Geodex claims return 38.5 oz gold/ton in float.
(PRWEB) October 13, 2005 -- Geodex Minerals Ltd. (Trading Symbol: GXM) is pleased to announce that five mineral claims have been staked in the Harry Brook area of southern New Brunswick to cover the location of a recently discovered, gold-bearing quartz boulder. This boulder was found and sampled by Susan Johnson of the N.B. Department of Natural Resources during the course of summer fieldwork and was the subject of a special release by the department on 27th September, 2005. An assay of 1320 g/metric tonne (38.5 ounces/ton) from a sample containing visible gold is believed to be the highest grade of gold ever recorded in New Brunswick.
The mineral claims are located 22 km northwest of the town of Sussex, N.B., and 20 km northeast of several gold occurrences in the Annidale-Scotch Settlement belt, three of which are owned by and are presently being explored by Geodex. The quartz boulder in Harry Brook is located downstream from one of the highest stream sediment gold anomalies in the region (GSC Open File 1638). The Geodex claims also cover a previously reported gold-in-soils anomaly north of the boulder, which is at least 400 metres by 250 metres in size.
The Geodex claims straddle the contact between uplifted Neoproterozoic to Early Cambrian basement rocks of the Belleisle Bay group and Carboniferous sediments of the Minto and Shin Formations. Faulted contacts between basement units are likely to be the source of the gold-bearing quartz veins which have given rise to the boulder, although no exact source has to date been identified. Geodex will proceed with soil sampling and geophysical programs this Fall in an attempt to locate this source region in bedrock.
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
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