Goldex Resources Gains Permit Approval for Drill Program at El Arco, Mexico
23 Novembre 2011 - 3:30PM
Marketwired
Goldex Resources Corporation (TSX VENTURE:GDX) ("Goldex" or the
"Company") today reported receipt of permit approval for a 15,000m,
50 hole drill program consisting of both Core and RC drilling.
Management issued a press release in July of 2011 announcing a
phase one 4000m RC drill program at EL Arco as permits were
initially thought to be in hand. After a company led review of the
process the company discovered that an environmental permit would
be required from the relevant governmental agency, SEMARNAT. The
application was filed in September and after a site visit by
SEMARNAT on the 22nd of October and the subsequent processing
period authorities in Mexico granted the requisite permits which
pave the way to a commencement of drill operations at EL Arco.
In the meantime company management has been in constant contact
with prospective drill companies with the intention of signing a
contract as soon as permit approval was granted. As such a drill
contract and the subsequent commencement of activities at EL Arco
are expected to be announced shortly.
"We can now look forward to the commencement of our planned
drill program. We intend to push forward with our exploration of El
Arco and uncover the value of this exciting target", stated Goldex
President Chuck Ross.
The EL Arco property is located in the Mexican State of Durango
which is host to a number of illustrious neighbors and mines
including Great Panther Silver, with its 'Topia' Property and
Fresnillo PLC's 'La Cienega' mine, previously one of the largest
producing gold mines in Mexico. Goldex VP of exploration, Larry
Kornze, formally the regional manager of Mexico and Central America
for Barrick Gold has called EL Arco "The best undrilled property in
the America's" and was part of the geology team responsible for the
planning of the upcoming drill program.
CHARLES ROSS, President
GOLDEX RESOURCES CORPORATION
About Goldex Resources Corp
Goldex Resources Corporation is a TSX-listed (GDX) junior
resource company exploring for gold in the Americas. Led by
experienced resource professionals and a world class geological
team Goldex's operations include prestigious, strategically focused
projects in both Guatemala and Mexico.
For more information please visit: www.goldex.ca.
For regular updates please email stephanie@chfir.com using
Goldex News in the title box.
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 604.669.4300 604.909.4682
(FAX)toby@goldex.cawww.goldex.ca CHF Investor Relations Anne Robert
Account Manager 1-514-510-6338anne@chfir.com
Goldex Resources (TSXV:GDX)
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