Business & Finance
Business and Finance
Business and Finance
Tue, June 22, 2010
Mon, June 21, 2010 Corex Announces Positive Results From Airborne Survey
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2010) - Corex Gold Corp. (the "Company") (TSX VENTURE:CGE) is pleased to announce results for the recently completed airborne magnetometer and radiometric survey across the Santana Project in Mexico. Preliminary results show excellent correlation between the airborne magnetic data and detailed ground data acquired across a portion of the property. In addition to mapping the dominant NW and NE structures, the airborne magnetic data has detected several anomalies reflecting near surface, localized targets. The radiometric data has detected high potassium and low thorium/potassium ratio signatures associated with three target areas: El Nicho, Benjamin, Ubaldo and several other areas with similar signature across the survey area have been identified. These signatures are often associated with hydrothermal alteration and support the epithermal models proposed for these targets. A detailed examination of the airborne results is ongoing.
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 Corp., in particular the potential for the Santana property to host a large-tonnage gold-silver-copper porphyry system. 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.
