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Geologix Fast Tracks Tepal Gold-Copper Project in Mexico
Submitted by Admin on Wed, 06/01/2011 - 14:17
Geologix Explorations Inc. (TSX: GIX) reached a high of $0.66 per share following the release of an updated Preliminary Assessment(PA) for its Tepal project, incorporating the upgrade of its gold-copper resource to 3.9 million gold equivalent ounces, up 62%from 2.4 million gold equivalent ounces, doubling the mine life. The recent volatility in metal prices accounts for the subsequent decline in the stock price, and the resulting potential opportunity.
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