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Goldex Resources Corp (GDX)

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02/29/08
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Goldex Resources Successfully Flies Land Positions in Mexican Gold and Silver Belt With Eagle Mapping Mr. Jay Friesen reports VANCOUVER, Feb. 29 /CNW/ - ..EXPLORATION UPDATE Goldex Resources Corporation is pleased to announce that the contract with Eagle Mapping of Vancouver B.C. to complete an othophotographic survey of its Arco I and Arco II properties has been successfully completed. Topographic base maps generated from this work will provide important information for the following phase of geological mapping and geochemical sampling programs that are expected to quickly identify drill targets. The Arco II ground, situated adjacent to the Arco I property optioned in early 2007, was acquired on January 17th 2008. This increases the area Goldex has under exploration in Mexico from 463 to 3,381 hectares. In 2007 the Penoles La Cienega mine, which lies approximately 100 km to the west of El Arco, produced 4.4 million oz gold, 31 million oz silver, 7.9 million oz lead and 9.5 million oz zinc. Goldex is well funded to carry out this year’s exploration and drilling programs. Goldex Resources Corporation is a junior exploration company exploring for gold in the Americas. Goldex's strategically-focused operations highlight prestigious properties, a world-class geology team and a global investment following. Goldex Resources increases land position in Mexican Gold and Silver Belt VANCOUVER, Jan. 18 /CNW/ - Goldex (TSX-V: GDX) increases land position in Mexican gold belt. Goldex Resources has increased its land position in the highly mineralized Central Plateau Gold and Silver Belt of Durango State in Mexico. Arco II, is located near the the historic silver, lead and zinc district of Tejamen in Durango State and counts among its many notable neighbours the Penoles La Cienga mine which in 2005 produced 1600 t/d at 7.58 g/Au, 112 g/t Ag and 3.66% Pb/Zn. Arco II is contiguous to the property which the company optioned at the beginning of 2007 and brings the total area under exploration up from 463 to 3,381 hectares. This is an exciting development for Goldex Resources because it dramatically increases the company's ability to control its exploration and development activities in the area. Goldex anticipates flying the property to generate a topographic base map and aerial orthophotos before spring, and then conducting a program of sampling and surface geology mapping from which the Company geologists believe they will be able to quickly identify drill targets. Goldex Resources Corporation is a junior gold mining company exploring for gold in the Americas. Goldex's strategically-focused operations highlight prestigious properties, a world-class geology team and a global investment following. Goldex's web site can be accessed at www.goldex.ca Jay Friesen Manager, Corporate Development Dan Audet Corporate Communications Tel. 778 989-7208 Email: dan@goldex.ca ..Share Structure Shares Issued: 48,377,958 1.1 million shares due in Property Payments 5,143,264 million options 9,152,900 warrants exercisable at $0.35 expiring May 24, 2008 ..Treasury: $2,000,000 Shares Fully Diluted: 62,674,122 Bank: Bank of Montreal Legal Council: Leschert & Company . Auditors: Dale Matheson Carr-Hilton LaBonte Chartered Accountants Transfer Agent: Computershare Trust Company http://www.goldex.ca/news/2008/
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