Another staked claim in BTR areaGEO MINERALS ACQUIRES OPTION FOR WINDFALL PROPERTY IN QUEBEC ALONG SOUTHWEST TREND OF BONTERRA RESOURCES
November 15, 2010, VANCOUVER, B.C. – GEO MINERALS LTD. (GM-TSX:V; 8G3 – FRANKFURT) (“Geo” or the “Company”) is pleased to announce it has acquired an option with Solitaire Minerals Corp (SLT-TSX:V) to earn 60% of the Windfall property located in northwestern Quebec, Canada to the southeast of BonTerra Resources Inc.'s (BTR-TSX:V) Eastern Extension property. BonTerra is in the midst of a successful drilling program with many notable gold intercepts over significant intervals. To view BonTerra's most recent announcements, visit BonTerra's website.
This option includes Solitaire’s most recently staked ground announced November 12th 2010 making the complete land package approximately 2,200 acres along the southwest trend of Eagle Hill Exploration Corp.'s Windfall Lake project and BonTerra Resources Inc.'s Eastern Extension property in northwestern Quebec, Canada. The Windfall Lake property hosts high-grade gold veins and has potential for wide mineralized zones of gold mineralization which has underground and near-surface bulk mining potential.
Cumulative terms of the deal include Geo paying $120,000 cash, issuing 1,250,000 million shares and causing expenditures of $1,750,000 over a 3 year period.
This agreement is subject to TSX Venture approval.
Geo Minerals is a junior exploration company actively seeking mineral opportunities in North America for the benefit of all its stakeholders. For further information we invite you to visit us at www.geominerals.ca.
ON BEHALF OF THE BOARD