Articles Tagged "geologix explorations inc."

Options to Earn 100% Interest in La Carreta Property in Mexico Acquired by Geologix

Geologix Explorations Inc. (TSX:GIX,FWB:GF6) has acquired an option to earn a 100% interest in the La Carreta gold-copper-silver property in Michoacán State, Mexico -- located approximately 20 km north-east of the Company's Tepal project. Initial grab samples from the property have provided analytical results of up to 2.16 g/t gold, up to 305.00 g/t silver, and 1.29% copper.

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.

Depth Extension With Higher Grade Interval at Tepal

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.

Drilling Commenced at Geologix’s RO Property, Nevada

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: