Goldex Resources Announces Trench Assays of 19.34 g/t Au Over 3.20 Metres and 15.25 g/t Au Over 4.10m from the El Cerrito Sec...
29 Novembre 2011 - 11:00AM
Marketwired
Goldex Resources Corporation (TSX VENTURE:GDX) ("Goldex" or the
"Company") today announced sample assay results from the El Cerrito
sector of its flagship El Pato property in Guatemala. Samples were
taken as part of ongoing geological work at El Pato over the Summer
and Fall of 2011.
The reported samples were collected from trenches in the El
Cerrito Zone at El Pato, where the strike length of the vein
through the El Cerrito zone runs to almost 400 meters with much of
this length trenched and sampled. Where exposed, the samples
exhibit the expected style of high-grade mineralization. The
sampled mineralized intervals of up to 5.1m in width contain
irregularly exposed quartz veins up to 2.0 metres or more, with
grades of up to 81.9 g/t Au, as well as mineralized wallrock with
grades of up to 23.3 g/t Au.
Directly within this zone, a total of 78 channel samples ranging
between 5 and 9 kilograms were taken from both the vein and
adjacent wallrock by Goldex geologist Edward Wells, a Qualified
Person consistent with NI 43-101. Channel samples were cut
perpendicularly across the vein structure as best as was possible.
These samples were subsequently analyzed by the Inspectorate
Laboratory in Reno, Nevada for gold.
Seven of the 78 channel samples were sent to Kappes, Cassiday
and Associates(i) (KCA) in Reno, Nevada for additional
metallurgical testing by flotation method. These results, when
compiled, will be the subject of a future news release. The
remaining 71 channel samples are being used as estimation for the
general bulk values of the El Cerrito zone with the highlights
referenced in the subsequent table. The table lists highlighted
assay grades of the individual samples as well as a weighted
average of 19 continuous vertical intervals where appropriate. Note
that significant gold values were also obtained in many of the
adjacent Wallrock zones.
Weighted
Average
Grade
Total over
Vein Metres Vertical
Sample Au or Vertical Width Vertical Interval
ID g/t Wallrock Interval (m) Interval (g/t Au)
----------------------------------------------------------------------------
15102 12.20 V 1.0 - 1.22 0.22 1.12 @ 2.40
15103 1.53 WR 1.22 - 2.12 0.90
----------------------------------------------------------------------------
15105 41.85 V 0 - 1.30 1.30 2.30 @ 23.65
15106 6.09 WR 1.30 - 2.30 1.00
----------------------------------------------------------------------------
15108 19.57 V 1.00 - 1.62 0.62 1.15 @ 15.18
15109 8.99 WR 1.62 - 2.07 0.45
15110 15.95 V 2.07 - 2.15 0.08
----------------------------------------------------------------------------
15113 4.64 V 1.00 - 1.80 0.80 0.80 @ 4.64
----------------------------------------------------------------------------
15121 5.47 WR 0 - 1.00 1.00 2.10 @ 5.17
15122 4.90 V 1.00 - 2.10 1.10
----------------------------------------------------------------------------
15130 6.73 V 1.00 - 1.40 0.40 4.10 @ 15.25
15131 1.35 WR 1.40 - 1.90 0.50
15132 5.66 V 1.90 - 2.10 0.20
15133 23.35 WR 2.10 - 2.90 0.80
31.54 V 2.90 - 4.10 1.20
15135 1.49 WR 4.10 - 5.10 1.00
----------------------------------------------------------------------------
15136 3.12 WR 0 - 1.90 1.90 1.90 @ 3.12
----------------------------------------------------------------------------
15138 4.52 WR 0 - 1.90 1.90 1.90 @ 4.52
----------------------------------------------------------------------------
15142 81.93 V 1.55 - 2.25 0.70 1.60 @ 49.27
15143 23.87 WR 2.25 - 3.15 0.90
----------------------------------------------------------------------------
15144 62.92 V 0 - 0.70 0.70 0.70 @ 62.92
----------------------------------------------------------------------------
15181 10.73 WR 0 - 1.60 1.60 1.60 @ 10.73
----------------------------------------------------------------------------
15188 7.81 V 1.20 - 2.10 0.90 0.90 @ 7.81
----------------------------------------------------------------------------
15191 6.33 V 1.50 - 1.77 0.27 2.37 @ 15.92
15192 0.34 WR 1.77 - 2.77 1.00
15193 32.45 V 2.77 - 3.87 1.10
----------------------------------------------------------------------------
15196 3.87 WR 0.90 - 2.10 1.20 3.20 @ 19.34
15198 28.62 V 2.10 - 4.10 2.00
----------------------------------------------------------------------------
15201 3.52 WR 0.90 - 2.60 1.70 3.90 @ 2.84
15202 0.25 WR 2.60 - 4.60 2.00
15203 23.07 V 4.6 - 4.80 0.20
----------------------------------------------------------------------------
15204 12.73 V 0 - 0.50 0.50 0.50 @ 12.73
----------------------------------------------------------------------------
15215 3.34 WR 1.40 - 3.40 2.00 2.00 @ 3.34
----------------------------------------------------------------------------
15219 3.13 V 1.20 - 3.00 1.80 1.80 @ 3.13
----------------------------------------------------------------------------
15222 2.65 WR 0 - 0.50 0.50 0.50 @ 2.65
----------------------------------------------------------------------------
From 78 samples taken, 35 graded less than 0.5 g/t Au, while 43 graded
between 0.5 and 81.9 g/t Au. The weighted average grade of all samples taken
was 6.48 g/t Au.
Results were collected from gold by fire assay with an AA finish performed
by Inspectorate Labs located in Reno, Nevada. Samples were shipped from
Inspectorate Labs in Guatemala City after being transported there from the
El Pato site by the Goldex geological team.
The sample results listed in the information above show
significant levels of mineralization exist in the El Cerrito zone.
These tests were conducted as part of a larger continuing program
to provide the basis for the high grade surface zone mining plans
that Goldex intends to put in place at El Pato.
"The trenching results confirm the presence of high grade
mineralization in vein structures, as well as mineralized wallrock
material that can be found adjacent and between the stacked or
sheeted veins. This is significant from an economic point of view
as any future production would be able to mine widths beyond the
thickness of the veins present and significantly reduce waste rock
material. We believe there to be a number of high grade zones
evident at El Pato and our exploration work continues to be focused
on defining the size and nature of the resource at hand," stated
Goldex President Chuck Ross.
The El Pato project is located in south-eastern Guatemala, 10
kilometres west of the town of Chiquimula, the closest commercial
centre to the project and approximately 110 kilometres east of
Guatemala City. The project is accessible via paved road.
CHUCK ROSS, President
GOLDEX RESOURCES CORPORATION
This news release has been reviewed and approved by Edward Wells
(P.Geo), a Qualified Person consistent with NI 43-101.
About Goldex Resources
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: CHF Investor Relations Anne Robert Account Manager
1-514-510-6338anne@chfir.com
Grafico Azioni Goldex Resources (TSXV:GDX)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Goldex Resources (TSXV:GDX)
Storico
Da Giu 2023 a Giu 2024
