Geo Minerals Ltd.
TSX VENTURE : GM

Geo Minerals Ltd.

May 08, 2008 08:00 ET

Geo Receives Over-Limit Assays on Scotia Project Including 21 Meters of 10% Zinc, 1% Lead and 17 g/t Silver

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - GEO MINERALS LTD. ("Geo" or the "Company") (TSX VENTURE:GM) has recently received over-limit assay results from a Drill Core Re-sampling Program conducted on its 100% owned Scotia poly-metallic volcanogenic massive sulphide property that include 21.65 meters of 10.16% Zinc, 1.14% Lead and 17.7 g/t Silver at a depth of approximately 21 meters. The purpose of this program is to allow for the completion of a new resource calculation and the preparation of a Technical Report that is NI 43-101 compliant.



2008 Scotia Assay Results Summary
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From To Interval Zn % Pb % Cu % Ag g/t Au ppm
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Metres Metres Metres 2008 2008 2008 2008 2008
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S-33-97 47.40 47.80 0.40 6.84 0.67 0.20 22.0 0.104
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68.70 72.30 3.60 23.10 2.31 0.15 42.5 1.081
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79.40 80.00 0.60 4.13 1.76 0.12 37.0 0.603
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85.75 90.10 4.35 14.65 2.96 0.14 38.6 0.139
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S-34-97 62.20 62.60 0.40 17.25 1.19 0.18 33.0 0.069
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S-36-97 10.95 24.52 13.57 3.90 0.09 0.15 6.2 0.090
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74.35 76.12 1.77 8.09 0.84 0.75 37.0 0.203
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81.12 90.05 8.93 7.38 0.59 0.11 16.1 0.308
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S-37-97 15.57 16.35 0.78 4.17 0.93 0.25 16.9 0.126
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17.00 19.13 2.13 1.52 0.43 0.27 10.0 0.111
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21.64 43.29 21.65 10.16 1.14 0.14 17.7 0.595
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S-39-97 31.90 32.10 0.20 7.49 1.11 0.26 26.0 0.822
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32.65 33.00 0.35 6.28 1.40 0.13 25.0 0.286
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46.50 49.50 3.00 16.54 0.43 0.23 14.0 0.154
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55.30 57.10 1.80 2.79 0.79 0.08 26.0 1.307
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65.10 65.90 0.80 6.05 2.14 0.05 27.0 0.303
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S-42-97 91.73 93.30 1.57 7.54 0.71 0.03 15.7 0.200
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97.00 100.27 3.27 3.43 0.18 0.16 9.2 0.054
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102.90 103.51 0.61 0.18 0.09 0.09 7.0 0.069
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For comparative results versus 1997 assays see table at the bottom of this
release.


The property is located in the northern portion of the Ecstall VMS Belt, situated south of the Skeena River between Terrace and Prince Rupert, BC. Numerous exploration programs have been conducted on the property over the past three decades. The most recent diamond drilling program conducted on the property by a previous company was during the period September to November, 1997 when 938 metres were drilled in 10 holes. Nine of the holes intersected significant poly-metallic base and precious metal mineralization.

Selected intervals of the drill core from six of the 1997 holes were re-sampled for Geo during the field season of 2005. The objective of the re-sampling program was to verify the 1997 data so that a NI 43-101 compliant resource calculation could be conducted based on the results of previous drilling.

Arnex Resources Ltd. ("Arnex") conducted the core re-sampling program during the 2005 field season. Selected mineralized core intervals from six of the 1997 drill holes were sampled by Arne Birkeland, P.Eng. acting as Qualified Person for Geo for the Scotia Property. The samples were flown by helicopter to Prince Rupert, then trucked by Arnex to Vancouver and were hand delivered to Acme Labs Ltd. Geochemical analysis of the samples utilizing a multi-element ICP-ES technique was completed by Acme. Many samples returned over-limit values of greater than 10,000 ppm for zinc and lead. During April of 2008, pulps from the over-limit samples were assayed by Acme utilizing Aqua-Regia digestion and Group 7AR ICP-ES finish.

The two tables, Scotia Assay Results Summary 2008 and Scotia Assay Results Summary 1997 compare selected weighted mineralized intercepts from the 1997 drilling to corresponding intervals for values for the pulp assays received in April, 2008.

There was general agreement between the 1997 high-grade intercepts with the 2008 data. Average variations for zinc, copper and silver for all weighted intercepts were less than 5%. Variations for lead and gold were moderately higher but still well within acceptable ranges. It is concluded that the re-sample program verified the 1997 results for the selected intervals sampled.

A NI 43-101 compliant resource calculation utilizing historical drill data is in the process of being compiled. Upon completion, it is planned that an updated NI 43-101 Technical Report will be prepared incorporating the results of the verification re-sampling program and associated Quality Control measures as well as the reporting of the results of the resource calculation.



1997 Scotia Assay Results Summary
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From To Interval Zn % Pb % Cu % Ag g/t Au ppm
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Metres Metres Metres 1997 1997 1997 1997 1997
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S-33-97 47.40 47.80 0.40 6.78 0.90 0.13 26.0 0.120
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68.70 72.30 3.60 22.54 2.28 0.18 47.0 1.206
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79.40 80.00 0.60 4.81 1.37 0.13 42.0 0.745
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85.75 90.10 4.35 15.60 2.50 0.16 39.2 0.236
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S-34-97 62.20 62.60 0.40 18.70 1.93 0.19 47.0 0.090
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S-36-97 10.95 24.52 13.57 4.97 0.08 0.19 6.6 0.072
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74.35 76.12 1.77 11.93 0.39 0.79 35.6 0.185
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81.12 90.05 8.93 7.18 0.79 0.10 18.4 0.288
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S-37-97 15.57 16.35 0.78 3.61 0.85 0.25 17.3 0.115
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17.00 19.13 2.13 1.88 0.36 0.27 11.0 0.090
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21.64 43.29 21.65 10.64 1.35 0.15 22.2 0.276
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S-39-97 31.90 32.10 0.20 5.90 1.06 0.23 26.0 0.425
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32.65 33.00 0.35 4.90 1.60 0.14 27.0 0.250
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46.50 49.50 3.00 16.49 0.42 0.21 14.5 0.187
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55.30 57.10 1.80 3.60 0.77 0.07 25.4 0.550
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65.10 65.90 0.80 6.78 2.00 0.05 24.9 0.089
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S-42-97 91.73 93.30 1.57 5.71 0.44 0.03 10.9 0.142
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97.00 100.27 3.27 4.99 0.18 0.19 11.3 0.069
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102.90 103.51 0.61 0.35 0.13 0.12 9.0 0.070
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The technical content of this release was approved by Arne Birkeland, P.Eng. acting as qualified person as defined by National Instrument 43-101.

For further information we invite you to visit us at www.geominerals.ca.

Geo Minerals is a junior mineral exploration company actively seeking global opportunities with a focus on gold, base metals and uranium, for the benefit of all our stakeholders.

ON BEHALF OF THE BOARD

Michael England, President

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Contact Information

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