Sunday, December 20, 2009

Geodex Minerals increases the measured and indicated resources at its Sisson Brook Project

Geodex Minerals Ltd. has received an updated independent National Instrument (NI) 43-101 compliant mineral resource estimate for its Sisson Brook tungsten-molybdenum deposit in New Brunswick. It incorporates 4,900 metres (m) of new drilling carried out this summer. The drilling was successful in reaching its objectives, including the primary purpose to upgrade a significant portion of the inferred resource to the measured and indicated resource category for use in the upcoming prefeasibility study (described later in this news release). The measured and indicated resource tonnage increased by 31 per cent with a slightly higher grade at the mid-range category (0.125 WO3 per cent equivalent threshold). The mineral resources are not mineral reserves, as economic viability has not yet been demonstrated. Full results are on the company's website.

To read the full Release Click here 

Contact the company at 604-689-7771

No comments: