Gold, Precious & Base Metal Plays

[sumisu]

Goldmarca geological interpretation indicates gold prospective zones 300 metres west of Aurelian discovery

Thursday August 10, 12:47 pm ET

TSX-V: GML

PANAMA, Aug. 10 /CNW/ - Further to Goldmarca Limited's (TSX-V:GML - News) news release of July 12, 2006 announcing the acquisition of the Eccolmetals Property, Ecuador, the initial geological interpretation has been completed and the results indicate a highly prospective zone for gold mineralization. The Eccolmetals Property is 300 metres west of Aurelian's high-grade gold properties Fruta del Norte ("FDN") in the Condor Gold Belt, Ecuador. See Figures 1 and 2 http://files.newswire.ca/499/GoldMarca_MAPS_Aug10.doc 2006.

Preliminary geological interpretation by Goldmarca indicates the gold mineralization in the FDN discovery zone and adjacent properties is controlled by major faults and shear zones and preserved in graben structures where the sandstone cover the gold system from erosion. Notably, Goldmarca, in the Eccolmetals Property, has identified prospective zones that have some 10 kms (6 miles) of strike of favorable structural controls for gold mineralization and are immediate drill test targets. In the east border (limit) of the Eccolmetals Property there is a concentration of the majority of the Aurelian high-grade targets (FDN and Bonza-Pena zones) controlled by a convergence zone of two regional faults, north-south plane and northeast alignments (Rio Branco and Las Penas Fault) with two local faults planes northwest, connected directly with the intrusive batholith 2 kms to the west. All of these faults are inside the Eccolmetals Property (Machinaza fault northwest trend). This provides evidence that the eastern side of the Eccolmetals Property is a highly prospective gold target.

Utilizing exploration knowledge of the region several targets have been identified inside the Condor Gold Belt, both previously and currently evaluated, the gold mineralization settings are favored by the open traps in volcanic and volcanica-clastic piles in the proximity to the contact with the Zamora Intrusive Batholith. The structural framework generated during the intrusion and the contact zone in this geological situation is the control and provided avenues for the channeling fluids and strong alteration - interaction, leaching, transport and deposition traps of the gold mineralization.

Work Program

Surveying of 40km grid lines has commenced on the Eccolmetals Property in preparation for geological mapping and geophysical induced polarization survey to better define drill targets.

Dr Howard Lahti, Ph.D. Geology is acting as the Qualified Person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy.

Condor Drill Results

Goldmarca is waiting for receipt of assay results from six drill holes from the Condor gold Project. Drill results will be released on receipt of the assays and independent verification thereof.


On behalf of the Board of Directors,


Robin Slaughter
President and Chief Executive Officer


ABOUT GOLDMARCA: Goldmarca Limited (TSX-V: GML - News) is an international mining company that is engaged in adding value to gold and base metal projects with a primary focus on assets in South America and Australia. By applying unique technology and expertise, Goldmarca is focused on delivering a low-cost option to develop resource projects that can provide a one-year payback of all capital costs. Goldmarca is also listed on the Frankfurt and Berlin exchanges under the symbol "GDQ." For more information, please visit www.goldmarca.com.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.


Safe Harbor Statement:
Statements contained in this release that are not historical facts are forward-looking statements which involve risk and uncertainties, which could cause actual results to differ materially from those, expressed in forward-looking statements including the following: changes in economic or environmental conditions and the Company's ability to execute its business model and strategic plans. The Company relies on litigation protection for forward-looking statements.

For further information

Robin Slaughter, President & CEO, at 507-66714370 or Nick DeMare, Director & CFO, at 1-604-685-9316 or send email to [e-mail]



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Source: Goldmarca Limited