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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TSXV:CGE | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
From May 2019 to May 2024
Drill Highlights Include:
Hot Features
Premium
-- S11-103D 23.9 m of 1.65 g/t Au
-- S11-104D 20.4 m of 1.11 g/t Au, incl. 7.2 m of 2.58 g/t Au
-- S11-108 65.8 m at 0.43 g/t Au and 9.88 g/t Ag and 0.33 % Cu incl. 10.2 m
of 0.53 g/t Au, 28.2 g/t Ag and 0.9 % Cu
Drill Results Overview:
Drilling at Ubaldo has expanded the outline of this significant new gold and copper zone, to an area of one km2 and remains open in several directions, specifically at depth and to the northeast where gold grades and widths appear to be increasing. The holes confirm a higher grade component to a very robust mineralized system. Holes S11-103D, S11-104 D are of particular importance as they have confirmed the occurrence of high grade shoots in proximity of the surface. It is important to note that the Nicho Zone is only one of numerous drill targets on the property.
Hole S11-108 is located 25 m NE of previously reported hole S10-078R, which intersected 54.9 m of 0.9 g/t Au, 21.8 g/t Ag and 0.51 % Cu. This most recent Ubaldo hole is significant as it again intersected a thick chargeability high target which was outlined and refined in the Company's most recent 3D IP program. This method of target delineation has proven extremely successful in building out the Santana Property to date.
Ubaldo Zone Drill Result Highlights:
----------------------------------------------------------------------------
Comp Comp
From To Length Au Ag Comp
Hole ID (m) (m) (m) ppm ppm Cu%
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S11-108D 193 258.7 65.8 0.43 9.88 0.33
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Including 240.1 250.3 10.2 0.53 28.21 0.91
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Including 254.3 258.7 4.5 0.74 7.31 0.17
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S11-108D 308.8 310.8 2 1.47 0.15 0
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True widths are estimated to be about 90% of the drill intersections. Surface exploration shows similar alteration and mineralization occurring in outcrops over a 10 sq km area to depth of 400 m.
Corex views these results positively as exploration drilling continues to expand the size of the Nicho and Ubaldo trend. Given the extent of the mineralization and the initial positive geo-metallurgy, Santana has the signatures to develop into a significant deposit.
Nicho Zone Drill Result Highlights:
----------------------------------------------------------------------------
Comp Comp
From To Length Au Ag Comp
Hole ID (m) (m) (m) ppm ppm Cu%
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S11-103D 104 113 9 0.38 3.5 0.12
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Including 104 105 1 1.71 20.9 0.69
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Including 110 111.5 1.5 0.53 0.5 0.01
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S11-103D 159.3 175.5 16.2 0.64 1.93 0.02
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Including 159.3 161 1.8 3.93 11.9 0.13
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S11-103D 183.5 207.4 23.9 1.65 0.98 0.01
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S11-103D 216.4 233 16.6 0.66 0.51 0.01
----------------------------------------------------------------------------
Including 219.5 224 4.5 1.65 0.43 0
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S11-103D 247.2 260.6 13.4 0.28 0.75 0.01
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S11-103D 273.4 297.6 24.2 0.35 1.46 0.03
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Including 273.4 277.8 4.4 0.77 1.15 0.13
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Including 287 292.3 5.3 0.41 3.19 0
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S11-104D 0 7.4 7.4 0.43 1.53 0.01
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Including 0 4.4 4.4 0.56 1.99 0.01
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S11-104D 37.1 47 9.9 0.62 1.27 0.07
----------------------------------------------------------------------------
Including 43.4 44.6 1.2 3.1 3.1 0.26
----------------------------------------------------------------------------
S11-104D 57.2 77.6 20.4 1.11 1.76 0.04
----------------------------------------------------------------------------
Including 57.2 64.4 7.2 2.58 2.98 0.09
----------------------------------------------------------------------------
S11-104D 89.4 93 3.6 0.79 8.76 0.52
----------------------------------------------------------------------------
S11-104D 106.7 109.8 3.1 0.51 2.39 0.09
----------------------------------------------------------------------------
S11-104D 175 177.4 2.4 0.9 1.4 0.06
----------------------------------------------------------------------------
S11-104D 193.4 210.5 17.1 0.45 0.6 0.04
----------------------------------------------------------------------------
Including 193.4 197.4 4 0.86 0.65 0.01
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S11-104D 0 4.5 4.5 1.48 0.6 0.13
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S11-105D 193.7 195.2 1.5 1.51 10.9 0.07
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S11-105D 303.5 311.4 7.9 0.37 3.32 0.01
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Including 303.5 305.2 1.7 0.85 3.2 0.22
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S11-106D 132.4 133.9 1.5 2.35 8.8 0.02
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S11-106D 161.8 178.7 16.9 0.56 0.75 0.04
----------------------------------------------------------------------------
Including 167.8 173.4 5.6 1.3 0.66 0.02
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S11-106D 186.6 198.4 11.9 0.45 1.42 0.02
----------------------------------------------------------------------------
Including 186.6 192.3 5.7 0.71 0.61 0.08
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S11-106D 228.6 253 24.5 0.35 1.98 0.22
----------------------------------------------------------------------------
Including 228.6 233 4.5 0.7 2.97 0.02
----------------------------------------------------------------------------
Including 245.5 253 7.6 0.63 3.73 0.07
----------------------------------------------------------------------------
S11-106D 294.5 296.5 2 2.48 2.5 0.02
----------------------------------------------------------------------------
S11-107D 128.3 129.9 1.6 1 3.3 0.03
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S11-107D 191.9 194.6 2.7 0.92 0.96 0.05
----------------------------------------------------------------------------
S11-107D 234.3 242.8 8.5 0.35 3.12 0.01
----------------------------------------------------------------------------
Including 237.6 238.5 1 0.6 20.5 0.07
----------------------------------------------------------------------------
Including 241.7 242.8 1.1 1.78 2.8 0.26
----------------------------------------------------------------------------
S11-107D 318.3 332.6 14.4 0.23 0.36 0
----------------------------------------------------------------------------
Including 330.6 332.6 2 0.45 0.15 0.01
----------------------------------------------------------------------------
Reported intervals must be at least 1.0 meters wide; drill hole intercepts
are reported at a 0.21 g/t Au cutoff or a 0.4 g/t Au cutoff. Intervals
contain no more than six low-grade to barren samples between mineralized
samples containing over 0.2 g/t Au or intervals contain no more than two
low-grade to barren samples between mineralized samples containing over
0.4 g/t Au.
Corex utilizes a comprehensive QA/QC program consisting of blanks, drill
rig sample duplicates and reference samples to ensure best practices are
followed and the data collected is of the highest quality. All samples were
prepared to normal industry standards and assayed for gold by Fire assay
with AA finish by Acme Industrial Company (ISO 9001:2008 registered quality
system). Intercepts are close to true thickness.
Please click the following link for a map and section 101375 NW for the Nicho Zone: http://www.corexgold.com/i/pdf/NichoOverview.pdf.
The table with the drill hole locations, dips, lengths and 0.2 g/t Au comp. will also be updated on website shortly.
Bruno Barde, P. Geo., manages Corex's exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.
About Corex Gold Corp.
Corex Gold Corp. is a Canadian resource company focused on the acquisition, exploration, and development of precious metal deposits in Mexico. Corex is currently developing its flagship property, the Santana Project, which is a new gold discovery in Sonora, Mexico. In addition, Goldcorp Inc. (TSX: G)(NYSE: GG) has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas, Mexico.
ON BEHALF OF THE BOARD
Craig D. Schneider, President & CEO
Cautionary Statement
The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp., in particular the potential for the Santana property to host a large-tonnage gold-silver-copper porphyry system. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.'s filings with the appropriate securities commissions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Corex Gold Corp. Craig D. Schneider President & CEO 604.683.2505 Corex Gold Corp. Chris Bogart VP Corporate Development 604.683.2505 604.683.2506 (FAX) info@corexgold.com www.corexgold.com
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