Vale Gives Notice of Termination of Option Agreement on Santana Project
22 1월 2014 - 10:00PM
Marketwired
Vale Gives Notice of Termination of Option Agreement on Santana
Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 22, 2014) -
Corex Gold Corp. (TSX-VENTURE:CGE) ("Corex" or the "Company"),
wishes to announce that it has received notice from Vale
Explorationes Mexico, S.A. de C.V. ("Vale") that Vale is
terminating its option on the Company's Santana Property in Sonora
Mexico effective as of January 31, 2014. The option was granted
further to the Exploration Option Agreement (the "Agreement") made
November 5, 2012.
By delivering this notice, Vale hereby informs Corex of its
intention to abandon all its rights and options granted under the
Agreement in accordance with Section 2.4 of the Agreement. As of
the date of termination Vale had not yet earned an interest in the
Santana Property and as a result the Santana Property continues to
be held 100% by Corex.
Corex is awaiting the remaining assays of 8 holes of the 4000m
drill program completed by Vale, and will release them upon receipt
of this information.
About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on the
acquisition, exploration, and development of precious/base metal
deposits in Mexico including its 100% owned flagship property, the
Santana Project, which is in Sonora State, Mexico. In addition,
Goldcorp Inc. has implemented an on-going exploration program on
Corex's 100% owned Zuloaga property in Zacatecas State, Mexico.
ON BEHALF OF THE BOARD
Craig D. Schneider, President & CEO
Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release." The foregoing information may contain
forward-looking statements relating to the future performance of
Corex Gold Corp. Forward-looking statements, specifically those
concerned with future performance are subject to certain risks and
uncertainties, and actual results may differ materially. These
risks and uncertainties are detailed from time to time in Corex
Gold Corp.'s filings with the appropriate securities
commissions.
Corex Gold CorporationCraig SchneiderPresident &
CEO604.683.2505604.683.2506info@corexgold.comwww.corexgold.com
Corex Gold Corporation (TSXV:CGE)
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