Geologix Explorations Inc.
TSX VENTURE : GIX
FRANKFURT : GF6
BERLIN : GF6

Geologix Explorations Inc.

September 03, 2008 07:30 ET

Geologix Commences Aggressive Drill Testing of Exploration Targets at San Agustin, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2008) - Geologix Explorations Inc. (the "Company") (TSX VENTURE:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUTTGART:GF6)(MUNICH:GF6) is pleased to advise that following the successful completion of the 15,000 metre drill commitment within the resource area to Silver Standard Resources (TSX:SSO), the Company has commenced an aggressive exploration drill program on its property holdings (1,078 hectares) at the San Agustin Project, Durango State, Mexico. The program is aimed at testing significant exploration targets outside of the immediate resource areas. The reader is encouraged to refer to the geology, geochemistry and geophysics plan maps that accompany this press release (to view news release and maps in PDF format please click on: http://www.geologix.ca/i/pdf/2008-09-03-NR.pdf) or review the Company's web site at www.geologix.ca.

Exploration Program

Exploration programs conducted by the Company on the San Agustin, Consejo and El Carmen properties consisted of compilation of historic work, geological mapping and sampling, trenching (5,360 metres), soil geochemical sampling (3712 samples) and geophysical programs (30.7 line kilometres). Results of these various surveys have highlighted numerous target areas that suggest significant potential to discover areas of mineralization analogous to the mineralization as is being currently outlined in the San Agustin resource areas. Target areas show signatures that are comparable to those seen over known mineralization (Main Zone, Zone 2 and Zone 4) at San Agustin.

A reverse circulation (RC) drill rig has arrived at site and has commenced drill testing of these exploration targets. A minimum of 3,000 metres are scheduled to be completed in the first phase of the exploration drilling. This exploration drilling is above and beyond the meterage planned and budgeted for Phase III resource definition drilling.

To date the Company has completed 34,560 metres of drilling on the property of which 17,930 metres are part of the on-going Phase III resource definition and expansion program. The Company anticipates completion of a second resource estimate in early October, 2008.

Dunham L. Craig, President and CEO, stated: "Even though we are still having great success at San Agustin in expanding our resource along strike, width and depth with continued resource definition drilling, the quality and strength of the property wide exploration data and associated anomalies warrant the shifting of some drilling focus in order to prove up the top tier mineral district the Company believes exists on the property."

Qualified Person

Geologix's President, Dunham Craig, 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 news release.

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 TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Geologix Explorations Inc.
    Jeffrey R. Wilson
    V.P. Corporate Communications
    (604) 694-1742 or Toll Free in Canada & USA: 1-888-694-1742
    Email: jwilson@geologix.ca
    or
    Geologix Explorations Inc.
    Dunham Craig
    President & CEO
    (604) 694-1742
    Email: dcraig@geologix.ca
    Website: www.geologix.ca