Geodex Minerals Ltd.: Benjamin Copper-Molybdenum Project Drilling Underway Shortly
04 Febbraio 2014 - 5:00PM
Marketwired
Geodex Minerals Ltd.: Benjamin Copper-Molybdenum Project Drilling
Underway Shortly
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 4, 2014) -
Geodex Minerals Ltd. (TSX-VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") is
pleased to announce that its Benjamin Copper-Molybdenum Project
drill program will be underway shortly. Geodex completed Induced
Polarization and magnetometer surveys in December in order to more
fully define anomalies outlined through previous work. The primary
target area within the Benjamin Project is approximately 1.5 square
kilometers and is defined by glacial ice direction data and local
geology, integrated with prospecting, soil sampling and geophysical
surveys.
The Benjamin Project is a porphyry copper-molybdenum target
located approximately 60 km northwest of Bathurst, New Brunswick.
It is an area of extensive glacial till cover. Detailed maps of the
Benjamin target area and anomalies are available on the Geodex
website at www.geodexminerals.com. The drill is targeting areas
which have been selected by the recently completed Induced
Polarization and magnetometer surveys complemented by the earlier
geophysical and geochemical work. The drill targets have copper and
molybdenum soil anomalies. Geodex also believes the targets have
the potential to host tungsten and/or tin mineralization based on
the geological setting as well as limited historical exploration in
the area.
Geodex completed the South Dungarvon Tin Project drill program
in December. Drill core logging and sample preparation were
completed after a Christmas break for submission to the laboratory
for analysis. Three holes and a total of 290 metres were
completed.
Geodex was able to carry out the Benjamin and South Dungarvon
Project programs with the assistance of a grant of $40,000 from the
New Brunswick Department of Energy and Mines. The grant is through
the Junior Mining Assistance Program. Geodex appreciates the
support from the New Brunswick government, which has contributed
towards Geodex's capacity to conduct continued exploration work
during difficult market conditions.
Geodex has returned the Pabineau molybdenum project to the
vendor. After evaluating Pabineau prospecting and geochemical
results from its fall exploration program, Geodex has decided it
will focus on its Benjamin and South Dungarvon projects. Geodex's
disclosure of a technical or scientific nature in this press
release has been reviewed and approved by David Martin, P.Geol.,
Geodex's Vice-President, New Brunswick Operations, who acts as the
qualified person under the definition of National Instrument
43-101.
About Geodex
Geodex is a mineral resource company focused on New Brunswick,
Canada. Geodex has continued to actively develop its exploration
portfolio focused on the discovery of base and critical metals in
New Brunswick. Geodex has operated for a decade in New Brunswick
where it has had a number of discovery and development successes
including Sisson and Mount Pleasant West.
ON BEHALF OF THE BOARD OF DIRECTORS
GEODEX MINERALS LTD.
Mark Fields, President & CEO
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.
Forward-Looking
Statement
Certain information regarding the Company contained in this
press release may constitute forward-looking statements within the
meaning of applicable securities laws. Forward-looking statements
may include estimates, plans, opinions, forecasts, projections or
other statements that are not statements of fact. Although the
Company believes that expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct. The Company
cautions that actual performance will be affected by a number of
factors, many of which are beyond the Company's control, and that
future events and results may vary substantially from what the
Company currently foresees.
Geodex Minerals Ltd.Investor Relations(604) 689-7771 or Toll
free: 1-888-999-3500(604)
689-5528info@GeodexMinerals.comwww.GeodexMinerals.com
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