Nov 18 2010
Corex Gold Corp. (TSX VENTURE:CGE) has reported continued exploration success achieved through the 2010 drill program on its Santana Property, Sonora State, Mexico.
Step out and down dip holes were collared in the Nicho Zone. These new holes have encountered significant mineralization. S10-079D which returned 89.23 m of 1.16 g/t Au including 8.5m of 3.48 g/t and 53.9 m of 1.78 g/t.
Some Drill Highlights Include:
- S10-079D - 89.23 m of 1.16 g/t Au (including 8.5m of 3.48 g/t and 53.9 m of 1.78 g/t Au)
- S10-076D - 31.3 m of 1.39 g/t Au
- S10-070D - 27.9 m of 1.22 g/t Au
Nicho Target
The success from the most recent drill program occurred on a 1000 m x 700 m gold soil anomaly coincident with ground magnetic and IP survey anomalies. The mineralization is controlled within a gold bearing structural corridor that is open in all directions and at depth. The significance of these most recent results is the high-grade portion of the mineralized zone which is structurally controlled and at least 200 m long, 50 m wide, with a thickness of at least 200 m. Surrounding this high-grade core is a mineralized zone, which is defined by the distribution of the tectonic breccias and has a strike of 400 m, a width of 400 m and an average thickness of 200 m.
Detailed modeling of the high-grade portion of the deposit indicates that the high-grade mineralization is controlled by several echelon structural zones, suggesting significant potential for finding additional high-grade zones.
The Nicho Zone is open in all directions and significantly expands the exploration potential of the project area. Drilling at Nicho is currently on-going to rapidly expand on its resource potential.
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.
Source: Corex Gold Corp.