SOURCE: Geocom Resources Inc.

July 28, 2005 09:30 ET

Geocom Receives Drill Results - Escorpion Project, Chile

BELLINGHAM, WA -- (MARKET WIRE) -- July 28, 2005 -- Geocom Resources Inc. (OTC BB: GOCM) is pleased to announce that core drilling has been completed at its Escorpion Project in Region IV of Coquimbo, Chile. Four holes were completed at the Chululera zone, where encouraging assay results were previously reported on June 29, 2005. In addition, three holes were completed on the Amax zone, and two holes were drilled approximately halfway between the two zones as a test of potential continuity.

The Amax zone was tested by three holes located along a drill road above the surface exposure of the mineralized zone. Hole ES-07 encountered mostly volcanic rocks, which apparently displaced the mineralized metasedimentary rocks. Hole ES-08 intersected 17 meters (56 feet) of strongly bleached and silicified metasedimentary rocks, averaging 0.17 grams per tonne Au, within which an 8.9m core interval averaged 0.29 grams per tonne Au. Hole ES-09 also encountered low gold values, consisting of 4 meters averaging 0.42 grams per tonne gold (13 feet @0.013 opt Au). The disparity in thickness of mineralized intervals is likely due to fault displacement.

Although The Amax zone is complicated by fault displacements, its close proximity to surface may provide additional low-grade tonnage to supplement any ore that may be delineated in the Chululera area. In general, gold values encountered in surface sampling at Chululera and Amax appear to be representative of those encountered in drill core.

The Company intends to continue its development of the Chululera zone and expects to conduct exploration at the Crystal and Crystal South zones, where high-grade surface samples indicate additional ore potential.

Management is pleased with the results of work completed to date, and anticipates that continued exploration at Escorpion will further determine the amount and nature of the gold mineralization in the Chululera zone.

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.

On behalf of the Board of Directors

John E. Hiner, President & CEO

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 Geocom's intention to continue further exploration efforts at its Escorpion Project in Region IV of Coquimbo, Chile, and in particular the development of the Chululera zone and the exploration at the Crystal and Crystal South zones. Factors that could cause actual results to differ materially include risks and uncertainties of 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.

Contact Information

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