GREY:GIXEF - Post by User
Post by
zutfieon Sep 01, 2012 11:19am
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Post# 20290097
the gold report
the gold report Mike Bandrowski, Clarus Securities (8/30/12) "Geologix Explorations Inc. announced that exploration drilling has commenced at its 100%-owned Tepal project, located in Michoacan, Mexico. . .we see huge opportunity to continue building on its current 223.5 Mt resource base. . .we see huge upside in the prefeasibility study given the 48% increase in resource tonnage that supports a larger 35,000 tpd plant. . .with a robust PFS expected to be released in mid-September and an exploration program that could add substantially to the current resource profile we see Geologix re-rating as key milestones are achieved and the project is derisked over the next several months."