GeoNovus Minerals Corp.
TSX VENTURE : GNM

GeoNovus Minerals Corp.

February 27, 2014 08:00 ET

GeoNovus Receives Drill Permits for Corona Gold Project, Ontario; Hires MI3 for Investor Relations

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2014) - GEONOVUS MINERALS CORP. (TSX VENTURE:GNM) ("GeoNovus" or the "Company") announces that it has received drill permits for its Corona Gold Project, located three kilometers northeast of Webbwood, Ontario. The Corona Gold Project encompasses the Shakespeare Mine that has operated intermittently since 1905 and produced 2,062 ounces of gold from 8,590 tons of material between 1905 and 1907 (Ontario Geological Survey Mineral Deposits Circular 18, 1979, part 2, 294p.). More recent grab sampling in the mine area reported 1.12-1.85 ounces per ton over an average width of one meter (Ontario Geological Survey Mineral Deposits Circular 18, 1979, part 2, 294p.).

The Company is also pleased to announce that it has signed a financial public relations service agreement with Mi3 Communications Financières Inc. ("MI3"), whose main offices are situated in Montreal, Quebec, to provide investor relations services to the Corporation

This alliance with MI3 will increase visibility in the financial marketplace for GeoNovus as well as expand its coverage within the financial network in eastern Canada. GeoNovus will grant incentive stock options to MI3 to acquire up to 300,000 shares in the capital of the Corporation at an exercise price of $0.05 per share.

The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., technical advisor to GeoNovus and qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.

GeoNovus Minerals Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all of its stakeholders.

ON BEHALF OF THE BOARD

Michael England, President

Forward-Looking Statement:

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of GeoNovus Minerals Inc. Actual results may differ materially from those currently anticipated in such statements. 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

  • GeoNovus Minerals Corp.
    Michael England
    President
    1-604-683-3995 or Toll Free: 1-888-945-4770
    1-604-683-3988 (FAX)
    www.geonovusminerals.com