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.
Geologix Explorations Inc.(TSX:GIX, FWB:GF6) announced that Montezuma Mines Inc. commenced drilling on Geologix's South Sleeper Project. Montezuma are operating under an Exploration and Option to Enter Joint Venture Agreement. Montezuma may earn 55% interest in the property by funding $3,000,000 over a 5 year period under the terms of the agreement.
As quoted in the press release:
Geologix Explorations Inc. (TSX:GIX,FWB:GF6) announced the completion of a second phase drill program consisting of 5 holes totaling approximately 1,150 metres and targeted an untested central portion of a larger structure mineralized at surface.
Geologix Explorations Inc. (TSX:GIX,FWB:GF6) announced initial results from the current resource expansion and infill drilling programs at its Tepal property in Michoacán state, Mexico.
Geologix Explorations Inc. (TSE:GIX) reports results from its resource expansion drilling programs at its Tepal property in Michoacán state, Mexico.
Geologix Explorations Inc. (TSE:GIX) reports the beginning of a second phase diamond drilling program at the Libertad project in Sonora state, Mexico.
Geologix Explorations Inc. (TSE:GIX) reports positive results from the Tepal project's updated NI 43-101 Preliminary Assessment Study
Geologix Explorations Inc. (TSE:GIX) reports acquiring 100% of Tepal property by accelerating its final payment.
Geologix Explorations Inc. (TSE:GIX) reports the results of a revised resource estimate with the results from its drilling Tepal project in Michoacán state, Mexico.
Geologix Explorations Inc. (TSE:GIX) reports it has completed a bought deal offering of 34,849,600 common shares of the Company.
Tuesday, January 17, 2012