Geo Applies for Coal Permits in East-Central Saskatchewan
GEO MINERALS LTD. is pleased to announce that it has submitted coal permit applications in east-central Saskatchewan encompassing approximately 91,054 acres in proximity to the recent Goldsource Mines Inc. discovery.
The recent coal discovery by Goldsource of bituminous coal in two drill holes 1,600 metres apart suggests the potential for a much larger coal system. Goldsource believes the coal it encountered is from the Mannville/Swan River group of Creataceous age (see Goldsource’s news release in Stockwatch dated May 5, 2008). Coal structures of the Creataceous age are generally very large and can encompass several thousand square kilometres.
President Mike England states, “The recent discovery by Goldsource Mines leads us to believe that this could be the beginning of a new, major coal region in the mining friendly province of Saskatchewan. We view this development as potentially a significant development for Geo shareholders.”
The company will provide further information when it becomes available regarding these coal permits that have been forwarded to the government of Saskatchewan’s permitting office. The time frame will be determined by the permitting office. Geo Minerals has submitted funds in trust to the Saskatchewan permitting office.
For further information we invite you to visit us at www.geominerals.ca.
Geo Minerals is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all our stakeholders.
ON BEHALF OF THE BOARD
Michael England, President
Contact:
Michael England Geo Minerals Ltd. President (604) 683-3995 or Toll Free: 1-888-945-4770 (604) 683-3988 (FAX)
Website: www.geominerals.ca
Source: Geo Minerals Ltd.
