Corex Gold Corporation
TSX VENTURE : CGE

Corex Gold Corporation

December 16, 2009 11:59 ET

3D IP Survey Commences At Corex's New Gold Discovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2009) - Corex Gold Corp. (the "Company") (TSX VENTURE:CGE) has commenced a 3D IP Survey on its Santana gold project in Sonora State, Mexico. The program will consist of 42 line-kilometres grid, which will cover the central project area known as El Nicho and the most prospective targets of the Santana Project, including the Cerro La Cobriza area located 2 km to the North East of El Nicho North.

SJ Geophysics Ltd. www.sjgeophysics.com an industry leader in geophysical modeling and computer analysis will conduct a 3D IP survey on the Santana Project to test the continuity of the mineralized trends already identified by the mapping, geochemical survey and 5000 m of RC drilling. The IP survey will be acquired with the 3D IP technique which will consist of a modified pole-dipole survey with 50 m spaced dipoles. An estimated 25 to 30 lines will be spaced 100 m apart and will be approximately 1500 m in length.

The primary target will be oxide mineralization between the surface and 150 m of depth, on wider zones of silicified and brecciated to breccia bodies in contact with high level intrusive plugs Corex may elect to add to the lines if a good indication of mineralization at greater depth is recognized.

The purpose of the 3D IP Survey is to identify signatures at depth which will further delineate drill targets and compliment the geochemical targets previously outlined. This work will be followed by a 30,000 m drill program that will commence in 2010. The drill program will include Diamond drilling as well as an RC program of the known mineralized areas as well as newly identified gold zones.

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.

About Corex Gold Corp.

Corex Gold Corp. is a Canadian resource company focused on the acquisition, exploration, and development of precious metal deposits in Mexico. Corex is currently developing its flagship property, the Santana Project, which is a new gold discovery in Sonora, Mexico. In addition, Goldcorp Inc. (TSX:G - NYSE:GG) has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas, Mexico.

ON BEHALF OF THE BOARD

Craig D. Schneider, President & CEO

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.'s filings with the appropriate securities commissions.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Corex Gold Corp.
    Craig Schneider
    President & CEO
    604.683.2505
    or
    Corex Gold Corp.
    Chris Bogart
    VP Corporate Development
    604.683.2505
    604.683.2506 (FAX)
    info@corexgold.com
    www.corexgold.com