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News - Thursday, January 21, 2010
Geologix Aquires 100% Interest in Peruvian Properties
Vancouver, B.C., January 21, 2010
- Geologix Explorations Inc. is pleased to announce that it has acquired Newmont's interests in five Peruvian properties formerly held under joint venture with Newmont Peru S.R.L., a subsidiary of Newmont Mining Corporation (NYSE:NEM). Geologix is now 100% owner of the properties subject to a 2% NSR royalty on precious metals and 1% NSR Royalty on all other minerals payable to Newmont.
Dunham Craig, President and CEO stated "Geologix is pleased to consolidate its interest in these properties to a clear 100% ownership, subject to a NSR, as it gives clear direction for our business planning going forward. We thank Newmont for their participation in the joint ventures and found them to be an excellent business partner. We hope we have the opportunity to work together again in the future. "
In Peru, Geologix currently has nine 100% owned mineral properties. The five properties subject to the Newmont royalty are the La Joya, Liscay, Lagaritia, Mirko and Lachoc properties.
Geologix Explorations Inc. is a mineral exploration company focused on acquiring, exploring and developing gold properties in North and South America. The Company has a wealth of experience in the mining industry taking early stage exploration prospects to final feasibility and ultimately to production.
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
or send email to
Geologix Explorations Inc.
CODE : GIX.TO
ISIN : CA3719391094
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Annual reports of Geologix Explorations Inc.
2008 Annual Report
2007 Annual Report
Financings of Geologix Explorations Inc.
Completes $2.5 Million Private Placement
to Carry Out $2 Million Private Placement
Closes Public Offering for Gross Proceeds of $23,000,736 Inc...
Share Price Triggers Warrants' Forced Exercise Provision
Completes $2.3 Million Private Placement
Nominations of Geologix Explorations Inc.
Appoints Mauricio Candiani Galaz to the Board of Directors
Appoints George Brack as Director
Appoints New VP Corporate Development
Re-Appoints Investor Relations Consultant And Grants Options
Project news of Geologix Explorations Inc.
Expands Land Position at Tepal Project
Acquires 100% of Tepal Property by Accelerating Final Paymen...
New Resource Estimate Increases Indicated and Inferred Tonne...
Delivers Final Arian Silver Tepal Payment
Libertad Drill Results Intersect 94 Metres Of 0.74 Grams Per...
Additional Drilling at Tepal Expands Tizate Zone
Phase 2 Resource Expansion Drilling Commences at Tepal
Tepal Drilling Identifies Significant New Gold and Copper Zo...
Tepal Resource Expansion Drilling Intersects 95 Metres of 1....
Tepal Preliminary Economic Assessment Mine Plan Estimates $3...
Tepal Oxide Cap Metallurgical Test Work Delivers 78.4% Gold ...
First Two Drill Holes At Libertad Discover Significant New G...
Geophysical Survey Identifies Large Epithermal Precious Meta...
(La Joya Property)
Options La Joya Project, Peru To Empresa Minera Los Quenuale...
Trenching At Libertad Project Identifies 1.25 Km Strike Of G...
Acquires 100% Interest In Silver Cloud Property, Nevada
Options Libertad Gold-Silver Property in Sonora, Mexico
Exercises San Agustin Option and Engages CIBC World Markets ...
Reports Increased Resource Estimate For San Agustin Project,...
Discovers Additional Zone Of Bonanza Grades At Liscay Projec...
San Agustin Drills Significant Silver Intercept
San Agustin Step Out Drilling Intersects Significant Mineral...
Corporate news of Geologix Explorations Inc.
to Carry Out $1 Million Private Placement
Announces Initial Drill Results From Prospect Drilling at Te...
Tepal Metallurgical Test Work Delivers Positive Results
Tepal Geophysical Survey Identifies Multiple High Priority D...
Options Peru Properties To Rae Wallace Mining Company
Closes $4,059,049 Public Offering
Delivers 2010 Tepal Project Option Payment to Arian Silver
Sets Offering Terms And Files Final Short Form Prospectus
and Arian Execute Definitive Option to Purchase Agreement fo...
Engages Salman Partners for Proposed Financing and Files Pre...
Aquires 100% Interest in Peruvian Properties
Notifies Arian Of Intention To Proceed With Option To Purcha...
Acquires Right To Purchase 100% Interest In The Tepal Gold-C...
to Initiate Aggressive Plan of Acquisition and Development f...
Elects not to Exercise San Agustin Option
To Commence Trading On The Toronto Stock Exchange
to be Featured on Business Television
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