Geologix Explorations

http://www.geologix.ca/i/pdf/2010_10_12_NR.pdf

- 989,000 ounces of gold mined in the life of mine (“LOM”) plan
- 351M lb of copper in LOM plan
- 2.06M ounces gold equivalent* in mine plan
- 157,000 ounces gold equivalent* per year production rate
- Cash costs on a co-product basis: gold = $358/ounce, copper = $1.09/pound
- $348M net positive earnings before interest, taxes, depreciation and amortization
- $258M net present value (“NPV”) at a 5% discount
- 28% internal rate of return (“IRR”)
- 87% of current resource converts to PEA mine plan

*Gold equivalent is estimated using $900/oz. Au and $2.75 Cu metal prices: (Cu lbs* $2.75)/$900 = gold oz. Please refer to Tables 1 and 3 below for separated copper and gold production.

Lots to like about this PEA abd GIX still has much more to do on the Libertad property. Looks like another winner for GIX management.