Goldex Resources (TSX-V.GDX)
Shares Issued 48,377,958
Last Close September 30, 2008 $0.03
VANCOUVER, Oct. 1 /CNW/ -
Mr. Charles Ross reports
Goldex Resources Corporation is pleased to announce that initial
fieldwork, consisting of geologic mapping and surface sampling, has been
completed and assay results received from its Arco property in Durango,
The bulk of the surface outcrop sampling was completed in June, during
the first work period. Since then, the mapping has progressed outward from the
central zone of mineralization to peripheral areas where only a few veins
remain exposed. To date, 354 samples from the project have been delivered to
the Inspectorate sample preparation lab in Durango. Plotting of sample points
and vein structures, as an overlay to the geology map is in progress. Initial
results show gold values of greater than 0.50 g/t tend to group along the vein
structures, suggesting "ore shoots" that may become drill targets.
Of 354 samples taken from outcrops during the summer, 41 returned values
greater than 1.0 g/t Au, 15 are greater than 2.0 g/t Au, and 2 samples are
greater than 5 g/t Au. Also of interest are 40 samples indicating more than
10 g/t Ag, 10 samples indicating more than 30 g/t Ag and 4 samples indicating
more than 40 g/t Ag.
Goldex's Arco project, situated in Mexico's precious metals belt,
consists of two contiguous concessions which total 3,383.15 hectares. In 2007,
the Penoles La Cienega mine, which lies approximately 100 km to the west of El
Arco, produced approximately 139,000 oz gold, 993,000 oz silver, 8,000 tons
lead and 9,500 tons zinc.
Goldex is well funded to carry out this year's exploration and drilling
Goldex Resources Corporation is a junior exploration company exploring
for gold in the Americas. Goldex's strategically-focused operations highlight
prestigious properties, a world-class geology team and a global investment
Analytical work for the current exploration program is being done by
Inspectorate Laboratory of America in Reno, Nevada, an ISO certified lab, and
all samples are delivered to the Inspectorate sample preparation lab in
Durango by Goldex geologists.
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.
For further information:
For further information: Dan Audet, Corporate Development, Tel. (778)
989-7208, Email: email@example.com