Geologix Explorations Releases Positive Prefeasibility Study at Tepal
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.