Geologix Explorations Inc.
TSX VENTURE : GIX
FRANKFURT : GF6

Geologix Explorations Inc.

October 24, 2007 09:36 ET

Geologix Continues With Positive Drill Results at San Agustin, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2007) -

View News Release in PDF Format - http://www.geologix.ca/i/pdf/2007-10-24_NR.pdf

View Maps in PDF Format - http://www.geologix.ca/i/pdf/2007-10-24_NRM.pdf

Geologix Explorations Inc. (the "Company")(TSX VENTURE:GIX)(FRANKFURT:GF6) is pleased to announce that infill drilling with holes SA-107 and SA-108 continues to confirm target expectations on it's San Agustin project in Durango State, Mexico.

Dunham Craig, President and CEO stated: "Drilling is meeting or exceeding our expectations for the development of a large bulk tonnage precious and base metals deposit. Typical of these polymetallic, bulk tonnage systems, we see zones of varying values in gold, silver, lead and zinc. On balance, these metals combine to give a potentially economic value for the overall mineralization. Currently, sectional drilling has not defined the limit of mineralization, especially in the Main Zone, Zone 2 and Zone 4 where large tonnage potential continues to be indicated. We are continually encouraged by the project's results to date and foresee good reasons to continue aggressively with the program at San Agustin."

The company recommends opening the attachment Section 650 EB by clicking this link (http://www.geologix.ca/i/pdf/2007-10-24_NRM1.pdf) for clarification of the below. A plan is also available by opening this link (Plan Map: http://www.geologix.ca/i/pdf/2007-10-24_NRM2.pdf).



San Agustin - Section 650EB Assays
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Drill Hole From To Length Au Ag Pb Zn
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(metres) (metres) (metres) g/t g/t % %
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SA-18(i) 0.00 74.00 74.00 0.34 10.3 0.05 0.22
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SA-34(i) 2.00 70.00 68.00 3.52 42.0 0.02 0.02
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SA-67(i) 103.00 199.00 96.00 0.91 10.4 0.01 0.53
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SA-70(i) 66.00 138.00 72.00 0.80 6.4 0.01 0.51
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SA-69(i) 46.00 148.00 102.00 0.38 4.7 0.01 0.54
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SA-95(i) 33.00 238.00 205.00 1.18 6.8 0.01 0.35
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SA-107 0.00 139.70 139.70 0.40 13.4 0.02 0.37
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SA-108 73.80 296.50 222.70 0.64 5.1 0.01 0.53
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Section Average 0.91 10.15 0.01 0.41
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(i) Historical Drill Holes
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Drill holes SA-107 and SA-108 have infilled areas with historical drill holes with similar or better grades for gold, silver, lead and zinc. This drilling has confirmed that the style of mineralization is continuous and requires additional drilling on both sides and to depth. Section 650EB mineralization is now evident over 250 metres in width, 225 metres in depth and is completely open in all directions.

Section 650 EB mirrors values seen on sections previously released however with a substantial increase in gold values. Previously released sections in the Main Zone, Zone 2 and Zone 4 are over widths of 200 to 350 metres wide and are also open in all directions.

Drilling Progress

At San Agustin, 16 additional drill holes are completed and submitted to the assay lab. Two drills are currently on site and the company plans to drill well into 2008 on the project.

Qualified Person

Geologix's President and CEO, Dunham L. 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 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

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

Contact Information

  • Geologix Explorations Inc.
    Michael Mallard
    V.P. Corporate Communications
    (604) 694-1742 or Toll Free Canada and USA: 1-888-694-1742
    Email: mmallard@geologix.ca
    or
    Geologix Explorations Inc.
    Dunham Craig
    President & CEO
    (604) 694-1742 or Toll Free Canada and USA: 1-888-694-1742
    Email: dcraig@geologix.ca
    Website: www.geologix.ca