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Located in Zapallar mining district of northern Chile, Geocom staked and owns 100% of the Santa Rosa property, which was previously held by Lac Minerals. Numerous small mines and prospects cover the project, including large zones of mineralized and silicified breccias. Copper and gold are anomalous in multiple target zones, which the company is presently developing to drill stage. Rock chip sample results range up to 3.12ppm gold, 45.4ppm silver, 7700ppm copper, and significant lead and zinc.
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Located also in the Zapallar district, the Marcelita property was staked by the Company to cover an area of intensely altered volcanic rocks in a complex geologic setting involving multiple mineralizing events. Copper and gold are contained in hydrothermal breccias, quartz-tourmaline breccias, and other settings potentially indicative of a high-level porphyry copper deposit. Gold values in samples range up to 1.97ppm and copper grades up to 4.2%. The Company plans to finish mapping and sampling, followed by a drill program in late 2004.
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