Press release from Marketwire
Geologix Completes 1,151 Line Kilometre Airborne Survey and Property-Wide Sampling and Mapping Programs at Tepal
Friday, December 02, 2011
Geologix Completes 1,151 Line Kilometre Airborne Survey and Property-Wide Sampling and Mapping Programs at Tepal10:01 EST Friday, December 02, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2011) - Geologix Explorations Inc. (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUTTGART:GF6) (the "Company") is pleased to announce the completion of an airborne geophysical survey over the entire Tepal project area. A total of 1,551 line kilometres were flown, at flight line spacings of 150 metres, over the entire 172 square kilometre Tepal project mineral concessions (1,421 line kilometre). A more detailed survey over the 19 square kilometre (130 line kilometres) core resource area was flown at 75 metre spacings. The survey was completed by Aeroquest Limited and utilized the AeroTEM IV system for electromagnetic and magnetic data collection. The survey also included the Aeroquest AGRS spectrometry system to collect radiometric data over the property.Results from the survey will enable the Company to characterize the various geophysical signatures found over the immediate resource areas (North Zone, South Zone, and Tizate) within the core group of claims and apply these signatures to locate and define additional exploration target areas on the remaining and yet unexplored property holdings. Processing of the data is underway and results are expected for early 2012.The airborne survey results will be merged and reviewed in conjunction with other, previously collected data, including an Induced Polarization survey, a property-wide silt survey conducted in 2011 (201 silt samples), a detailed soil sample survey east and northeast of Tizate (531 soil samples), as well as property wide geological mapping and rock sampling.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: Dunham CraigGeologix Explorations Inc.President & CEO604.694.1742 or Toll Free: email@example.comORJeffrey WilsonGeologix Explorations Inc.VP Corporate Communications604.694.1742 or Toll Free: firstname.lastname@example.orgThe Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.