Mar 5 2011
GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) 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.
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 (>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.