Wednesday, February 17, 2010

Geodex to start prefeasibility work at Sisson Brook

GEODEX PROVIDES CORPORATE UPDATE AND STRATEGIC DIRECTION

Geodex Minerals Ltd. has released a corporate update on progress during 2009 and announce its strategic direction for advancing its flagship Sisson Brook tungsten-molybdenum project in New Brunswick.

Strategic direction for 2010

Geodex's business plan remains focused on advancing its flagship Sisson Brook tungsten-molybdenum project toward production and maintaining an aggressive portfolio of prospective exploration properties in New Brunswick. The company announced in Stockwatch the closing of a $1.1-million private placement financing on Jan. 29, 2010, and has implemented a number of measures to maximize the use of its treasury and focus its resources on advancing certain aspects of the Sisson Brook prefeasibility program.
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