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sgx resources inc (SXR) Details

SGX Resources Inc. acquires, explores, and develops mineral properties in the Timmins region of Ontario, Canada. It primarily explores for gold, as well as diamond. The company holds interests in various properties totaling approximately 2500 hectares along the prolific gold producing belt of Timmins. It also has an interest in a 5000 hectare property located south of Timmins. The company was incorporated in 2008 and is headquartered in Winnipeg, Canada.

Founded in 2008

sgx resources inc (SXR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: --
Chief Financial Officer and Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

sgx resources inc (SXR) Key Developments

SGX Resources Inc., Annual General Meeting, Jun 17, 2014

SGX Resources Inc., Annual General Meeting, Jun 17, 2014., at 13:00 Central Standard Time. Location: Victoria Inn. Agenda: To receive the audited financial statements of the company for the financial year ended December 31, 2013, together with the auditors' reports thereon; to elect directors of the company for the upcoming year; to appoint auditors and to authorize the directors to fix the remuneration to be paid to the auditors; to re-approve the stock option plan of the company; and to transact such other or further business as may properly come before the meeting or any adjournment thereof.

SGX Resources Inc. Extends Length of Tully Deposit to over 1,000 Metres

SGX Resources Inc. reported that recent step-out drilling has substantially increased the known strike length of the Tully Deposit to more than 1,000 metres (1 km) in length. Step out drilling at approximately 300 metres to the west of previously established limits of the Tully Deposit encountered high grade gold in drill hole #13-38, cutting 36.7 g/tonne (uncut) over 6.3 metres at 200 metres below surface. Coarse visible gold was observed within a broad zone of mineralized quartz and carbonate veining within the host altered volcanic tuff, identical to the main Tully Deposit to the east. This drilling took place on the bordering 'Creighton' claims which were 100% acquired under a three-year option agreement beginning in 2011. The host volcanic tuff unit is readily identifiable by geophysics and has been traced by the Company for over 2 km in both the eastern and western directions away from the main deposit. Drilling has also extended the zone by another 150 metres to the east beyond previously established limits identified recently as demonstrated by drill hole #13-26. The Tully Deposit and adjoining claims are jointly owned (50/50) by SGX and San Gold Corporation with SGX being the operator. The Tully Deposit does not outcrop and is overlain by overburden and till. The host mafic volcanic tuff unit is readily identifiable by geophysics and has been traced along strike further to the east and west. Initial shallow drill holes such as #13-36 were designed simply to locate the tuff so that follow up drilling as in #13-38 could focus on locating mineralization within the tuff. The Tully Deposit is interpreted to be a series of shallow dipping (extensional or ladder) stacked vein sets within a sub vertical competent mafic tuff host that is bounded by ultramafic volcanic rocks to the south and sediments to the north. This host sequence of rocks all lie within a regional east-west fault corridor, a northern splay from the Porcupine-Destor Fault. The Tully deposit has been drilled over a 1,000 metre strike length to date, and to depths of over 600 metres, remaining open along strike and to depth. True intersection widths are interpreted to be 65% to 80% of drilled widths as shown in the table above. Assay intersections are uncut as an appropriate cutting factor has not yet been determined for this deposit. SGX Resources is also undertaking evaluation programs on its wholly owned Edleston Zone, discovered in 2010 and located 60 km south of Timmins. An additional drill program has been completed on the Grenfel project located west of Kirkland Lake in order to follow up on historical shaft, level development and diamond drilling by previous owners. It is anticipated that a mineral resources technical report will be prepared this year for the Tully Deposit. SGX also holds a position in the Davidson-Tisdale Deposit and other strategic lands to the west and south of Timmins, near current and past production.

SGX Resources Inc. and San Gold Corporation Extends Tully Deposit to Depth by 250 Metres

SGX Resources Inc. reported that step-out drilling has successfully extended the Tully deposit eastward by more than 100 metres and to depth by more than 250 metres from the limits of previous drilling. Strike extensions of the zone continue to be realized at the easternmost known extent of the deposit with drill hole #13-20 cutting 6.7 metres of 9.0 g/tonne more than 200 metres below surface. Wide, high-grade vein sets have also been identified more than 600 metres below surface as evidenced by drill hole #13-22 which encountered 6.5 metres of 8.0 g/tonne. Drilling continues to focus on gaps of information and on extending the zone along strike and to depth. A number of broad, high-grade intersections near surface and to depths of more than 600 metres have been encountered so far this year in a series of thickly stacked gold bearing lenses or veins making up the Tully deposit, which is jointly owned (50/50) by SGX and San Gold Corporation.


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