Cheapest Gold play in the Market
Goldex is a good Buy.
Company has over $1 million in the bank
430,000 oz gold proven
Mcap less then $1.5 Milllion
I will add to this later,
See Technical Report
Technical Report Elato
see web site
https://www.goldex.ca/operations/guatemala/
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El Pato
El Pato is a gold vein target located within an emerging gold district in Eastern Guatemala. Recent exploration by several major and junior mining companies, including Glamis Gold, Gold Fields and Radius Explorations has highlighted the potential of the district, which lies in a tectonically active region between the Motagua and Jocotán Faults and marks the suture zone between the colliding North American and Caribbean Tectonic Plates.
El Pato has a prestigious legacy of discovery having first been first explored by the United Nations in the late 1980’s and early 1990’s. At that time, the UN made a historic inferred resource estimate of 430 000 oz Au. Goldex has recently completed phase one confirmation drilling and has made many valuable discoveries in addition to the high grade surface zones and historically explored areas. These discoveries range from extremely high grade float samples, to additional and previously unknown zones of mineralization.
The El Pato Project consists of two mineral exploration licenses which cover an area of approximately 126 square kilometers. The current El Pato Project Exploration Licences were granted to the 99% Goldex-owned Compañía Mineria el Cóndor, S.A. in October 2003 and March 2004. Royalties on the property consist of a 1% NSR is payable to the Mining Directorate of the Guatemalan Ministry of Energy and Mines and a US$1/ounce of gold produced royalty payable to El Condor Resources for the gold extracted from the El Pato Property.
Technical Report Elato