Corex Significantly Expands Mineralized Footprint at Santana with Three New Zones
20 October 2011 - 12:00AM
Marketwired
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.
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 Schneider President & CEO
604.683.2505 Corex Gold Corp. Chris Bogart VP Corporate Development
604.683.2505 604.683.2506
(FAX)info@corexgold.comwww.corexgold.com
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