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Geologix Sells Silver Cloud Property To Rimrock

 

Geologix Sells Silver Cloud Property To Rimrock

 

VANCOUVER – Geologix Explorations Inc. has sold its Silver Cloud Property in northern Nevada to Rimrock Gold Corp.

"Following the release of a positive Prefeasibility Study in March, management at Geologix is squarely focused on the advancement of the Tepal Project in Mexico," stated Dunham Craig, Geologix’s President and Chief Executive Officer. "The sale of Silver Cloud will further streamline Geologix, and ensure that this promising Nevada project will receive the resources that we believe it deserves."

Pursuant to the terms of the Purchase Agreement, the Company has sold all of its interest in 552 unpatented lode mining claims that constitute the Silver Cloud Property.

 

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