Geologix will hold a conference call today, March 19, 2013 at 10 am Eastern Time (7 am Pacific Time) to discuss the results of this Prefeasibility Study. To access this conference call, please dial:
Toll Free North America: 866-226-1793
An archived recording of the conference call will be available on the Company's website at www.geologix.ca
JDS Energy & Mining Inc. ("JDS"), a full service, British Columbia-based, Engineering, Procurement, Construction & Management firm, is the principal consultant for the Tepal PFS. The executive summary of the PFS, prepared by JDS, and subsequently a technical report will be posted on the Company's website (www.geologix.ca) and the technical report will be filed on SEDAR (www.sedar.com) within 45 days.
Matt R. Bender, P.E. of JDS Energy & Mining Inc., a 'qualified person' for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian securities administrators ("NI 43-101") has approved the disclosure of, and is the qualified person responsible for, the scientific and technical information in this news release other than the reserves and resources information. He has also verified the data disclosed in all but the reserves and resources section.
Scot Klingmann, P. Eng. of JDS Energy & Mining Inc., a 'qualified person' for the purpose of NI 43-101 has approved the disclosure of, and is the qualified person responsible for, the reserves and resources information in this news release. He has also verified the data disclosed in the reserves and resources section.
The following companies also contributed to the Prefeasibility Study:
-- Knight Piesold and Co: environmental and permitting, water supply, geotechnical, tailings management facility, closure costs and offsite access.-- Allnorth Consultants Limited: mill, power, camp, support buildings, airstrip, onsite roads.-- Micon International Limited: Initial 2012 resource estimate, Cu/Au/Ag concentrate flow sheet and process costing, environmental and permitting.-- PricewaterhouseCoopers LLP: tax advisory-- pHase geochemistry Inc.: waste rock and tailings environmental classification.
ABOUT GEOLOGIX EXPLORATIONS INC.
Geologix Explorations Inc. is a mineral exploration and development company focused on the acquisition, exploration, and development of mineral resource opportunities that possess the potential to host viable and economic mineral deposits. The Company's primary focus is its 100% owned Tepal Gold-Copper Porphyry Project in Michoacan state, Mexico.
On behalf of the Board of Directors,
Dunham Craig, President & CEO
This Press Release contains statements which constitute 'forward-looking, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's Annual Information Form and quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Geologix Explorations Inc.