Corex Gold Corporation CGE:CA announced assay results from its Santana Property in Sonora State, Mexico. Highlights include 1.16 g/t gold over 89.23 metres (including 3.48 g/t over 8.5 metres and 1.78 g/t over 53.9 metres), 1.11 g/t over 24.8 metres, 1.28 g/t over 10.7 metres, 1.39 g/t over 31.3 metres and 1.22 g/t over 27.9 metres.
President/CEO Craig Schneider tells ResourceClips.com, “We have a number of results forthcoming over the next couple of weeks. We’re in the midst of a 20,000 metre drill program that will continue over the next 12 months. All of these results are from surface—all on topographical highs—these new areas that we’re currently drilling were defined by way just of basic geochemistry—mapping and sampling and what have you.We’re very enthusiastic about the last batch of results. They confirm that there’s a high grade component to the deposit that we knew was there but had to find.
“The significance of the results is that they’re confirming the 10,000 metres that we already have under our belt and that we’re stepping out from. So they’re increasing the potential size and magnitutde of the deposit. Within twelve months we’d like to have some form of resource calculation. We should have that by Q4 of 2011.
“We’re small market capitalization and we’re cashed up to implement our business strategy of drilling these 20,000 metres. We’re going to be hard at work, sleeves rolled up and drilling away,” concludes Schneider. “We truly believe this to be potentially the next big deposit in Sonora State.”
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Craig D. Schneider
or Chris Bogart
VP Corporate Development
by Ted Niles