The Conversation (0)
Substantial depth extension intervals of gold grades up to three times greater than the South Zone’s resource average (see April 2011 PEA mine plan) have been encountered and remain open at depth at the Geologix Explorations Inc. (TSX:GIX,FWB:GF6)
Tepal property in Michoacán state, Mexico.
Tepal property in Michoacán state, Mexico.
As quoted in the press release:
The latest results indicate the presence of a higher grade system being encountered at depth in the southeast portion of the South Zone. Substantial depth extension intervals of gold grades up to three times greater than the South Zone’s resource average (see April 2011 PEA mine plan) have been encountered, and remain open at depth. Highlights from the latest batch of results include hole TEP-11-026 which intersected 104.80 metres (m) grading 1.45 grams per tonne (g/t) gold and 0.44 percent (%) copper, within a broader interval of 188.80m of 1.04 g/t gold and 0.40% copper to a drill depth of 498.00m, extending the mineralization approximately 200m below the bottom of the model pit used in the April 2011 PEA mine plan (see news release dated April 11, 2011). Similarly, holes TEP-11-128 and TEP-11-130 also encountered encouraging gold and copper mineralization well below the bottom of the PEA pit outline (extending 150m and 100m deeper respectively). This higher grade mineralization remains open in multiple directions and appears to be plunging moderately to the south. See drill section and plan map at the Company’s website (www.geologix.ca).
Click here to read the Geologix Explorations Inc. (TSX:GIX) press release
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