Geologix Commences Second Phase of Drilling at Libertad Project
Published : July 14, 2011
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Keywords :   Copper | Diamond | G Mexico | Gold | Market | Mexico | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2011) - Geologix Explorations Inc. (News - Market indicators)(FRANKFURT:GF6)(BERLIN:GF6)(MUNICH:GF6)(STUTTGART:GF6) (the "Company") is pleased to announce the commencement of a second phase Diamond drilling program at the Libertad project in Sonora state, Mexico.

The Company is proposing 5 holes totaling approximately 1,200 metres within a previously untested central portion of the project's gold and silver mineralized structure.

The Libertad project is located approximately 250 kilometres (km) northwest of Hermosillo. Geologix can earn up to an 85% interest in the project from Riverside Resources Inc. through a series of staged payments to Riverside totaling US$900,000 and work expenditures of US$5,000,000 over a period of six (6) years.

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.

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

VanEck Vectors Global Alternative Energy ETF

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 1.9 millions as of today (US$ 1.5 millions, € 1.3 millions).

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

Geologix Expl. has 47 442 200 shares outstanding.

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