Geodex Returns A Drill Intersection Of 0.073% WO3 AND 0.10% MoS2 Over 54.76 Metres From The Sisson Brook Project, N.B.
The first of seven holes, returned mineralization over 54.76 Meters
approx-in situ -2.2-lb-Moly($25/lb,NM,Feb 16.) and-1.5-lb Tungsten($10./lb,NM,Feb 16.)
(PRWEB) February 20, 2006 -- Geodex Minerals Ltd. (the “Company”) is pleased to report assay results from the first hole in the latest drilling campaign at the Sisson Brook tungsten-molybdenum-copper property in central New Brunswick. Drilling was completed in early January but results have been slow due to pressure at the laboratory and the need to infill ‘gaps’ to provide continuity in a large bulk-tonnage system. Results from the other holes in the program will be released when they become available.
Drill hole SB-05-5, the first of seven holes, was drilled on line 5+00 south and was inclined at 45 degrees in a grid west orientation. In a general sense, it lies in the largely untested, 500 m-long area between Zone III to the south (tungsten-molybdenum) and the two sub-parallel copper-tungsten deposits to the north (Zones I and II). The reason for this metal variation or zoning is not yet understood. Together the zones occupy a 2 km stretch of contact between intrusive rocks to the west and Paleozoic tuffs to the east, being developed in both lithologies.
Zones I and II (W-Cu) have historical resource estimates from Kidd Creek drilling in 1982. Hole SB-05-5 is located approximately 200 m north of Zone III which was shown (News Release April 26, 2005) to have a 43-101-compatible inferred resource of 10.82 million tonnes, grading 0.151% WO3 and 0.073% MoS2.
Drill hole SB-O5-5 was mineralized over its entire length. A 54.76 m intersection from 45.30 m to 100.06 m assayed 0.073% WO3 and 0.10% MoS2. There is a general but not precise correlation between the two principal metals. Copper content was low but seemed to be increasing to depth in the hole. Drilling will re-commence in late Spring when data for the holes has been assembled and some check geophysics has been completed.
Assays were done by Actlabs of Ancaster, Ontario. All samples were crushed and split and a 250 g sample analysed. Aqua Regia digestion with an ICP finish was used for copper and molydenum. A Neutron Activation Analysis (INAA) provided more precision for tungsten.
Jack Marr, M.Sc., P. Geo. is the Qualified Person for this project as defined by National Instrument 43-101. Geodex and its joint venture partner, Champlain Resources Inc., wish to acknowledge and thank the New Brunswick government for a grant under its Junior Mining Assistance Program towards partial financing of this winter drill program.
ON BEHALF OF THE BOARD OF DIRECTORS
GEODEX MINERALS LTD.
"Jack M. Maris"
Jack M. Maris
President
For further information contact: Christopher R. Anderson, Investor Relations
(604) 689-7771, Toll free 1-888-999-3500, Email: IR@geodexminerals.com
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