Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent
Geo Minerals-Positive Drilling Results at Red Hills, Success Continues on the Arizona Porphyry Projects
Published : February 14, 2011

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Copper | Europe | Haiti | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2011) - GEO MINERALS LTD. (News - Market indication)(FRANKFURT:8G3) ("GEO" or the "Company") is pleased to announce the completion of an initial drill test of one IP geophysical anomaly on a portion of its Red Hills porphyry copper property in south central Arizona. A single vertical RC hole drilled to test this anomaly encountered variably altered and mineralized rocks before termination of the hole at 610 meters (2,000 feet). This follows directly on positive results at Middle Mountain, Arizona, where drilling encountered 154 meters (505 feet) of altered granitic porphyry rocks with sulfides, or oxides after sulfides (see news release, Jan. 17, 2011). Based on the correspondence of the deep induced polarization (IP) anomaly with alteration and mineralization at depth in the Red Hills drilling, additional IP geophysics is planned in order to direct the next phase of drilling.

The Red Hills porphyry copper project is located in a southwest-trending belt of porphyry-copper mineralization that includes operating mines such as Ray, Copper Cities, Miami-Inspiration, Carlotta, and the Resolution deposit that is presently under pre-feasibility assessment by Rio Tinto. Drilling at Red Hills in 2009 included an intersection of exotic copper oxide mineralization (see news release, Jan. 8, 2009), and a geophysical survey completed in 2010 identified three separate IP anomalies that led to the acquisition of 31 additional claims totaling 253 hectares (see news release, May 11, 2010). The present drilling program completed a vertical RC drill hole on one anomaly for a total of 610 meters (2,000 feet).

Bedrock was intersected at 10 meters (~35 feet) consisting of coarse-grained granite with local porphyry dikes and some granitic rocks with textures consistent with Laramide age granites associated with porphyry copper deposits in the region. In the upper part of the drill hole, these rocks were generally weakly altered with local chlorite + sericite altered zones with primary iron-oxide + quartz ± oxidized chalcopyrite + pyrite veins. The iron-oxide alteration increased at depth, particularly below ~550 meters (~1800 feet) where alteration characterized by quartz + sericite + pyrite was also encountered, with locally pervasive intervals containing as much as 5% disseminated pyrite below about 580 meters (~1900 feet). These alteration assemblages continued to the end of the hole at 610 meters (2000 feet). The styles of alteration and locally abundant pyrite mineralization is suggestive that a structural block containing peripheral, shallow styles of porphyry mineralization was encountered at depth, providing additional evidence that one or more porphyry centers have been dismembered across the property.

Based on these results, further IP profiles are planned in order to determine where additional drill holes should be placed to intersect better mineralized portions of the system. Representative samples of the lithologies will also be assayed with results expected in the coming weeks.

"We are very encouraged by these results, in particular, that the IP geophysics does appear to correlate with alteration and mineralization suggestive of a buried porphyry system at Red Hills," states Michael England, CEO of Geo Minerals. "Both the Red Hills and Middle Mountain projects are conceptual porphyry copper plays, and these positive results give both projects credibility."

GEO has an option agreement with Inmet Mining Corp. (TSX:INM) to explore the Red Hills porphyry copper project, with GEO holding its interest under a mining lease and option agreement with Eurasian Minerals Inc. (TSX VENTURE:EMX) 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 Red Hills. 

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. (TSX VENTURE:EMX) 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 (TSX VENTURE:IMN) is a global mining company that produces copper, zinc and sulphur with operations in Turkey, Finland, and Spain.

ON BEHALF OF THE BOARD
Signed "Michael England" 
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 the 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.

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.

For more information, please contact

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
Données et statistiques pour les pays mentionnés : Haiti | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Haiti | Tous

Geo Minerals

EXPLORATEUR
CODE : GM.V
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Geo Minerals est une société d’exploration minière de cuivre basée au Canada.

Geo Minerals détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont RED DEER LAKE, SILVER BELL WEST PROPERTY, WAPAWEKKA, RED HILLS ARIZONA, COPPER SPRINGS PROJECT, MIDDLE MOUNTAIN, WHISKEY GAP et WINDFALL au Canada.

Geo Minerals est cotée au Canada. Sa capitalisation boursière aujourd'hui est 19,2 millions CA$ (18,5 millions US$, 14,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 13 juin 2008 à 0,88 CA$, et son plus bas niveau récent le 24 décembre 2008 à 0,03 CA$.

Geo Minerals possède 113 102 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Financements de Geo Minerals
29/04/2011Closes Financing
Rapports Financiers de Geo Minerals
22/06/2011GobiMin Announces First Quarter 2011 Results
Projets de Geo Minerals
14/02/2011(Red Hills Arizona)-Positive Drilling Results at Red Hills, Success Continues o...
Communiqués de Presse de Geo Minerals
06/07/2011Amends Terms of Lease Option Agreement of Silver Bell West i...
16/06/2011GMV MINERALS INC. ADDS SECOND DRILL RIG TO GUYANA PROGRAM - ...
09/06/2011GobiMin Inc. - Annual General Meeting of Shareholders
03/06/2011to Commence Continued Field Exploration and Drilling Work Pr...
09/05/2011GMV MINERALS INC. ANNOUNCES DRILL PROGRAM UNDERWAY IN GUYANA...
31/03/2011MEGA INTERSECTS 1.44 % TREO OVER 485.45 METERS IN HOLE MVL-1...
21/03/2011GobiMin announces resource estimate for Sawayaerdun Gold Pro...
04/03/2011Plans Drill Program for the Upcoming Season at the West Blac...
28/07/2008RECEIVES ADDITIONAL COMFORT LETTERS FOR SASKATCHEWAN COAL PR...
17/06/2008ANNOUNCES COMMENCEMENT OF DRILLING IN ARIZONA
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (GM.V)
0,170+0.00%
TSX-V
CA$ 0,170
19/12 15:58 -
0%
Cours préc. Ouverture
0,170 0,170
Bas haut
0,170 0,170
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,170 -%
Volume var. 1 mois
773 400 -%
24hGold TrendPower© : 44
Produit
Développe
Recherche Coal - Copper - Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
6,93 AU$+1,17%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
9,36 US$+6,61%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,58 GBX+0,00%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+10,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
1,98 CA$+0,51%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
12,12 CA$+4,21%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,34 CA$+3,03%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,18 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,83 CA$+8,93%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,01 US$+0,20%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.