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Gold X Mining Corp. GLDXF

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 53,844 hectare (538 km2) 100% owned Upper Puruni Concession.


OTCQX:GLDXF - Post by User

Post by likeikeon Mar 09, 2021 12:24pm
107 Views
Post# 32753211

yep

yep

GoldX (GLDX-V) has a giant gold project in Guyana containing 7.35 million ounces of gold in the M&I category. There is an additional 3.15 million ounces in the inferred category. The company just completed a 10,000-meter drill program designed to expand the resource and to upgrade the inferred resource. It has begun an additional 10,000-meter drill program.

The deposit is big but low grade, about 1.01 g/t gold. But it is the cheapest call on gold in the marketplace. Guyana is an expensive country to do business in. It’s pretty primitive. That’s what held management back before Paul Matysek took over a year ago, adding Robert Friedland as CEO. I’ve known Paul Matysek for almost twenty years. He has an incredible line of successful companies behind him sold for a total of $2.8 billion.

If you believe the price of gold is headed higher as I do, the
GoldX ounces are about as cheap as you will ever find. They will be adding ounces and as you do, you reduce both cost of production and risk. Robert Friedland has an uncanny eye for picking up assets and that is a plus.

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