Geodex Minerals Ltd. (TSX-V:GXM), (the “Company” or ‘Geodex’) is pleased to report the results of the first ever drill program on its Nashwaak property in New Brunswick. Geodex’s business plan remains focused on advancing its flagship Sisson Brook tungsten-molybdenum project towards production, while maintaining an aggressive portfolio of prospective exploration properties in New Brunswick. 

The Nashwaak property forms part of a group of properties, in addition to Sisson Brook, with potential for granite-related deposits with tungsten, molybdenum, tin and related metals. The challenge and potential of the region lies in the complexities due to the extensive glacial till cover masking potential mineral deposits. Geodex has successfully progressed the Sisson Brook deposit through exploration into development in this environment and the drill discovery at Nashwaak is further proof of the potential of this region of New Brunswick.  The Nashwaak property is located in west-central New Brunswick approximately 12 kilometres west of the Company’s Sisson Brook tungsten-molybdenum deposit. Geodex can earn a 90% interest in the Nashwaak property through an option agreement. The drill program consisted of a fence of 4 shallow holes totalling 450 metres in the northern region of the property. In the summer, 2009, Geodex outlined a north trending tungsten soil anomaly of approximately 1.5 by 0.5 kilometres in close proximity to the western mapped contact of the Nashwaak Granite batholith. Scheelite bearing float (a tungsten mineral) was discovered in various areas of this soil anomaly. 

The drill program targeted one area in the northern region of the anomaly where tungsten bearing float was more frequent. The two central holes of the fence (NK-09-02 and NK-09-04) intersected narrow scheelite – bearing zones. These mineralized zones are open along strike and at depth. The significance of this discovery is that it occurs on a property which has never before been drilled and it lies on the western contact of the Nashwaak Granite batholith in a similar geological setting to the Sisson Brook deposit, which lies near the eastern contact of the Nashwaak Granite batholith. The Nashawaak area has not previously had any significant tungsten exploration. The soil anomaly remains untested north and south of this fence of holes.

Bookmark this page!