Thursday, 28th June 2007 (2258 views)

Mineral exploration company Corex Gold has announced the discovery of two new gold zones on its Caliche property, Mexico.

Corex reports that exploration programmes have identified gold mineralisation over a north-east zone spanning five kilometres (km) cross-cut by six striking shear zones - El Zorillo Cabeza Blanca, San Quentin, Los Japoneses, Chinos Altos and La Espanola.

The new gold zones are at San Quentin - where 1.2 km of strike was identified by mapping - and Cabeza Blanca which contains a three level mine.

"A nominal 100 metre centre grid over this area returned an average gold value of 1.79 grammes per tonne (g/t) of gold, the high assay was 6.66 g/t of gold, the lowest included assay was 0.055 g/t of gold," a company release noted in regards to the Cabeza Blanca zone.

San Quentin turned up 22 samples, the results of which show sample average to be 0.750 g/t of gold, a high value of 3.670 g/t of gold and the lowest assay result of 0.071 g/t of gold.

Further more detailed sampling and mapping is currently underway at the site.

 

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