StockGuru Shines its Spotlight on Corazon Gold Corp. (TSX VENTURE: CGW)(OTCBB: RMZFF) Upon Results from Phase One Drill Program in Central Nicaragua — September 21, 2011

StockGuru Shines its Spotlight on Corazon Gold Corp. (TSX VENTURE: CGW)(OTCBB: RMZFF) Upon Results from Phase One Drill Program in Central Nicaragua — September 21, 2011

(Dallas, TX. – September 21, 2011) StockGuru Shines its Spotlight on Corazon Gold Corp. (TSX VENTURE:CGW)(OTCBB:RMZFF).  The Company announced yesterday 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.  The Company closed on September 20, 2011, at $0.33, trading in a fifty-two week range of $1.1164 – 0.3524.

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

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
Drill Hole Vein From To Interval Width** Gold (g/t)
SD01-11* 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* El Tigre 82.20 83.00 0.80 6.27
SD05-11* Amparo 37.75 38.90 1.15 1.82
SD06-11* Amparo 68.75 70.50 1.75 4.71
SD09-11* Las Nubes 130.40 130.55 0.15 7.24
SD10-11* 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* San Gregorio 80.70 84.60 Encountered Mine Stopes
SD12-11* San Gregorio 108.00 111.60 Encountered Mine Stopes
Incl. 113.70 114.70 1.00 4.15
SD13-11* 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
* Previously reported results on June 2, 2011
** 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.


To view this StockGuru Spotlight, please visit:

To get free alerts on this and other similar stocks, please register here:

What is the StockGuru Spotlight?

Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.

StockGuru looks for potential break-out candidates in The StockGuru Spotlight.  Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage.  There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below.   StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.

To feature a company in The StockGuru Spotlight please contact the Publisher at  If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile.  Please contact the StockGuru Publisher John Pentony at this email address: (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions.  SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage.  When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present.  Additionally SG also discloses any anticipated compensation in the future.  Compensation is typically in cash.  Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.

John Pentony, Publisher,

Tel: +1 469 252 3031