Corex Gold Corporation
TSX VENTURE : CGE

Corex Gold Corporation

November 15, 2010 10:50 ET

Corex Identifies Two New Gold Zones at Santana Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2010) - Corex Gold Corp. (TSX VENTURE:CGE) (the "Company"), is pleased to announce that two new gold zones have been identified on its Santana Property, located in Sonora State Mexico. These two areas have been identified from Corex Gold's ongoing reconnaissance program consisting of geo-chemical mapping and sampling. These two new gold zones are currently being drill tested.

Two Gold Zones are as follows:

The Mina de Oro: area is located three kilometers north-east of the Nicho Ridge and Nicho main zone. It also occurs on the western side of the main Quartz Monzonite batholith. An anomalous area of 200 by 350 meters with anomalous gold values has been identified, the highest values are showing a north-east strike, coincident with the major north-east altered lineament. Mina de Oro old workings lie along the strongest anomaly. Drilling has commenced to confirm this new gold zone.

Cobriza: it is located 2.5 kilometer north of the Nicho Zone; a soil grid sampling and rock sampling show an anomalous gold area 150 meter wide by 250 meters long, oriented roughly north-east. The anomalous values are associated with a Quartz breccia a hosted in quartz monzonite unit. Drilling has commenced to test this new gold zone.

Please click the following link for a map detailing the new gold zones:
http://www.corexgold.com/i/pdf/goldzones.pdf

Drilling Update

Corex is continuing with the 2010 RC & Diamond Drill program that will test continuity between the know corridors and test newly identified gold zones. Corex is currently awaiting 4100 m of assays that has been sent to Acme Labs for processing.

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.

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 Corporation. 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 Corporation'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