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The following is
the public disclosure of to the stockholders regarding Geocom
Resources, inc's mineral surveys, rights, and activities in the
Espolon valley of Chile and other location in Chile, south America.These are related quotes and public
record disclosures from Geocom regarding their plans in the Chilean Patagonia:
The full text of this press release
from GROCOM found at:
http://www.stockhouse.com/news/news.asp?newsid=5048438
GEOCOM RESOURCES INC
Espolon Assays Copper to 3.52% Over 10
Meters and Gold to 20.9 Grams/Tonne Over 5 Meters
4/16/2007
BELLINGHAM, WA, Apr 16, 2007 (MARKET
WIRE via COMTEX News Network) --
Geocom Resources Inc. ("Geocom"
or "The Company") (OTCBB: GOCM). Further to the News
Release dated March 22, 2007, wherein Geocom announced the positive
gold assays in respect of the Espolon Project, part of the south
Chile Region Ten joint venture with Kinross Gold Corporation, the
Company is pleased to present the silver, copper, lead, zinc, and
tungsten analyses recently received from the laboratory.
Strong copper-silver-gold
mineralization is hosted by a subhorizontal manto containing
high-angle cross-cutting quartz veins and structural zones. The
copper mineralization ranges up to 13% and shows a strong association
with silver, which returned values of up to 172g/t (5oz/ton Ag). The
mineralized zone is also anomalous in lead and zinc. Tungsten (shown
here) and bismuth are also geochemically anomalous, reflecting the
skarn environment present over part of the Espolon property.
The subhorizontal mineralized manto is
cut by a series of mineralized en echelon quartz veins that occupy a
strong north-south structural trend. Mineralization in the veins
varies up to 60% total sulfide, with locally up to 30% chalcopyrite.
This veining is present throughout the zone, but is most intense over
a strike length of 1.5 kilometers (0.9 miles) at the northern end of
the known manto.
The Espolon Claim Block comprises 13
claims totaling 3,800 hectares (9,390 acres or about 14 square
miles). The claims cover a gold-silver-copper mineralized zone that
has now been traced over a strike length in excess of 3 kilometers (2
miles). The mineralized zone is 10 to 30 meters thick (32 to 96
feet). The zone consists of a gently dipping altered sequence of
volcanic tuffs, limestones, and argillites. These rocks have been
thermally metamorphosed and moderately to completely silicified.
Within the mineralized zone there is a massive sulfide layer that
varies in thickness up to 3 meters (about 10 feet) consisting of
pyrrhotite-pyrite with varying amounts of chalcopyrite.
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sample
Sample# sample type length Au_ppm
Ag_ppm Cu% Pb_ppm Zn_ppm W_ppm
(meters)
=======================================================================
529033 Chip 0.3 0.10
27.4 *2.53 81 375 9
529034 Chip 0.3 0.04
15.7 *2.02 29 255 47
529035 Chip 0.15 0.04
71.0 *1.14 643 87 7
529036 Chip 0.15 0.10
52.6 *2.44 < 3 231 9
529806 Chip 1.2 *3.36
2.9 0.09 64 285 < 2
529813 Composite 0.5 0.48
*172.0 *13.05 83 671 < 2
529820 Chip 2.4 0.48
*0.07 *0.17 < 3 72 79
529821 Chip 1.3 *11.4
4.7 0.09 145 83 * > 100
529823 Grab 0.11
46.9 *6.92 3 900 * > 100
531058 Chip 8.0 *1.00
4.2 0.43 5 31 25
531059 Chip 8.0 0.44
4.1 0.44 < 3 16 35
531060 Chip 8.0 0.19
4.0 0.10 < 3 26 99
531062 Chip 10.0 0.03
11.5 *3.52 50 119 19
531066 Grab *2.47
1.0 0.04 11 30 28
531067 Chip 7.0 0.46
0.7 0.06 11 27 50
531068 Chip 7.0 *3.20
0.7 0.03 12 24 29
531069 Chip 7.0 0.27
0.3 0.01 5 30 < 2
531079 Chip 8.0 *2.11
1.2 0.02 53 174 8
531080 Chip 8.0 0.34
0.5 0.02 15 99 < 2
531082 Chip 2.0 0.15
32.9 *2.97 19 497 14
531083 Chip 5.0 *8.06
8.4 0.09 438 4561 < 2
531084 Chip 5.0 *20.90
9.2 0.05 377 118 < 2
531085 Chip 5.0 *3.00
20.7 0.34 278 1616 < 2
531166 Chip 3.0 *1.43
1.8 0.14 107 231 < 2
531167 Chip 3.0 *5.38
4.4 0.39 35 255 < 2
531173 Grab 0.14
50.7 *6.62 488 4152 * > 100
531181 Float *19.1
62.1 0.11 *1.54 *2.72 < 2
531974 Chip 2.0 0.68
3.1 0.17 48 79 100
531975 Chip 2.0 0.27
1.1 0.12 10 93 14
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Overlimit results, and gold assays over
1g/t marked with (*)
The samples are being analyzed at Acme
Laboratories in Santiago, Chile using the Group 1D ICP-ES process for
30 elements, and the Au-FA (50) AAS process for gold. All samples
containing values of greater than 100ppm silver, 1,000ppm copper,
lead and zinc are then assayed using traditional wet chemical
analyses and fire assay procedures. Additional assays for both gold
and ICP are pending, and will be reported when received.
Geocom and Kinross are jointly
exploring and acquiring gold and other mineral targets in Region Ten
of south Chile. Properties acquired by the venture are managed via
individual joint venture on a 50-50 basis. Kinross has the right to
acquire a majority interest by making additional expenditures on
individual properties and by exercising warrants granted to Kinross
by Geocom.
For further information please contact
Samantha Haynes at 604.805.4653 or via e-mail at
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
On behalf of the Board of Directors
"John E. Hiner" President &
CEO
About Geocom Resources Inc.
Geocom Resources Inc. (OTCBB: GOCM) is
a U.S.-based mineral exploration company focused on acquiring and
developing mineral resources in geologically acceptable and
politically stable countries of the world. The Company is presently
active in Alaska, Argentina, Nevada, and Chile. The Company focuses
on development of projects that are or will be of interest to
mid-size or major producers with the goal to form joint ventures on
such projects. Geocom expects to grow and maintain an interest in
mines operated by its partners, allowing it to build value through
continued exploration. To find out more about Geocom Resources Inc.
please visit www.geocom-resources.com.
Safe Harbor Statement:
Statements in this document that are
not purely historical are forward-looking statements, including any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Forward-looking statements in this release
include regarding the continued evaluation and exploration program in
Region Ten of south Chile made pursuant to the joint venture
agreement between Geocom and Kinross, and in particular the Company's
intention to offer the Espolon claim-blocks to Kinross as a formal
joint venture in accordance with the reconnaissance venture
agreement. Factors that could cause actual results to differ
materially include risks and uncertainties of such as the failure or
inability of the parties to enter any formal joint venture agreement,
and in particular a joint venture in respect of the Espolon
claim-blocks, or either Geocom or Kinross being unable or unwilling,
whether for financial reasons or otherwise, to perform obligations
under any joint venture agreement that is entered, the inability of
either party to continue working in Chile, the inability of either
party to finance planned exploration, drilling and work programs, as
required from time to time, and any unforeseen difficulties in
commencing or completing such program, or the results of the programs
not showing any commercially feasible grades of minerals, any of
which could, among other things, delay, impede or prevent the planned
explorations and harm the viability of Geocom. Actual results may
also differ materially from those currently anticipated due to a
number of other factors beyond the reasonable control of the Company.
Additional information on risks and other factors that may affect the
business and financial results of the Company can be found in filings
of the Company with the U.S. Securities and Exchange Commission.
GEOCOM RESOURCES INC. Suite 413 - 114
West Magnolia Street Bellingham, Washington 98225 Tel (360) 392-2898
This is slightly different version of the press release above:
Geocom Establishes Espolon Project in
South Chile based on assay results.
Thursday, March 22, 2007
Bellingham, WA – March 22, 2007 –
Geocom Resources Inc. (“Geocom” or “The Company”) (OTCBB:
GOCM), is pleased to announce the positive results of mapping and
sampling at its Espolon Claim Block, which is part of the south Chile
Region Ten reconnaissance joint venture with Kinross Gold
Corporation.
Sampling by Geocom crews has returned
gold assays ranging from 0.56 ppm Au to 20.9 ppm Au (0.016opt Au to
0.61opt Au). Copper assays have not yet been received. Check sampling
has been conducted to verify the high grades of gold in numerous
samples, and additional results will be released when the lab
provides them. The table below sets forth a selection of sample
results and sample widths.
<techinical mesurments obmitted for
brevity>
Due to the excellent assay results and
the highly prospective geology, Geocom has selected and elevated this
claim block to project-level status. Upon receipt of complete
results, Espolon will be offered to Kinross for formal joint venture
in accordance with the reconnaissance venture agreement.
The Espolon Claim Block comprises 13
claims totaling 3,800 hectares (9,390 acres or about 14 square
miles). The project encompasses a variably altered and mineralized
gold and copper-bearing manto that has been traced over a strike
length in excess of 3 kilometers (2 miles). The mineralized manto is
10 to 30 meters thick (32 to 96 feet) and consists of a gently
northwesterly dipping altered volcano-sedimentary sequence of tuffs,
limestones, argillites and skarn. These rocks have been thermally
metamorphosed and moderately to completely silicified. Within the
manto there is a massive sulfide layer that varies in thickness up to
3 meters (about 10 feet) consisting of pyrrhotite-pyrite with varying
amounts of chalcopyrite.
Superimposed on the mineralized manto
is a series of mineralized en echelon quartz veins that are
controlled by a strong north-south structural trend. Mineralization
in the veins varies up to a total amount of 60% total sulfide, with
locally up to 30% chalcopyrite. This veining is present throughout
the zone, but is most intense over a strike length of 1.5 kilometers
(0.9 miles) at the northern end of the known manto.
Previous sampling of the manto zone by
the French agency BRGM encountered copper values in grab samples
ranging from 1 to 12%, and observed mineralized bedding thicknesses
of 0.5 to 7 meters.
Geocom and Kinross are jointly
exploring and acquiring gold and other mineral targets in Region Ten
of south Chile. Properties acquired by the venture are managed via
individual joint venture on a 50-50 basis. Kinross has the right to
acquire a majority interest by making additional expenditures on
individual properties and by exercising warrants granted to Kinross
by Geocom.
For further information please contact
Samantha Haynes at 604.805.4653 or via e-mail at
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
On behalf of the Board of Directors
John E. Hiner,
President & CEO
About Geocom Resources Inc.
Geocom Resources Inc. (OTCBB: GOCM) is
a U.S.-based mineral exploration company focused on acquiring and
developing mineral resources in geologically acceptable and
politically stable countries of the world. The Company is presently
active in Alaska, Argentina, Nevada, and Chile. The Company focuses
on development of projects that are or will be of interest to
mid-size or major producers with the goal to form joint ventures on
such projects. Geocom expects to grow and maintain an interest in
mines operated by its partners, allowing it to build value through
continued exploration. To find out more about Geocom Resources Inc.
please visit www.geocom-resources.com.
Safe Harbor Statement:
Statements in this document that are
not purely historical are forward-looking statements, including any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Forward-looking statements in this release
include regarding the continued evaluation and exploration program in
Region X of south Chile made pursuant to the joint venture agreement
between Geocom and Kinross, and in particular the Company’s
intention to offer the Espolon claim-blocks to Kinross as a formal
joint venture in accordance with the reconnaissance venture
agreement. Factors that could cause actual results to differ
materially include risks and uncertainties of such as the failure or
inability of the parties to enter any formal joint venture agreement,
and in particular a joint venture in respect of the Espolon
claim-blocks, or either Geocom or Kinross being unable or unwilling,
whether for financial reasons or otherwise, to perform obligations
under any joint venture agreement that is entered, the inability of
either party to continue working in Chile, the inability of either
party to finance planned exploration, drilling and work programs, as
required from time to time, and any unforeseen difficulties in
commencing or completing such program, or the results of the programs
not showing any commercially feasible grades of minerals, any of
which could, among other things, delay, impede or prevent the planned
explorations and harm the viability of Geocom. Actual results may
also differ materially from those currently anticipated due to a
number of other factors beyond the reasonable control of the Company.
Additional information on risks and other factors that may affect the
business and financial results of the Company can be found in filings
of the Company with the U.S. Securities and Exchange Commission.
From their filing with the United
States Securities and Exchange commission (SEC), they disclosed that their
company in Chile is Minera Geocom Resources-Chile Limitada, and their
activities in Chile are extensive:
All of their public US filings can be
found here
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1141787
The incorporation of our Chilean
subsidiary, Minera Geocom Resources-Chile Limitada, was recorded on
October 16, 2003 with the Registry of Commerce of Santiago. The
formation of this subsidiary allows us to carry out exploration and
acquisition efforts in Chile.
On October 31, 2003 we announced the
acquisition of two gold and base metal projects in Chile. Our Chilean
subsidiary personnel staked both properties on our behalf. The claims
were staked prior to the incorporation of Minera Geocom
Resources-Chile Limitada, our Chilean subsidiary, due to competitive
activity in the area, and will be transferred to Minera Geocom
Resources-Chile Limitada upon completion of the claim filing process.
On January 24, 2005 we announced that
our wholly-owned subsidiary, Minera Geocom Resources-Chile Limitada
(MGRC), has signed a formal joint venture agreement to earn a 55%
interest on the Escorpion gold property from Minera Canela S.A. The
property is situated in the fourth region Province of Choapa in
Chile. To earn our interest, we must spend US$1,700,000.50 over four
years on exploration and development and we must expend $150,000.50
in exploration on the property on or by December 31, 2005. We had
spent $80,340.97 as of June 30, 2005
On April 4, 2005 we announced an
exploration agreement between our wholly-owned subsidiary, MGRC, and
Mr. Robert Mitchell in which MGRC acquired the rights to use an
extensive, regional database containing numerous copper, gold, and
platinum/palladium occurrences in regions 10 and 11, the Patagonia
area of southern Chile.
Regions 10 and 11, the Patagonia area
of southern Chile
On April 6, 2005 we announced that,
through our wholly-owned subsidiary Minera Geocom Resources-Chile
Ltda. ("MGRC"), we have initiated an exploration program in
regions 10 and 11, the Patagonia area of southern Chile. By virtue of
an exploration agreement with Mr. Robert Mitchell ("Mitchell"),
a Canadian prospector resident in Chile, MGRC has acquired the rights
to use an extensive, regional database containing numerous copper,
gold, and platinum/palladium occurrences in an area of Chile that has
been historically under explored. MGRC and Mitchell have teamed up to
evaluate, further define, and acquire prospective land positions in
this region.
Mitchell has accumulated geochemical
data from various sources such as BRGM (Bureau de Researche de
Geologie et Miniere - a French government agency) and Sernageomin
(Chilean exploration agency), BHP-Billiton, and others. Mitchell
compiled over 1600 stream sediment and 1300 rock chip samples,
augmented by his own exploration work, into a GIS database combining
topography, digital elevation data, landsat imagery, air photos,
structural interpretation and published geology. Interpretation and
analysis of this database combined with ground follow-up resulted in
the identification of over 40 new mineralized occurrences.
The 3,000+ sample database includes
multi-element assays, and covers a broad range of geologic terrains.
These terrains offer the potential for porphyry copper, epithermal
gold, and massive sulphide deposits. In addition, the database
revealed significant platinum/palladium anomalies in stream sediments
and pan concentrates. Numerous coarse-gold placer occurrences were
also identified that have no associated primary source.
The first phase of the exploration
program was jointly designed by the us and Mitchell, and is focusing
on areas of gold anomalies in both stream and pan concentrate
samples, which also display a geochemical signature indicative of
epithermal gold deposits. This work will consist of mapping and rock
sampling to determine the potential for a significant ore deposit.
Land acquisition will follow upon the validation of any significant
mineral potential.
Phase II will follow-up on the porphyry
copper potential of the region, and Phase III will address the PGM
occurrences. The Phase II and III programs will coincide with further
programs on the gold targets developed during Phase I. Mitchell has
been contracted to provide logistical and field management of the
exploration and acquisition program. We are pleased to have Mitchell,
who is an experienced prospector and self-taught geologist, working
with our company.
Our management anticipates that
property acquisition will follow rapidly from this first phase of
exploration which commenced last week. In keeping with the our
corporate philosophy, management considers the acquisition of this
database and Mitchell's services to be an excellent means to rapidly
identify and acquire high-quality exploration projects for timely
development in an area of growing interest.
There are repeat offender in Region IX
and X, with projects also in region IV of Chile:
In August 18, 2005, Geocom announced
the receipt of results and report on initial activities in Region IX
of its South Chile program. In addition to reconnaissance mapping and
rock chip sampling, Geocom personnel conducted repeat sampling in the
same areas where the previous sample data indicated as a means of
confirming the gold and other element anomalous zones, as well as to
validate the database. Geocom is pleased to report that work in the
2005 season confirmed the earlier results. Samples taken in the same
drainages and in approximately the same locations produced anomalous
gold assays ranging from 0.074 to >1 gram per tonne Au.
From the investment review Febeurary
2006 at:
http://www.foreigninvestment.cl/pdf/Investment_review_february2007.pdf.
GEOCOM AND KINROSS GOLD
CORPORATION MOBILIZE FOR
THE SOUTH CHILE
PROJECTS EVALUATION
Geocom Resources Inc. is pleased to
announce that the Company and Kinross
Gold
Corporation have mobilized their
geologic
teams to Region Ten of south Chile to
evaluate its claims and to develop
drill targets.
In November 2006 Geocom and Kinross
staked a total of 318 claims in six
separate
claimblocks in Region Ten, based on
anomalous multi-element sample results
and
prospective geology that exhibited the
conditions to develop potentially
economic
mineral deposits. The total number of
hectares
acquired is 91,700, which is equivalent
to
354 square miles.
Four technical teams have been deployed
to
conduct mapping and detailed sampling
on
six high-priority targets: the Chaitén
copper-
gold-molybdenum porphyry, the Cerro
Primero disseminated gold target, the
Cerro
Vaca gold target, Cerro Mera gold-zinc-
copper skarn target, the Cerro Condor
gold
zone, and the Rio Azulado porphyry
copper
target.
As part of the Río Azulado
evaluation, the
Tigre high-grade silver zone will be
sampled.
Numerous secondary targets will be
evaluated
after the primary targets have been
developed
to drill-ready status.
Geocom and Kinross management are
pleased
with the results to date, and have
fast-tracked
the development of potential drill
targets on
the joint venture's claims. Due to the
success
achieved by the initial reconnaissance
program, additional exploration in new
areas
of Region Ten is planned.
This exploration venture with Kinross
is a
further implementation of Geocom's
business
strategy of developing new exploration
targets
that it considers to have solid
development
potential, and then forming ventures
with
solid operating companies for continued
development. In the view of management,
such ventures will allow Geocom to
continue
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