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GEO MINERALS AND ALIX RESOURCES ANNOUNCE COAL INTERSECTIONS AT WAPAWEKKA LAKE PROJECT, SASKATCHEWAN
4/30/2009 8:00:06 AM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Apr 30, 2009 (Marketwire via COMTEX News Network) --
GEO MINERALS LTD. (TSX VENTURE:GM) and ALIX RESOURCES CORP. (TSX VENTURE:AIX)(FRANKFURT:37N) (The "Companies") announce coal intersections of up to 16 metres (52.5 feet) and 7.5 metres (24.6 feet) as a result of a three (3) diamond drill hole program at the Wapawekka Lake Coal Project in central Saskatchewan. The initial drill results from the Companies' Wapawekka Lake Coal Project have resulted in the identification of coal intersections in two (2) distinct drill holes collared approximately two (2) kilometres from each other.
The Companies completed three (3) diamond drill holes totaling approximately 365 metres (1,197 feet). These drill holes targeted the near surface, within 150 metres (490 feet) depth, expression of the target Cretaceous Manville Formation on the Wapawekka Lake Coal Project. Two (2) out of the three (3) drill holes (WL-09-02 and RD-09-03; located approximately two (2) kilometres apart) encountered coal bearing units at depths of approximately 95 metres (312 feet) and 98 metres (321 feet), respectively. Drill hole WL-09-01 was abandoned above the target depth due to mechanical drilling problems. Core recovery issues preclude precise coal thicknesses, however the Companies' geologists estimate the maximum possible thickness of the coal intersection in WL-09-02 would be approximately 16 metres (52.5 feet) which was intersected beginning at a depth of 93 metres (305 feet). In hole WL-09-03 two distinct coal intersections were noted, however the most well developed intersection is estimated to be approximately 7.5 metres (24.6 feet) thick beginning at approximately 98 metres (321 feet) depth.
In drill hole WL-09-02, the coal interval from 94.8 - 111.0 metres (312 - 365 feet) returned approximately 40% core recovery and several thin (less than 1 metre) sand/siltstone interbeds noted within the section. The coal interval within drill hole WL-09-03 (98.8 to 106.3 metres; 324 - 348 feet) returned approximately 40% core recovery and also contained several thin (less than 1 metre) sand/siltstone intervals within the section. The Companies collected samples of the encountered coal from the Wapawekka Lake Coal Project and are preparing these samples to be sent for analysis and coal for rank determination. These results will directly guide Phase II exploration on the Property.
The three (3) drill holes completed on the Wapawekka Lake Coal Property in April 2009 were collared at the most northerly accessible areas within the Companies' 21,200 hectares (52,385 acres) of Coal Prospecting Permit land position near La Ronge, Saskatchewan. Total acreage of the Companies' coal properties now held in Saskatchewan and Manitoba total approximately 1.9 million acres (767 hectares). The Wapawekka Lake Coal Property is located immediately adjacent to Goldsource Mines Inc.'s ("Goldsource") Ballantyne Coal Property; on what Goldsource refers to as their Durango Coal Trend. The Phase I, Wapawekka Lake exploration program was designed as a first phase exploration program to assess the Property's potential to host a coal deposit similar to Goldsource's Border Property and utilized existing roads only to access and drill the targets. The Companies consider this Phase I program a success in identifying the existence of coal on the Property, and after receiving coal rank analyses, plan to locate additional drill sites further north on Property, up dip from the Phase I coal intersections at potentially shallower depths. The Phase II drilling program will include down hole geophysical testing of the drill holes to more accurately assess any encountered coal zones.
Company geologists (as announced November 3rd, 2008) reported the discovery of a coal seam exposed in the walls of a nearby open pit area, approximately 200 to 300 metres south of the coal outcrop on the banks of Wapawekka Lake. The coal seam exposed in the pit area walls is interpreted to be the surface expression extension of the coal seam observed in the banks of Wapawekka Lake, which argues for coal seam continuity on the Property. The area south of Wapawekka Lake has been identified by Pearson in 1961, and reported by Pearson in "Silica Sand and Coal Occurrences on Wapawekka Lake" as being of Cretaceous age. Within this report Pearson 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." Prior to this report, Anglo American drilled an exploratory hole outside of the current Property boundaries in 1969, 18 miles due south of the Wapawekka Lake outcrops that intercepted 80 feet (24 metres) of coal at a depth of 627 feet (191 metres), reported in assessment report 73I0001. The current drilling program targeted the up-dip, shallower expression of these coal measures. GSC paper 89-4 written in 1989 by G.G. Smith indicates the coal was misidentified as Lignite in the Wapawekka pit, and that the coal is ranked as sub-bituminous C. The Company intends on verifying this assertion with appropriate coal analyses from the samples collected in the Phase I Wapawekka Lake Coal Program.
Geo Minerals director Paul D. Gray, P.Geo., and a Qualified Person as defined by NI 43-101 has reviewed and approved the information contained in this release.
For further information we invite you to visit us at www.alixresources.com and www.geominerals.ca.
Alix Resources and Geo Minerals are each junior exploration companies actively seeking mineral and energy opportunities for the benefit of all our stakeholders.
ON BEHALF OF THE BOARD
Michael England, President
SOURCE: Geo Minerals Ltd.
Alix Resources Corp. / Geo Minerals Ltd. Michael England President 1-604-683-3995 or Toll Free: 1-888-945-4770 1-604-683-3988 (FAX) www.alixresources.com / www.geominerals.ca
Copyright (C) 2009 Marketwire. All rights reserved.

[Kafka2000]

Falscher Thread! Geodex Minerals ist nicht Geo Minerals.

[donnerpower]

Antwort auf Beitrag Nr.: 37.078.865 von Kafka2000 am 01.05.09 12:31:02

habe ich auch gerade gesehen...werde ihn gleich verschieben lassen