I find this encouraging...no trouble for our neighbours raising funds ....their drilling continues. Some of their drills within 400 meters of FMG. Wouldn't surprise me if they have something to announce in a few weeks. I wonder if they ever followed up on their intention to do a couple of deeper holes....it would be interesting to see if the speculation that there is copper at a deeper level will hold up.

"Mr. Craig Schneider reports

COREX INCREASES AND CLOSES NON-BROKERED PRIVATE PLACEMENT OF $1,179,400

Corex Gold Corp. has increased the previously announced (July 14, 2011) private placement up to $1-million (3,333,333 units at 30 cents per unit) and has closed on 3,931,332 units at a price of 30 cents per unit for total gross proceeds of $1,179,400. Each unit consists of one common share and one-half of one share purchase warrant, each whole warrant exercisable by the holder to acquire one additional common share at a price of 45 cents for 12 months from closing. The warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of 50 cents for any 20-consecutive-trading-day period, subsequent to four months from closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular two-year expiry date and 30 days from the date the company advises the placees of the accelerated expiry.

Finders' fees of 7 per cent cash and 7 per cent warrants of the financing were paid in accordance with the policies of the exchange. Each finder's warrant entitles the holder to purchase one common share at a price of 45 cents per finder's share for a period of 12 months from closing of the financing for total cash payments of $74,515 and 248,383 finders' warrants.

The net proceeds from this private placement will be used for additional exploration on Corex's Santana project and for general working capital purposes.

In accordance with securities legislation currently in effect, the shares, the warrants and the warrant shares issued pursuant to the financing will have a restricted hold period of four months plus one day from the date of closing of the financing.

We seek Safe Harbor."