Geo Can Resources Company Limited

April 22, 2009 14:42 ET

Geo Can Resources Company Limited and Atomic Minerals Ltd. Terminate Option to Purchase Agreement for Uranium Properties in Southern Tanzania

DAR ES SALAAM, TANZANIA--(Marketwire - April 22, 2009) - As of March 31, 2009 Geo Can Resources Company Limited and Atomic Minerals Ltd. (TSX VENTURE:ATL)(FRANKFURT:MJ7) terminated the Option to Purchase agreement, between themselves, for ten individual uranium prospecting licenses in southern Tanzania totaling more than 3820 square kilometers.

ABOUT GEO CAN

Geo Can Resources Company Limited is a privately owned exploration company incorporated in the United Republic of Tanzania. Currently the company's portfolio of properties consists of 9 major gold projects encompassing more than 40 mineral prospecting licenses all located in the world famous Lake Victoria Greenstone Belt region, 6 highly prospective uranium blocks totaling more than 4,855 square kilometers (1.2 million acres), and other non-ferrous metals properties.

With Tanzania's investor-friendly government policy, politically stable environment and tremendous resource base, it has become the 3rd largest gold producer in Africa. Geo Can Resources is tightly integrated into the country, with an experienced management and geological team with national and international knowledge.

Over the past 2 years the company has entered into numerous productive joint venture partnerships, the latest with Lake Victoria Mining Company, Inc. (OTCBB:LVCA) (www.lvcamining.com) to establish a low cost, high grade gold mine at the Kinyambwiga Gold Project, Northern Tanzania.

With Geo Can's exploration abilities and the size and range of properties, the company welcomes other potential joint ventures with members of the international mining community.

Contact Information

  • Geo Can Resources Company Limited
    David Kalenuik
    Chairman
    1.604.760.5509 (North America)
    Email: geocaninfo@gmail.com