RE: The words of Chester Millar( May ,2016) A colleague suggested he look at junior explorer Corex Gold’s Santana property in Sonora. Millar visited Santana and saw a potentially cheap start-up. There are several gold zones on the property and one of them, El Nicho, was sticking out of the ground. He thought it looked easy to mine and leach. Millar made a deal with Corex in 2014 to invest in the company with the condition Corex would spend Millar’s money under his direction.
Corex, under Millar’s guidance, drilled 19 holes at El Nicho last year. Satisfied with these results, as well as additional metallurgical and development work, Corex applied for and has just received a permit for a pilot test mining operation. Millar thinks Corex will be able to start producing gold and earning revenues as soon as September 2016.
Above is more from May 2016.