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Geodex Minerals Inc (TSX:GXM)

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Last Post: 12/7/2011 11:37:30 PM - Followers: 0 - Board type: Free - Posts Today: 0

"The Feasibility Study and the Environmental Impact Assessment both remain on track for completion by the third quarter of 2012. Tungsten prices are at record high prices in the range of US$460/mtu (metric tonne unit) due to the worldwide demand and Chinese consumption, export quotas and duties combined with the critical nature of tungsten to the performance of many industrial products. Due to these factors there appears to be a consensus that the tungsten price will likely remain at or near current price levels. All of this positions Sisson well as a significant, stable, new source of tungsten from New Brunswick. Geodex is looking forward to the continued progress at Sisson while it continues to advance its other New Brunswick exploration projects." About Geodex Geodex is a mineral resource company focused on New Brunswick, Canada with its primary asset being its 30% Sisson ownership interest. Geodex is also actively developing its exploration portfolio focused on the discovery of critical metals in New Brunswick. Geodex has operated for nine years in New Brunswick where it has had a number of discovery and development successes, Sisson and Mount Pleasant West being the best examples. ON BEHALF OF THE BOARD OF DIRECTORS GEODEX MINERALS LTD. Mark Fields, President & CEO

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