Geo Minerals, Alix begin exploration on coal properties
2008-10-02 13:18 ET - News Release
See News Release (C-GM) Geo Minerals Ltd
Mr. Michael England of Geo Minerals reports
GEO AND ALIX ANNOUNCE INITIAL GROUND WORK ON COAL PROPERTIES IN SASKATCHEWAN
Geo Minerals Ltd. and Alix Resources Corp. have applied for additional coal dispositions, totalling approximately 9,200 hectares, that cover historic near-surface coal intercepts within the Mannville group and within the mineralized trend that host the recent Goldsource Mines Inc. (TSX-V: GXS) coal discovery.
Alix and Geo have now applied for a total of approximately 147,000 hectares or 375,000 acres of prospective ground at Wapawekka Lake, Montreal Lake, La Ronge, Narrow Hills and north of Pasquia Hills. Review of historical reports on these prospects have identified six coal outcrops and three coal intercepts. A complete updated map will be available soon on the Alix and Geo websites.
These new applications are to the west of Wapawekka Lake. This area between Lac La Ronge and Wapawekka Lake have had some exploratory drilling conducted in the past. The historic drilling discovered at least one hole drilled in 1971 by Flin Flon Mines Ltd., which intercepted a near-surface, 17-foot coal zone, from a depth of 35 feet to 52 feet.
This area is west of the 6 coal outcrops (known and mapped) that occur over a 3.5 mile distance. Of note, a Department of Mineral Resources, Province of Saskatchewan publication titled "Silica Sand and Coal Occurrences on Wapawekka Lake" by W.J. Pearson 1961, states: "The coal outcrops at Wapawekka lake...may indicate the northern edge of a coal field lying to the south, southwest and west of Wapawekka Lake."
A review of filed technical reports that cover any past work on the areas under coal disposition application is under way in Regina. All ground except for the recent applications have received first priority comfort letters from the Saskatchewan Ministry of Energy and Resources.
The Companies geologic team will be travelling to the properties on October 6,2008 for initial reconnaissance including pinpointing the Wapawekka outcrops, and general examination of all the ground applied for by Alix and Geo.
Applications will be made to the appropriate Saskatchewan authorities for trenching and near surface drilling after this initial program and further review of all available public material.
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, P.Eng. |
