800 WEST PENDER STREET, SUITE 450
VANCOUVER
British Columbia
Canada,
V6C 2V6
Phone: +1 (604) 689-7771
Fax: +1 (604) 689-5528
|
|
Developing Advanced Tungsten/Molybdenum Resources in Canada
Geodex Minerals Ltd. (TSX.V: GXM) is a Canadian-based resource company focused on the exploration and development of two significant property areas in New Brunswick, Canada. Its flagship project, Sisson Brook, has a superior open-pittable structure with existing infrastructure in place positioning the project to become one of the largest and least expensive tungsten mines in North America.
In the near term, Geodex will be completing a pre-feasibility study which will compile the results of an upgraded resource calculation on the project. Slated for production in 2011, the Sisson Brook Project will contribute 5% of the world's current tungsten consumption. Geodex Minerals is also considered the world's largest land holder of premium indium exploration properties due to the ownership of their second property, the Mount Pleasant West Camp.
Investment Highlights:
Two major projects located in politically stable and mining-friendly New Brunswick, Canada
Flagship property: Sisson Brook
- June 2008 Resource Calculation increased Sisson Brook Tungsten-Molybdenum-Copper deposit to 243.9 million tonnes 'Measured & Indicated' and 154.4 million tonnes 'Inferred'.
- High-grade tonnage has been increased by 134% (0.225% WO3 equiv.)
- Large potentially economic open-pittable Tungsten-Molybdenum deposit advancing to Pre-feasibility stage Q3,2008
- Sisson Brook is one of the most accessible tungsten deposits in North America
- Production would account for 5% of the world's current tungsten consumption
Mount Pleasant Camp
- Zinc-indium-tin exploration on a large claim block with Joint Venture partner Teck Cominco
- Significant results from 2500 m drill program:
- 31.7 m of 62.81 g/t indium, 2.8% zinc
- 10.23 m of 128.64 g/t indium and 3.45% zinc
- Largest land holder of premium indium exploration properties in the world
- Suite of additional exploration property areas with polymetallic potential
Newsletter Coverage
Lawrence Roulston, Resource Opportunities, June 2008
Brien Lundin, Gold Newsletter, July 2008
Jay Taylor, Jay Taylor's Gold & Technology Stocks, May 2008
David Coffin, Hard Rock Analyst, June 2007
Share Structure (June 2008):
Shares Outstanding: 65 million
Fully Diluted: 71 million
For more information go to:
News Releases
Projects
Company NewsWednesday, January 28, 2009 Geodex Minerals reported receipt of an updated resource model for its Sisson Brook tungsten-molybdenum deposit, located north of Fredericton, New Brunswick, Canada. This resource estimate incorporates an additional 11,800 m of infill and expansion drilling (48 angle holes) carried out on the deposit during the summer of 2008. It therefore adds substantial new data to the previous resource estimate, published in a News Release of June 5, 2008. For Zone III, measured resources total 11 Mt grading 0.109% tungsten oxide and 0.037% molybdenum. Indicated resources total 69.1 Mt grading 0.107% WO3 and 0.034% Mo. Inferred resources total 47.8 Mt grading 0.097% WO3 and 0.036% Mo, all at 0.125% WO3-eq cut-off. News ReleasesTuesday, January 27, 2009 Wednesday, December 24, 2008 Map Legend: Producer Past Producer  Development  Exploration |
