Geologix Explorations Inc.

Geologix Explorations Inc.

December 19, 2006 11:05 ET

RETRANSMISSION-Geologix Explorations Inc.: San Agustin, Durango, Mexico Trenches Indicate Northeast Strike Extension

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 19, 2006) - Geologix Explorations Inc. (TSX VENTURE:GIX)(FWB:GF6) is pleased to report that results from the first three of six trenches indicate that mineralization continues 400 metres on strike from the last drill holes in the Northeast gold trend. The current known resource within the Northeast gold trend extends 400 meters and the current trench results expand the potential target area to double the size.

Trenches "E" and "F" were sampled on the edge of the known resource to establish a "trench signature" over historical drill holes that contain:

Drill Hole SA-71 1.0 g/t Au, 12 g/t Ag / 171 metres
Drill Hole SA-34 4.5 g/t Au, 53 g/t Ag / 54 metres

Trench E 0.90 g/t Au / 36 metres
51.0 g/t Ag / 48 metres
0.33% Zn / 54 metres

Trench F 0.43 g/t Au / 105 metres
15.0 g/t Ag / 111 metres
0.14% Zn / 84 metres

Stepping out 400 metres on strike in an area of no previous drill testing,
Trench "C" assays yielded:

Trench C 0.44 g/t Au / 84 metres
13 g/t Ag / 78 metres
0.10% Zn / 36 metres

Soil sampling by Geologix indicate highly anomalous Au, Ag and Zn values between Trenches "C" and "E" and the last historical drilling. Preliminary geophysical (Induced Polarization) results indicate a chargeability anomaly similar to the known resource is present in the Trench "C" area.

Assays are pending for Trenches "A", "B" and "D" which had some difficulty reaching bedrock continuously throughout the trench length.

Geologix President and CEO Dunham L. Craig, P.Geo. states, "We are very pleased to see these trench results which confirm our theory that the Northeast gold trend continues for a significant distance on strike and matches almost perfectly the trenches over known mineralization. We are also very pleased to see the high Zinc values which encourage us to work further on our model that this may be a large Au/Ag/Zn/Pb system with potentially similar metal value to Goldcorp's Penasquito Project in Mexico."

The Company's President and CEO, Dunham L. Craig, B.Sc., P. Geo., a 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified the data disclosed in this news release including sampling , analytical and test data, Sample analysis was completed by ALS Chemex Laboratory Services Limited of Lima, Peru and Vancouver, British Columbia. Samples were fire assayed for gold, with AA finish; results for other elements used the ICP Procedure.

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 may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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
    Toll Free in Canada and USA: 1-888-694-1742
    Geologix Explorations Inc.
    Dunham Craig, President & CEO
    (604) 694-1742
    Toll Free in Canada and USA: 1-888-694-1742