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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2011) -
GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) ("GEO" or the "Company") is pleased to announce drilling has commenced at its Red Hills porphyry copper property in south central Arizona.
Geo has an option agreement with Inmet Mining Corp. (TSX:IMN) to explore the Red Hills porphyry copper project, with GEO holding its interest under a mining lease 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.
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:IMN) is a Canadian-based global mining company that produces copper, zinc and gold, with operations in Turkey, Finland, Canada and Spain.
ON BEHALF OF THE BOARD
Michael England, President