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Corex Gold Announces Positive Drilling Results from Santana Property in Mexico

Corex Gold Corp. (TSX VENTURE:CGE) has announced positive drill results from Corex's Santana property in Sonora, Mexico.

Down dip holes were collared in the Nicho North Zone and have encountered significant mineralization as highlighted by hole S10-081R which returned 65.5 m of 0.82 g/t Au including 38.1 m of 1.19 g/t Au.

Drill Highlights Include:

  • S10-081R- 65.5 m of 0.82 g/t Au (incl. 38.1 m of 1.19 g/t Au)
  • S10-082R- 74.7 m of 0.78 g/t Au (incl. 29.0 m of 1.32 g/t Au & 13.7 of 1.0 g/t Au)

Nicho North Target

The significance of these most recent holes is that they were collared approximately 500 m from S10-083D- 87 m of 1.04 g/t Au (incl. 28.6m of 2.16 g/t Au), (News Release No. 20 dated November 25, 2010) from the Nicho Zone. S10-081R and S10-082R were, 50 m down dip holes extending the Nicho North Zone further to the west. The Gold mineralization is in this area is associated with alteration assemblages that are characterized by pervasive and structurally controlled iron oxides, quartz vein stockwork, clay and sericite–illite alteration, at the contact with the Quartz Monzodiorite, located on the footwall of the mineralized structure.

S10-85R tested the north-western extension of the Nicho North zone at the contact with the Quartz Monzodiorite along a northeasterly structure.

Targets are located within an area measuring 1400 meters x 600 meters as defined by favorable alteration and associated gold anomalies.

Findings from these most recent drill results confirm the Nicho North Target is open down dip and along strike to the northwest and southeast, and the gold mineralization is associated with a brecciated structural zone, associated with quartz and pyrite stockwork.

A follow up drill program is planned in the early part of 2011 to further extend this target area and build out the significant potential of the Nicho North Zone.

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.

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