743 HORIZON COURT, SUITE 300A
GRAND JUNCTION
Colorado
USA,
81506
Phone: +1 970 256-9681
Fax: +1 970 256-9241
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Company SummaryGeovic Mining Corp is engaged primarily in the exploration and development of cobalt properties in Cameroon. Company NewsFriday, October 16, 2009 Geovic Mining Corp. announce that estimated resources at its Nkamouna cobalt-nickel-manganese project in Cameroon, Africa have significantly increased following an extensive 2008 drilling program, encompassing 2,045 holes totaling 54,900 meters. Measured and Indicated resources increased 97% to 120.6 million tonnes, grading 0.23% cobalt, 0.65% nickel, and 1.34% manganese. Inferred resources increased 25% to 202.5 million tonnes, grading 0.20% cobalt, 0.59% nickel, and 1.20% manganese. The January 2008 estimate of Nkamouna’s Proven and Probable reserves, at 54.7 million tonnes grading 0.25% cobalt, 0.69% nickel, and 1.33% manganese, was projected to support a 19-year mine life. The approximate doubling in Measured and Indicated resources suggests the potential to double this period.
Map Legend: Producer Past Producer  Development  Exploration
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