Chart usGOLD   Chart usSILVER  
 
Food for thought
Numbers are like people - torture them enough and they will tell you anything.
.  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1349.901.63
Silver 21.490.02
Platinum 1448.0012.50
Palladium 736.402.20
WORLD MARKETS
DOWJONES 15354120
NASDAQ 349934
NIKKEI 15361223
ASX 518526
CAC 40 401312
DAX 845557
HUI 246-10
XAU 97-3
CURRENCIES (€)
AUS $ 1.3161
CAN $ 1.3216
US $ 1.2862
GBP (£) 0.8457
Sw Fr 1.2455
YEN 131.8980
CURRENCIES ($)
AUS $ 1.0233
CAN $ 1.0273
Euro 0.7775
GBP (£) 0.6577
Sw Fr 0.9681
YEN 102.5440
RATIOS & INDEXES
Gold / Silver62.82
Gold / Oil14.11
Dowjones / Gold11.37
COMMODITIES
Copper 3.30-0.02
WTI Oil 95.68-0.34
Nat. Gas 4.120.07
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
( 0 vote, 0/5 ) Print article
     
Tweet

Re:        News - Thursday, September 30, 2010
Title:     Tepal Oxide Cap Metallurgical Test Work Delivers 78.4% Gold Recovery

Vancouver, B.C., September 30, 2010 -- Geologix Explorations Inc. (TSX:GIX) (the "Company" or "Geologix") is pleased to announce, further to previous announced sulphide metallurgical results, it has completed extensive cyanide bottle-roll and column metallurgical test work on the oxide portion of the Tepal Project resource and has received favourable recoveries of 78.6% for gold in the bottle-roll and 78.4% for gold in the heap leach column tests, respectively. Cyanide consumption is low at 1.6 kilograms (kg)/tonne.

Tepal Project Oxide Recoveries

Bottle-Roll Tests

Gold %

Cyanide Consumption

78.6 %

1.4 kg/tonne

Column Leach Tests

Gold %

Cyanide Consumption

78.4 %

1.6 kg/tonne

Bottle-Roll Tests

P801.7mm Feed Size, 96-hour leach time

Column Leach Tests

12.5mm Feed Size, 88-days leach time



Dunham Craig, President and CEO stated "Once again, test work from Tepal has exceeded our expectations. Although the oxide portion of the Tepal resource only represents 14.5% of the resource, it's highly beneficial to project economics to get these types of recoveries from the oxide test work. When we internally assessed the Tepal project's resource and metallurgical recoveries during our due diligence period earlier this year, we used lower recovery rates than those returned from our latest test work. However, when we couple the previously reported sulphide recoveries of 87.4% for copper and 60.7% for gold with these 78.4% oxide gold recovery rates, we project it should impact favourably upon our Preliminary Economic Assessment work currently being conducted by SRK Consulting of Vancouver, British Columbia. This initial indication of the project's potential positive economics, coupled with the current 5,000 metre resource expansion drilling campaign, provides the Company with significant encouragement for the ongoing advancement of this project."

Core samples used in the metallurgical testing were collected in both the North and South Zones of the Tepal resource and were blended to a metal grade equal to the grade of the oxide portion of the resource. Additionally, samples were selected to spatially represent the average oxide ore characteristics. The tests were completed on both the North and South Zones and weight averaged by zone resource tonnages to derive an average recovery and reagent consumptions for the deposit. The bottle-roll and column leach test work was completed by McClelland Laboratories Ltd.., Sparks, Nevada under the direct supervision of William Joseph Schlitt, Consulting Metallurgist to the Tepal project. The oxide material represents 14.5% of the total Tepal project resource estimation, released by ACA Howe International Ltd. (see January 19, 2010 Press Release).

An alternative oxide processing method consisting of bench-scale flotation test work followed by cyanide-leaching of the resultant oxide concentrate is currently being investigated using a similar deposit representative sample selection to the above oxide test work. This flotation and bottle-roll test work portion of the review was conducted by G & T Metallurgical Services Ltd. in Kamloops, British Columbia.

Positive results were reported earlier from the sulphide mineralized portion of the Tepal project resource estimation (see August 3, 2010 Press Release).

Dunham L. Craig, P.Geo., a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators, has reviewed and verified the data contained in this news release.

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 Michoac�n State, Mexico, where the Company is aggressively exploring for potential resource expansion, and advancing toward preliminary economic assessment of the project in its ongoing effort to upgrade and increase the scale and viability of this emerging project.

CONTACT:

Jeffrey Wilson
V.P. Corporate Communications
Phone: (604) 694-1742
Toll Free in Canada and USA:
1 (888) 694-1742
Email: jwilson@geologix.ca

Dunham Craig
President & CEO
Phone: (604) 694-1742
Email: dcraig@geologix.ca
Website: www.geologix.ca

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

Copyright � 2010 GEOLOGIX EXPLORATIONS INC. (GIX) All rights reserved. For more information visit our website at http://www.geologix.ca/ or send email to info@geologix.ca ..
Message sent on Thu Sep 30, 2010 at 9:17:38 AM Pacific Time
Tweet

Geologix Explorations Inc.

EXPLORATION STAGE
CODE : GIX.TO
ISIN : CA3719391094
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Geologix Explorations Inc.
2008 Annual Report
2007 Annual Report
Financings of Geologix Explorations Inc.
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...
11/16/2010Share Price Triggers Warrants' Forced Exercise Provision
8/26/2010Completes $2.3 Million Private Placement
Nominations of Geologix Explorations Inc.
12/31/2010Appoints Mauricio Candiani Galaz to the Board of Directors
9/24/2009Appoints George Brack as Director
7/2/2009Appoints New VP Corporate Development
10/1/2008Re-Appoints Investor Relations Consultant And Grants Options
Project news of Geologix Explorations Inc.
12/29/2010(Tepal)Expands Land Position at Tepal Project
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
11/8/2010(Libertad)Libertad Drill Results Intersect 94 Metres Of 0.74 Grams Per...
1/17/2011(Tepal)Additional Drilling at Tepal Expands Tizate Zone
1/12/2011(Tepal)Phase 2 Resource Expansion Drilling Commences at Tepal
12/16/2010(Tepal)Tepal Drilling Identifies Significant New Gold and Copper Zo...
10/25/2010(Tepal)Tepal Resource Expansion Drilling Intersects 95 Metres of 1....
10/12/2010(Tepal)Tepal Preliminary Economic Assessment Mine Plan Estimates $3...
9/30/2010(Tepal)Tepal Oxide Cap Metallurgical Test Work Delivers 78.4% Gold ...
7/19/2010(Libertad)First Two Drill Holes At Libertad Discover Significant New G...
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 ...
11/6/2008(San Agustin)Reports Increased Resource Estimate For San Agustin Project,...
10/21/2008(Liscay)Discovers Additional Zone Of Bonanza Grades At Liscay Projec...
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.
11/8/2012(Tepal)Announces Initial Drill Results From Prospect Drilling at Te...
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
10/13/2008To Commence Trading On The Toronto Stock Exchange
9/12/2008to be Featured on Business Television
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (GIX.TO)
0.090-10.00%
TORONTO
CA$ 0.090
05/17 15:57 -0.010
-10%
Prev close Open
0.100 0.090
Low High
0.090 0.090
Year l/h YTD var.
0.090 -  0.190 -52.63%
52 week l/h 52 week var.
0.090 -  0.300 -60.87%
Volume 1 month var.
23,300 -18.18%
24hGold TrendPower© : -16
Produces
Develops
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2013-66.67%
20120.00%0.440.19
2011-59.70%0.820.19
2010204.55%1.000.18
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Get Investor Information
High Desert Gold
Select
& click