Geologix Explorations Inc.
TSX VENTURE : GIX
FRANKFURT : GF6

Geologix Explorations Inc.

January 18, 2008 07:30 ET

Geologix Continues to Drill Higher Grade at San Agustin, Mexico

SA-133: 216.1 metres of 0.61 g/t Au, 30.45 g/t Ag, 0.29% Pb, 1.34% Zn

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2008) - Geologix Explorations Inc. (TSX VENTURE:GIX)(FRANKFURT:GF6)

To view News Release, Plan Maps and Cross Section in PDF Format, please click on the following link: http://www.geologix.ca/i/pdf/NR_PM_CS_08.pdf

Geologix Explorations Inc. (the "Company") is pleased to announce that drilling in Zone 2 continues to provide increased grades and continuity. Phase II drilling produced three additional vertical drill sections that exhibit excellent grades, lengths, and continuity over 150 metres on strike and from 250 to 325 metres in width. Drill holes penetrate to a maximum of 250 meters vertical depth and all holes end in mineralization. Highlights include:

- SA-133: 216.1 metres of 0.61 g/t Au, 30.45 g/t Ag, 0.29% Pb, 1.34% Zn

- SA-132: 217.5 metres of 0.45 g/t Au, 25.51 g/t Ag, 0.23% Pb, 0.80% Zn

- SA-130: 207.0 metres of 0.48 g/t Au, 43.55 g/t Ag, 0.17% Pb, 0.49% Zn

Attached to this press release are a plan map and five vertical sections. The Company strongly recommends the reader review these sections to examine the grade and continuity that shows 350 metres of strike in the Main Zone and adjoining Zone 2. Sections 650EB and 550EB have been previously released. Sections 450EB, 400EB and 350EB are pertinent to new drill holes in this press release. To view the press release and all sections please use the View News Release and Maps in PDF Format link above or go to the Company's website at www.geologix.ca.

Dunham Craig, President and CEO, stated: "The more we drill San Agustin, the more we are pleased with the increased grades we encounter and the continuity of the mineralization. Clearly, we are just beginning to define the deposit size. Drilling continues to show that mineralization is open in all directions. A large drill is arriving on site this week capable of drilling HQ core to 700 metres. This will allow the company to drill test mineralization to a greater depth as well as further defining the width of the deposit. Our in-house exploration model is working to delineating a gold-silver deposit which, if commercially viable, would have a significant lead and zinc component to contribute to operating costs. This could potentially greatly reduce the production cost per ounce for precious metals similar to several polymetallic deposits currently in operation or under development."

Drilling Progress

At San Agustin 20 additional drill holes have been completed and submitted to the assay lab. Two drills are currently on site with a third, larger drill arriving in mid January 2008. Due to the sequence of drilling and receipt of assay results, the Company prefers to issue information on a section-by-section basis, if possible. Given the continuing positive drill results, the company is expanding it's drill activity with the intention of beginning prefeasibility work in the third quarter 2008.



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San Agustin Drill Assay Results (Phase II)
(Bold Type equals Vertical Section Interval)
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From To Length Au Ag
Hole # Zone (m) (m) (m) (g/t) (g/t) Pb% Zn% Section
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SA-20(i) Zone 2 0 100 100.00 0.39 23.41 0.24 0.38
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2.00 22.00 20.00 0.39 10.03 0.23 0.16
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34.00 100.00 66.00 0.42 31.77 0.27 0.49
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SA-128(i) Zone 2 4.10 151.00 146.90 0.41 37.08 0.17 1.27 450EB
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22.50 30.00 7.50 1.22 84.32 0.20 0.03
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46.50 151.00 104.50 0.46 44.29 0.19 1.76
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SA-130 Zone 2 0.00 240.00 240.00 0.43 38.05 0.16 0.45
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32.00 239.00 207.00 0.48 43.55 0.17 0.49
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SA-126(i) Zone 2 0.00 200.00 200.00 0.25 19.40 0.07 0.41
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37.60 200.00 163.40 0.30 22.86 0.06 0.46 400EB
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SA-132 Zone 2 0.00 229.50 229.50 0.43 23.43 0.22 0.66
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38.50 255.75 217.25 0.45 25.51 0.23 0.80
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SA-125 Zone 2 0.00 251.80 251.80 0.23 19.73 0.14 0.34
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19.40 28.00 8.60 0.25 16.72 0.09 0.11
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52.10 61.00 7.90 0.55 8.88 0.04 0.11
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102.00 251.80 149.80 0.25 26.01 0.19 0.51 350EB
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SA-133 Zone 2 0.00 323.20 323.20 0.45 23.25 0.22 0.94
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31.00 48.50 17.50 0.30 13.52 0.10 0.11
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79.60 87.00 7.40 0.16 22.35 0.31 0.32
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107.10 323.20 216.10 0.61 30.45 0.29 1.34
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(i) Previously released


The table below is a calculation of the length weighted assay drill intervals average for drill holes displayed on the sections. The table represents length weighted assay averages only and is not an estimate of the San Agustin deposit resource, grade or tonnage of the sections.



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SECTIONAL GRADE AVERAGES(i)

(LENGTH WEIGHTED ASSAY INTERVALS ON SECTIONS)
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Section Au g/t Ag g/t Pb% Zn%
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350EB 0.45 27.23 0.24 0.91
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400EB 0.39 24.38 0.16 0.65
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450EB 0.48 40.92 0.19 0.80
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550EB(ii) 0.61 23.29 0.14 0.63
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650EB(ii) 0.91 10.15 0.02 0.41
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LENGTH WEIGHTED ASSAY INTERVALS ON ABOVE SECTIONS
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Average 0.64 21.95 0.12 0.62
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(i) all values length weighted

(ii) Previously released sections
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The company has completed specific gravity tests on 138 representative oxide and sulphide samples which average 2.66 S.G.

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.

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 in Canada & USA: 1-888-694-1742
    Email: mmallard@geologix.ca
    or
    Geologix Explorations Inc.
    Dunham Craig
    President & CEO
    (604) 694-1742 or Toll Free in Canada & USA: 1-888-694-1742
    Email: dcraig@geologix.ca
    Website: www.geologix.ca