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Sisson Project Review and Update (Part 1 of 2)

March 26, 2014

Written by Mark Fields, President & CEO

We regularly get asked by our shareholders about the progress being made at the Sisson tungsten-molybdenum project. For those of you new to Geodex, the Sisson project was our main project from 2004 through 2012. During that time we took it from a small mineral occurrence to a drill defined resource that is one of the largest tungsten deposits in the world. It was a major success for Geodex and we still receive a lot of recognition for beating the long exploration odds and advancing the project from a few drill intercepts to beyond the positive prefeasibility stage. It also provided us with a deep experience base for tungsten exploration and evaluation not just for New Brunswick but around the world.

In 2010 Geodex entered into a joint venture and option agreement on the Sisson project with Northcliff Resources of the Hunter Dickinson group, and then in 2012 we sold our remaining interest for shares in Northcliff. Those shares were then distributed to all of Geodex’s shareholders on a pro-rata basis. Many of our shareholders continue to own Northcliff shares (including me!) and therefore at events such as the PDAC in early March we regularly get questions about the progress at Sisson.

Northcliff has made good progress over the past several years and we’ll describe that in the next blog posting.

The photos show some of the work that Geodex did as it progressed defining one of the largest tungsten resources in the world.

 

 

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GXM Directors: Jack Patterson, Jack Maris, Jack Marr

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Director Jack Marr in the middle of the Sisson Property

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Picture 122

Sisson Drill Core

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David Martin, VP New Brunswick Operations, reviews the drill core

 

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Consultant Matt Bolu at our first Metallurgy testing

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