New Deeper 3D IP Survey Commences at Corex's Santana Project
Published : February 14, 2011

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Keywords :   Copper | G Mexico | Gold | Gold Discovery | Market | Mexico |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2011) - Corex Gold Corp. (News - Market indication) (the "Company") announces SJ Geophysics Ltd. has started a follow up 3D IP survey on the Santana Project to test the continuity of the mineralized trends at depth, previously identified by the 3D IP survey completed in January 2010.

Passed Findings
The results of the original survey successfully identified four geophysical targets along strike from known mineralization and have indicated a series of structurally controlled resistivity and chargeability anomalies that are broadly coincident with the surface exposure of mineralized structures. The past 3D IP survey identified new drill targets at Nicho, Benjamin, Marmero, Tres Hermanos, and finally Ubaldo areas which were successfully drilled in Corex's 2010 drill program. Most recent of which resulted in the Ubaldo Zone discovery. Follow up drilling is targeted on all of the above mentioned zones for 2011.

Results
The objective of the first survey was the mineralization between the surface and 200 m of depth, and on wider zones of structurally brecciated bodies in contact with high level intrusive plugs. Results of the original survey clearly indicate that known mineralization is associated with moderate to high chargeability and low resistivity readings in the Nicho, Benjamin and Ubaldo Zones.

Interpreted 3-D IP results showed that low resistivity trends are continuous along strike for up to 2,000 meters, with individual robust chargeability anomalies extending along strike in excess of 400 meters. The magnitude of the geophysical anomalies suggests potential for improved width and strike continuity of mineralization at depth.

Please click the following link for a map to view the geophysical map outlining the known and new target areas at: http://www.corexgold.com/i/pdf/ip-map.pdf

New 3D IP Survey
The deeper survey will be acquired with the 3D IP technique which will consist of a modified pole-dipole survey with 100 m spaced dipoles. An estimated 11 lines will be spaced 200 m apart and will be approximately 2400- 3200 m in length.

The objective of the new survey is to define the depth and strike length potential of the Gold mineralization at Nicho and the Gold-Copper mineralization at Ubaldo and Benjamin Zones.

Follow up Work
The purpose of this follow up 3D IP Survey is to identify signatures at depth, (up to 500 m) which will further delineate drill targets and compliment the geophysical targets previously outlined in the January 2010 program. An aggressive 20,000 m drill program including some deep holes has started and will also target deeper targets.

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 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

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.

For more information, please contact

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
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Corex Gold Corporation

EXPLORATION STAGE
CODE : CGE.V
ISIN : CA21870J1012
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Corex Gold is a gold exploration company based in .

Corex Gold holds various exploration projects in Argentina, in Costa Rica and in Mexico.

Its main exploration properties are ZULOAGA, SANTANA and TREBOL PROJECT in Mexico, EVELINA in Argentina and LILAS in Costa Rica.

Corex Gold is listed in Canada. Its market capitalisation is CA$ 18.7 millions as of today (US$ 14.4 millions, € 12.0 millions).

Its stock quote reached its highest recent level on May 12, 2006 at CA$ 1.37, and its lowest recent point on April 25, 2014 at CA$ 0.02.

Corex Gold has 133 580 000 shares outstanding.

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Financings of Corex Gold Corporation
7/14/2011Announces Non-Brokered Private Placement for up to 3,333,333...
3/15/2011Withdraws Previously Announced Financing
3/7/2011Announces C$5.1 Million Private Placement Financing
7/8/2010Announces Private Placement with Gammon Gold
8/28/2009Non-Brokered Private Placement for up to 4,600,000 Units
6/15/2009Announces Close of Private Placement
Project news of Corex Gold Corporation
2/5/2013(Santana)-Vale Complete Agreement on Santana Property
5/20/2011(Santana)IP Survey Significantly Expands Potential of Santana Project
4/1/2011(Santana)Identifies More Gold and Acquires New Claims at Santana Prop...
3/25/2011(Santana)Drills 161.5 m of 1.04 g/t Au Including 53.4 m of 1.67 g/t A...
2/14/2011(Santana)New Deeper 3D IP Survey Commences at Corex's Santana Project
12/1/2010(Santana)Corex Drills 65.5 m of 0.82 g/t Au (incl. 38.1 m of 1.19 g/...
10/16/2009(Santana)Trench Results on Santana Property
9/29/2009(Santana) Completes Soil/Rock Sample Program- Delineates New Drill Ta...
9/25/2008(Santana)Commences First Phase Drill Program on Santana Property
6/24/2008(Santana)Announces Positive Results on its Santana and Cumeral Proper...
11/15/2007(Caliche) Announces Drill Results From Caliche Property
9/24/2007(Caliche)Announces Positive Trenching Results on Caliche Property
Corporate news of Corex Gold Corporation
8/19/2016Corex Gold Announces Warrant Extension
5/11/2016Corex Gold Extinguishes Debt by Issuance of Shares
5/10/2016Corex Gold Announces Closing of Financing
5/9/2016Corex Gold Announces Completion of Financing
4/25/2016Corex Gold Announces Shares for Debt Settlement
4/21/2016Corex Receives Mining Permit for Santana Project
4/14/2016Corex Announces Non-Brokered Private Placement for up to $1,...
1/22/2015Corex Corporate Update and Path to Commercial Production
6/23/2014Corex Announces an Agreement With H Morgan & Company to Move...
6/23/2014Corex Announces an Agreement With H Morgan & Company to Move...
10/30/2013(Santana)Santana Progress Report to Shareholders
7/9/2013(Santana)Announces Drill Rig Mobilized to Santana
11/6/2012Vale and Corex Sign Definitive Agreement
6/15/2011(Santana)Drills 23.9m of 1.65 g/t Au at Santana Property, Mexico
4/26/2010Begins Airborne Survey
7/23/2009Options 100% Interest in Contiguous Mexican Property from V...
7/8/2009Industrial Alliance Securities initiates coverage on Corex G...
4/8/2008 Announces Property Acquisition
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