Geo Minerals Ltd.

Geo Minerals Ltd.

February 10, 2010 13:24 ET

Geo Minerals Commences Work Programs With Inmet at Red Hills and Middle Mountain, Arizona

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2010) - GEO MINERALS LTD. (TSX VENTURE:GM) ("GEO" or the "Company") reports Inmet Mining Corp. (IMN-TSX) has approved first phase work programs for both the Red Hills and Middle Mountain properties in Arizona. Permitting has begun, with work on the ground expected to commence later in the month.

As announced November 17, 2009, Geo Minerals Ltd. entered into two separate option agreements with Inmet Mining Corp. to explore Geo's porphyry copper projects located in the Arizona porphyry copper province. Inmet has the option to earn a 70-per-cent interest in Geo's Red Hills property and a 70-per-cent interest in Geo's Middle Mountain property by making cumulative cash payments of $675,000 and exploration expenditures of $2-million over five years on each of the projects. Geo Minerals holds its interest in the projects under mining lease and option agreements with Bronco Creek Exploration Inc., a US subsidiary of Eurasian Minerals Inc. Bronco Creek Exploration Inc. will act as manager for both projects for this first work program.

The projects lie within a broad belt of porphyry-copper mineralization including operating mines that stretch from the Globe-Miami district westward through Resolution, Ray, and Florence. Drilling at Middle Mountain in 2009 intersected intervals of intense alteration, with zonation consistent with a structural model of a hydrothermal system as dismembered and rotated approximately 90 degrees. At Red Hills, drilling in 2009 included an intersection of exotic copper oxide mineralization (see Geo news releases, Jan. 8 and Nov. 17, 2009). The 2010 programs will include surface mapping and geophysical surveys over both properties with the objective to resolve the subsurface structure as it relates to surface exposures.

The technical contents of this release were approved by Dr. Tom McCandless, Technical Advisor to Geo Minerals and qualified person as defined by National Instrument 43-101.

For further information we invite you to visit us at

Geo Minerals is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all our stakeholders, with four active porphyry copper projects in Arizona.

Inmet Mining Corporation is a Canadian-based global mining company that produces copper, zinc and gold, with operations in Turkey, Finland, Canada and Spain.

Bronco Creek Exploration is a wholly-owned subsidiary of Eurasian Minerals with exploration properties in key mining districts of Arizona, Nevada, and Wyoming.


Michael England, President

Forward-Looking Statement:

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Geo Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Geo Minerals Ltd.
    Michael England
    1-604-683-3995 or Toll Free: 1-888-945-4770
    1-604-683-3988 (FAX)