Suche
 
Folgen Sie uns auf:

GeoNovus and Inmet Begin Drilling at Red Hills, Arizona

25.02.2013  |  Marketwired
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/25/13 -- GeoNovus Minerals Corp. (TSX VENTURE: GNM) ("GeoNovus" or the "Company") is pleased to announce the start of drilling at the Red Hills porphyry copper project in south east Arizona.

In late 2012, drilling confirmed the presence of a fault-displaced portion of a porphyry system under sedimentary cover with an average of 0.18% Cu intercepted over 104.2 meters, including two separate intercepts of 0.39% Cu over 9.75 meters and 0.42% Cu over 11.8 meters, respectively (see news release, September 15th, 2012). The results suggested that the western portion of the property should be targeted for drilling, and a gravity survey was conducted to better define those areas (see news release, January 25, 2013).

The Company (through operator Bronco Creek Exploration, Inc.) has engaged Major Drilling, Inc. (Salt Lake City, Utah) for follow up drilling at Red Hills with a combined rotary / core program anticipated to total approx. 1800 meters. Drilling is expected to take 45 days to complete.

The technical contents of this release were reviewed by Dr. Tom E. McCandless, P. Geo., Technical Advisor to GeoNovus Minerals and qualified person as defined by National Instrument 43-101.

GeoNovus has an option agreement with Inmet Mining Corp. to explore the Red Hills porphyry copper project, with GeoNovus holding its interest under a mining lease agreement with Eurasian Minerals Inc. through its wholly-owned subsidiary Bronco Creek Exploration, Inc. ('Bronco Creek'). Eurasian Minerals (through Bronco Creek) has acted as manager for the work programs at Red Hills.

The Company has also concluded that based on its last drilling results, no further work is warranted at its Middle Mountain copper porphyry project. Middle Mountain was explored under an option agreement with Inmet and mining lease agreement with Bronco Creek similar to that at Red Hills.

GeoNovus Minerals Corporation (TSX VENTURE: GNM) is a junior exploration company actively seeking mineral development opportunities for the benefit of all our stakeholders, with two active porphyry copper exploration projects in Arizona.

Eurasian Minerals Inc. (NYSE MKT: EMXX) (TSX VENTURE: EMX) is a global gold and copper exploration company utilizing a partnership business model to explore the world's most promising and underexplored mineral belts. EMX generates wealth via grassroots prospect generation, strategic acquisition, and royalty growth.

Inmet Mining Corporation (TSX: IMN) is a Canadian-based global mining company that produces copper, and zinc, with operations in Turkey, Finland, and Spain.


ON BEHALF OF THE BOARD

Michael England
President



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:

GeoNovus Minerals Corp.
Michael England, President
1-604-683-3995 or Toll Free: 1-888-945-4770
1-604-683-3988 (FAX)
www.geonovusminerals.com
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
GeoNovus Minerals Corp.
Bergbau
-
-
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"