SOURCE: Geocom Resources Inc.

September 20, 2007 09:00 ET

Geocom Announces Precious and Base Metal Drill Intercepts at La Carolina Project

BELLINGHAM, WA--(Marketwire - September 20, 2007) - Geocom Resources Inc. ("Geocom" or "The Company") (OTCBB: GOCM) is pleased to report on the progress of an extensive diamond-drilling program at its La Carolina Project in San Luis Province, Argentina. To date, 4,489 meters of a planned 6,000 meter program have been completed. Of 16 holes drilled so far, assay results have been received for 11 holes. These holes were designed to test a variety of targets throughout the property, including the La Luisa, Mogote, Olguin, La Illusion, El Corte, El Camino and La Virgen.

At La Luisa, DDH-Lat 3 intersected 338m averaging 0.24 g/t Au (the entire length of the hole). The hole was terminated at 338m in a quartz pyrite stockwork that averaged 0.4 g/t Au over 78m (from 260m to 338m), indicating that the gold grade increases with depth. Included in this section are several narrow higher-grade intersections including 3 g/t Au over 1m (from 260m to 261m) and 0.92 g/t Au over 3m (from 280m to 283m). With only one hole in this target the mineralization remains open in all directions.

Holes DDH-Lat 6 and DDH-Lat 21 were drilled in the Mogote target and intercepted long intervals of base-metal and gold mineralization. DDH-Lat 6 returned 401.3m of 0.14% Zn (the entire length of the hole) including 28m at 0.78% Zn and 0.23% Pb (from 227m to 255m). A second hole in this target, DDH-Lat 21, returned similar base metal grades but also contained 70m of 0.34 g/t Au (from 249m to 319m). The gold values are located below a trench that returned 1 g/t Au over 30m and a historical hole that returned 0.54 g/t Au over 60m including 5.7 g/t Au over 4m. The results suggest that the gold content decreases and base metal content increases with depth.

Of the remaining targets, Olguin (one hole) returned 0.3 g/t Au across 2m (from 140m to 142m) and La Ilusion (one hole) yielded no significant gold or base metal results. The targets El Corte (two holes), El Camino (one hole) and La Virgen (two holes) have assays pending at the laboratory.

John Hiner, President of Geocom Resources Inc., said, "Such long runs of continuous gold and base metal mineralization are encouraging. These drill results substantiate an extensive gold and base metal mineralized system on the La Carolina property. Further work will be required to define the base and precious metal potential of these targets. We are extremely pleased with the results to date."

Latin American Minerals Inc. ("LAT"), the project operator, 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 Geocom and TNR Gold Corporation (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 complete up to 6,000 meters of diamond drilling. 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.

Contact Information

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

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