Nov 26 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.
Up dip and down dip holes were collared in the Nicho Zone. These new holes have encountered significant mineralization. S10-083D which returned 87 m of 1.04 g/t Au also included a higher grade intercept of 28.6 m of 2.16 g/t Au.
Some Drill Highlights Include:
- S10-083D- 87 m of 1.04 g/t Au (incl. 28.6 m of 2.16 g/t Au)
- S10-086D- 13.3 m of 1.46 g/t Au
- S10-086D- 47.5 m of 0.8 g/t Au
Nicho TargetThe 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. Hole S10-83D and S10-86D were drilled on section 101375NW. Hole S10-83D was a down dip hole from hole S10-067R and S10-86D was an up dip hole from hole S10-67R. These holes indicate a widening mineralized zone at depth surrounding the higher grade core, as shown in hole S10-083D, which included 28.6 m of 2.16 g/t Au.
These two holes confirm 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.
Systematic drilling is continuing at Nicho. The Nicho Zone is open in all directions and these recent holes significantly expand 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.