Mr. Robert Eadie reports
CORTEZ GOLD CORP.: SURFACE SOIL SAMPLING IDENTIFIES NEW EXPLORATION TARGETS ON THE PETLACALA GOLD-SILVER PROJECT, MEXICO
Cortez Gold Corp. has provided an update on surface explorationsampling carried out on the Petlacala gold-silver project, Guerrerostate, Mexico.
Soiland rock geochemical assay results from the phase I exploration programhave identified several new target zones at Petlacala. The explorationprogram at Petlacala has been targeting a low-sulphidation vein systemof the Astro, Karla-Guadalupe, Armazon, Ninfas, Madre and Californiaveins (see Stockwatch news releases dated April 12, Aug. 11, Oct. 19and Dec. 15, 2010, and Jan. 31, 2011).
During its phase I exploration program, 502 soil and 89 rock samples were collected.
Soilsampling at Petlacala is a very effective tool for identifying newtargets. In soil samples collected during the phase I explorationprogram, gold assay values range from below detection to 302 parts perbillion and silver from below detection to seven parts per millionsupported by elevated arsenic and less pronounced antimony and mercury.Base metal values are low, and they correspond to some degree withsamples enriched in gold and silver.