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

Geo Minerals Ltd.

January 06, 2011 08:00 ET

Geo Minerals Resumes Drilling Program With Inmet at Middle Mountain Porphyry Copper Project, Arizona

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2011) - GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) ("GEO" or the "Company") announces the resumption of its drilling program with Inmet Mining Corp at the Middle Mountain porphyry copper property in south central Arizona. Weber Drilling (St. David, Arizona) has been contracted to complete two test drill holes of 370 meters each (~1,214 feet) using reverse-circulation drilling methods to test for porphyry copper mineralization believed to be present in extended and tilted structural blocks beneath shallow gravel cover and outcrops exhibiting intense alteration and quartz-sulfide veining.

The targets are defined by an induced polarization/resistivity (DC/IP) geophysical survey completed by the Company (see news release, May 11, 2010), in combination with surface geological mapping. Previous drilling by the Company on the eastern portion of the property included three drill holes that intersected intense sericite-pyrite alteration typical of the outer pyritic shell of a porphyry copper-molybdenum deposit at depths of 207 meters (680 ft.), 151 meters (498 ft.), and 24 meters (80 ft) (see news release, Jan. 8, 2009).

The program is expected to take approximately seven days, after which the drill rig will mobilize to the Company's Red Hills porphyry copper project, located ten kilometers north of Middle Mountain.

GEO has an option agreement with Inmet Mining Corp. (INM-TSX) to explore the Middle Mountain porphyry copper project, with GEO holding its interest under a mining lease agreement with Eurasian Minerals Inc. (EMX-TSX:V) through its wholly-owned subsidiary Bronco Creek Exploration (see news release, Nov. 17, 2009). Eurasian Minerals is acting as manager for the work programs at Middle Mountain. 

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

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 exploration projects in Arizona.

Eurasian Minerals Inc. (EMX-TSX:V) is a Canadian-based junior exploration company with properties in Haiti, Turkey, Europe, United States, the Kyrgyz Republic, and Australia/Asia-Pacific.

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

ON BEHALF OF THE BOARD

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 the 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