Gold X Mining Corp. GLDXF

Metals & Mining Industrial Metals & Minerals

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.

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Gold X Mining Corp.

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Post by mnyincrson Dec 09, 2009 9:42am

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Post# 16568150

NEWS!

Tremendous!
December 9, 2009 – SANDSPRING RESOURCES LTD. (SSP: TSX-V) (“Sandspring” or the
“Company”) is pleased to announce new drill results from the Toroparu gold-copper deposit in
the Republic of Guyana, South America. Assays from Hole TPD-036 average 1.76 g/t gold and
.09% copper over 103m, exceeding the average grade of the current resource at the western
edge of the current resource envelope. The results bear out the Company’s focus on extending
higher grade shoots identified within the current Toroparu mineral resource.
The Toroparu gold-copper deposit was independently modeled from three phases of historical
(2007/08) diamond drill results (TPD001-TPD029) by P&E Mining Consultants, Toronto as a
potentially open-pittable deposit with an NI 43-101 compliant Indicated mineral resource of
45,574,000 tonnes at 0.93 g/t gold and 0.164% copper containing 1,369,400 oz. gold and 164
million pounds copper or 1,992,600 ounces gold-equivalent* and additional Inferred
mineral resource of 36,800,000 tonnes 0.82 g/t gold and 0.13% copper containing 973,400
oz. gold and 105 million pounds copper or 1,372,500 ounces gold-equivalent* for a total of
3.36 million ounces gold-equivalent in all categories. The full NI 43-101 technical report may
be viewed at www.sedar.com as publicly disclosed by Sandspring on May 20, 2009, or on the
Company’s website.