GIX: Watch for Drill Results

CHRIS THOMPSON, Haywood Securities (01/18/2011)
"Geologix is undertaking an extensive 10,000m resource expansion and exploration drill program focused on testing potential offered by the Tizate Zone to add to the project's resource base. A maiden resource for the Tizate Zone is anticipated in Q111, which offers potential to improve the project economics if sufficient new tonnage can be added while maintaining or improving the current grade (to be quantified by a revised PEA in Q211). With a healthy treasury, topped up from a recent $2.3 million financing last summer, a steady stream of news flow vĂ­s-a-vĂ­s drill results from the current campaign, and an aggressive drill program continuing from last year, Geologix is primed for an active drill season over the coming quarters."

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