solid results!they are on a good way and drilling in the future will confirm a good economic property. Also holding Pem.V how you can see in my portfolio....and sorry for this post now, but...perhaps some want to read it (for those who didn't read it in my blog:
Corex Gold: the best near-term Junior @ the venture. Reasons:
-possible multimillion ounce gold deposit in mining friendly mexiko
-20.000mof drilling started in early february
-last weeks news were the bestdrilling results ever:
161m of 1.04g GOLD in a step-out hole, and these were thefrist holes released from this program:
we will get nearly every week new drilling results.It is a huge intersection wit a good economic grade of gold.
-exploringhigher-grade gold intersections
-44mio shares outstanding trading@0,60can$: Mid-term Target 5$...should be over a buck in the next weeksif we get another drill hole like this.
-over 10% of the shares heldby Gammon Gold, possible takover target after this drilling campaign!
Thisstock is absolutely unknown yet. You should buy before the firstnewsletter coverages kick in.
This stock has all what some companiesdream of, but private investors are not realizing it yet...until theboard gets hot. Strong buy.
2011-03-24 06:22 ET - News Release
Mr. Craig Schneider reports
COREXDRILLS161.5 M OF 1.04 G/T AU INCLUDING 53.4 M OF 1.67 G/T AU AND 24.1 MOF3.38 G/T AU AT SANTANA PROPERTY, SONORA STATE, MEXICO
Corex GoldCorp. has achieved continued exploration success throughthe20,000-metre 2011 drill program on its Santana property, Sonorastate,Mexico. Step-out and downdip holes were collared in the Nichozone. Thesenew holes have encountered significant mineralization,including 161.5metres of 1.04 g/t Au including 53.4 metres of 1.67grams per tonne (g/t)Au and 24.1 metres of 3.38 g/t Au from holeS11-101D.
Some drillhighlights include:
- S11-101D 161.5 metres of 1.04 g/t Au, including 53.4 metres of 1.67 g/t Au including 24.1 metres of 3.38 g/t Au;
- S11-099D 170.8 metres of 0.51 g/t Au, including 9.7 metres of 1.36 g/t Au and 25.3 metres 0.89 g/t Au;
- S11-102D 26.7 metres of 1.46 g/t Au, 14.4 metres of 1.07 g/t Au including 7.0 metres of 2.01 g/t Au and 56.4 metres of 0.84 g/t Au including 9.3 metres of 2.39 g/t Au.
Nicho zone drill results
CraigSchneider, president and chiefexecutive officer of Corex Gold, states:"We are very pleased with theinitial results from our 2011 drillprogram. These are the best resultsthe company has drilled to date onthe Santana property, in both gradeand thickness. The holes confirm ahigher-grade component to a veryrobust mineralized system. HolesS11-099D, S11-100 D and S11-101 D, onSection 101375 northwest, are ofparticular importance as they haveconfirmed the occurrence of high-gradeshoots at the intersection of thenortheast and northwest structures. Itis important to note that theNicho zone is only one of numerous drilltargets on the property thatare open along strike and at depth."
Drillingat Nicho continues to define higher gold grades within thelarge bulktonnage gold target. The mineralization starts from thesurface andextends from the Nicho topographical high to below thenortheast-bearingNicho ridge. The significance of these most recentresults is thehigh-grade portion of the mineralized zone which isstructurallycontrolled and at least 200 metres by 200 metres by 50metres.Surrounding this high-grade core is a mineralized zone, which isdefinedby the distribution of tectonic breccias, and is 400 metres by400 metresby 200 metres.
Current drilling/pending drill holes
Drillingis continuing at the Nicho zone and once complete will continuein theUbaldo zone to follow up on the new discovery hole whichreturned 54.9metres at 0.87 g/t Au and 21.8 g/t Ag (news release inStockwatch datedDec. 8, 2010). After the Ubaldo zone drilling iscomplete the rig willthen be moved to southeast of the Nicho zone (LaMicha) where some bluesky targets identified via 3-D IP will be tested.This step-out drillingis designed to test the periphery of the knownzones to date.
Corexanticipates a steady stream of drilling news and explorationresultsover the upcoming months from its continuing 20,000-metrediamond drillprogram.
P.s.: Ecometals is my other favourite stockin the very near term.