Geodex Reports Future Development Plans for Sisson Brook Zone III ...

Tag : tungsten
The Company completed an 11,819 metre drilling program by the endof July 2008 which was directed towards new zones in and aroundZone III, but mainly at extending the East Flank Zone which has inthe past produced better grade material, particularly inmolybdenum. This has been discussed in several News Releases(October 30, 2007, January 10, 2008, March 25, 2008) and initial2008 drilling results are summarized in a News Release of September17, 2008. This work is indicating a higher grade core zone throughthe central part of Zone III which will be the focus of Companywork in the immediate future and will likely be the site of starterpits having optimum grades for the start of open-pit mining.
To take into account the positive results from the new drilling,the Company has decided to upgrade the block model for Zone III (bythe end of October) and to continue the metallurgical studies whichbegan in early 2008 and which should be concluded by year's end.Production scheduling from these results will form the backbone ofa milestone Pre-Feasibility report by Wardrop Engineering whichwill now be completed in April 2009.
The Pre-Feasibility study will also incorporate conclusions fromother engineering programs which have been under active studythroughout 2008. Geotechnical conditions and tailings impoundmentoptions have been researched this summer by TerrAtlanticEngineering Limited and a wide range of environmental studies andcommunity relations activities have been carried out by RescanEngineering. Along with plant design details, infrastructurestudies, power and transportation costs (Wardrop), these willcontribute to a very comprehensive Pre-Feasibility report forSisson Brook in 2009.
Jack Marr, M.Sc., P.Geo., is the in-house QP for this project.
Forward Looking Statement
Certain information regarding the Company contained in this pressrelease may constitute forward-looking statements within themeaning of applicable securities laws. Forward-looking statementsmay include estimates, plans, opinions, forecasts, projections orother statements that are not statements of fact. Although theCompany believes that expectations reflected in suchforward-looking statements are reasonable, it can give no assurancethat such expectations will prove to have been correct. The Companycautions that actual performance will be affected by a number offactors, many of which are beyond the Company's control, and thatfuture events and results may vary substantially from what theCompany currently foresees.
On Behalf of the Board of Directors
GEODEX MINERALS LTD.
Jack M. Maris, President
The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the accuracy or adequacy of this release.