Monday, April 1, 2013

SGX Resources Inc. - SXR.v

SGX Resources Inc. - SXR.v is advancing significant drilling programs near Timmins.

At Timmins south in Sothman Township the company is progressing a new gold discovery – Edleston Zone while at Timmins North in Tully Township a body has been identified with a known length of over 600 meters and remains open in all directions.

On March 18, 2013 the company released News

"SGX Resources Drills Multiple Gold Zones at Tully

Dale Ginn, President and Chief Executive Officer of SGX Resources Inc. (TSX-V: SXR), is pleased to report that drilling in and around the Tully gold deposit located 25 km north of Timmins has been successful in identifying numerous sets of gold bearing veins of varying grades and thickness. The following results are the first received from the joint (50/50) SGX/San Gold (TSX: SGR) 2013 program following extensive compilation and reinterpretation of past drilling programs by previous owners dating back to the discovery of the Tully deposit in 1969 by McIntyre Mines.

Drill hole #13-15 cut four separate zones including 14.1 metres of 20.1 g/tonne (uncut) as well as 13.0 metres of 5.9 g/tonne, all above 230 metres in depth below surface. New, broadly mineralized zones of up to 50 metres in width were also encountered by drill holes #13-12 and #13-17.
Recently received results from four drill holes are summarized below:"