Silver North Resources Ltd. press release
Goldex Hits 5.85 m of 4.86 gpt Gold Drilling at the El Pato Project
TSXV - TSX Venture Exchange · Silver · Gold · Lead · Zinc · Copper · Canada
VANCOUVER, Jan. 23 /CNW/ - Goldex Resources Corporation (TSX-V: GDX) (http://www.goldex.ca) is pleased to announce results from the first two drill holes completed at its El Pato project, Guatemala.
Drill holes GDX-01 and GDX-02 were drilled in the area of previous drilling by the United Nations and the DGM (Guatemala Government Ministry of Mines) during the period 1985 through 1991. This area, referred to as the Principle Sectors, consists of a zone of low-angle planar silicified shear structures hosted in a regional granitic batholith.
Four target areas or "sectors" make up the zone and from west to east are named Agua Zarca, Cerrito West, Cerrito and Quebrada El Roque. The Goldex drill sites were selected based on results of the earlier drilling and are designed to text within blocks of mineralization as defined by the United Nations. An interactive drill hole map showing the completed and planned Goldex drill sites and all previous U.N. and DGM drilling can be viewed on the Goldex website at http://www.goldex.ca.
In the Quebrada El Roque sector, GDX-01 confirmed the presence of mineralization between DGM holes PD-15, PD-19 and PD-20A. Results of the previous drilling and Goldex GDX-01 are shown in the table below.
In the Cerrito sector, GDX-02 confirmed the presence of mineralization within the block defined by U.N. holes DHP-14, DHP-15 and DHP-17. Results of the previous drilling and Goldex hole GDX-02 are shown in the table below.
These drill results are the first of numerous holes to be released over
the following weeks and months.
Summary Table of Drill Hole Mineralization
Quebrada El Roque Sector
Drill Hole ID from to interval(m) Au g/T Past Drill Program PD-15 24.87 25.72 0.85 6.07 PD-19 36.46 37.22 0.76 22.41 PD-19 40.77 42.06 1.29 10.51 PD-20A 52.06 53.87 1.81 20.81 Goldex Drill Program GDX-01 33.45 34.30 0.85 6.02 GDX-01 132.60 134.10 1.50 7.06 (new discovery vein)
Cerrito Sector
Drill Hole ID from to interval(m) Au g/T Past Drill Program DHP-14 30.45 34.20 3.75 5.36 DHP-15 21.00 21.75 0.75 25.20 DHP-17 6.00 6.60 0.60 16.05 Goldex Drill Program GDX-02 14.00 15.00 1.00 4.60 GDX-02 69.50 75.35 5.85 4.86
Analytical work for the current exploration program is being done by BSI Inspectorate of Reno, Nevada, an ISO certified lab, and all samples are delivered to the BSI sample preparation lab in Guatemala City by Goldex geologists.
The qualified person for Goldex is Richard W. Bybee P.Geo. who is responsible for the verification and quality assurance of the data set forth in this release.
Goldex Resources Corporation
Submitted on behalf of the board of directors
"Richard Bybee" P.Geo.
Goldex's web site can be accessed at http://www.goldex.ca/.
The TSX Venture Exchange has neither approved nor disapproved the
contents hereof and does not accept responsibility for the adequacy or
accuracy of this release.