Results coming.
Received a tip from a member of my fraternity. Results are coming. Based on what the bulk sample showed I am told to expect great things.
Goldex Resources Announces Sample Assay Results from the El Cerrito West Sector of Its El Pato Project in Guatemala
VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 18, 2011) – Goldex Resources Corporation (TSXV:GDX.V)(“Goldex” or the “Company”) today announced sample assay results fromthe El Cerrito West sector of its flagship El Pato property inGuatemala. A bulk sample was taken as part of ongoing geological work atEl Pato that compliments a 5000 meter drilling program currentlyunderway.
A single composite bulk sample was collected in the Cerrito WestSector where the 1.5 to 2-meter thick quartz vein is irregularlyexposed along a dip slope. Approximately 110 kilograms of quartz veinmaterial representing the typical El Pato style mineralization wascollated from four points along a 30-meter strike length of the vein atspoil piles from pre-existing dozer cuts. The sample was loaded into 95-gallon buckets and delivered to the Inspectorate sample lab inGuatemala City. Inspectorate labs arranged for shipment of the sampleto Kappes, Cassiday and Associates(i) (KCA) in Reno, Nevada where itwas received for assay and additional metallurgical testing.
The table below shows the 18 separate gold and silver assays asdetermined by the KCA metallurgical lab under the supervision of DanKappes, the resident QP. The bulk sample was collected under thesupervision of Goldex geologist Richard Bybee on the 8th April 2011.
KCA Sample No. Bucket No. Assay Assay-------------------------------------------------------------------------g/t Au g/t Ag------------------------------------ 48451 A 1 1 25.44 18.648451 B 2 2 22.59 18.048451 C 3 3 19.41 15.048451 D 4 4 27.50 23.648451 E 5 5 28.77 20.448451 F 6 6 51.60 29.448451 G 7 7 14.74 13.248451 H 8 8 32.61 23.848451 I 9 9 33.09 28.248451 A 10 1 25.10 19.448451 B 11 2 21.81 17.648451 C 12 3 20.07 14.948451 D 13 4 27.29 24.848451 E 14 5 29.08 20.848451 F 15 6 50.74 31.248451 G 16 7 18.07 13.648451 H 17 8 33.53 25.248451 I 18 9 34.18 27.4-------------------------------------------------------------------------Average 28.64 g/t Au 21.39 g/t Ag--------------------------------------------------------------------------------------------------------------------------------------------------
The results were compiled utilizing 30 gram fire assays with agravimetric finish for gold and four acid digestion with atomicabsorption finish for Silver.
These results show average grades of 28.64 g/t Au and 21.39 g/t Ag.
The sample results listed in the tables above show significantlevels of mineralization may be found in the area. The tests wereconducted as part of a larger program to provide the basis fordeveloping four areas for exploitation within the El Pato Project.
“These are very encouraging results in keeping with the generalgeology we are finding at El Pato and they bolster the explorationprogram currently underway” stated Goldex president Chuck Ross. ”Thisongoing sampling and trenching work goes hand in hand with our present5000 meter drilling program”.
The El Pato project is located in south-eastern Guatemala, 5kilometers west of the town of Chiquimula, the closest commercialcentre to the project and approximately 110 kilometers east ofGuatemala City. The project is accessible via paved road.
This news release has been reviewed and approved by Richard Bybee (P.Geo), a Qualified Person consistent with NI 43-101.
CHUCK ROSS, President