Geomark Exploration Ltd.
TSX VENTURE : GME

Geomark Exploration Ltd.

March 07, 2011 09:54 ET

Geomark to Commence Diamond Drilling on Timmins Area Gold Properties

CALGARY, ALBERTA--(Marketwire - March 7, 2011) - Geomark Exploration Ltd. (TSX VENTURE:GME) is pleased to announce that diamond drilling will commence in mid March on three of its gold properties in the Timmins area of Ontario. Geomark is a new, publicly traded junior exploration company which emerged following the successful sale of its five million ounce Meliadine gold deposit (as Comaplex Minerals Corp.) to Agnico-Eagle Mines in July 2010. 

In the fall of 2010, Geomark consolidated its existing 8 gold properties in the Timmins area (bought out partners) and now holds property interests ranging from 90 to 100 percent. Geomark commenced geophysical surveys (Quantec Titan 24 DC/IP and MT resistivity surveys) in November on four of the Timmins area assets. The surveys were completed in February 2011. Based on this work, a 5000 meter diamond drill program will commence on the Carr-Wilkie, Deloro, and Thorneloe gold properties within the next few weeks. Arrangements have been made to extend this drill program should additional targets become apparent or results warrant additional work. The Thornloe and Deloro Properties are owned 100% by Geomark and the Carr Wilkie property 90%.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Geomark Exploration Ltd.
    George Fink
    Chairman of the Board and CEO
    403-262-1400
    or
    Geomark Exploration Ltd.
    Mark Balog
    President and COO
    403-262-1400
    or
    Geomark Exploration Ltd.
    Kirsten Kulyk
    Manager - Investor Relations
    403-262-1400
    www.geomark.com