Geologix Explorations Inc. (TSX:GIX,FWB:GF6,OTCQX:GIXEF) released the results of its Prefeasibility Study for its Tepal Gold-Copper Project in Mexico. The estimated post-tax NPV at a 5% discount is $421 million with an IRR of 28%, with an estimated payback period of 2.7 years pre-tax and 3.2 years post-tax. The estimated mine life is 11.5 years, with an average milling rate of 38,700 tonnes per day.
The following companies have significant upcoming news catalysts that are expected in the next 30 days which have the potential to move the listed companies’ stock: Prosperity Goldfields (TSXV:PPG) and Geologix Explorations Inc. (TSX:GIX).
Recent prefeasibility optimization metallurgical test work by Geologix Explorations Inc. (TSX:GIX,FWB:GF6,OTCQX:GIXEF) indicates the potential to increase overall gold recovery in the sulphide mill design by 16.4% and silver recoveries by 31.4% compared to the April 2011 Preliminary Assessment Study.
Geologix Explorations Inc. (TSX:GIX) provided an update on the current status of its Tepal project pre-feasibility study. As part of the later stages of the study, alternative processing procedures were proposed for the project.
Geologix Explorations Inc.(TSX:GIX) announced that it has commenced the latest exploration drilling at its Tepal project to test five prospective zones. The new Reverse Circulation drill program has planned to initially drill 30 holes at the project.
Geologix Explorations Inc.(TSX:GIX) announced its intenetion to carry out a new private placement for gross proceeds of up to $2,000,000. The Company plans to use the proceeds from the placement for the continued exploration of new targets.
Geologix Explorations Inc. (TSX:GIX,OTCQX:GIXEF) is now trading on the OTCQX, under the symbol "GIXEF".
Geologix Explorations Inc.(TSX:GIX) announced the latest resource updates from its Tepal project. The company reported results from 41,247.5 m of drilling during 2011 at the Mexican property. Geologix are aiming to complete a pre-feasibility study by the end of Q2.
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.(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. :
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