Corex Options Santana Project to Vale SA

Corex Gold Corp. (TSXV:CGE) announced that it has finalized an agreement to grant Vale S.A. the option to acquire up to a 65% interest in their Santana Project by making work expenditures of $16,000,000.

As quoted in the press release:

The objective of this alliance is to further develop the copper-gold porphyry target on the Santana Project, in Sonora State, Mexico.

Corex’s President and CEO, Craig Schneider, said:

We are very pleased to have a Company such as Vale as a strategic partner to further advance the Santana Property to its next phase of development, and unlock the project’s porphyry potential.

To view the full press release, click here.