Geodex published an independent "preliminary economic assessment" of
the Sisson Brook tungsten-molybdenum-copper deposit in New Brunswick,
Geodex Minerals Ltd.., (The "Company") is pleased to announce the
contents of an independent preliminary economic assessment
(Preliminary Economic Assessment (PEA)) for its 70% ownership stake in
the tungsten-molybdenum-copper deposit known to be in the north of
Fredericton, New Brunswick, is located. The NI 43-101-compatible
report was drafted by Wardrop Engineering Inc. (Wardrop) in Vancouver,
with financial and operational estimates, where deviations of plus /
minus 35% should be considered. The full PEA report will be processed
within a week on SEDAR. The PEA will be the first stage of more
detailed studies, if the development is progressing the project.
Advance will be made this point a feasibility assessment, which will
be completed in summer 2008.
The assessment (PEA) is based exclusively on the southern half of the
Sisson Brook deposit, which is referred to as Zone III, and in the
partially drilled in the years 1979 to 1982 by Texasgulf / Kidd Creek
Mines. This tungsten and molybdenum dominant part of the large
mineralized system of Sisson Brook was established in 2006 through
7053 m of diamond drilling and 14,500 m of diamond drilling in 2007
(not yet Bohrverschalung is completed).