Metals and Mining
Company Overview of Geomark Exploration Ltd.
Geomark Exploration Ltd. engages in the acquisition, exploration, and development of mineral exploration properties in Canada. It explores for precious and base metals, including gold and nickel. The company focuses on the development of its mining assets located in Ontario, the Northwest Territories, and Nunavut, as well as in Utah. It also engages in the production and sale of oil and natural gas properties located in the western Canadian Sedimentary Basin, primarily in the southwest Alberta. Geomark Exploration Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada. As of October 19, 2012, Geomark Exploration Ltd. operates as a subsidiary of Pine Cliff Energy Ltd.
1015-4th Street SW
Calgary, AB T2R 1J4
Founded in 2010
Key Executives for Geomark Exploration Ltd.
Chief Financial Officer and Corporate Secretary
Manager of Investor Relations
Compensation as of Fiscal Year 2013.
Geomark Exploration Ltd. Key Developments
Geomark Exploration Ltd. Announces Results from the Initial Drilling Program on the Kings Canyon Project in Utah
Sep 26 12
Geomark Exploration Ltd. announced the results from the initial phase of drilling on its Kings Canyon gold property in the southwest corner of Utah. Drilling was completed on both the portion of the property on which it has an option to acquire a 100% interest for $1 million (which includes the historical (non-43-101 compliant) gold mineral resource in the Crown Zone) and on the 100% Geomark owned land surrounding the Crown Option Claims (which includes the Royal Zone). A total of 17 Reverse Circulation (RC) drillholes totaling 2292 meters were completed in a five week program that commenced in early August. Some of the better assays included 1.1 g/t gold over 33.5 meters (including 1.4 g/t gold over 21.3 meters) in hole KC12-17 in the Royal Zone East; 0.9 g/t gold over 6.1 meters in hole KC12-5 in the Crown Zone South; and 1.1 g/t gold over 15.2 meters in hole KC12-6, also in the Crown Zone South. Hole KC12-17 ended in gold mineralization at 88.39 meters. The goal of the current and upcoming drill programs on the property is to develop a critical mass of near surface, low grade gold mineralization of sufficient size to justify a low cost, heap leach gold mining operation. The property has not been systematically drilled and several zones of gold mineralization, outside of the existing resource, have been identified on the claim block. Drilling will continue in the fourth quarter. The reader is cautioned that the above referenced "Historical Mineral Resource" is considered historical in nature and is based on prior data and reports (Crown Resources 10-K Report December 2002) prepared by previous property owners prior to the existence of National Instrument 43-101. Geomark is not treating the historical resource estimate as a current mineral resource or reserve. The historical estimate should not be relied upon and there can be no assurance that any of the historical resources, in whole or in part, will ever become economically viable. Geomark will determine what future steps will be required to upgrade the historical resource estimate to an NI43-101 compliant mineral resource. Drill core analysis is performed on a 500 gram split of the original RC sample. The sample is pulverized to 85% passing less than 75 microns, followed by a standard analysis involving a 30 gram fire assay with an AA finish. QA/QC programs employ the insertion of external standards, blanks, and sample duplicates approximately every 20 samples. All assaying is completed by ALS Minerals in Reno, Nevada. ALS completes its own internal QA/QC by inserting 2 standards, 3 duplicates, and 1 blank, in every batch of approximately 84 analyses. QA/QC compliance is rigorously checked on a continuous basis during the exploration program.
Geomark Exploration Ltd. Announces Resignation of Mark Balog as President and Chief Operating Officer
Sep 20 12
Geomark Exploration Ltd. announced that Mark Balog, the current President and Chief Operating Officer of Geomark, has given notice that he will be resigning on the earlier of the completion of the Arrangement or October 31, 2012. This timing allows for a reasonable period of time after completion of the Arrangement to allow for an orderly transition of responsibilities.
Geomark Exploration Ltd., Special/Extraordinary Shareholders Meeting, Oct 18, 2012
Sep 7 12
Geomark Exploration Ltd., Special/Extraordinary Shareholders Meeting, Oct 18, 2012., at 09:00 Mountain Standard Time. Location: Borden Ladner Gervais LLP. Agenda: To consider, pursuant to an interim order of the Court of Queen's Bench of Alberta dated September 19, 2012; and to transact such other business as may properly come before the Geomark Meeting or any adjournment thereof.
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