Geomark is currently focused on the development of its mining assets located in the Timmins area in the province of Ontario. Geomark has recently completed the consolidation of all eight of the Timmins area gold properties and now holds interests ranging from 90 to 100 percent. Two of the properties are located in the currently active West Timmins area near the Lake Shore gold properties and several others are on strike with multi-million ounce historic gold producers.
Planning is currently underway for geophysical surveys (Quantec 24) on several of the Timmins area assets. Geophysical field work was completed on one property in the fourth quarter of 2010. Surveying of additional properties will continue early in the New Year. Depending on geophysical results, Geomark may commence diamond drilling on one or more of the Timmins area properties in the first half of 2011.
Geomark's business strategy also includes the acquisition of interests in Third Party precious metal properties of merit through option or joint ventures. The Company is actively assessing a number of potential opportunities at this time.
