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Corex Gold Corp. is a newly formed junior gold exploration and development company active in its search for high quality projects that meet the Company's corporate objectives. Corex is focused on evaluating gold projects that have low production cost potential and contain the likelihood of a 1,000,000-ounce plus deposit.

Corex Gold Corp.       [CGE:TSX-V]    

El Trebol, Zacatecas. The El Trebol Gold Property encompasses  478  hectares, and is 100% owned by Corex Gold Corp. Located in the Sierra Madre Oriental of Zacatecas State, Mexico, the property is situated approximately 20 km west-northwest of the Melchor Ocampo Mining District, and within 20 km  NW of Western Silver’s new Peñasquito discovery near the historic Concepcion del Oro and Terminal mining districts. The geology of the El Trebol Gold Property is comprised by a series of limestones of Upper Jurassic age locally of the Zuloaga Formation, that is exposed in the core of a sharp east-west striking anticline. Stratigraphically above the Zuloaga is a 50-100m thinly bedded limey shale called the La Caja Formation which, in turn, is overlain by the Taraises Limestone (gold-bearing structures cut these hosts).

Gold mineralization on the property is wide-spread consisting of two types:
Manto-style pipes in the Taraises Limestone
Disseminated gold mineralization hosted in the La Caja Shale.

Manto chimneys and blanket-like deposits as manifested by La Canela Mine on the property where mineralization is associated with intersecting northeast and northwest structures  where brecciated limestone  has  provided reactive hosts for migrating hydrothermal fluids. Within the limestone breccia clasts, there appears to be an initial phase of dolomitization with commensurate volume decrease that would further enhance unit permeability. Samples taken by Corex on some of these structural directions contain up to 29 g/t Au (0.85 opt) Au. The second type of mineralization is associated with the oxidized and argillicly altered Caja Shale exposed at the edge, and covered by the thrust plate. Fieldwork consisting of a detailed mapping and sampling program of the property has just been completed. Drill target definition is currently underway, leading to a first phase drill program later in 2004.

Zuluaga, Zacatecas. The Zuluoaga Property encompasses 16,896 hectares, which is 100% owned by Corex Gold Corp. Located in the Sierra Madre Oriental of Zacatecas State, Mexico, the claim is approximately 30 kilometres northwest of the historic gold and silver producing mining district of Concepcion del Oro. Past production from this district since the 16th century is reportedly estimated at 250 million ounces of silver and 1.5 million ounces of gold. Concepcion del Oro produced gold and silver from a variety of deposit styles including skarns, mantos, breccias and disseminated deposits in favourable lithologies. Within the Zuloaga Property, Corex has defined three separate areas of up to 7 kilometres in strike length that are permissive for 'Concepcion del Oro' style gold and silver deposits. The target areas are defined by past producing gold mines, prospect pits, favourable geology, and gold anomalies derived from Mexican governmental maps.
Fieldwork consisting of mapping and sampling is currently underway and will be completed by the first week in May. Initial efforts will be directed at the three principal target areas. Work towards drill target definition will progress this spring, leading to a drill program later in 2004.
 

wwwInfo 15Jan05