Geologix Announces Tepal Preliminary Economic Assessment: US$169M After-Tax NPV (5%) and 24% IRR Using US$1,250/oz. Gold Price and US$2.50/lb Copper Price With US$214M Initial Capex

http://www.stockhouse.com/news/press-releases/2017/01/19/geologix-announces-tepal-preliminary-economic-assessment-us-169m-after-tax-npv

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 18, 2017) – Geologix Explorations Inc. (TSX VENTURE:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUT:GF6)(MUN:GF6)(“Geologix” or “the Company”) is pleased to announce the results of a positive, independent Preliminary Economic Assessment (“PEA”) on its 100% owned Tepal Gold/Copper Project (“Tepal” or the “Project”) located in southwest Mexico. All currency values are in U.S. dollars unless otherwise indicated.

The PEA supports Tepal’s robust economic potential as an open pit operation using contract mining. Sulphides will be milled and processed via a 22,000 tonnes per day (“tpd”) copper, gold and silver (“Cu/Au/Ag”) flotation concentrate circuit combined with a secondary carbon-in-leach (“CIL”) circuit producing gold and silver (“Au/Ag”) doré. Oxides will be milled and processed via a separate 5,500 tpd CIL circuit producing Au/Ag doré.

 

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