Patagonia Gold Corp press release
Goldex Resources increases land position in Mexican Gold and Silver Belt
TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Antimony · Canada
VANCOUVER, Jan. 18 /CNW/ - Goldex (TSX-V: GDX) increases land position in Mexican gold belt. Goldex Resources has increased its land position in the highly mineralized Central Plateau Gold and Silver Belt of Durango State in Mexico.
Arco II, is located near the the historic silver, lead and zinc district of Tejamen in Durango State and counts among its many notable neighbours the Penoles La Cienga mine which in 2005 produced 1600 t/d at 7.58 g/Au, 112 g/t Ag and 3.66% Pb/Zn. Arco II is contiguous to the property which the company optioned at the beginning of 2007 and brings the total area under exploration up from 463 to 3,381 hectares. This is an exciting development for Goldex Resources because it dramatically increases the company's ability to control its exploration and development activities in the area.
Goldex anticipates flying the property to generate a topographic base map and aerial orthophotos before spring, and then conducting a program of sampling and surface geology mapping from which the Company geologists believe they will be able to quickly identify drill targets.
Goldex Resources Corporation is a junior gold mining company exploring for gold in the Americas. Goldex's strategically-focused operations highlight prestigious properties, a world-class geology team and a global investment following.
Goldex's web site can be accessed at www.goldex.ca
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