Geomark Exploration Ltd. is a junior company that explores for precious and base metals. The Company’s business strategy is to acquire early stage mineral exploration properties and develop them into economic situations (mines). The technical and management teams at Geomark (formerly with Comaplex Minerals Corp.) recently did this in July 2010 with the sale of the Meliadine gold property to Agnico-Eagle Mines Ltd. in a deal valued at over $700 million.
Geomark is currently focused on the investigation and development of its mining assets located in Ontario, the Northwest Territories and Nunavut. It is also actively searching for new exploration prospects through both grassroots staking and prospecting programs and through negotiated transaction with other mining companies. The Company conducts aggressive exploration programs that include geophysical surveying, geological mapping and diamond drilling.
Geomark’s exploration activities are funded from its present working capital, income from its investments and from revenues received from its oil and natural gas operations in the Western Canadian Sedimentary Basin, primarily in the Harmattan area of southwestern Alberta.
The Company’s focus is mineral exploration and it is presently cash flow positive with approximately $40 million in working capital (October, 2010).
The Company is headquartered in Calgary, Alberta and Geomark's common shares trade on the TSX Venture Exchange under the symbol GME.