Geologix Commences Drill Program to Test 5 New Target Areas at Tepal
Published : August 29, 2012
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Keywords :   Copper | G Mexico | Gold | Market | Mexico | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2012) - Geologix Explorations Inc. (News - Market indicators)(OTCQX:GIXEF)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUT:GF6) ("Geologix" and the "Company") is pleased to announce exploration drilling has commenced at its Tepal project in Michoacán state, Mexico.

The program of Reverse Circulation ("RC") drilling has 30 initial holes planned for testing five prospective new zones (Target Areas 1 through 5) as outlined through the Company's recent geophysical and surface sampling programs. Additional holes may be targeted based on assay results received during the initial drilling phase. Drilling has started within Target Area #3, where the Company recently reported a high concentration of elevated gold and silver values in rock samples within an area measuring 1,800 metres ("m") by 600m located near the project's proposed mill site. Individual assays up to 6.88 grams per tonne ("g/t") gold over 2.0m and 433 g/t silver over 1.6m were sampled within Target Area #3, as previously announced (see news release dated June 13, 2012 and/or the Company's website at www.geologix.ca for more details).

President and CEO, Dunham Craig stated, "Our exploration team is excited to get started with another round of exploration drilling at the Tepal project. The magnitude of the geophysical results, combined with the strong results from soil and rock sampling programs within several of these new areas, provides encouraging exploration potential as an add-on to the currently known resource zones being evaluated as part of the current Tepal pre-feasibility study. Understanding these new targets areas in advance of a bankable feasibility study will allow the Company to model future mine planning."

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 recently completed an upgraded resource estimation, which will be the basis of an upcoming pre-feasibility study expected to be completed in 2012. Field programs at Tepal are ongoing as the Company continues to explore for additional mineralization throughout the property, in an effort to expand the size of the resource and scale of a possible future mining operation.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Geologix Explorations Inc.
Dunham Craig
President & CEO
dcraig@geologix.ca
or
Geologix Explorations Inc.
Jeffrey Wilson
VP Corporate Communications
jwilson@geologix.ca
or
Geologix Explorations Inc.
604.694.1742 or Toll Free: 1.888.694.1742
www.geologix.ca
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Geologix Explorations Inc.

EXPLORATION STAGE
CODE : GIX.TO
ISIN : CA3719391094
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Geologix Expl. is a zinc and lead exploration company based in Canada.

Geologix Expl. holds various exploration projects in Mexico.

Its main exploration properties are RO PROPERTY in USA, LISCAY, CAYHUA, SAN FELIPE PROPERTY, SURA, TORO BLANCO and LA JOYA PROPERTY in Peru and EL CARMEN PROJECT, LIBERTAD, SILVER CLOUD, LA CASITA, CONSEJO, TEPAL and SAN AGUSTIN in Mexico.

Geologix Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 6.5 millions as of today (US$ 5.0 millions, € 4.4 millions).

Its stock quote reached its highest recent level on April 20, 2007 at CA$ 3.20, and its lowest recent point on January 29, 2016 at CA$ 0.02.

Geologix Expl. has 161 942 893 shares outstanding.

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Annual reports of Geologix Explorations Inc.
2008 Annual Report
2007 Annual Report
Financings of Geologix Explorations Inc.
7/3/2013Completes $1.0 Million Private Placement
8/6/2012Completes $2.5 Million Private Placement
6/29/2012to Carry Out $2 Million Private Placement
3/1/2011Closes Public Offering for Gross Proceeds of $23,000,736 Inc...
Nominations of Geologix Explorations Inc.
9/24/2009Appoints George Brack as Director
7/2/2009Appoints New VP Corporate Development
10/1/2008Re-Appoints Investor Relations Consultant And Grants Options
6/19/2008Jeff Wilson Appointed Vice President, Corporate Communicatio...
Project news of Geologix Explorations Inc.
5/8/2013(Silver Cloud)Sells Silver Cloud Exploration Property in Nevada to Rimrock...
2/4/2013(Tepal)Tepal PFS Optimization Study Increases Mill Gold Recovery 16...
8/29/2012(Tepal)Commences Drill Program to Test 5 New Target Areas at Tepal
7/16/2012(Tepal)Reports Remaining Tepal Sampling Results and Stregthens Dril...
6/13/2012(Tepal)Outlines New 1800 x 600 Metre Gold And Silver Enriched Zone ...
3/27/2012(Tepal)New Tepal Resource Estimate Increases Measured & Indicated T...
12/9/2011(Libertad)Completes Second Phase Drilling at Libertad Project and Elec...
12/1/2011(Tepal)Audio Interview - Dunham Craig Discusses Tepal Project Progr...
7/14/2011(Libertad)Commences Second Phase of Drilling at Libertad Project
7/5/2011(Tepal)New Tepal Project 3D Animated Drill Tour Video
4/11/2011(Tepal)New Preliminary Assessment Increases Tepal Project Net Posit...
4/11/2011(Tepal)New Preliminary Assessment Increases Tepal Project Net Posit...
4/5/2011(Tepal)Acquires 100% of Tepal Property by Accelerating Final Paymen...
3/20/2011(Tepal)New Resource Estimate Increases Indicated and Inferred Tonne...
2/24/2011(Tepal)Delivers Final Arian Silver Tepal Payment
1/12/2011(Tepal)Phase 2 Resource Expansion Drilling Commences at Tepal
5/3/2010(Libertad)Geophysical Survey Identifies Large Epithermal Precious Meta...
3/23/2010(La Joya Property)Options La Joya Project, Peru To Empresa Minera Los Quenuale...
3/16/2010(Libertad)Trenching At Libertad Project Identifies 1.25 Km Strike Of G...
10/14/2009(Silver Cloud)Acquires 100% Interest In Silver Cloud Property, Nevada
6/22/2009(Libertad)Options Libertad Gold-Silver Property in Sonora, Mexico
12/15/2008(San Agustin)Exercises San Agustin Option and Engages CIBC World Markets ...
8/21/2008(San Agustin) San Agustin Drills Significant Silver Intercept
7/24/2008(San Agustin)San Agustin Step Out Drilling Intersects Significant Mineral...
Corporate news of Geologix Explorations Inc.
7/25/2016Geologix Closes $1,105,000 Unit Offering
6/20/2016Geologix Enhances Management Team And Announces $1,105,000 U...
6/22/2015Geologix Announces AGM Results
12/24/2014Geologix Completes $599,000 Convertible Note Offering
11/12/2014Geologix Update and Private Placement Offer
7/31/2014Geologix Extends Warrants & Reduces Exercise Price
6/27/2014Geologix Announces Results of AGM Voting
5/27/2014Geologix Sells Non-Core Assets to Argonaut Gold Inc.
5/14/2014Geologix Announces Adoption of Advance Notice Policy for Ele...
4/8/2014Geologix's Tepal Project Receives Permit Approval
10/23/2013PROVIDES OPERATIONAL UPDATE
7/24/2013(Tepal)Statement Of Tepal Cash Costs To New World Gold Council Stan...
7/12/2013ANNOUNCES AGM RESULTS
6/17/2013to Carry Out $1 Million Private Placement
5/7/2013(Tepal)Files Tepal Prefeasibility Study Report on Sedar
3/19/2013(Tepal)Announces Results Of Positive Prefeasibility Study At Tepal
11/8/2012(Tepal)Announces Initial Drill Results From Prospect Drilling at Te...
4/5/2012to Commence Trading on the United States' OTCQX on Thursday,...
3/1/2012(Tepal)in The Northern Miner - Geologix Looks at the Bigger Picture...
2/29/2012Acquires Option to Earn 100% of La Carreta Property in Micho...
2/23/2012(Tepal)Airborne Geophysics & Fieldwork Identify Multiple New Drill ...
2/16/2012North Zone Drilling Confirms Higher-Grade Starter Pit-New Re...
2/7/2012Adopts Shareholder Rights Plan
2/4/2012Dunham Craig Provides Company Update in Interview with Al O'...
1/17/2012(Tepal)Tepal Drilling Continues to Extend South Zone at Depth with ...
1/17/2012(Tepal)'s Tepal Drilling Continues to Extend South Zone at Depth Wi...
1/5/2012to be Featured by CEO Clips on the Documentary Channel Start...
12/12/2011(Ro Property)JV Partner CMQ Resources Commences Drilling at Geologix's RO...
12/5/2011(Tepal)Tepal Drilling Extends Tizate Zone at Depth and Encounters M...
12/2/2011Mines & Money London 2011
12/2/2011(Tepal)Completes 1,151 Line Kilometre Airborne Survey And Property-...
10/26/2011(Tepal)Tepal Drilling Extends Depth of South Zone with Elevated Gra...
7/20/2011(Tepal)Drilling at Tepal Expands Tizate Zone With 240 Metres of 0.1...
6/13/2011(Tepal)Accelerates Programs at Tepal with 7 Drill Rigs
8/3/2010Tepal Metallurgical Test Work Delivers Positive Results
4/14/2010Tepal Geophysical Survey Identifies Multiple High Priority D...
3/25/2010Options Peru Properties To Rae Wallace Mining Company
3/8/2010Closes $4,059,049 Public Offering
3/5/2010Delivers 2010 Tepal Project Option Payment to Arian Silver
3/4/2010Sets Offering Terms And Files Final Short Form Prospectus
1/29/2010and Arian Execute Definitive Option to Purchase Agreement fo...
1/28/2010Engages Salman Partners for Proposed Financing and Files Pre...
1/21/2010Aquires 100% Interest in Peruvian Properties
1/19/2010Notifies Arian Of Intention To Proceed With Option To Purcha...
11/5/2009Acquires Right To Purchase 100% Interest In The Tepal Gold-C...
2/20/2009to Initiate Aggressive Plan of Acquisition and Development f...
2/10/2009Elects not to Exercise San Agustin Option
9/12/2008to be Featured on Business Television
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