Geologix Explorations Inc.

Geologix Explorations Inc.

November 30, 2007 08:23 ET

Geologix Drilling Confirms New Zone Under Trench "L" at San Agustin, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2007) -

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Geologix Explorations Inc. (the "Company") (TSX VENTURE:GIX)(FRANKFURT:GF6) is pleased to announce that drill hole SA-105 under Trench "L", located approximately 250 metres northwest of previous drilling in Zone 2 has confirmed mineralization as discovered in Trench "L". The drilling supports a new and significant target area of mineralization on the property.

Dunham Craig, President and CEO stated: "Trenching has proven to be a very useful tool for the Company on this project when combined with geophysics and continues to be successful by finding this new area northwest of our previous drilling. The Company is pleased to intercept with drilling a wide zone of mineralization under Trench "L". This mineralization is significant as Trench "V" located 200 metres west of Trench "L" shows assay results over a wider zone with higher values (see Table below). The Company has completed a fence of three drill holes under Trench "V" and expects to see this area develop into a target for more detailed drilling. Drilling results under Trench "L" appear to have encountered part of the San Agustin mineralized system and it looks to be expanding towards Trench "V". We believe this new area has significant potential to add to our existing drill defined targets as it has all the signatures of the other zones on the property."

The company recommends opening the plan map attachment ( by clicking this link for clarification of the below.

San Agustin Assay Results (Phase II)
From To Length Au Ag Pb Zn
Hole # Zone (m) (m) (m) (g/t) (g/t) % %
Trench Zone2 72 225 153 0.66 4.41 0.06 0.06
"L"(i) NW
SA-105 Under 106 206 100 0.31 9.52 0.01 0.23
Trench Located 200 Metres West of Trench "L"
Trench Zone 2 0.00 246 246 0.81 13.92 0.03 0.14
"V"(i) NW
(i)Previously reported

Drilling Progress

At San Agustin, 24 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 news 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
    Geologix Explorations Inc.
    Dunham Craig
    President & CEO
    (604) 694-1742 or Toll Free Canada and USA: 1-888-694-1742