Geo Minerals Commences Work Programs With Inmet at Red Hills and Middle Mountain, Arizona
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 10, 2010) – GEO MINERALS LTD. (TSX VENTURE:GM) (“GEO” or the “Company”) reports Inmet Mining Corp. (IMN-TSX) has authorized initial proviso work programs for both the Red Hills and Middle Mountain properties in Arizona. Permitting has begun, with work on the belligerent approaching to embark after in the month.
As voiced November 17, 2009, Geo Minerals Ltd. entered in to dual apart choice agreements with Inmet Mining Corp. to try Geo’s porphyry copper projects located in the Arizona porphyry copper province. Inmet has the choice to consequence a 70-per-cent seductiveness in Geo’s Red Hills skill and a 70-per-cent seductiveness in Geo’s Middle Mountain skill by creation accumulative money payments of $675,000 and scrutiny expenditures of $2-million over 5 years on any of the projects. Geo Minerals binds the seductiveness in the projects underneath mining franchise and choice agreements with Bronco Creek Exploration Inc., a US auxiliary of Eurasian Minerals Inc. Bronco Creek Exploration Inc. will action as physical education instructor for both projects for this initial work program.
The projects distortion inside of a extended leather belt of porphyry-copper mineralization together with handling mines which widen from the Globe-Miami district westward by Resolution, Ray, and Florence. Drilling at Middle Mountain in 2009 intersected intervals of heated alteration, with zonation unchanging with a constructional indication of a hydrothermal complement as dismembered and rotated we estimate 90 degrees. At Red Hills, training in 2009 enclosed an intersection of outlandish copper oxide mineralization (see Geo headlines releases, Jan. 8 and Nov. 17, 2009). The 2010 programs will embody aspect mapping and geophysical surveys over both properties with the design to finalise the subsurface make up as it relates to aspect exposures.
The technical essence of this recover were authorized by Dr. Tom McCandless, Technical Advisor to Geo Minerals and competent chairman as tangible by National Instrument 43-101.
For serve report we entice you to revisit us at www.geominerals.ca.
Geo Minerals is a youth scrutiny association actively looking vegetable and appetite opportunities for the good of all the stakeholders, with 4 active porphyry copper projects in Arizona.
Inmet Mining Corporation is a Canadian-based tellurian mining association which produces copper, zinc and gold, with operations in Turkey, Finland, Canada and Spain.
Bronco Creek Exploration is a wholly-owned auxiliary of Eurasian Minerals with scrutiny properties in key mining districts of Arizona, Nevada, and Wyoming.
ON BEHALF OF THE BOARD
Michael England, President
Forward-Looking Statement:
Some of the statements in this headlines recover enclose forward-looking report which involves fundamental risk and doubt inspiring the commercial operation of Geo Minerals Inc. Actual formula might talk about materially from those now expected in such statements.
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