Geologix Explorations Inc. Announce Latest Assay Results

Geologix Explorations Inc.(TSX:GIX) announced assay results from its 100% owned Tepal project, Michoacán state, Mexico. The results from the latest resource expansion and infill drilling program confirm a higher-grade, near surface area within the body of the North Zone. These results should provide the necessary information to complete a pre-feasibility study.

Highlights include:

Highlights from these most recent drill assay results include hole TEP-11-075 which intersected 140.70 metres (m) grading 0.87 grams per tonne (g/t) gold and 0.36 percent (%) copper, and hole TEP-11-072 which intersected 76.00m grading 0.77 g/t gold and 0.59% copper.

Geologix, President & CEO, Dunham Craig, said:

We are pleased with these latest results as eighty (80) of the last ninety-one (91) holes being reported encountered mineralization equal to, or greater than the Company’s internal North Zone cut-off and represent the final data required to complete the upgraded resource estimation currently being conducted by Micon International Limited. Additionally, multiple holes drilled within the central portion of the North Zone returned intervals of gold and copper grades well in excess of the 2011 Preliminary Assessment North Zone’s mine plan average grade of 0.37 g/t gold and 0.24% copper. These elevated grades found over substantial intersections support the potential for the North Zone to host a sizable higher grade starter pit which could positively impact Tepal’s production profile, specifically within the critical early years of the project’s mine life.

Click here to read the Geologix Explorations Inc. (TSX:GIX) press release