Monday 24th October 2016

Resource Clips

Geologix reports Mexico Assays up to 0.54 g/t Gold, 0.26% Copper over 279.5m

Resource Clips - essential news on junior gold mining and junior silver miningGeologix Explorations Inc TSX:GIX announced results from its Tepal Property in Michoacán State, Mexico. Highlights include

0.54 g/t gold, 0.26% copper and 1.3 g/t silver over 279.5 metres
(including 0.86 g/t gold, 0.38% copper and 0.9 g/t silver over 102.5 metres)
0.39 g/t gold, 0.21% copper and 0.5 g/t silver over 213.4 metres
0.88 g/t gold, 0.26% copper and 1.4 g/t silver over 79.9 metres
0.59 g/t gold, 0.27% copper and 1.4 g/t silver over 140 metres
0.67 g/t gold, 0.25% copper and 1 g/t silver over 91.1 metres
0.67 g/t gold, 0.3% copper and 0.8 g/t silver over 64.1 metres

President/CEO Dunham Craig stated, “We are pleased with the initial South Zone results as they fulfill our targets of expanding the deposit’s potential size, encountering higher-than-average grades over sizable widths and confirming the potential to upgrade the resource to a higher mineral category in preparation for a new resource to be used in a prefeasibility study. We’re specifically pleased with the depth extension and higher grades encountered in hole TEP-11-012, as it’s the first reported hole to test beneath the previous resource boundary. With over 140 holes yet to be reported from this program, these early results give us encouragement for the potential to identify additional mineralization at depth in subsequent holes yet to be reported from the South and North zones.”

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Dunham Craig
or Jeffrey Wilson
VP of Corporate Communications

by Greg Klein

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