Goldex Resources Corporation

Goldex Resources Corporation

April 28, 2011 14:49 ET

Goldex Resources Signs Drilling Contract for El Pato, Guatemala

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2011) -Goldex Resources Corporation (TSX:GDX) ("Goldex" or the "Company") announced today that, further to its announcement of an upcoming 5,000 metre drill program on its El Pato property in Guatemala, the Company has contracted Kluane Guatemala S.A. ("Klaune") to conduct the diamond drilling.

Klaune will initially drill 12 holes to confirm the historic grades and historically inferred resources previously assessed on El Pato and further determine whether there is a continuation of mineralization extending along strike as far as the El Sauce sector where high-grade gold mineralization has been shown.

"Kluane expects to commence drilling operations during the first week of May and with the exploration program designed by our geologists we expect a very active spring," Charles Ross, Goldex President, stated.

The El Pato gold vein target is situated in an emerging gold district in Guatemala. Several major and junior resource mining companies are very active in the area, including Radius Gold with their Holly-Banderas property, Tahoe Resource's Escobal silver mine that contains an indicated resource of 300 million oz eq. of silver and Goldcorp's Cerro Blanco property which lies to the south of El Pato and has a proven resource of 1.3 million oz of gold. El Pato has a prestigious legacy of discovery having first been explored by the United Nations in the late 1980's and early 1990's.

About Goldex. Goldex Resources Corporation is a junior exploration company exploring for gold in the Americas. Goldex's operations highlight prestigious properties in Mexico and Guatemala, a world-class geological team, which boasts of 12 discoveries and a global investment following.


"Charles E. Ross", Director and President

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Forward-Looking Statements

The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Goldex Resources Corporation
    Suite 2110 - 1177 West Hastings Street
    Vancouver, BC, Canada V6E 2K3

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