Corazon Initiates Drilling on Santo Domingo Property in Central Nicaragua
11 Febbraio 2011 - 5:41PM
Marketwired
Corazon Gold Corp. ("Corazon" or the "Company") (TSX VENTURE: CGW)
is pleased to announce it has begun a 3000 metre core drilling
program at its Santo Domingo property in central Nicaragua, located
10 kilometres east of B2Gold's La Libertad mine. Corazon has
contracted Rodio Swissboring Nicaragua to complete this first phase
of drilling.
Corazon's mapping and trenching at Santo Domingo identified a
mineral rich environment including 7 principal epithermal veins,
each exceeding 1 kilometre in length and 15 subsidiary veins, each
less than 1 kilometre in length that are gold mineralized at
surface. This system of braided and branching veins totals more
than 15 kilometres of cumulative strike, presenting numerous
targets for drilling and further exploration.
Local miners have been mining high-grade ore in the region for
over 200 years, and Santo Domingo has long been recognized as the
heart of Nicaragua's mining activities. While Santo Domingo has a
rich history in mining, the property has, until now, never been
drill tested. This first phase of drilling will be reconnaissance
in nature, designed to test, at depth, several of the numerous
gold-bearing zones identified at surface throughout the 650-hectare
property and will initially be directed toward the El Tigre,
Amparo, Las Nubes, Los Tubos and Oropendula mining zones.
To see a surface map of Santo Domingo, please click here:
http://corazongold.com/upload/satmap.jpg)
About Corazon
Corazon is a Canadian-based mineral exploration company with its
focus on the exploration of the 650-hectare Santo Domingo property
in central Nicaragua. The Santo Domingo property is located 125
kilometres northeast of the capital city of Managua, Nicaragua, and
10 kilometres east of B2Gold Corp.'s La Libertad Mine. Corazon's
property is entirely surrounded by B2Gold's concession block and
has long been recognized as the original gold discovery in
Nicaragua. The Santo Domingo - La Libertad area is a mining
friendly jurisdiction with B2Gold operating the largest mine (open
pit) in the country at La Libertad. Until Corazon, no modern
exploration work has been done on the Santo Domingo property.
ON BEHALF OF THE BOARD
Corazon Gold CORP.
Patrick Brauckmann, President
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. Words such as "expects", "intends", "plans", "may",
"could", "should", "anticipates", "likely", "believes" and words of
similar import also identify forward-looking statements.
Forward-looking statements in this news release include statements
that: (i) an ongoing trenching and sampling program is expected to
further delineate drill targets for an initial drilling program on
the Santo Domingo property; (ii) that numerous high quality drill
targets have been defined by the mapping and sampling program and
it is the Company's intent to prioritize and test these targets in
early 2011; and (iii) that the Company believes its relationship
with the community of Santo Domingo will be mutually beneficial
going forward. Actual results may differ materially from those
currently anticipated due to a number of factors beyond the
Company's control. These risks and uncertainties include, among
other things: (i) an inability by the Company to undertake or
complete its initial drilling program; (ii) any adverse occurrences
that prevent the Company from prioritizing and testing high quality
drill targets in early 2011; (iii) a breakdown in the relationship
between the Company and the community of Santo Domingo; (iv) a
downturn in economic conditions in Nicaragua or internationally;
(v) the inherent uncertainties and speculative nature associated
with mineral exploration; (vi) any number of events or causes which
may delay exploration and development of the Santo Domingo
property, such as environmental liabilities, weather, mechanical
failures, safety concerns and labour problems; (vii) an inability
by the Company to finance operations and growth; and (viii) other
factors beyond the Company's control. 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 (604)
609-6160
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