Teuton Resources Corp. press release
Goldex Continues Work at the El Pato Project, Guatemala
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VANCOUVER, April 27 /CNW/ - Goldex Resources Corporation (TSX-V: GDX) (www.goldex.ca) high-grade gold float samples found in the Plan de Guineo sector. The Company continues exploration to pinpoint the location and source of the samples. The Au +Ag-Pb-Zn style of mineralization seen in the float samples, if found "in place" could add significant value to the prospect. Results of the Goldex sampling are found in the table below.
Summary of Float Sample Assay Results
Plan de Guineo Sector
Goldex Data: Sample id Au g/T Sample id Au g/T 39186 114.992 39694 26.022 39684 34.936 39695 18.651 39687 22.080 39699 107.106 39689 20.914 39801 105.015 39693 44.948
Also, Goldex is pleased to announce additional drilling results from its El Pato Project in Guatemala. Results for the last two holes drilled as part of the confirmation drilling in the main El Pato zone have now been received and the Company will be in a position to report subsequent drill results in the next two to three weeks.
Drill holes GDX-06 and GDX-08 were drilled in the Cerrito West sector of the main El Pato zone and tested within, or proximal to, blocks of gold mineralization identified by previous holes drilled by the United Nations (U.N.) and Guatemalan government (D.G.M.) during the period 1985 through 1991.
Hole GDX-06 was drilled vertical and confirmed the presence of mineralization within the block defined by United Nations holes DHP-25, DHP-26 and DHP-31. Hole GDX-08 was also drilled vertical and collard 30 meters to the north of a mineralized block defined by United Nations holes DHP-02, DHP-03 and DHP-27. GDX-08 was designed to test for a mineralized structure that would represent down-dip continuation to the north.
Results of Goldex holes GDX-06 and GDX-08 and the previous United Nations drilling are shown in the table below and the mineralized intervals reported are "core intercept" lengths.
Summary Table of Drill Hole Mineralization
Cerrito West Sector
Goldex Data: Drill Hole id from to interval (m) Au g/T GDX-06 81.25 97.75 16.50 1.718 GDX-06 (includes) 90.77 92.75 1.98 8.399
GDX-08 126.20 132.55 6.35 1.222
United Nations Data: Drill Hole id from to interval (m) Au g/T DHP-02 109.71 117.03 7.32 9.97 DHP-03 161.04 162.38 1.34 8.67 DHP-25 91.18 92.84 1.66 11.93 DHP-26 93.20 96.78 3.58 5.14 DHP-27 98.80 104.65 5.85 6.63 DHP-31 93.35 95.00 1.65 6.14
Gold mineralization at Cerrito West is hosted by north to northeast-dipping low-angle planar silicified shear structures within a regional granitic batholith. Four target areas or "sectors" make up the main El Pato zone and from west to east are named Agua Zarca, Cerrito West, Cerrito and Quebrada El Roque. A drill hole plan map showing the completed Goldex drill holes and all previous U.N and DGM drilling can be viewed on the Goldex website at (www.goldex.ca/projects/elpato/).
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.
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 Corp. is a TSX.V listed junior resource company exploring for gold in the Americas.
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.
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