Byron Capital Markets

Byron Capital Markets

December 15, 2010 09:09 ET

Byron Capital Markets Initiates Geologix Explorations With a Buy Rating and C$1.50 Target Price

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) - Byron Capital Markets, a division of Byron Securities Limited, is pleased to announce that it has initiated coverage today on Geologix Explorations Inc (TSX:GIX) with a Buy rating and a target price of $1.50.

In this 23-page research report, mining analyst Drew Clark gives a comprehensive overview of the company, with a focus on the exploration and development work at the company's flagship Tepal gold-copper porphyry project located in the Michoacan state in central Mexico, and evaluation of their other mineral properties in Mexico, the United States and Peru.

This report further exemplifies Byron Capital Markets' continuing commitment to research and, in particular, its ongoing efforts in the gold and mining sectors.

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