Projects

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Other Projects & Joint Ventures

As Geologix continues to focus its effort on its Tepal project in Michoacán state, the Company has maintained other property assets and entered into joint ventures on certain other secondary property assets in other jurisdictions.

Other Projects

Consejo & El Carmen Properties
The Consejo and El Carmen Properties are located 1 hour driving time (85 kilometres) north of Durango, Durango State Mexico, via paved road. Both properties adjoin the Company's former San Agustin property.

Joint Ventures

La Joya - Glencore Joint Venture - Peru

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. 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.



RO - Montezuma Joint Venture - Nevada

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 sent an exploration plan and budget for 2013 to the Company that calls for an additional US$1,000,000 for further drilling. No interest is earned until US$3,000,000 has been expended.