17:08:53 EDT Tue 23 Apr 2024
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GeoNovus Minerals Corp
Symbol GNM
Shares Issued 23,164,902
Close 2013-02-15 C$ 0.09
Market Cap C$ 2,084,841
Recent Sedar Documents

GeoNovus drills two holes at Silver Bell for 697.47 m

2013-02-19 08:54 ET - News Release

Also News Release (C-EMX) Eurasian Minerals Inc

Mr. Michael England of GeoNovus reports

GEONOVUS COMPLETES SUCCESSFUL DRILLING PROGRAM AT SILVER BELL WEST PORPHYRY COPPER PROJECT, ARIZONA

GeoNovus Minerals Corp. provides a drilling update at the company's Silver Bell West porphyry copper property in south-central Arizona. Two core holes were drilled for a total of 696.47 metres (2,285 feet). The first hole, located just south of the haul road and oriented at an azimuth of north 42.5 east at an inclination of 60 degrees, encountered hydrothermally altered granite with a visually estimated average of 2.1 per cent by volume total sulphide starting at 122 metres (400 feet) and extending over 100 metres (330 feet). The second hole was drilled vertically from the same site and encountered similar alteration but less intense mineralization with 1.2 per cent by volume total sulphides from surface to 54.86 metres depth (580 feet), also by visual estimates. Core from the first hole has been logged, and samples have been shipped out for assay.

The Silver Bell West claims cover portions of the Silver Bell mine haul road owned by ASARCO. Silver Bell Mine began operations in 1954 and produced 46.3 million pounds of high-purity copper cathodes in 2010 (ASARCO mining giant notching 100 years of operation in Arizona; Arizona Daily Star, March 4, 2012).

The Silver Bell West property is under lease from Bronco Creek Exploration (see Geo Minerals news release Aug. 27, 2009), a wholly owned subsidiary of Eurasian Minerals Inc.

The technical contents of this release were approved by Dr. Tom E. McCandless, PGeo, technical adviser to GeoNovus Minerals and qualified person as defined by National Instrument 43-101.

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