Thursday 27th October 2016

Resource Clips

Geologix reports Mexico Results of 0.32 g/t Gold, 0.15% Copper over 226.1m

Resource Clips - essential news on junior gold mining and junior silver miningGeologix Explorations Inc TSX:GIX announced assays from its Tepal Gold-Copper Project in Michoacán State, Mexico. Results include

0.32 g/t gold, 0.15% copper and 1 g/t silver over 226.1 metres
0.32 g/t gold, 0.14% copper and 1.2 g/t silver over 232.9 metres
0.26 g/t gold, 0.19% copper and 1.9 g/t silver over 140.7 metres
0.34 g/t gold, 0.18% copper and 1.7 g/t silver over 85 metres
0.19 g/t gold, 0.21% copper and 2 g/t silver over 141.4 metres
0.21 g/t gold, 0.17% copper and 2.5 g/t silver over 107.9 metres

President/CEO Dunham Craig remarked, “We are pleased with the first results from the Tizate Zone drilling as once again drill results from this important program are meeting our main objective to achieve the necessary drill density to upgrade the resource category in an updated resource estimation for a prefeasibility study. We are equally pleased to see several intersections of elevated gold grades within the central portion of Tizate. We’re also encouraged by depth extension results from holes TIZ-11-062, TIZ-11-063 and TIZ-11-065 that appear to be expanding the mineralization at depth with higher-than-average grades. These latest results combined with the 37 resource expansion holes drilled at Tizate earlier in the year (subsequent to the April 2011 PEA and reported in the news release dated July 20, 2011) give us encouragement for the potential to expand Tizate.”

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Dunham Craig
or Jeffrey Wilson
VP of Corporate Communications

by Greg Klein

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