Goldex's
El Pato project in Guatemala is the most significant
gold asset in the district, with an historic resource
estimate* of 2.05 M tons of 7.0 g/t gold (432,226
ounces of gold) (* prepared by the United Nations Development
program prior to implementation of NI 43-101 resource
definitions)
Goldex Geologists have recently
discovered four new mineralized structures with multiple
samples grading higher than 15/gpt. AU.· Goldex has
assembled a management team with broad-based experience
in the development and financing of exploration companies
in the mining & oil & gas sectors
The Company is currently seeking
additional exploration projects in Latin America
Clancy Wendt, Director, Director of
Exploration
Mr. Wendt has over thirty years of experience in worldwide mineral
exploration – including Mexico, Argentina, Chile, Alaska, China,
Honduras, Peru, and the United States. He has managed and directed
multimillion dollar exploration programs for Westmont Mining, Phillips
Petroleum, Duval, and Cerro Corporation. A significant number of discoveries
have been made under the guidance of Mr. Wendt. Discoveries include
gold, base metals and uranium.
Mr. Wendt is a Registered Professional Geoscientist (P.Geo.) and is
registered in the United States and Australia.
Richard
Bybee, B.A., P.Geo., Senior Executive Geologist
Mr. Bybee has over twenty-nine years of experience mineral exploration
including Nicaragua, Honduras, New Zealand, Nevada, and Arizona. He
has managed and directed multimillion dollar exploration and development
programs from inception to reserve development. He planned and conducted
a drilling program which led to the discovery of the 920,000 ounce
Cerro Mojon gold deposit in September 1995 in Nicaragua. He has been
responsible for up to 28 employees including geologists, field technicians,
geographers, drilling contractors, miners, and surveyors.Mr. Bybee
is a Registered Professional Geologist (P.Geo.) and is registered
in the United States
Goldex will be drilling the El Pato Project
this year. The objective of this drill program is to prove to 43-101
standards the existence of the 430,000 Oz gold deposit. In addition
to that, Goldex will drill one or more of the new gold zone surface
discoveries.