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Corex Drills New Discovery at Santana

Investing News Network
Dec. 08, 2010 03:28PM PST
Gold Investing

Corex Gold Corp. (CVE:CGE)announces that a step-out reverse circulation drill hole has discovered a significant new mineralized zone on Corex’s 100% owned Santana property in Sonora State, Mexico.

Corex Gold Corp. (TSXV:CGE) announces that a step-out reverse circulation drill hole has discovered a significant new mineralized zone on Corex’s 100% owned Santana property in Sonora State, Mexico.

The press release is quoted as saying:

Discovery Hole at Ubaldo Zone: S10-078R returned 54.9 m of 0.87 g/t Au, 21.8 g/t Ag, and 0.51% Cu including 21.1 m of 1.73 g/t Au, 28.7 g/t Ag, and 0.48% Cu that ended in mineralization. The Ubaldo zone is located 700 meters southwest of the Nicho Zone and 700 meters southeast of the Benjamin Zone, which now expands the mineralized area to 3 x 2 km in total size. Drill-hole targeting was based on favorable alteration coupled with a large elongated chargeability high, some 500 meters in a northeast direction by 100 meters in a northwest direction at 150 m in depth.

Click here to access the entire press release

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