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Geneva Resources Receives First Assay Results From Copper/Zinc Exploration Project in Plateau State, Nigeria
RENO, Nev., May 25 /PRNewswire-FirstCall/ -- Geneva Resources, Inc.
("the Company") (OTC Bulletin Board: GVRS) President, Marcus Johnson
reports the following on lease areas defined as Lease 1511 and Lease 1513
in Gimbi, Mavo and Jawando in the Wase Local Government Plateau State of
Nigeria:
David Urquhart, a Calgary-based engineer who is carrying out the due
diligence work on the Allied Minerals property for Geneva Resources,
inspected the lease known as 1511, and took numerous samples. Two
representative samples from two different areas on the property were sent
to Lagos, Nigeria for independent assay. The results are as follows:
Sample #1
60.29% zinc
.27% lead
.005% copper
Sample #1 was taken from a portion of the property that exhibited
consistent veins of zinc ore.
Sample #2
31.27% copper
8.97% lead
2.28% zinc
Sample #2 was taken from an area that had been trenched and worked in
the past.
It is currently the rainy season in Nigeria, making some roads
impassable, As a result, the company's other area of exploration, lease
1513, has not yet been investigated.
As soon as conditions allow, the west side of 1513 will be core drilled
in order to sample and prove out the Mavo workings where prior production
was obtained.
Geneva Resources, Inc. has entered a Letter Of Intent with Allied
Minerals of Lagos, Nigeria, to acquire a majority interest in two large
mineral exploration properties owned by Allied Minerals. Geneva Resources
Inc. will acquire an initial 65% interest in two large leases identified as
Lease 1511 and Lease 1513 that cover approximately 653 square kilometers in
the region commonly acknowledged to contain the highest concentration of
commercially viable minerals in Nigeria.
Geneva Resources, Inc. is a mineral exploration company participating
in known mineral producing regions. The Company is focused on the
exploration and advancement of well-defined gold, copper and mineral
prospects. Geneva Resources' current exploration initiatives include
Central Peru; Nigeria, Africa; Saskatchewan, Canada and Panama.
For further information see: http://www.genevaresourcesinc.com
Symbol: OTCBB - GVRS; Frankfurt/Berlin Symbol - R3M, WKN No.: A0MMCN;
ISIN: US3722371073
Contact North America: Investor Relations
Tel.: 866-418-6011
Contact Europe: Investor Relations
Tel.: +49-69-7593-8437
SAFE HARBOR STATEMENT
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM
IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF
1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY
HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS
REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS
DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE
SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS
TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS
EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL
FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT
INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR
"EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND
UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS
ASSOCIATED WITH PROPERTY DEVELOPMENT AND FUNDING AS WELL AS THE RISKS SHOWN
IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM
10-QSB AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION
REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE
REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL
REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS
EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE
COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY
ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF
THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO
UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL
RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS,
EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE,
THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS
WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION
SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE
COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO
TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF THE NASD, THE SEC AND
THE OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS
RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE
SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE
WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE
SECURITIES LAWS OF ANY SUCH JURISDICTION.
SOURCE Geneva Resources, Inc.













