VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/30/11 -- Georgetown Capital Corp. (TSX VENTURE: GET) ("Georgetown") and Full Metal Minerals (TSX VENTURE: FMM) ("Full Metal") are pleased to announce the commencement of the 2011 field season at the Tanacross copper-gold-molybdenum porphyry project in eastern Alaska. The 2011 field program includes 1,000 metres of core drilling across four holes, regional geological surface mapping, and geological sampling.
Georgetown is currently earning a 60% interest from Full Metal in the 13,079 hectare Tanacross Project. The Property is comprised of multiple claim groups targeting copper-gold-molybdenum porphyry systems in east-central Alaska. During 2007 to 2009, Full Metal and BHP jointly explored these targets using airborne geophysics, ground-based IP surveys, soil sampling grids and geological mapping. Tanacross is located within a belt of Cretaceous-age porphyry systems spanning eastern Alaska and the Yukon, which includes the giant Casino Deposit in the Yukon, which hosts a recently announced reserve of 4.4 billion lbs. Cu, 7.5 million oz. Au and 494 million lbs. Mo. (Western Copper News Release, April 7, 2011).
The 2011 exploration program at Tanacross will be supervised by Robert McLeod, P.Geo., Vice-President Exploration of Full Metal Minerals, a Qualified Person as defined by NI 43-101. Drill cores will be cut in half using a diamond saw, with one half placed in sealed bags, and delivered to ALS-Chemex facilities in Fairbanks, Alaska. A sample quality control/quality assurance program utilizing standards and blanks, as well as third-party check laboratories are in place. Contents of this release were prepared by and approved for release by Mr. McLeod.
In addition to exploring the Tanacross Project, Georgetown management is currently reviewing numerous advanced stage exploration projects with the goal of creating value for Georgetown shareholders through the acquisition of high quality precious and base metal exploration and development projects.
On Behalf of the Board of Directors
Tony Ricci, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Georgetown Capital Corp.
CEO and Director