Geoinformatics Announces Board Change
August 27 2007 - 3:37PM
Marketwired Canada
Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the
"Company") today announced that Mr. Chris Falck has stepped down from the
Company's Board of Directors effective immediately. Mr. Falck has been a
director and member of the audit committee since November 2005 and is stepping
down due to other business commitments.
The Board of Directors and management would like to thank Mr. Falck for his
invaluable insight and support as the Company transitioned over the past
eighteen months to a more traditional minerals exploration company. As a member
of the audit committee, Mr. Falck provided sage advice, direction and support to
management and ensured strong corporate governance policies and practices were
developed and implemented.
About Geoinformatics
Geoinformatics is a global exploration company which has developed a unique and
innovative approach to minerals exploration.
Geoinformatics is exploring the Whistler Project ("Whistler") in the prospective
Alaskan Range, which includes an advanced-stage gold-copper porphyry discovery
and an associated multi-target exploration program. Whistler encompasses a 440
sq. km. land package and includes an ore zone defined by drilling with an
intersection of 220 metres grading 1.49 g/t gold and 0.33% copper, as well as
several high potential copper and gold targets.
The Company has entered into a Master Strategic Alliance Agreement (the
"Alliance Agreement") with Kennecott under which it is using its proprietary
scientific and technology platform (the "Geoinformatics Process") to identify
and prioritize 30 or more exploration drill targets over the initial two years
of the Alliance Agreement. Whistler has been conditionally offered to
Geoinformatics as a target-of-merit under the Alliance Agreement, and Kennecott
retains certain royalty and/or back-in rights on all Alliance projects.
In addition, Geoinformatics is actively exploring several significant properties
located in British Columbia, the Battle Mountain Trend region of Nevada, and the
State of Sinaloa, Mexico, and has a joint venture with Azure Minerals Limited in
the State of Sonora, Mexico. The Company also has an extensive portfolio of
other direct and indirect property interests, joint ventures, and royalties
covering a wide range of minerals in Mexico, Australia and New Zealand and North
America.
The Geoinformatics Process integrates large-scale data aggregation, data mining
and three-dimensional modeling, and has been designed to assist in understanding
and quantifying risk at a much earlier stage of the exploration cycle than has
traditionally been available. The Company's objective is to advance its
properties to the stage of commercial development by applying faster, less
expensive and more reliable analytical methods to resource exploration.
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