Samples from the Whiskey Gap Project Submitted
March 17, 2008, GEO MINERALS LTD. (“GM” or the “Company”) is pleased to announce that Dolman Drilling of Pincher Creek has completed the drilling of 378 meters in five Reverse Circulation holes on the Whiskey Gap property located in Southern Alberta along the Canada/U.S.A border.
Samples were collected from 2 of 5 reverse circulation holes in a recently discovered area that returned assay values as high as 160 ppb Uranium, 420 ppb Molybdenum and 140 ppb Arsenic in water samples as previously reported by the Alberta Geological Survey (AGS sample number 06USA017). The two locations the samples were collected from are approximately 50 meters apart. The samples were collected over a 2 meter interval from both holes, beginning at 45 meters below surface. The samples have been sent to the SRC in Saskatoon for analysis.
About Whiskey Gap
The 44,400 acres Whiskey Gap Uranium project is located in Southern Alberta along the Canada/U.S.A border. North American Gem Inc. entered into a Joint Venture Agreement with International Ranger Corp. (OTC pink sheets: IRNG) on November 1, 2005 and has completed two drill programs in which anomalous radioactivity was intersected in 31 of 37 drill holes totaling 4005 meters.
With the discovery of strongly reducing, radioactive sandstones, containing anomalous heavy metals and associated radon in water, Management remains confident that the Whiskey Gap lands could contain significant Sandstone Hosted Uranium mineralization.
Most recently a Water Sampling Program had been conducted on the Whiskey Gap project lands by the Alberta Geological Survey. The survey data is released as Earth Sciences Report 2007-08 by R. Olsen and S. Anderson of the AGS. The AGS study confirmed the Anomalous Radon and Uranium in water values first located during the original International Ranger and North American Gem exploration programs.
AGS sample number 06USA017 collected from a location not previously sampled, returned values of 160 ppb Uranium, 420 ppb Molybdenum and 140 ppb Arsenic. These sample values are approximately 4 times higher than any previous water samples taken on the property and are located up “flow direction” of a strongly reducing zone of anomalous mineralization and radioactivity defined late in the 2006 drill program.
Sandstone hosted Uranium mineralization typically is localized at the boundary between oxidation and reducing conditions, these zones typically contain high levels of heavy metals in addition to Uranium. The Whiskey Gap property is underlain by a series of fluvial sandstones of Cretaceous age, thought to be analogous to sandstones in parts of Wyoming that host significant Roll front Uranium deposits.
On December 29, 2007 Geo Minerals announced that it had entered into an Option agreement on North American Gem Inc.’s Whiskey Gap Project. Geo can earn up to a 50% interest in North America Gem’s potential interest (North American Gem Inc. can earn up to an 80% interest in the Whiskey Gap Project) should the project reach feasibility. This arrangement would therefore have Geo Minerals Ltd. And North American Gem Inc. with an equal 40% earn in on the Whiskey Gap project with International Ranger Corp. (OTC pink sheets: IRNG) holding the remaining 20% of the project’s interest.
The project is under the direction of Glenn.S. Hartley P. Geol. in accordance with the regulations of National Instrument 43-101.
GEO MINERALS LTD.
"Michael England"
President
Contact:
Michael England, President
1220 – 789 West Pender Street
Vancouver, BC V6C 1H2
Company Phone Number: 604-683-3995
Company Fax Number: 604-683-3988
mike@geominerals.ca
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