SOURCE: Geocom Resources Inc.

June 13, 2007 09:00 ET

Diamond Drill Program Underway at the La Carolina Gold Project, San Luis, Argentina

BELLINGHAM, WA--(Marketwire - June 13, 2007) - Geocom Resources Inc. ("Geocom" or "The Company") (OTCBB: GOCM), is pleased to announce that diamond drilling has commenced on its La Carolina Gold Project in San Luis Province, Argentina.

Geocom's partner Latin American Minerals (TSX-V: LAT) has expanded an originally-planned 2,000 meter program to 6,000 meters, based on expansion of existing gold zones and new target areas developed by additional geochemistry and geophysical programs. The drill program now consists of twenty core holes up to 350 meters in depth.

Drilling begins at the La Estancia zone where previous drilling by Anglo American Gold Corp. intersected an average grade of 2.17grams per tonne (gpt) gold (0.06 ounces per ton Au, or opt) over 19.5m (64 feet) in DDH-33 and hole DDH-20 intersected an average grade of 97.9 gpt Au (2.86 opt Au) over 1.5m (5 feet).

Previous work by Anglo in 1989 and Geocom in 2004 successfully identified numerous zones of gold mineralization at La Carolina associated with silicified breccias and structural zones. These occur within a 2km by 4km (1.2 by 2.4 miles) subvolcanic intrusive complex emplaced within the Paleozoic basement. Almost all previous work including a total of 55 shallow holes drilled by Anglo and 14 holes drilled by Geocom targeted the volcanic sequence. Recently defined large geochemical and geophysical anomalies may be located outside the volcanic complex within the basement units. As a result the drill program has been increased to test the brecciated basement rocks located within 300m of the volcanic contacts.

The La Carolina Project hosts low sulphidation epithermal gold mineralization associated with volcanic intrusive rocks, similar to that at Montana Tunnels (United States) and Baguio (Philippines). The Property also hosts disseminated gold mineralization associated with pyrite-silica alteration in volcanic breccias and structural zones, as well as vein-style gold mineralization in the Paleozoic country rocks that host the volcanic intrusive complex.

Geocom Resources Inc. and its partner TNR Gold Corp. entered into a joint venture at La Carolina with Latin American Minerals. Latin American Minerals acquired additional ground on behalf of the venture. Geocom and TNR each own 50% of the La Carolina Project. Latin American Minerals Inc. can earn an undivided 75% interest in the project by making cash payments totaling US$125,000 and issuing a total of 225,000 common shares to TNR and Geocom (each divided 50/50 between Geocom and TNR) and carrying out staged exploration programs over five years, which must aggregate US$1,000,000 to earn its interest.

For further information please contact Samantha Haynes at 604.805.4653 or via e-mail at ir@geocom-resources.com.

On behalf of the Board of Directors

John E. Hiner, President & CEO

About Geocom Resources Inc.

Geocom Resources Inc. (OTCBB: GOCM) is a U.S.-based mineral exploration company focused on acquiring and developing mineral resources in geologically acceptable and politically stable countries of the world. The Company is presently active in Alaska, Argentina, Nevada, and Chile. The Company focuses on development of projects that are or will be of interest to mid-size or major producers with the goal to form joint ventures on such projects. Geocom expects to grow and maintain an interest in mines operated by its partners, allowing it to build value through continued exploration. To find out more about Geocom Resources Inc. please visit www.geocom-resources.com.

Safe Harbor Statement:

Statements in this document that are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this release include statements regarding the evaluation and exploration program of the La Carolina Project made pursuant to the joint venture agreement between Geocom and Latin American Minerals, and in particular, the intention to expand explorations on the property from 2,000 to 6,000 meters and to implement a drill program consisting of twenty core holes of up to 350 meters in depth. Factors that could cause actual results to differ materially include risks and uncertainties of such as the failure or inability of the parties to enter any formal joint venture agreement, or either Geocom or Latin American Minerals being unable or unwilling, whether for financial reasons or otherwise, to perform obligations under any joint venture agreement, the inability of either party to continue working in Argentina, the inability of either party to finance planned exploration, drilling and work programs, as required from time to time, and any unforeseen difficulties in commencing or completing such program, or the results of the programs not showing any commercially feasible grades of minerals, any of which could, among other things, delay, impede or prevent the planned explorations and harm the viability of Geocom.. Actual results may also differ materially from those currently anticipated due to a number of other factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.

WARNING: The Company relies on litigation protection for "forward looking" statements.

GEOCOM RESOURCES INC.
(the "Company" and/or "Geocom")
Suite 413 - 114 West Magnolia Street
Bellingham, Washington 98225
Tel (360) 392-2898

Contact Information

  • For further information please contact:
    Samantha Haynes
    604.805.4653
    Email Contact