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GXM

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Share Name Share Symbol Market Type
TSXV:GXM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Geodex Plans Benjamin Copper-Molybdenum Project Program

09/09/2013 5:04pm

Marketwired Canada


Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W), (the "Company" or
"Geodex") is pleased to announce that it has completed the data compilation and
exploration program plans for the Benjamin copper-molybdenum project which it
recently acquired in northeast New Brunswick (see Geodex news release August 13,
2013). The Benjamin Project work program will refine the known targets in
preparation for a drill program. 


The Benjamin Project is a porphyry copper-molybdenum target located
approximately 60 km northwest of Bathurst, New Brunswick. It is an area of
extensive glacial till cover. Previous exploration has partially defined an
induced polarization ("IP") anomaly and soil copper-molybdenum -silver
geochemical anomalies within the project area. The IP chargeability high is a
strong anomaly which is partially coincident with the copper-molybdenum-silver
soil anomalies. The anomalies are open in several directions and Geodex plans a
work program which will include extending the IP survey area, further
delineation of the soil anomalies and prospecting in order to fully define the
anomalous areas. 


Geodex has previously used similar combinations of exploration tools on other
New Brunswick projects to define attractive drill targets which then
successfully discovered significant mineralization. Geodex will integrate
glacial ice direction data, local geology, and data from prospecting, soil
sampling and geophysical surveys to identify drill hole locations at the
Benjamin Project.


On the Benjamin Project two historic holes were drilled near the eastern margin
of the primary prospective area and intercepted mineralization, the best
reported assay being 1.42% copper, and 1.25% zinc over 1.5 metres. Based on
recent work and specifically glacial ice movement studies Geodex believes these
drill holes were drilled in the down ice direction of the prospective target
area. Additionally a review of the historic drill hole data indicates that an
intrusive dike was intersected, although the regional geology maps only indicate
a package of volcanic rocks. Devonian felsic intrusive rocks are mapped east of
the property. The presence of intrusive rocks is consistent with Geodex's
target, a porphyry copper-molybdenum deposit. The primary target area within the
Benjamin Project is approximately 1.5 square kilometers. Porphyry-type
copper-molybdenum mineralization is documented approximately 2.5 kilometres east
of this primary target area, located in an adjacent mineral claim. Detailed maps
of the Benjamin target area and anomalies will be available shortly on the
Geodex website at www.geodexminerals.com.


Mark Fields, President and CEO commented "Geodex is positioning itself for drill
programs on the Benjamin Project and other properties. Two of our new projects
have come through our association with well regarded prospector groups. We are
particularly pleased to note our connection with Dick Mann, one of the vendors
of the Benjamin Project. Dick is credited with a key role in the exploration in
the early 1980's of the Sisson Tungsten-Molybdenum Project. Geodex developed the
Sisson deposit into one of the largest known tungsten deposits in the world and
it is currently being advanced towards production by Northcliff Resources Ltd."


Geodex's disclosure of a technical or scientific nature in this press release
has been reviewed and approved by David Martin, P. Geol., Geodex's Vice
President New Brunswick Operations, who acts as the qualified person under the
definition of National Instrument 43-101.


About Geodex

Geodex is a mineral resource company focused on New Brunswick, Canada. Geodex
has continued to actively develop its exploration portfolio focused on the
discovery of base and critical metals in New Brunswick. Geodex has operated for
a decade in New Brunswick where it has had a number of discovery and development
successes including Sisson and Mount Pleasant West.


ON BEHALF OF THE BOARD OF DIRECTORS 

GEODEX MINERALS LTD. 

Mark Fields, President & CEO

Forward Looking Statement

Certain information regarding the Company contained in this press release may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates, plans,
opinions, forecasts, projections or other statements that are not statements of
fact. Although the Company believes that expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. The Company cautions that actual
performance will be affected by a number of factors, many of which are beyond
the Company's control, and that future events and results may vary substantially
from what the Company currently foresees. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Geodex Minerals Ltd.
Investor Relations
(604) 689-7771, Toll free 1-888-999-3500
604-689-5528 (FAX)
info@GeodexMinerals.com
www.geodexminerals.com

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