Corex Gold Corporation
TSX VENTURE : CGE

Corex Gold Corporation

February 08, 2010 11:37 ET

Corex Commences Drilling at Santana Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2010) - Corex Gold Corp. (the "Company") (TSX VENTURE:CGE) has commenced drilling on its Santana gold project in Sonora State, Mexico. The program will comprise of a 5,000 meter (30 hole) diamond drilling program: Approximately 3,500 meters (20 holes) to follow up on previous drilling success (please refer to news release dated August 18, 2009) and approximately 1,500 meters (10 holes) of drilling targeted on new zones identified via the 3D IP Survey. This 5000 meter program is the beginning of Corex's larger 2010 drill program that is planned to include an RC drill in March an additional diamond drill rig in the spring.

The break down of drilling is as follows:

Follow up drilling: will consist of 20 holes, designed to test targets located in an area measuring 2.3 km x 1.5 km as defined by favorable alteration and associated gold anomalies. These holes will test the downdip and strike extensions of Turena, Benjamin, and El Nicho Zones drilled in 2008-09. The most recent results were released in the news release dated Nov 19, 2009. Gold mineralization is associated with alteration assemblages that are characterized by pervasive and structurally controlled iron oxides, quartz vein stockwork, clay and sericite–illite alteration. The mineralization at the proposed seven drilled areas is hosted by intermediate tuffs and flows.

New Zone drill testing: will consist of 10 holes to test new target areas of the Santana Project: located along the "NW" zones which extend for 2.3 km in a south-easterly direction. Management expects to identify additional targets upon completion of the IP survey.

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