Ontario Properties

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. 

Mountjoy

Mountjoy Property (3 claims, 1 patent claim)

The property is located north of the Destor Porcupine Fault (“DPF”) and is underlain by a thick sequence of komatiitic volcanic rocks in an area of extensive quartz-feldspar porphyry intrusions. The volcanics are pervasively carbonatized and host green carbonate and significant pyrite, arsenopyrite, and tourmaline. The best zone of mineralization has undergone only limited peripheral drilling by various third party companies.

Previously, Comaplex Minerals Corp. completed channel sampling of the northernmost outcrops on the property in 2008 and 2009. While gold values were low, quartz veins hosting abundant coarse ankerite, fuchsite, and pyrite were encountered. Geomark has a 100 percent interest in the property and is looking to test the main zone of mineralization and defined induced polarization chargeability anomalies.

German

German Property (1 claim, 9 leases, 2 patent claims)

The German property occurs on the eastern extension of the Timmins camp just north of the DPF (which actually strikes through the south end of the township). The property hosts a three km wide, east trending suite of ankeritized and sericitized volcanics, up to 400 m thick, bounded to the north and south by turbiditic sediments. Minor drilling along the southern sediment-volcanic contact returned anomalous gold values.

Airborne and ground geophysics suggests that a northeast trending splay off of the DPF traverses the eastern part of the property offsetting the volcanic and graphitic argillite units. A large magnetic low overlies this offset and remains to be drill tested. Geomark has a 90 percent interest in the German property.

In early 2005, the German property was optioned to a junior company who drilled three holes totaling 2,052 m. Interesting alteration was noted; however, no significant values were intersected. Geophysical surveying of the property was completed in 2007 and an additional 2 drillholes were completed in 2008. No assays of note were returned and the option was dropped in October 2008.

In the summer of 2009, Comaplex consultants re-logged the Laurion core and reviewed the results to date. Further evaluation of the property is required by Geomark.

Thornloe

Thornloe Property (21 claims)

The Thornloe property is situated within an area of steeply dipping, north facing sedimentary rocks and lesser komatiitic and tholeiitic volcanic rocks, immediately north of the DPF. Exploration in 2004 on the property by Placer Dome Inc. (through an option agreement), tested an area in the north part of the property, and delineated two zones of significant fuchsite alteration and limited quartz veining and no gold assays of note. Near the south boundary of the property, and immediately north of the DPF, extensive green carbonate altered ultramafics and associated sediments host a number of quartz veins containing sporadic gold mineralization.

A 2004 drill hole into this area returned silicified volcanics with 1 percent pyrite and no significant gold values. The target of exploration on the Thornloe property is the eastern extension of the favorable green carbonate bearing horizon onto the claims.

The Thornloe property is strategically located proximal to the DPF, as are all known deposits in the area. Geomark has a 100 percent interest in the property.

NW Deloro

Northwest Deloro Property(1 lease, 7 patent claims)

The Northwest Deloro property is situated directly adjacent (300 m north) of the DPF which hosts many of the large gold mines in the area. The north half of the property hosts iron and magnesium rich tholeiite basalts, with lesser felsic to intermediate breccias in the northwest corner of the property. The south half of the property is dominated by steeply dipping ultramafic and basaltic rocks of komatiitic affinity. The DPF lies 300 m south of the main claim group. Geomark has a 100 percent interest in the property.

Carr-Wilkie

Carr - Wilkie Property (2 leases)

The Carr-Wilkie property straddles the contact between variably carbonatized basalts and turbiditic sediments. A major east-west fault, the Pipestone Fault, traverses the property proximal to the contact. Historical exploration on the claims recovered east trending, high grade gold bearing quartz veins (Carlo showing) of very limited strike extent.

Exploration has consisted of surface geophysics and follow-up diamond drilling (11 holes) of the Carlo showing quartz veins in the late 1980s. Many of the claims in the Wilkie township have never been covered by a ground geophysical survey and a number of remaining drill targets are as yet untested.

In 2009, a limited compilation of all existing data was undertaken by Comaplex Mineral Corp. consultants. Considering the gold showings along the regional extent of the Pipestone Fault, additional exploration is warranted on the property.

Geomark has a 90 percent interest in the Carr-Wilkie property.

Whitney

Whitney Tisdale (2 leases)

The property is underlain by southeast trending tholeiitic basalts that correlate with those hosting the nearby Bonetal and Beaumont mines. The proximity of these deposits and the recognition of the same stratigraphy on the claims suggest additional work is warranted. Geomark has a 100 percent interest in this property.

Nighthawk

Nighthawk Lake (1 lease)

Stratigraphically, the Nighthawk property is interpreted to be located largely over lower Tisdale Group tholeiitic and komatiitic volcanics. The claims are, however, situated on the waters of Nighthawk Lake and have yet to be drilled.

Geomark has a 100 percent interest in the claim block.

Wark

Wark - Prosser Property (5 leases)

The property is located 6 km east of the Kidd Creek base metal deposit and straddles a northeast trending volcanicsedimentary contact. The presence of komatiitic volcanics as part of the stratigraphic package on the claim group suggests a possible correlation with the komatiites at the Kidd Creek Mine. Follow-up litho-geochemistry of the basalt-felsic volcanic sequence is warranted to determine if the key components of the Kidd Creek Mine stratigraphy are present on the property. Positive results would warrant the drilling of untested targets on the property.

Geomark has a 100 percent interest in the property.