Geologix Explorations Inc. (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUTTGART:GF6)(MUNICH:GF6)reported that the company has completed its due diligence and technical reviews of the Tepal Gold-Copper Project, Mexico of Arian Silver Corp. and delivered notice to Arian of the Company’s election to proceed with an Option to Purchase a 100% interest in the Project subject to execution of a definitive agreement between Arian and Geologix.
The press release is quoted as saying:
The Geologix team has extensive experience in exploration and development of these types of gold-copper porphyry systems which combined with our experience in Latin America, specifically Mexico, creates an excellent synergy between management and project.
