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Geologix Explorations begins next phase of drilling at Tepal gold-copper project in Mexico

Last updated: 20:00 12 Jan 2011 GMT, First published: 21:00 12 Jan 2011 GMT

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Geologix Explorations (TSX: GIX)(FSX: GF6) said Wednesday it has begun the next phase of resource expansion and exploration drilling at its Tepal gold-copper project in Michoacan State, Mexico.

Two diamond drill rigs have already been mobilized to the project and have begun a 10,000 metre drill program designed to test the limits of the mineralization recently found at the Tizate zone, which remains open in several directions, specifically to the northeast and at depth.

At the later stages of the program, in-fill drilling will take place to upgrade the resource at the Tizate zone from the inferred to the indicated categories.

The company was up 4.6% to trade at $0.68 as of 10:43am EST on Wednesday.

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