Patagonia Gold Corp press release
Goldex Resources Signs Contract With Eagle Mapping To Fly Land Positions in Mexican Gold and Silver Belt
TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Antimony · Canada
Goldex Resources (C:GDX)
Shares Issued 48,377,958
Last Close February 18th, 2008 $0.10
VANCOUVER, Feb. 19 /CNW/ -
Mr. Jay Friesen reports
EXPLORATION UPDATE
Goldex Resources Corporation is pleased to announce that it has contracted Eagle Mapping of Vancouver B.C. to complete an othophotographic survey of its Arco I and Arco II properties located near the historic silver, lead and zinc district of Tejamen, Durango State, Mexico.
Topographic base maps generated from this work will provide important information for the following phase of geological mapping and geochemical sampling programs that are expected to quickly identify drill targets.
The Arco II ground, situated adjacent to the Arco I property optioned in early 2007, was acquired on January 29th 2008. This increased the area Goldex has under exploration and development in Mexico from 463 to 3,381 hectares. The Penoles La Cienega mine which in 2005 produced 1600 t/d at 7.58 g/Au, 112 g/t Ag and 3.66% Pb/Zn lies 100km to the west.
Goldex is well funded to carry out this year's exploration and drilling programs.
Goldex Resources Corporation is a junior exploration 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.
Jay Friesen
Manager, Corporate Development