Press release from Marketwire
Goldex Assays Multiple High Grade Gold/Silver Samples Up to 410 g/t Au from Northern Zones at El Pato
Wednesday, April 04, 2012
Goldex Assays Multiple High Grade Gold/Silver Samples Up to 410 g/t Au from Northern Zones at El Pato07:00 EDT Wednesday, April 04, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2012) -Goldex Resources Corporation (TSX VENTURE:GDX) ("Goldex" or the "Company") today announced further high grade gold and silver assays sampled from the newly explored Northern Zones at El Pato, its flagship property in Guatemala. The four areas sampled were El Poxte, El Jabillo, Plan de Guineo and El Pital. Surface samples were taken by Alejandro Cacao, Goldex's senior Guatemalan geologist and Steven Park, a qualified person as defined by National Instrument 43-101. These sectors lie roughly 1-2 km north and northeast of the principal zones of El Pato within a similar geological environment, namely granodiorite host rock with epithermal banded quartz veins that contain pyrite and arsenopyrite. Veins are 0.15m to 1.5m in true thickness and trend northwest to north-northwest with low dip angles (20-35 degrees) to the northeast. The samples taken show the presence of very high grade gold numbers as well as significant silver grades. Out of the 58 samples taken, eight reported grades higher than 100 g/t Au with the highest value at 410 g/t Au. The sheer number of high grade samples suggests an exciting region for exploration that has Goldex geological teams already drawing up plans for next stage programs in the area including a diamond drill program. Goldex will also continue exploration work on the principal sectors of the El Pato zone. Goldex's primary focus of recent exploration work has been on the principal zones of the El Pato area: Cerrito, Cerrito West, El Roque and Agua Zarca. Mr. Cacao had also taken reconnaissance rock chip samples in the Northern Zones during this time leading to the identification of several veins in the area. Mr. Park conducted sampling of his own in the Northern Zones during October 2011 which verified Mr. Cacao's previous sampling work. Assays are listed in the table below; those marked with an 'SP' denote Mr. Park's sampling while those marked with an 'AC' denote Mr. Cacao's. The 58 samples taken include both float and outcrop rock chips of which six samples showed no significant results and are not listed. Float samples are denoted by a sample number ending with 'F'.Sample #ThicknessLengthAu g/tAg g/tSampled byPlan de Guineo/El Pital* Sector152431.00NA0.036<0.1SP152440.800.800.8622.7SP152450.500.500.8764.2SP152460.801.0035.15441.7SP152471.50NA0.012<0.1SP152480.300.502.79511.2SP152422.214.171.124848.2SP397650.300.302.5373.5AC397661.001.001.40616.5AC397670.500.50302.119>200.0AC1000701.501.5012.000100.5AC100071FNANA240.475>200.0AC1000720.800.80110.809166.2AC1000730.400.4017.7647.2AC1000740.250.25342.919>200.0AC1000751.001.0034.662103.3AC123756NANA60.342>200.0AC1237570.500.504.83412.1AC123758NANA0.857<0.1AC1237600.500.500.9600.4AC1237620.300.30185.550>200.0AC1237630.400.40410.529>200.0AC1237781.001.000.4464.0AC123780FNANA0.9606.3AC123784FNANA0.069<0.1AC123785FNANA8.74327.2AC12378126.96.36.1991<0.1AC1237870.400.400.480<0.1AC123788FNANA3.4297.5AC123789FNANA0.1370.2ACSample #ThicknessLengthAu g/tAg g/tSampled byEl Poxte Sector150880.501.035.27816.3SP150891.200.71.098<0.1SP395770.150.15171.219184.8AC395780.300.300.1370.6AC395791.751.0039.35911.4AC395801.501.00129.18697.5AC395814.001.0039.22215.4AC395824.001.004.3204.0AC395832.001.000.0340.2AC398030.300.30290.84092.5AC398040.200.2093.18723.9ACEl Jabillo Sector150870.151.050.03518.4SP150911.500.60.2490.5SP152500.40NA1.1840.7SP392380.500.5068.91328.9AC392390.400.4031.67914.7AC392400.300.300.8911.0AC392410.500.5011.0058.6AC39439NA1.0010.2179.9AC39440NA1.000.7542.3AC39441NA1.002.1942.1AC39447NA1.009.8065.4AC39449NA1.000.6170.8AC394500.500.500.4801.5AC39451NA1.0046.97042.8AC39452NA1.002.6065.1AC39453NA1.000.8911.9ACAll samples were submitted to Inspectorate labs in Guatemala for preparation and then sent to Reno, an ISO certified lab for assay. Samples were assayed by utilizing 30 gram fire assays with a gravimetric finish for gold and four acid digestion with atomic absorption finish for Silver. Grab samples are selective and may not be representative of mineralization on the property. *Mr. Park did not sample in the El Pital area.This news release has been reviewed by Steven L. Park, P. Geo., a qualified person consistent with NI 43-101.Charles E. Ross, Director and President GOLDEX RESOURCES CORPORATION Update El Arco: Goldex is expecting the results from the recent 4000m RC program at EL Arco. Drill holes intercepted numerous quartz veins; the deepest holes reached 300m in depth. Drill chip samples are being analyzed for Au and Ag plus a 30-element package on the recommendation of the local Goldex geological team. About Goldex Resources Corp Goldex is a junior resources company exploring for gold in the Americas. A twelve hole drill program has recently been completed on the El Arco property. Goldex is in application for an Exploitation Licence at El Pato. Goldex also has rights to the La Chorrera property, also in Guatemala. Goldex is listed on the Toronto Venture Exchange (TSX VENTURE:GDX).For regular updates please email email@example.com using Goldex News in the title box. Forward-Looking Statements The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.FOR FURTHER INFORMATION PLEASE CONTACT: Anne RobertCHF Investor RelationsAccount Manager1firstname.lastname@example.orgNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.