Jan 6 2011
GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) announces the resumption of its drilling program with Inmet Mining Corp at the Middle Mountain porphyry copper property in south central Arizona.
Weber Drilling (St. David, Arizona) has been contracted to complete two test drill holes of 370 meters each (~1,214 feet) 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.
The targets are defined by an induced polarization/resistivity (DC/IP) geophysical survey completed by the Company (see news release, May 11, 2010), in combination with surface geological mapping. Previous drilling by the Company on the eastern portion of the property included three drill holes that intersected intense sericite-pyrite alteration typical of the outer pyritic shell of a porphyry copper-molybdenum deposit at depths of 207 meters (680 ft.), 151 meters (498 ft.), and 24 meters (80 ft) (see news release, Jan. 8, 2009).
The program is expected to take approximately seven days, after which the drill rig will 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.
Source: GEO MINERALS LTD.