SOURCE: Geocom Resources Inc.

June 14, 2005 09:00 ET

Geocom Drilling at Escorpion

BELLINGHAM, WA -- (MARKET WIRE) -- June 14, 2005 -- Geocom Resources Inc. (OTC BB: GOCM) is pleased to announce that core drilling has been initiated at its Escorpion gold project in Region IV of Coquimbo, Chile. Drilling will test the ore potential of two zones: the Chululera and Amax. The newly discovered Crystal and Crystal South zones will be tested in a follow-up drill program.

Four holes have been completed at the Chululera zone, where previous mining activity exposed a silicified and mineralized stockwork zone. Work by Geocom geologists indicates that the mineralized zone mimics the orientation of metasedimentary and metavolcanic rocks in the area, and suggests a specific preference of mineralization for specific rock types. To date, all four holes have encountered the mineralized zone where expected, strengthening the supposition of stratiform-style mineralization.

Vertical hole ES-01 encountered silica stockwork from 9 to 17 meters (29-56 feet). Drill hole ES-02 encountered 6 meters of silica stockwork from 7 to 13 meters (23 to 43 feet), and hole ES-05 intersected silica stockwork from 4 to 9 meters (13 to 29.5 feet). Drill hole ES-06 was drilled as an angle hole from the same location as drill hole 5 and also intersected the silica stockwork zone.

Drill holes ES-03 and ES-04 were located approximately halfway between the Chululera zone and the Amax Zone, as a test of continuity. Hole ES-03 intersected fine-grained disseminated and stringer-controlled sulfide mineralization from 28 to 34 meters (92 to 111 feet). Hole ES-04 intersected the same zone from 24 to 30 meters (79 to 98 feet).

Core from all of the drill holes contains very-fine-grained sulfides, including pyrite, arsenopyrite, limonite and sericite.

Core from the first four holes has been split and sent to ALS Chemex in La Serena for analysis. Additional holes are being logged and sampled as completed. Drilling is expected to be complete by June 15.


Geocom is also pleased to report that it has received sample results from recent rock chip sampling at the Chululera zone, where the silica stockwork zone crops out on a hillside and was purposely exposed during drill road construction. The sample results are listed below:

Sample number       Au (ppm)      Au ounces per tonne
    301               2.04               0.066
    302               9.23               0.297
    303               2.86               0.092
    304               15.75              0.506
    305               12.30              0.395
    306               0.768              0.025
    307               4.17               0.134
    308               12.50              0.402
    309               0.038              0.001
    310               8.78               0.282
    311               0.465              0.015
    312               0.866              0.028
The weighted average gold value for the twelve Chululera surface samples representing available surface exposure of the mineralized zone is 4.81 grams per ton (0.154 oz/tonne Au). There is a strong association of gold with arsenic. Samples 301 through 306 are continuous chip samples.

Management is pleased with the results to date. Surface sampling results and drill core geology meet Geocom's expectations for this property, and the Company looks forward to evaluation of additional zones as work continues.

About Geocom Resources

Geocom Resources Inc. (OTC BB: 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.

For further information please contact Investor Relations at ir@geocom-resources.com or by calling 1-800-539-0289.

On behalf of the Board of Directors

Paul Chung, Director and CFO

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 Company's intention to continue core drilling at its Escorpion gold project in Region IV of Coquimbo, Chile, including the drilling of the Chululera and Amax zones and a follow-up drilling program to test the Crystal and Crystal South zones, as well as the ongoing evaluation of additional zones in the area as work continues. Factors that could cause actual results to differ materially include risks and uncertainties such as the Company's inability to continue working in Chile, the inability 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 the Company.

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

Contact Information

  • For further information please contact:
    Investor Relations
    Email Contact
    1-800-539-0289