Geo Minerals Ltd.
TSX VENTURE : GM
FRANKFURT : 8G3

Geo Minerals Ltd.

November 16, 2010 09:34 ET

Geo Minerals Acquires 100% of Additional Claims in Quebec Along Southwest Trend of BonTerra Resources

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2010) - GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) ("Geo" or the "Company") is pleased to announce it has acquired the Onstrike claims located in northwestern Quebec, Canada to the southeast of BonTerra Resources Inc.'s (BTR-TSX:V) Eastern Extension property. BonTerra is in the midst of a successful drilling program with many notable gold intercepts over significant intervals. To view BonTerra's most recent announcements, visit BonTerra's website.

These claims consist of approximately 1,380 acres along the southwest trend of Eagle Hill Exploration Corp.'s Windfall Lake project and BonTerra Resources Inc.'s Eastern Extension property in northwestern Quebec, Canada. Several areas covered by the claims have a high probability for orogenic gold deposits in the Abitibi as defined by Lamothe and Harris, 2006, and several 300 metre spaced mag highs occur on the claims. The Windfall Lake property hosts high-grade gold veins and has potential for wide mineralized zones of gold mineralization which has underground and near-surface bulk mining potential.

Geo will pay the vendor $10,000, issue 500,000 common shares and grant a 2% NSR. The Company can purchase back 1% of the NSR for $1 million.

This agreement is subject to TSX Venture approval.

Geo Minerals is a junior exploration company actively seeking mineral opportunities in North America for the benefit of all its stakeholders. For further information we invite you to visit us at www.geominerals.ca.

ON BEHALF OF THE BOARD

Michael England, President

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
    President
    1-604-683-3995 or Toll Free: 1-888-945-4770
    1-604-683-3988 (FAX)
    www.geominerals.ca