ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

GIX Geologix Explorations (delisted)

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Geologix Explorations (delisted) TSXV:GIX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Geologix Explorations Inc.: San Agustin Phase III Step Out Drilling Doubles Width in Zone 2

12/05/2008 1:37pm

Marketwired Canada


Geologix Explorations Inc. (TSX
VENTURE:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUTTGART:GF6)(MUNICH:GF6) - 


To View News Release and Maps in PDF Format, please click the following link:
http://media3.marketwire.com/docs/Geologix_May12.pdf


Geologix Explorations Inc. (the "Company") is pleased to announce that Phase III
drilling has doubled the width of Zone 2 from 250 metres to 500 metres on
Section 350, (Click here for Link,
http://media3.marketwire.com/docs/gix0512.pdf) which remains open in all
directions. The Phase III drill holes on Section 350 have increased the area of
mineralization by 175% on this section relative to Phase II drilling and the
results confirm that grade is increasing with depth. The Company is currently
commencing deeper drilling in these areas as holes end in strong mineralization.
Please see the Company's website at www.geologix.ca for a full set of plan maps
and sections.


Dunham Craig, President and CEO stated: "We are extremely pleased with the Phase
III expansion drilling on the project. Considering our company began receiving
new drill results only one year ago, we are impressed with how the
mineralization is rapidly expanding and showing very good continuity. Our past
years work is currently undergoing a new resource calculation up to the end of
Phase II drilling and we look forward to upgrading this preliminary resource
with the Phase III results later in the year."




Section 350 new results:

---------------------------------------------------------------------------
San Agustin Assay Results (Phase III Expansion)(i)
---------------------------------------------------------------------------
                       From       To   Length      Au      Ag
Hole #   Zone            (m)      (m)      (m)   (g/t)   (g/t)   Pb%   Zn %
---------------------------------------------------------------------------
SA-186   Zone 2        0.00   294.30   294.30    0.46   15.36   0.10   0.53
---------------------------------------------------------------------------
         including    30.70    56.00    25.30    0.29   19.98   0.03   0.08
---------------------------------------------------------------------------
         including   116.00   294.30   178.30    0.62   19.62   0.13   0.81
---------------------------------------------------------------------------
SA-187   Zone 2        0.00   350.40   350.40    0.25   24.05   0.16   0.84
---------------------------------------------------------------------------
         including     0.00   151.00   151.00    0.23   27.43   0.15   0.46
---------------------------------------------------------------------------
         including   161.70   176.85    15.15    0.27   28.27   0.07   0.44
---------------------------------------------------------------------------
         including   194.00   338.00   144.00    0.31   25.19   0.22   1.49
---------------------------------------------------------------------------
(i) Section 350 holes SA-125, SA 133 & SA-184 were previously released



Qualified Person

Geologix's Resource Geologist, Andrew Hamilton, B.Sc., 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 verified
the data (including sampling, analytical and test data) and prepared or
supervised the preparation of the information contained in this new release.


Quality Assurance & Control

The Company has implemented a quality assurance and control (QA/QC) program to
ensure sampling and analysis of all exploration work is conducted in accordance
with the best possible practices. The drill core is sawn in half with half of
the core samples shipped to ALS Chemex Laboratory Services Limited in Vancouver,
British Columbia for analysis. The other half of the core is retained for future
assay verification. The QA/QC policy includes the chain of custody monitoring,
insertion of blanks, standards and duplicates in the initial samples submitted.
The laboratory provides an additional internal control program.


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.


1 Year Geologix Explorations (delisted) Chart

1 Year Geologix Explorations (delisted) Chart

1 Month Geologix Explorations (delisted) Chart

1 Month Geologix Explorations (delisted) Chart