Geodex finds moly in eastern extension at Sisson Brook

With two drills turning on its Sisson Brook property northwest of Fredericton, N.B., Geodex Minerals (GXM-V) has intersected molybdenum-tungsten mineralization in the first hole on an extension of the property’s known Zone III.

The new drill hole is on the East Flank Zone, discovered in definition drilling on Zone III earlier in the field season. Tungsten grades in the hole are similar to the resource grade on Zone III, but molybdenum grades are significantly higher.

Hole SB07-53 cut a 251.3-metre core length that averaged 0.073% tungsten oxide (WO₃) and 0.12% molybdenum. Within that, an 85.5-metre interval ran 0.08% WO₃ and 0.31% molybdenum.

The current program testing the East Flank Zone consists of 11 holes; some are already complete but assays are pending. The new zone is about 450 metres in strike length with drill intersections to 220 metres depth, and merges with the larger Zone III at its north end. A 500-metre-deep hole is planned on the East Flank before the drill is moved to Geodex’s Mt. Pleasant project south of Fredericton.

The other drill will remain on the property for infill drilling on Zone III, where a calculation from earlier in October estimated an inferred resource of 109 million tonnes at grades of 0.084% WO₃ and 0.032% molybdenum (T.N.M. online, Oct. 17/07).