Geo Minerals Plans Drill Program for the Upcoming Season at the West Blackwater Property, B.C.
March 04 2011 - 8:00AM
Marketwired
GEO MINERALS LTD. (TSX VENTURE: GM)(FRANKFURT: 8G3) ("GEO" or the
"Company") has initiated a review of last fall's (2010) geological
mapping and geochemical sampling program on its 100% owned West
Blackwater property, directed at the permitting of a Phase 1
diamond drill program this summer. The West Blackwater property is
located approximately 150 kilometres south of Vanderhoof, B.C., and
immediately west of Richfield Ventures Corp.'s Blackwater property.
Richfield has recently announced the first 43-101 compliant
resource estimate on the Blackwater Property (See Richfield press
release, March 2, 2011) of 1.83 million ounces of gold in the
indicated category, and 2.34 million ounces of gold in the inferred
category.
The West Blackwater property has recently been expanded with the
acquisition of two properties comprising 910 hectares. To view a
map of Geo's updated West Blackwater property check out
www.geominerals.ca.
On the original 445 hectare West Blackwater property claim last
fall's program uncovered multiple gold-in-soil anomalies, with a
peak gold value of 0.35 grams per tonne (357 ppb - parts per
billion) received in the south - central portion of the property.
Four soil samples returned greater than 20 ppb gold, and an
additional four samples returned 10-19 ppb gold. These samples are
considered to be significantly anomalous when compared to other
geochemical surveys in the region that are available on the B.C.
government assessment files. As reported in the Company's press
release (Dec 14, 2010) assessment file number 29363, on the Dave
claim, now owned by Richfield Ventures Corp., reports peak value of
220 ppb gold from a 2007 soil sampling survey, and indicated "four
zones of anomalously high gold values (greater than 20 ppb) were
identified". Field activities in 2010 were completed by UTM
Exploration Services of Smithers, B.C.
Additional prospecting, geophysics and further detailed
geochemical surveys is proposed on the West Blackwater property in
the spring of 2011, and a Phase 1 drill program is being planned
for the summer. Drilling would be helicopter supported from a
staging pad just off the road that accesses the Blackwater
property.
The technical contents of this release were approved by Geo's
board member and qualified person as defined by National Instrument
43-101, Marvin Mitchell, P. Eng.
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.
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.
Neither 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.
Contacts: Geo Minerals Ltd. Michael England President
1-604-683-3995 or Toll Free: 1-888-945-4770 1-604-683-3988 (FAX)
www.geominerals.ca
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