News Releases
| Tue May 11, 2010 Corex Adds Second Drill to Santana Property | |
| Vancouver, BC -- May 11, 2010 - Corex Gold Corp. (the "Company") is pleased to report that drilling has commenced with a second drill rig on its Santana gold project in Sonora State, Mexico. The program will comprise of a 6,100 meter (24 hole) reverse circulation program: Approximately 1,150 meters (6 holes) to follow up on previous drilling success (please refer to news release dated November 19, 2009) and approximately 5,000 meters (18 holes) of drilling targeted on new zones identified via the 3D IP Survey. This program is part of Corex's larger 2010 drill program that includes a minimum of 5,000 meters diamond drilling that began in February, 2010. The break down of drilling is as follows: Follow up drilling: will consist of 6 holes, designed to test targets located in an area measuring 2.3 km x 1.5 km as defined by favorable alteration, associated gold anomalies and previous drilling. These holes will test the strike extensions and chargeability anomalies of the Benjamin, El Nicho North and El Nicho Zones. These areas have been identified through Corex's 2008-09 drill program as well as the recently completed 3-D IP survey. Gold mineralization is associated with alteration assemblages that are characterized by pervasive and structurally controlled iron oxides, quartz vein stockwork, clay and sericite--illite alteration. New Zone drill testing: will consist of 18 holes to test 4 new target areas of the Santana Project that were identified through the 3-D IP survey. These drill targets are testing a combination of chargeability highs, resistivity lows and gold in soil anomalies. The four new targets are identified as the following: Ubaldo, Tres Hermanas, Benjamin North and Marmero. For a map of the proposed drill program please click on the following link (click here) 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 FOR FURTHER INFORMATION PLEASE CONTACT: Craig Schneider, President & CEO Or Chris Bogart VP Corporate Development Tel: 604.683.2505 Fax: 604.683-2506 E-mail: info@corexgold.com Website: www.corexgold.com Cautionary Statement: 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." 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. | |
