Goldex Continues Work at the El Pato Project, Guatemala



    VANCOUVER, April 27 /CNW/ - Goldex Resources Corporation (TSX-V: GDX)
(www.goldex.ca) high-grade gold float samples found in the Plan de Guineo
sector. The Company continues exploration to pinpoint the location and source
of the samples. The Au +Ag-Pb-Zn style of mineralization seen in the float
samples, if found "in place" could add significant value to the prospect.
Results of the Goldex sampling are found in the table below.

    
                    Summary of Float Sample Assay Results

    Plan de Guineo Sector

    Goldex Data:
    Sample id                 Au g/T        Sample id                 Au g/T
    39186                    114.992            39694                 26.022
    39684                     34.936            39695                 18.651
    39687                     22.080            39699                107.106
    39689                     20.914            39801                105.015
    39693                     44.948
    

    Also, Goldex is pleased to announce additional drilling results from its
El Pato Project in Guatemala. Results for the last two holes drilled as part
of the confirmation drilling in the main El Pato zone have now been received
and the Company will be in a position to report subsequent drill results in
the next two to three weeks.
    Drill holes GDX-06 and GDX-08 were drilled in the Cerrito West sector of
the main El Pato zone and tested within, or proximal to, blocks of gold
mineralization identified by previous holes drilled by the United Nations
(U.N.) and Guatemalan government (D.G.M.) during the period 1985 through 1991.
    Hole GDX-06 was drilled vertical and confirmed the presence of
mineralization within the block defined by United Nations holes DHP-25, DHP-26
and DHP-31. Hole GDX-08 was also drilled vertical and collard 30 meters to the
north of a mineralized block defined by United Nations holes DHP-02, DHP-03
and DHP-27. GDX-08 was designed to test for a mineralized structure that would
represent down-dip continuation to the north.
    Results of Goldex holes GDX-06 and GDX-08 and the previous United Nations
drilling are shown in the table below and the mineralized intervals reported
are "core intercept" lengths.

    
                 Summary Table of Drill Hole Mineralization

    Cerrito West Sector

    Goldex Data:
    Drill Hole id               from               to   interval (m)  Au g/T
    GDX-06                     81.25            97.75         16.50    1.718
    GDX-06 (includes)          90.77            92.75          1.98    8.399

    GDX-08                    126.20           132.55          6.35    1.222

    United Nations Data:
    Drill Hole id               from               to   interval (m)  Au g/T
    DHP-02                    109.71           117.03          7.32     9.97
    DHP-03                    161.04           162.38          1.34     8.67
    DHP-25                     91.18            92.84          1.66    11.93
    DHP-26                     93.20            96.78          3.58     5.14
    DHP-27                     98.80           104.65          5.85     6.63
    DHP-31                     93.35            95.00          1.65     6.14
    

    Gold mineralization at Cerrito West is hosted by north to
northeast-dipping low-angle planar silicified shear structures within a
regional granitic batholith. Four target areas or "sectors" make up the main
El Pato zone and from west to east are named Agua Zarca, Cerrito West, Cerrito
and Quebrada El Roque. A drill hole plan map showing the completed Goldex
drill holes and all previous U.N and DGM drilling can be viewed on the Goldex
website at (www.goldex.ca/projects/elpato/).
    Analytical work for the current exploration program is being done by BSI
Inspectorate of Reno, Nevada, an ISO certified lab, and all samples are
delivered to the BSI sample preparation lab in Guatemala City by Goldex.
    The qualified person for Goldex is Richard W. Bybee P.Geo. who is
responsible for the verification and quality assurance of the data set forth
in this release.

    Goldex Resources Corp. is a TSX.V listed junior resource company
exploring for gold in the Americas.

    Goldex Resources Corporation

    Submitted on behalf of the board of directors
    "Richard Bybee" P.Geo.

    Goldex's web site can be accessed at http://www.goldex.ca/.

    The TSX Venture Exchange has neither approved nor disapproved the
    contents hereof and does not accept responsibility for the adequacy or
    accuracy of this release.

    %SEDAR: 00003173E




For further information:

For further information: Jay Friesen, Manager, Corporate Development;
Melissa Pelto, Investor Relations, Tel. (604) 669-430, Email:
melissa@goldex.ca

Organization Profile

GOLDEX RESOURCES CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890