ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

CGE

0.00
0.00 (0.00%)
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 -

Corex Significantly Expands Mineralized Footprint at Santana with Three New Zones

19/10/2011 2:00pm

Marketwired Canada


Corex Gold Corp. (TSX VENTURE:CGE) (the "Company") is pleased to announce the
successful completion of its most recent mechanized trenching, mapping, and
sampling program on its 100% owned Santana project in Sonora State, Mexico. The
most recent program has dramatically increased the size and potential of this
newly emerging Gold-Copper Porphyry district. Below is a brief description of
the three New Zones identified, and where they lay in relation to our most
recently drilled area, the Nicho Zone.


Please click the following link http://www.corexgold.com/i/pdf/NewZones.pdf.

New Zone Overview & Highlights:

Recent field mapping and surface sampling in the southern portion of the Santana
project area has confirmed that potentially economic gold mineralization exists
within three new Zones.


Highlights from this fieldwork include: a six meter trench anomaly of 0.54 g/t
Au, within a 20 meter wide altered zone in the Santibanez area, a one meter wide
outcrop sample of 6.73 g/t Au from the structural extension of the La Micha
Zone, in the Seis Gramos area, and samples of 1.43, 1.83, and 3.25 g/t Au
associated with quartz tourmaline breccias and historic mine workings in the La
Zata area.


These findings indicate that gold mineralization at Santana is dispersed over an
area of at least four by five kilometers within a wide variety of geologic
settings. These new areas have been prioritized as Phase I targets for our
upcoming drill program. 


The project's position within a known porphyry-bearing belt, lends support to
the hypothesis that the mineralization discovered at Santana to date may be
peripheral to and genetically related to an unexposed porphyry system.


Zata Zone (4km on strike to Main Zone)

A 500 x 200 meter area of highly anomalous geochemistry, associated with a
quartz-tourmaline-sulphide breccia body. The mineralization occurs at the
contact between the host volcanics and a granodiorite intrusive. Sampling in the
area has also shown high silver values of up to 457.6 g/t Ag.


Santibanez Zone (3km on strike to Main Zone)

Road clearing and trenching here has revealed at least two sub-parallel
mineralized shear zones, approximately 20 to 40 meters wide, and 250 meters
apart. The shears are hosted in andesites, and trend east-west underneath
younger cover.


Seis Gramos Zone (1.5km on strike to Main Zone)

A road cut here has exposed the structural continuation of the "La Micha" Zone
one kilometer to the north-west. Trench samples indicate a mineralized shear
zone from one to six meters wide, with gold values ranging from .3 to 6.73 g/t
Au.


Craig Schneider states, "We are pleased with the positive results generated from
the recently completed mapping, sampling and trenching program. Coupled with
past drill data the most recent findings have greatly increased the size
potential of Santana and confirm an emerging Gold-Copper Porphyry District. A
three phase drill program has been designed to test these new targets as well as
build out our existing zones down dip, along strike, and at depth." 


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
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. 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.


1 Year Corex Gold Corporation Chart

1 Year Corex Gold Corporation Chart

1 Month Corex Gold Corporation Chart

1 Month Corex Gold Corporation Chart