Geologix Explorations Inc.
TSX VENTURE : GIX
FRANKFURT : GF6

Geologix Explorations Inc.

December 03, 2007 15:33 ET

Geologix Drills High Grade in Area North of Zone 2 at San Agustin, Mexico

SA-128: 104.5 metres of 0.46g/t Au, 44.29 g/t Ag, 0.19% Pb, 1.76% Zn SA-129: 70 metres of 0.55 g/t Au, 108.94 g/t Ag, 0.24% Pb, 0.51% Zn

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2007) - Geologix Explorations Inc. (TSX VENTURE:GIX) (FRANKFURT:GF6) -

To view News Release and Maps in PDF Format click on the following link: http://www.geologix.ca/i/pdf/2007-12-03_NR.pdf

Geologix Explorations Inc. (the "Company") is pleased to announce that drill holes SA-128 and SA-129 have extended mineralization on the northern edge of Zone 2.

Dunham Craig, President and CEO stated: "Drilling on the north end of the Zone 2 Area has produced some of the most spectacular results on the property to date. Gold, silver and zinc grades appear to be increasing at depth as both holes ended in significant mineralization. The last 5 metres in drill hole SA-128 assayed 0.47 g/t Au, 28.20 g/t Ag, 0.31% Pb and 2.61% Zn. The last 5.8 metres in drill hole SA-129 assayed .27 g/t Au, 12.30 g/t Ag, 0.10% Pb and 0.75% Zn. These 150 metre long holes indicate the northern edge of Zone 2 extends beyond previous drill indications and is still open both in width and to depth. The holes will be re-entered and extended at an available time.

As we continue to explore San Agustin, our drilling continues to discover additional high grade as is evident in Zone 4 also (see press release dated November 16, 2007: www.geologix.ca/s/NewsReleases.asp?ReportID=272206). These zones of increased grade greatly enhance the projects future economics when considering a large bulk mineable polymetallic deposit." The company recommends opening the plan map attachments (Plan Map: http://www.geologix.ca/i/pdf/2007-12-03_NRM1.pdf) (Plan Map Enlargement: http://www.geologix.ca/i/pdf/2007-12-03_NRM2.pdf) and Section 550EB (Section 550EB: http://www.geologix.ca/i/pdf/2007-12-03_NRM3.pdf) by clicking these links for clarification of the below.



San Agustin Phase ll Drill Results
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Drill Length Au Ag
Hole # From To (m) g/t g/t Pb% Zn%
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SA-128 4.1 151.0 146.9 0.41 37.08 0.17 1.27
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including 46.5 151.0 104.5 0.46 44.29 0.19 1.76
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including 79.6 151.0 71.4 0.49 29.94 0.23 2.47
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SA-129 4.55 150.0 145.45 0.32 55.78 0.17 0.31
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including 21.8 44.15 22.35 0.19 8.90 0.22 0.13
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including 80.0 150.0 70.0 0.55 108.94 0.24 0.51
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including 109.6 139.6 30.0 0.76 220.35 0.27 0.52
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Drilling Progress

At San Agustin, 28 additional drill holes have been completed and have been submitted to the assay lab. Two drills are currently on site with a third, larger drill expected on site in late December 2007. The company plans to drill well into 2008 on the project.

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 or 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