Patagonia Gold Corp press release
Goldex Resources Successfully Flies Land Positions in Mexican Gold and Silver Belt With Eagle Mapping
TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Antimony · Canada
Goldex Resources (C:GDX)
Shares Issued 48,377,958
Last Close February 28th, 2008 $0.10
VANCOUVER, Feb. 29 /CNW/ -
Mr. Jay Friesen reports
EXPLORATION UPDATE
Goldex Resources Corporation is pleased to announce that the contract with Eagle Mapping of Vancouver B.C. to complete an orthophotographic survey of its Arco I and Arco II properties has been successfully completed.
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 17th 2008. This increases the area Goldex has under exploration in Mexico from 463 to 3,381 hectares.
In 2007 the Penoles La Cienega mine, which lies approximately 100 km to the west of El Arco, produced 4.4 million oz gold, 31 million oz silver, 7.9 million oz lead and 9.5 million oz zinc.
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