GM Geo Minerals Ltd

GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) ("GEO" or the "Company") is
pleased to announce completion of its drilling program with Inmet Mining Corp.
at the Middle Mountain porphyry copper property in south central Arizona. Two
vertical drill holes were completed using reverse-circulation drilling methods
to test for porphyry copper mineralization believed to be present in extended
and tilted structural blocks beneath shallow gravel cover and outcrops
exhibiting intense alteration and quartz-sulfide veining. One hole on the
eastern portion of the property encountered 154 meters (505 feet) of altered
granitic porphyry rocks with sulfides or oxides after sulfides, and will be
assayed for copper in the coming weeks.


Based on the drilling results, the Company plans to file permits for an
additional series of drill holes, with the goal to test the extent of the
altered and mineralized rocks in the eastern portion of the property. This is
the same region where altered and mineralized rocks were reported in the
previous drilling program (see news release, Jan. 8, 2009).


Drill hole MM-24 tested a geophysical anomaly on the eastern part of the
property, and encountered basement rock after passing through 68 m (225 ft) of
unconsolidated cover. Three meters (10 ft) of volcanic rock gave way to
intensely quartz-sericite-pyrite altered granitic rocks with oxidized pyrite. At
85 m (280 ft), fresh pyrite was encountered and continued intermittently to 108
m (355 ft) with some zones exhibiting black coatings on the pyrite. Several
varieties of granite porphyry were then encountered with weak to moderate
alteration including iron oxides after sulfides. Less altered porphyritic rock
was encountered at 146 m (480 ft), with thin veins of pyrite continuing to the
bottom at 226 m (740 ft). 


Drill hole MM-1 was collared four and a half kilometers west-southwest of MM-24,
and encountered biotite granodioritic porphyritic rocks and porphyries (likely
Laramide age) after passing through approximately 61 m (200 ft) of
unconsolidated cover. The porphyritic rocks were weakly chlorite and locally
epidote altered, and continued to the TD at 300 m (985 ft). Several faults were
encountered including one at 227 m (745 feet) with abundant hematite coated
fractures and associated calcite and MnOx veining.


All descriptions are visual field-based observations; relevant intervals will be
assayed with results expected in the coming weeks. The drill rig will next
mobilize to the Company's Red Hills porphyry copper project, located ten
kilometers north of Middle Mountain. 


GEO has an option agreement with Inmet Mining Corp. (INM-TSX) to explore the
Middle Mountain porphyry copper project, with GEO holding its interest under a
mining lease agreement with Eurasian Minerals Inc. (EMX-TSX:V) through its
wholly-owned subsidiary Bronco Creek Exploration (see news release, Nov. 17,
2009). Eurasian Minerals is acting as manager for the work programs at Middle
Mountain. 


The technical contents of this release were approved by Technical Advisor to Geo
Minerals and qualified person as defined by National Instrument 43-101, Dr. Tom
E. McCandless, P. Geo. 


Geo Minerals is a junior exploration company actively seeking mineral and energy
opportunities for the benefit of all our stakeholders, with four active porphyry
copper exploration projects in Arizona. 


Eurasian Minerals Inc. (EMX-TSX:V) is a Canadian-based junior exploration
company with properties in Haiti, Turkey, Europe, United States, the Kyrgyz
Republic, and Australia/Asia-Pacific. 


Inmet Mining Corporation (IMN-TSX:V) is a Canadian-based global mining company
that produces copper, zinc and gold, with operations in Turkey, Finland, Canada
and Spain.


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 Geo
Minerals Inc. Actual results may differ materially from those currently
anticipated in such statements.

Geo Minerals Ltd (TSXV:GM)
Historical Stock Chart
From May 2024 to Jun 2024

Geo Minerals Ltd (TSXV:GM)
Historical Stock Chart
From Jun 2023 to Jun 2024