GeoNovus Completes Gravity Survey in Anticipation of Drilling at Red Hills,
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/25/13 -- GEONOVUS
MINERALS CORP. (TSX VENTURE:GNM) ("GeoNovus" or the "Company") is
pleased to announce the completion of a gravity survey at the Red
Hills porphyry copper project in south central Arizona. The Company
(through operator Bronco Creek Exploration, Inc.) engaged Zonge
International, Inc. (Tucson, Arizona) to collect gravity data to
better define the subsurface structure and depth to mineralization at
In late 2012, drilling confirmed the presence of a fault-displaced
portion of a porphyry system under sedimentary cover with an average
of 0.18% Cu intercepted over 104.2 meters, including two separate
intercepts of 0.39% Cu over 9.75 meters and 0.42% Cu over 11.8
meters, respectively (see news release, September 15th, 2012). The
results suggested that additional areas on the western portion of the
property should be targeted for drilling, and the gravity survey was
designed to better define those areas.
Roughly 20 line-km of gravity data were collected along two east-west
lines that parallel a historical 10-kilometer gravity line that
passes through the property. With the gravity data collection phase
complete, the results including the historical data will be
interpreted over the next several days. Permitting for new drill
sites is also nearing completion and drilling of a selection of those
sites is expected to commence in Q1 of 2013.
The technical contents of this release were reviewed by Dr. Tom E.
McCandless, P. Geo., Technical Advisor to GeoNovus Minerals and
qualified person as defined by National Instrument 43-101.
GeoNovus has an option agreement with Inmet Mining Corp. to explore
the Red Hills porphyry copper project, with GeoNovus holding its
interest under a mining lease agreement with Eurasian Minerals Inc.
through its wholly-owned subsidiary Bronco Creek Exploration, Inc.
('Bronco Creek'). Eurasian Minerals (through Bronco Creek) has acted
as manager for the work programs at Red Hills.
GeoNovus Minerals Corporation (TSX VENTURE:GNM) is a junior
exploration company actively seeking mineral and energy development
opportunities for the benefit of all our stakeholders, with three
tive porphyry copper exploration projects in Arizona.
Eurasian Minerals Inc.(TSX VENTURE:EMX)(NYSE MKT:EMXX) is a global
gold and copper exploration company utilizing a partnership business
model to explore the world's most promising and underexplored mineral
belts. EMX generates wealth via grassroots prospect generation,
strategic acquisition, and royalty growth.
Inmet Mining Corporation (TSX:IMN) is a Canadian-based global mining
company that produces copper, and zinc, with operations in Turkey,
Finland, and Spain.
ON BEHALF OF THE BOARD
Michael England, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
GeoNovus Minerals Corp.
1-604-683-3995 or Toll Free: 1-888-945-4770
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