GREY:GIXEF - Post by User
Post by
zutfieon Jun 15, 2012 6:11pm
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Post# 20020167
philip ker union securities
philip ker union securities Philip Ker, Union Securities (6/14/12) "Geologix Explorations Inc. confirmed an 1800m x 600m mineralized zone at its newly identified geophysical anomaly (target #3). . .which exhibited strong gold and silver grades from 656 rock chip samples that possessed average grades of 0.95g/t and 17.5g/t, respectively. . .worthy of note is the highlight sample over 2m returning 6.88g/t Au and 433g/t Ag over 1.6m; additional copper assays also returned positively where values of 0.18% were reported. All of these grades are well above the current resource numbers from the Tepal project and demonstrate the high priority for a drill program to occur at these new anomalies, and in particular target #3. . .We are anticipating continued success and reiterate our Buy rating and $1.30 target."