Geodex Minerals Limited has focused on the tungsten-molybdenum-zinc-indium suite of metals in western New Brunswick, Canada. The work has been divided between Sisson Brook, a bulk-tonnage tungsten-molybdenum-copper deposit and a more polymetallic group of targets surrounding the former Mount Pleasant Mine.The Company’s management consists of a knowledgeable team of geologists with extensive mine development experience working with such companies as Kennecott, Kamad Silver, & Esso Minerals and Teck Corporation.The Company’s flagship project, Sisson Brook, is a large, open-pittable deposit located in the central part of the New Brunswick.The most recent 43-101 compliant resource estimate in June of this year upgraded the Sisson Brook resources to measured & indicated status. The overall tonnage increase ranged from 37% at the lowest threshold level (0.025% WO3 Equiv.) to an increase of 134.2% at the highest (0.225% WO3 Equiv.). The measured & indicated resources now consist of 328 million pounds tungsten and 108 million pounds molybdenum at 0.025% W03 Equivalent.The Company is working towards completion of a pre-feasibility study in September of this year using these new resource numbers.Slated for production in 2011, the Sisson Brook project will account for 5% for the world’s current consumption of tungsten.
Geodex’s second major project is Mount Pleasant West,a large property located adjacent to the Mount Pleasant mine south of Fredericton, New Brunswick. This mine, presently owned by Adex Mining Inc., was operated briefly by Billiton in the mid-1980s and contains deposits of molybdenum-tungsten and tin-indium. Geodex’s focus is on the indium potential in the Mount Pleasant West camp and the company’s land holdings cover what is probably the world’s largest area of premium indium exploration targets.
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