Goldex Resources Announces Sample Assay Results from the El Cerrito West Sector of Its El Pato Project in Guatemala
18 Mai 2011 - 3:30PM
Marketwired
Goldex Resources Corporation (TSX VENTURE: GDX) ("Goldex" or the
"Company") today announced sample assay results from the El Cerrito
West sector of its flagship El Pato property in Guatemala. A bulk
sample was taken as part of ongoing geological work at El Pato that
compliments a 5000 meter drilling program currently underway.
A single composite bulk sample was collected in the Cerrito West
Sector where the 1.5 to 2-meter thick quartz vein is irregularly
exposed along a dip slope. Approximately 110 kilograms of quartz
vein material representing the typical El Pato style mineralization
was collated from four points along a 30-meter strike length of the
vein at spoil piles from pre-existing dozer cuts. The sample was
loaded into 9 5-gallon buckets and delivered to the Inspectorate
sample lab in Guatemala City. Inspectorate labs arranged for
shipment of the sample to Kappes, Cassiday and Associates(i) (KCA)
in Reno, Nevada where it was received for assay and additional
metallurgical testing.
The table below shows the 18 separate gold and silver assays as
determined by the KCA metallurgical lab under the supervision of
Dan Kappes, the resident QP. The bulk sample was collected under
the supervision of Goldex geologist Richard Bybee on the 8th April
2011.
KCA Sample No. Bucket No. Assay Assay
-------------------------------------------------------------------------
g/t Au g/t Ag
------------------------------------
48451 A 1 1 25.44 18.6
48451 B 2 2 22.59 18.0
48451 C 3 3 19.41 15.0
48451 D 4 4 27.50 23.6
48451 E 5 5 28.77 20.4
48451 F 6 6 51.60 29.4
48451 G 7 7 14.74 13.2
48451 H 8 8 32.61 23.8
48451 I 9 9 33.09 28.2
48451 A 10 1 25.10 19.4
48451 B 11 2 21.81 17.6
48451 C 12 3 20.07 14.9
48451 D 13 4 27.29 24.8
48451 E 14 5 29.08 20.8
48451 F 15 6 50.74 31.2
48451 G 16 7 18.07 13.6
48451 H 17 8 33.53 25.2
48451 I 18 9 34.18 27.4
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Average 28.64 g/t Au 21.39 g/t Ag
-------------------------------------------------------------------------
-------------------------------------------------------------------------
The results were compiled utilizing 30 gram fire assays with a
gravimetric finish for gold and four acid digestion with atomic
absorption finish for Silver.
These results show average grades of 28.64 g/t Au and 21.39 g/t
Ag.
The sample results listed in the tables above show significant
levels of mineralization may be found in the area. The tests were
conducted as part of a larger program to provide the basis for
developing four areas for exploitation within the El Pato
Project.
"These are very encouraging results in keeping with the general
geology we are finding at El Pato and they bolster the exploration
program currently underway" stated Goldex president Chuck Ross.
"This ongoing sampling and trenching work goes hand in hand with
our present 5000 meter drilling program".
The El Pato project is located in south-eastern Guatemala, 5
kilometers west of the town of Chiquimula, the closest commercial
centre to the project and approximately 110 kilometers east of
Guatemala City. The project is accessible via paved road.
This news release has been reviewed and approved by Richard
Bybee (P.Geo), a Qualified Person consistent with NI 43-101.
CHUCK ROSS, President
GOLDEX RESOURCES CORPORATION
For regular updates please email stephanie@chfir.com using
Goldex News in the title box.
(i)Kappes, Cassiday & Associates (KCA) specializes in the
development, engineering and implementation of extractive
metallurgical processes for the mining industry. Since 1972, we
have been known for our expertise in gold/silver heap leaching. Our
staff of over 70 people includes more than 20 process engineers and
25 laboratory personnel who have a broad range of practical
experience including copper leaching and recovery, flotation and
gravity concentration, and development of complex
hydrometallurgical flow sheets. http://www.kcareno.com/
Forward-Looking Statements
The forward-looking statements contained herein are expressly
qualified in their entirety by this cautionary statement. The
forward-looking statements included in this document are made as of
the date of this document and the Company disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities legislation.
Although Management believes that the expectations represented in
such forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. This
news release does not constitute an offer to sell or solicitation
of an offer to buy any of the securities described herein.
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: Goldex Resources Corporation Suite 2110 - 1177 West
Hastings Street Vancouver, BC, Canada (604) 669-4300 (604) 681-5259
(FAX) len@goldex.ca www.goldex.ca CHF Investor Relations Anne
Robert Account Manager 514.510.6338 anne@chfir.com
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