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Goldex Assays Multiple High Grade Gold/Silver Samples Up to 410 g/t Au
from Northern Zones at El Pato
Click Here for a Free Real-time Stock Quote on TSX-V: GDX
VANCOUVER, BRITISH COLUMBIA--(April 4, 2012) - Goldex Resources Corporation (TSX VENTURE:GDX) ("Goldex" or the "Company") today announced further high grade gold and silver assays sampled from the newly explored Northern Zones at El Pato, its flagship property in Guatemala.
The four areas sampled were El Poxte, El Jabillo, Plan de Guineo and El Pital. Surface samples were taken by Alejandro Cacao, Goldexs senior Guatemalan geologist and Steven Park, a qualified person as defined by National Instrument 43-101. These sectors lie roughly 1-2 km north and northeast of the principal zones of El Pato within a similar geological environment, namely granodiorite host rock with epithermal banded quartz veins that contain pyrite and arsenopyrite. Veins are 0.15m to 1.5m in true thickness and trend northwest to north-northwest with low dip angles (20-35 degrees) to the northeast.
The samples taken show the presence of very high grade gold numbers as well as significant silver grades. Out of the 58 samples taken, eight reported grades higher than 100 g/t Au with the highest value at 410 g/t Au. The sheer number of high grade samples suggests an exciting region for exploration that has Goldex geological teams already drawing up plans for next stage programs in the area including a diamond drill program. Goldex will also continue exploration work on the principal sectors of the El Pato zone.
Goldexs primary focus of recent exploration work has been on the principal zones of the El Pato area: Cerrito, Cerrito West, El Roque and Agua Zarca. Mr. Cacao had also taken reconnaissance rock chip samples in the Northern Zones during this time leading to the identification of several veins in the area. Mr. Park conducted sampling of his own in the Northern Zones during October 2011 which verified Mr. Cacaos previous sampling work.
Assays are listed in the table below; those marked with an SP denote Mr. Parks sampling while those marked with an AC denote Mr. Cacaos. The 58 samples taken include both float and outcrop rock chips of which six samples showed no significant results and are not listed. Float samples are denoted by a sample number ending with F.
Sample #
Thickness
Length
Au g/t
Ag g/t
Sampled by
Plan de Guineo/El Pital* Sector
15243
1.00
NA
0.036
<0.1
SP
15244
0.80
0.80
0.862
2.7
SP
15245
0.50
0.50
0.876
4.2
SP
15246
0.80
1.00
35.154
41.7
SP
15247
1.50
NA
0.012
<0.1
SP
15248
0.30
0.50
2.795
11.2
SP
15249
0.20
0.20
4.408
48.2
SP
39765
0.30
0.30
2.537
3.5
AC
39766
1.00
1.00
1.406
16.5
AC
39767
0.50
0.50
302.119
>200.0
AC
100070
1.50
1.50
12.000
100.5
AC
100071
F
NA
NA
240.475
>200.0
AC
100072
0.80
0.80
110.809
166.2
AC
100073
0.40
0.40
17.76
47.2
AC
100074
0.25
0.25
342.919
>200.0
AC
100075
1.00
1.00
34.662
103.3
AC
123756
NA
NA
60.342
>200.0
AC
123757
0.50
0.50
4.834
12.1
AC
123758
NA
NA
0.857
<0.1
AC
123760
0.50
0.50
0.960
0.4
AC
123762
0.30
0.30
185.550
>200.0
AC
123763
0.40
0.40
410.529
>200.0
AC
123778
1.00
1.00
0.446
4.0
AC
123780
F
NA
NA
0.960
6.3
AC
123784
F
NA
NA
0.069
<0.1
AC
123785
F
NA
NA
8.743
27.2
AC
123786
0.25
0.25
0.411
<0.1
AC
123787
0.40
0.40
0.480
<0.1
AC
123788
F
NA
NA
3.429
7.5
AC
123789
F
NA
NA
0.137
0.2
AC
Sample #
Thickness
Length
Au g/t
Ag g/t
Sampled by
El Poxte Sector
15088
0.50
1.0
35.278
16.3
SP
15089
1.20
0.7
1.098
<0.1
SP
39577
0.15
0.15
171.219
184.8
AC
39578
0.30
0.30
0.137
0.6
AC
39579
1.75
1.00
39.359
11.4
AC
39580
1.50
1.00
129.186
97.5
AC
39581
4.00
1.00
39.222
15.4
AC
39582
4.00
1.00
4.320
4.0
AC
39583
2.00
1.00
0.034