The Conversation (0)
Geologix Explorations (TSE:GIX) reports initial assay results from its ongoing drill on the Tepal project, Mexico.
The press release is quoted as saying:
All drilling in the current program is focused exclusively on resource expansion and exploration targets, with no in-fill drilling.
Geologix’s President and CEO, Dunham Craig says:
“We are very pleased with the resource expansion potential evolving around the two PEA pits designed by SRK Consulting based on the existing NI-43-101 resource. The drilling up to 1 kilometre east of the pit area looking for new zones, which is not reported here, is progressing well and we look forward to compiling the results in the near future. The PEA has given us clear guidelines to what is required for positive economic value and in conjunction with our better understanding of geology, we feel our project development is solidly based going forward. The Company recommends viewing the plans and sections to evaluate the significance of these drill results.”
Click here to access the entire news release.