Goldex Resources receives assay results from outcrops samples in Mexicoadmin
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, Mexico.
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 programs.
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 following.
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.