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Goldex Resources Corp V.GDX

Alternate Symbol(s):  GDXRF

Goldex Resources Corporation is a Canada-based junior resource company exploring and developing gold properties. The Company is engaged in the acquisition and exploration of gold exploration and evaluation assets. It owns 100% of the mineral title and rights to explore and extract minerals from a mineral property known as the El Pato Property in Guatemala. The El Pato Project is located in south-eastern Guatemala, five kilometers (kms) west of the town of Chiquimula and approximately 110 km east of Guatemala City. The Project consists of two mineral exploration licenses which cover an area of approximately 126 square kilometers. The Cerro Las Minas Property is located contiguous to the El Pato property in the eastern Department of Chiquimula, within the southeastern part of the Republic of Guatemala, Central America. Its wholly owned subsidiaries include Compania Minera El Condor S.A (Minera), Union de Oriente, Sociedad Anonima and El Pato Gt, S.A, (El Pato Gt).


TSXV:GDX - Post by User

Bullboard Posts
Post by stockswiperon Oct 20, 2011 4:31pm
266 Views
Post# 19168118

VERY STABLE AT .06

VERY STABLE AT .06 Pretty much at the bottom here, on the T.A. side, it sure is consolidating here and the markets are really bad for gold stocks in general with gold retreating to new lows. 1550$ is somewhat of a key support lately and if the price of gold goes lower, then we could see another spree of selling before we even see the next round of buying. Finally last week's rumor about all permits being on board is still going strong. although, we are running behind the scheduled start of the drilling campain at El Arco which was supposed to start in mid august 2011. I wonder if the rain season in the recent days has affected the operations in El Pato? If our S.P. goes south, I will certainly buy and beef up my lofty position. Seems like no one is willing to sell at these levels. The next run will indeed be interesting. GLTA and be sure to make your DD. I know I did.
Bullboard Posts