Welcome To The Geo Minerals Ltd HUB On AGORACOM
Geo Minerals is currently exploring British Columbia, Saskatchewan and Arizona for Zinc/Lead/Silver/Copper, Coal, and Copper/Moly, respectively.
Message: Alix and Geo Secure Drill Permits on Manitoba Coal Property and Announce Drill D
| February 12, 2009 |
| Alix and Geo Secure Drill Permits on Manitoba Coal Property and Announce Drill Dates |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2009) - ALIX RESOURCES CORP. (TSX VENTURE:AIX)(FRANKFURT:37N) and GEO MINERALS LTD. (TSX VENTURE:GM) (The "Companies") announce that the Companies have received a Work Permit from the Manitoba Conservation Office which allows for the drilling of up to 12 holes on the Red Deer Lake Project adjoining Goldsource Mines "Border" Property. The Red Deer Lake Project is located in west central Manitoba and lies between Goldsource's Saskatchewan "Border" Property and their "Pine River" Property located in Manitoba. The Red Deer Lake project is located within the same geological package as Goldsource Mines projected "Durango Coal Trend". The Companies have secured a drill and are targeting to mobilize by March 1st, 2009, subject to final approval by the Winnipeg Mineral Titles Branch. The proposed 12 drill holes are located to test the geological trend of the Cretaceous Mannville Formation from Goldsource's Durango Coal seam discovery in Saskatchewan. The drill area was chosen as a target by the Companies coal geologist, consultant Terry Massoth, M.Sc., as being a prospective area for shallow intercepts of coal. Mr. Massoth's coal experience includes work with BHP Minerals where he directed field coal reconnaissance and drilling programs in the western USA and eight Latin America and Caribbean countries; compiled and ranked most highly prospective deposits, and collected samples. Further backup of the Durango Coal Trend can also be found in a news release by Goldsource on October 3, 2008 in which it states, "The company has carried out an extensive review of government historical databases to identify other areas of potential which are located outside the Border property area and along the developing coal trend that appears to be a minimum of 600 kilometres in length throughout eastern Saskatchewan and parts of Manitoba." The acquisition of the option on the Manitoba Coal Property was announced in Stockwatch on Nov. 5, 2008, in an agreement with a Saskatchewan-based private company, NuCoal Energy Corp. Alix and Geo have the right to acquire an undivided 60% interest, and up to 80% upon completion of a feasibility study, on the 31,904 hectares (78,836.5 acres) of prospective coal ground. Under the same agreement, the companies have an additional option from NuCoal with ground in the Torch River area of Saskatchewan that adjoins the Weststar Resources "18 meter" Property. This is an option to acquire an undivided 60% interest, and up to 80% upon completion of a feasibility study, in mineral interests located in the Torch River area of the Province of Saskatchewan. The Companies are also awaiting the issuance of filed work permits for up to 10 additional holes proposed on the Wapawekka Lake Property in Saskatchewan. Geo and Alix now have 250,398 acres covered by Coal Prospecting Permits, with another 159,334 acres in the Torch River area under option from NuCoal, and the Manitoba coal property covering 78,836 acres for a total acreage of 488,568 acres. The technical contents of this release were approved by Geo Minerals' board member and qualified person as defined by National Instrument 43-101, Marvin Mitchell, PEng. For further information we invite you to visit us at www.alixresources.com and http://www.geominerals.ca/. Alix Resources and Geo Minerals are both junior exploration companies actively seeking mineral and energy opportunities for the benefit of all their stakeholders. ON BEHALF OF THE BOARD Michael England, President |
Loading...
Loading...
New Message
Please
login
to post a reply