Monday 24th October 2016

Resource Clips

Geologix reports Mexico Results as high as 1.04 g/t Gold over 188.8m

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

1.04 g/t gold, 0.4% copper and 2.7 g/t silver over 188.8 metres
(including 1.45 g/t gold, 0.44% copper and 1.3 g/t silver over 104.8 metres)
0.91 g/t gold, 0.35% copper and 1.3 g/t silver over 142.6 metres
(including 1.04 g/t gold, 0.38% copper and 1.2 g/t silver over 112 metres)
0.72 g/t gold, 0.18% copper and 2.1 g/t silver over 121.4 metres
(including 0.89 g/t gold, 0.2% copper and 2.3 g/t silver over 83 metres)
0.22 g/t gold, 0.12% copper and 2.5 g/t silver over 104 metres
(including 0.41 g/t gold, 0.24% copper and 1.2 g/t silver over 155 metres)

President/CEO Dunham Craig stated, “Once again, we are very pleased with the progress being made through this latest drill program. Not only do these results expand the depth of mineralization with elevated gold and copper grades, but the large footprint and steadily increasing grade at depth give us an opportunity to consider adding an underground bulk mining element into the mine plan, which would be a positive add-on to the current open-pit mining schedule. Given that these extension intervals coarsely define an area, below the pit bottom, measuring 200 metres by 200 metres by 100 metres, this additional discovery has potential to add considerably to the Tepal Project’s economics.”

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Dunham Craig
or Jeffrey Wilson
VP of Corporate Communications

by Greg Klein

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