Geologix Receive Results from Tepal Property Geophysical Surveys

Geologix Explorations Inc.(TSX:GIX) announced new airborne geophysical survey results. The survey was carried out on the Company’s Tepal project in Michoacán State, Mexico. Results identified multiple new targets at the project. Geologix are currently advancing the known deposits to a pre-feasibility study.

Highlights of the survey include:

Seven strong geophysical targets identified throughout project area
Three priority targets with coincidental gold, copper, silver, and molybdenum in geochemical or drilling results
Multiple anomalies located within the same structural corridor as the North, South, and Tizate zones
Follow-up evaluation being conducted over several targets to delineate priorities for a follow-up drill program

Geologix, President and CEO, Dunham Craig, said:

We are pleased with these latest results as they give the Tepal project an exciting element of exploration potential to coincide with the ongoing development of the known deposits currently being advanced to a pre-feasibility study (“PFS”). The size of the exploration targets and our preliminary field examinations indicate that we are in a position to rapidly advance these targets toward a drill testing stage. Early drill testing is important as a new discovery could significantly impact final design in a definitive feasibility study.

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