The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Geologix Explorations Inc.: Phase 2 Resource Expansion Drilling Commences at Tepal

Wednesday, January 12, 2011

Geologix Explorations Inc.: Phase 2 Resource Expansion Drilling Commences at Tepal09:01 EST Wednesday, January 12, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 12, 2011) - Geologix Explorations Inc. (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUNICH:GF6)(STUTTGART:GF6) (the "Company") is pleased announce the commencement of the next phase of resource expansion and exploration drilling at the Tepal gold-copper project in Michoacán State, Mexico.Two diamond drill rigs have been mobilized to the project and have commenced a proposed 10,000 metre resource expansion and exploration drill program designed to test the limits of the mineralization recently encountered at the Tizate zone, which remains open in several directions, specifically to the northeast and at depth. The later stages of this program will then follow up with in-fill drilling required to bring the newly delineated Tizate zone into inferred and indicated categories.In late 2010 Geologix drilled a total of fourteen holes in the Tizate Zone. The assay results from the first three holes were announced in a press release dated December 16, 2010. The balance of the 2010 Tizate zone drill results are expected to be released shortly.Geologix Explorations Inc. is a mineral exploration company focused on acquiring, exploring and developing mineral resource opportunities with the potential to host world class mineral deposits. The Company's primary focus is the Tepal Gold-Copper Porphyry Project in Michoacán State, Mexico, where the Company has completed a Preliminary Economic Assessment study ("PEA") of the existing resource and is continuing to aggressively explore for additional gold and copper mineralization in an effort to expand the size of the resource and scale of the possible future mining operation.FOR FURTHER INFORMATION PLEASE CONTACT: Jeffrey WilsonGeologix Explorations Inc.V.P. Corporate Communications(604) 694-1742Toll Free in Canada and USA: 1(888) 694-1742jwilson@geologix.caORDunham CraigGeologix Explorations Inc.President & CEO(604) 694-1742dcraig@geologix.cawww.geologix.caThe Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.