Corex Santana Progress Report to Shareholders
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/30/13 -- Corex
Gold Corp. (TSX VENTURE:CGE) ("Corex" or the "Company") would like to
inform the shareholders of the recent progress on its Santana Project
in Sonora State, Mexico. Further to news releases dated (please refer
to NR 02-13 and to NR 05-13) drilling is ongoing, and almost complete
on the first phase program by Vale Exploraciones Mexico S.A. de C.V.
("Vale"), a wholly-owned subsidiary of Vale S.A.
The first phase 2013 drill program is a 4000m program consisting of
roughly 10 holes, approx 500m avg. in depth designed to test a
copper-gold porphyry target that has been identified through previous
drilling and geophysics. To date 8 holes have been completed of this
program, with additional holes to still be drilled. These 8 holes are
in different stages of analysis and QA QC checks. The company is
currently awaiting data via way of a quarterly progress report to be
completed and intends to inform the shareholders immediately upon
receipt of this information.
The purpose of this phase of diamond drilling (HQ) is to start
building continuity between the previously identified three main
zones (Benjamin, Nicho, and Ubaldo) where a total of 23,000 m has
been drilled to date. The linking of these known zones and the
unknown potential at depth could greatly increase the size and
tonnage potential of the project. It is important to note however
that numerous targets outside of the main working area have been
identified and will also be drill tested in follow up phases of
About Vale S.A.
Vale is one of the largest metals and mining company in the world and
the largest in the Americas based on market capitalization. It is the
world's largest producer of iron ore and iron ore pellets and the
world's second largest producer of nickel. Vale also produces
manganese ore, copper, thermal and coking coal, phosphates, potash,
cobalt, gold, silver and platinum group metals. To support Vale's
growth strategy, the company is actively engaged in mineral
exploration efforts in several countries around the globe. Vale
operates large logistics systems in Brazil and other regions of the
world, including railroads, maritime terminals and ports, which are
integrated with its mining operations. In addition, Vale has a
portfolio of maritime freight assets to transport iron ore. Directly
and through affiliates and joint ventures, Vale also has investments
in energy and steel businesses.
About Corex Gold Corp.
Corex Gold Corp. is a Canadian resource company focused on the
acquisition, exploration, and development of precious/base metal
deposits in Mexico including its 100% owned flagship property, the
Santana Project, which is in Sonora State, Mexico. In addition,
Goldcorp Inc. has implemented an on-going exploration program on
Corex's 100% owned Zuloaga property in Zacatecas State, Mexico.
ON BEHALF OF THE BOARD
Craig D. Schneider, President & CEO
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.
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.
Corex Gold Corporation
President & CEO
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