Growth through Acquisition,
Exploration and Development
Exploration and Development
Consejo / El Carman
Durango State, Mexico. Property is located 1 hour driving time (85 kilometres) north of Durango, Durango via paved road.
Silver Cloud
Geologix Exploration's Silver Cloud gold-silver property is located in northern Nevada within the Northern Nevada Rift near the juncture with the Carlin Trend and adjacent to the Hollister low-sulfidation, bonanza epithermal gold deposit of Great Basin Gold. It is also located south, along trend, of the Midas mine (Newmont).
La Joya - Glencore Joint Venture
Empresa Minera Los Quenuales S.A. ("EMLQ"), a Peruvian subsidiary of the Glencore Group, has been granted an option to earn up to 70% interest in the La Joya property and is committed to a minimum of 1,500 m of drilling by March 23, 2011. Precious metal mineralization (gold, silver +/- copper and molybdenum) is located in the Central Zone of La Joya where an interpreted intrusive unit intrudes the sediments. The area of potential mineralization measures approximately 2,500 m from south to north. Gold values in these areas are as high as 6.59 grams per tonne ("g/t") gold and occur in gossan zones. Silver anomalies assayed as high as 1,411 g/t silver in the Central Zone.
Liscay, Largatija, Lachoc, Mirko, San Felipe, Sura, Toro Blanco and Cayhua - Rae Wallace Joint Venture
These properties have been transferred to Rae Wallace Mining Company ("RWMC"), .a private company incorporated in Idaho, USA in 1916 and under new management since 2007. RWMC is currently lead by President and CEO, George Cole, a 35 year veteran of the mining industry and former Vice President of Exploration at Cominco American Inc., and Vice President, Steven Friberg, a former consultant with over 35 years in the mining industry. The Company has been issued 1.0M shares and 500, 000 share purchase warrants exercisable at $0.375 per share.
NEVADA
RO - Montezuma Joint Venture
The RO claims are adjacent to the historical high grade Sleeper Mine and are optioned to Montezuma Mines Ltd., a subsidiary of CMQ Resources Inc. Under the terms of the option, Montezuma may earn a 55% interest in the RO Property by funding US$3,000,000 in qualified expenditures over a five year period. Montezuma has indicated to the Company that it intends to spend $490,000 on the property this year conducting geochemistry and geophysical surveys. No interest is earned until US$3,000,000 has been expended.
