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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Comment by u8fishon Mar 23, 2011 4:39am

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Post# 18326219

RE: Don't argue think...

I agree goldmember. The mgmt is good and they took a different approach to some. Instead of drilling the crap out of the property until they can delineate a massive resource and in turn produce a larger NPV in the PEA, they chose to drill the property; get the resource estimate; and PEA out quickly. This is a very young project. I like they git er done approach. Might as well get a potential mine going while the price of gold is hot. No use taking years to prove out a big resource and then lose out on the high commodity prices. These guys have it figured out and they will continue to prove out the resource...while they are mining. Let's hope for Enviro approval asap.
GLTA

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