SOURCE: Geocom Resources Inc.

June 17, 2008 08:00 ET

Geocom Develops Targets at Cerro Vaca, Chile

Rock Samples Containing Greater Than 10 Grams per Tonne Occur Along the Known Three Kilometer Strike Length of the Zone

BELLINGHAM, WA--(Marketwire - June 17, 2008) - Geocom Resources Inc. (OTCBB: GOCM) ("Geocom" or "The Company") is pleased to announce that exploration at its Cerro Vaca project in Region Ten of southern Chile has resulted in the delineation of an extensive gold-bearing vein system. The zone trends northwesterly, and has been mapped at the surface over a strike length in excess of three kilometers and up to 0.7 kilometers wide. The vein system has been traced down dip over a distance of at least 400 vertical meters. The zone remains open in all directions.

Gold is hosted by quartz-carbonate veins and veinlets that commonly occur as vein "swarms" within a metavolcanic and metasedimentary host rock sequence. These metasedimentary units form a roof pendant within the regionally extensive Patagonian Batholith. The auriferous vein system shows a strong vertical continuity, where the veins have been observed in the underlying intrusive rock. Of 209 rock chip samples collected during the 2008 program, 79 (or nearly 38%) contain gold values greater than 0.5 g/t, with values ranging up to 131 g/t. The median gold value for all samples is 0.60 g/t. Samples containing greater than 10 grams per tonne occur along the entire 3 kilometer strike length of the zone as defined to date.

Correlation analysis indicates that the gold has a strong association with silver, cadmium, copper, lead, and zinc, and a moderate association with antimony and thallium and to a lesser extent with arsenic. The association of gold with base metals combined with the known vertical extent of the auriferous system suggests that the structurally controlled zone has mesothermal characteristics, which could bode well for continuation of gold mineralization to depth.

Management is extremely pleased with the results of this program, and plans to conduct detailed mapping and sampling to further confirm gold targets, followed by drilling.

Cerro Vaca is a joint venture with Kinross Gold Corp. Geocom is the manager of the venture.

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 open nature of the mineralized zone, assumptions as to geologic occurrence due to geochemical correlation statistics, and planned future activities. Factors that could cause actual results to differ materially include risks and uncertainties of being able to finance the project, the continued involvement of the Company's venture partner, and the inherent risks of mineral exploration and development.

Contact Information

  • For further information, please contact:

    Samantha Haynes
    (604) 805-4653
    Email Contact

    Geocom Resources Inc.
    Suite 413-114 West Magnolia Street
    Bellingham, Washington 98225
    (360) 392-2898