Corazon Identifies New High Grade Structure at Santo Domingo, Nicaragua, Drills 1.25m of 17.47 g/t Gold and Completes Phase O...
20 September 2011 - 3:30PM
Marketwired
Corazon Gold Corp. ("Corazon" or the "Company") (TSX VENTURE:
CGW)(OTCBB: RMZFF) is pleased to present further encouraging
results from the remaining 16 holes of its 29 hole, 4644 metre,
Phase One drill program, at the Santo Domingo gold property in
Central Nicaragua. The 6.5km2 Santo Domingo concession is situated
wholly within B2Gold's La Libertad property, containing the La
Libertad mine, and the new Jabali vein discovery, which lies
immediately to the south of Corazon's concession.
New Phase One Highlights
-- Drilling of newly tested Santo Domingo vein yields 1.25 metres of 17.47
g/t gold and 0.35 metres of 16.81 g/t gold.
-- Amparo zone returns 5.75 g/t gold over 2.4 metres including 0.3 metres
of 27.5 g/t gold.
-- Testing confirms three new zones with high-grade gold mineralization.
-- More than 7km of epithermal veins remain untested for Phase 2 drilling.
A map showing the current drill holes and various vein
structures is available at
http://www.corazongold.com/section.asp?pageid=16752.
Corazon President, Patrick Brauckmann, commenting on the results
stated, "The completion of Phase One drilling at Santo Domingo
confirms that gold mineralization is present in the many structures
tested. The newly drilled Santo Domingo vein is especially
encouraging as evidenced by the high-grade intercepts found in
Drill Holes SD-21 and SD-22. These two holes were drilled 600
metres apart along strike, and are the only holes drilled to date
in this 1.5 km long structure. The intercept of 27.5 g/t gold
encountered at Amparo is also very positive. Phase One drilling has
only tested approximately one half of the known veins at Santo
Domingo leaving substantial potential for additional discoveries.
The results clearly warrant further drilling, and a Phase Two drill
program is currently being planned. The Phase Two drilling will
step-out from the high-grade intercepts obtained in Phase One, and
also begin drilling untested structures on the property, which
total approximately 8 km's in combined strike length."
Table 1. Significant Phase One Drill Hole Intercepts
---------------------------------------------------------------------------
Intercept
----------------
Drill Hole Vein From To Interval Width(ii) Gold (g/t)
---------------------------------------------------------------------------
SD01-11(i) El Tigre 30.40 36.50 6.10 3.60
---------------------------------------------------------------------------
Incl. 34.40 36.50 2.10 6.57
---------------------------------------------------------------------------
Incl. 36.00 36.50 0.50 10.96
---------------------------------------------------------------------------
SD04-11(i) El Tigre 82.20 83.00 0.80 6.27
---------------------------------------------------------------------------
SD05-11(i) Amparo 37.75 38.90 1.15 1.82
---------------------------------------------------------------------------
SD06-11(i) Amparo 68.75 70.50 1.75 4.71
---------------------------------------------------------------------------
SD09-11(i) Las Nubes 130.40 130.55 0.15 7.24
---------------------------------------------------------------------------
SD10-11(i) San Gregorio 42.80 44.40 Encountered Mine Stopes
---------------------------------------------------------------------------
Incl. 44.40 45.10 0.70 2.49
---------------------------------------------------------------------------
Incl. 56.60 57.20 0.60 3.67
---------------------------------------------------------------------------
SD11-11(i) San Gregorio 80.70 84.60 Encountered Mine Stopes
---------------------------------------------------------------------------
SD12-11(i) San Gregorio 108.00 111.60 Encountered Mine Stopes
---------------------------------------------------------------------------
Incl. 113.70 114.70 1.00 4.15
---------------------------------------------------------------------------
SD13-11(i) San Sebastian 72.20 75.70 3.50 3.06
---------------------------------------------------------------------------
Incl. 72.20 73.30 1.10 6.11
---------------------------------------------------------------------------
SD16-11 San Sebastian 78.00 78.75 0.75 2.07
---------------------------------------------------------------------------
SD17-11 San Sebastian 109.00 115.00 6.00 1.23
---------------------------------------------------------------------------
SD18-11 San Sebastian 146.55 146.80 0.25 3.27
---------------------------------------------------------------------------
Incl. 151.35 153.00 1.65 2.81
---------------------------------------------------------------------------
SD19-11 Amparo 30.70 33.10 2.40 5.75
---------------------------------------------------------------------------
Incl. 32.80 33.10 0.30 27.50
---------------------------------------------------------------------------
Incl. 33.10 36.00 Encountered Mine Stopes
---------------------------------------------------------------------------
Incl. 36.00 37.70 1.70 2.30
---------------------------------------------------------------------------
SD20-11 Amparo 40.70 48.90 8.20 0.88
---------------------------------------------------------------------------
SD21-11 Sto. Domingo 68.65 69.00 0.35 16.81
---------------------------------------------------------------------------
Sto. Domingo 117.60 119.65 2.05 0.22
---------------------------------------------------------------------------
SD22-11 Sto. Domingo 121.70 122.95 1.25 17.47
---------------------------------------------------------------------------
SD24-11 San Gregorio 136.90 137.00 0.10 4.57
---------------------------------------------------------------------------
(i) Previously reported results on June 2, 2011
(ii) Interval widths reported are drilled width and may not represent true
width
Review of the Phase One results reveal that the veins are
dominated bybreccia textures containing angular rock fragments
enclosed in a quartz-chalcedony matrix. Colloform banded, vuggy,
comb-textured, and amethystine quartz are noted locally. Corazon is
the first company to drill the concession, and has to date, only
probed veins at shallow depths. Broader zones of quartz stockwork,
intersected in some of the shallow drill holes, may coalesce at
depth into a high-grade coherent feeder structure.
John C. Spurney, M.Sc. Geology is the Qualified Person for the
Santo Domingo project, as defined by National Instrument 43-101
("NI 43-101"), has reviewed and approved the contents of this news
release. Quality assurance and quality control procedures include
the systematic insertion of blanks, standards and duplicates into
all core samples submitted for assay. All samples were bagged and
sealed on-site, then securely stored temporarily at Corazon's field
office in Santo Domingo prior to transport by company personnel to
Inspectorate Exploration & Mining Services Ltd.'s preparation
facility in Managua, Nicaragua. From Managua, they were sent via
airfreight to Inspectorate's assay laboratory in Richmond, BC,
Canada. Samples are analyzed via 30 gram fire assay with AA finish.
Silver, base metals, and trace elements are analyzed as part of a
multi-element ICP package.
On Behalf of the Board of Directors, Corazon Gold Corp.
Patrick Brauckmann
Disclaimer for Forward-Looking Statements
Statements in this news release that are not historical facts
are forward-looking statements that are subject to risks and
uncertainties. Actual results may differ materially from those
currently anticipated. These forward-looking statements are made as
of the date of this news release and, except as required by
applicable laws, the Company assumes no obligation to update these
forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking
statements.
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.
Contacts: Corazon Gold Corp. Patrick Brauckmann President and
CEO (604) 629-9670 pb@corazongold.com Corazon Gold Corp. Tiffany
Tolmie Investor Relations (604) 629-9670 tiffany@corazongold.com
www.corazongold.com
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