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Junior Goldmark backs away from Iliamna deal

Despite setbacks in Alaska, Chile and changing markets, Goldmark vows to continue to seek investment, exploration opportunities


Last updated 5/25/2008 at Noon

Goldmark Minerals Ltd. of Calgary, Alberta has opted not to pursue an acquisition agreement with Geocom Resources Inc. to acquire all of Geocom's interest in the Iliamna property in Alaska, and 49 percent of Geocom's complete ownership of the Santa Rosa and Marcelita properties in Central Chile.

The transaction was subject to a review of the properties, and earlier this year after completing t...

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