GeoNovus Begins Drilling on Middle Mountain and Plans Follow-Up Drilling at Red Hills, Arizona

By
A A A

GeoNovus Minerals Corp. (GNM.V) has begun drilling at its Middle Mountain porphyry copper property in south central Arizona. The drilling will focus on several anomalies at depths of 100-400 meters that were generated from an induced polarization ( IP ) survey conducted in late 2011.

Follow-up drilling is also planned at its Red Hills porphyry copper project, where recently-completed drilling confirmed the presence of a fault-displaced portion of a porphyry system under sedimentary cover.

Middle Mountain is under an option agreement with Inmet Mining Corp. (INM.TO), with GeoNovus holding its interest under a mining lease agreement with Eurasian Minerals Inc. (EMX.V)) through its wholly-owned subsidiary Bronco Creek Exploration Inc. Eurasian Minerals Inc. is acting as operator for the 2012 work programs at Middle Mountain and Red Hills.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: IP

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Voya – Babies Retirement
Voya – Babies Retirement            

Stocks

Referenced

80%

Most Active by Volume

79,812,121
  • $12.11 ▼ 5.61%
68,370,163
  • $104.83 ▲ 1.79%
65,036,978
  • $16.60 ▲ 1.22%
64,087,181
  • $8.40 ▲ 5.93%
54,443,769
  • $33.66 ▼ 2.43%
44,944,529
  • $97.82 ▲ 1.50%
40,119,778
  • $45.02 ▲ 1.44%
34,306,104
  • $80.04 ▲ 2.13%
As of 10/23/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com