TORONTO, ONTARIO ("Geoinformatics" or the "Company") is pleased
to announce that it has received the assay results from the last
two holes of an initial five-hole program on the Los Laureles
Prospect ("Los Laureles") at its La Noria Project ("La Noria") in
the State of Sinaloa, Mexico. The latest drill intercepts, combined
with the first three drill holes announced on January 30, 2008,
indicate the discovery of a new poly-metallic breccia system at Los
Laureles. Los Laureles is located 10 km. from the Azulitas Prospect
("Azulitas") which hosts a recently-announced National Instrument
(NI) 43-101 poly-metallic (copper-silver-molybdenum-gold) Mineral
Resource. La Noria totals 149 square kilometres (sq. km.) of
contiguous claims.
Highlights
- Hole 5 intersected from surface:
-- 96 metres grading 0.07% molybdenum (0.12% MoS2), 0.26% copper
and 12.6 grams per tonne (g/t) silver,
which included a higher-grade zone of:
-- 35 metres grading 0.64% copper and 0.10% molybdenum (0.17%
MoS2).
Hole 5 was drilled perpendicular to the interpreted dip of the
main mineralized zone and the intersections are believed to
represent the approximate true width of the zone.
- The reported assay results extend the widespread
mineralization at Los Laureles to a drilled strike length of at
least 400 metres, widths up to approximately 100 metres and from
surface to depths of approximately 320 metres.
- The mineralized zone is open along strike and at depth with
the total breccia zone, mapped from geochemistry and surface
exposure, having a strike length of over 750 metres and surface
widths of up to 180 metres.
"We are extremely pleased with these latest drill results as
they extend the size and potential of the Los Laureles system
significantly" commented Dr. Nick Archibald, Chief Executive
Officer of Geoinformatics. "We are excited by the likelihood that
La Noria now hosts a number of nearby individual deposits which
have the potential to support a single integrated mining operation.
The Los Laureles discovery further validates our targeting process
and methodologies which are proving to be highly efficient in
successfully identifying high-quality exploration targets."
Los Laureles Prospect
Los Laureles was targeted on the basis of its geophysical
signature and coincident geochemical anomalism. Surface sampling
revealed extensive copper-silver-molybdenum soil anomalies
coincident with a mapped breccia zone hosted in granodiorite
rocks.
Mapping indicates that the breccia zone comes to surface along a
topographic ridge and its flanks and is oriented southeast to
northwest extending over an area 750 metres long by 180 metres wide
(Figure 1). The mineralized zone is interpreted to be wedge-shaped
in vertical cross-section (Figure 2), with mineralization being
largely bounded and controlled by a fault observed at surface on
the northeast flank of the ridge and dipping moderately to the
southwest. There is also some evidence of mineralization to the
northeast of the fault in the "footwall" (lower underlying) side
(Figure 2).
To view a copy of the "Figure 1. Los Laureles drill holes with
interpretative geology." map, please visit the link below:
http://media3.marketwire.com/docs/gxlmap1.pdf
Holes 1 and 2 were both drilled at the base of the southwest
flank of the ridge on azimuth 040 degrees (northeast) on a
270-metre spacing and intersected 8 to 12-metre zones of
mineralization at depth. Hole 3 was drilled from higher on the
ridge and was mineralized from surface grading 0.12% molybdenum
(0.20% MoS2); 0.14% copper, 0.08 g/t gold and 11.9 g/t silver over
107 metres until the hole was stopped due to a mechanical drill
problem (ending in mineralization). Encouragingly, Hole 3 also
included a higher-grade copper-gold-silver intercept of 8 metres of
0.84% copper, 0.27 g/t gold and 56.5 g/t silver (see previous
press-release dated January 30, 2008).
To view a copy of "Figure 2. Schematic cross-section A-A' (see
Figure 1) between Holes 2 and 5 with selected intercepts." map,
please visit the link below:
http://media3.marketwire.com/docs/gxlmap2.pdf
Hole 4 (DDLL_08_04) was drilled on azimuth 220 degrees
(southwest), but started within the footwall zone of the fault and
stayed largely within the fault zone. It did not intersect the main
part of the mineralized breccia, but did return several notable
intercepts including 51 metres grading 0.24% copper and 6.6 g/t
silver (see Tables 1 and 2).
Hole 5 was drilled on azimuth 050 degrees (northeast) and
approximately perpendicular to the dip of the breccia zone. It had
several long mineralized intersections from surface which
approximate the 'true-width' of the main mineralized zone including
96 metres grading 0.07% molybdenum (0.12% MoS2), 0.26% copper and
12.6 g/t silver, which included a higher-grade zone of 35 metres
grading 0.64% copper and 0.10% molybdenum (0.17% MoS2).
Full intercepts and accompanying laboratory information and
cut-offs, along with the drill hole details, are available in
Tables 1, 2 and 3 in the appendix.
La Noria Project
La Noria is located approximately 60 km. northeast of the port
of Mazatlan in the State of Sinaloa and 35 km. from a main
rail-line. The project, which is serviced with electric power,
consists of mineral claims and option agreements covering an area
of approximately 149 sq. km. in low-rolling hills intersected by
numerous roads and tracks that are accessible for most of the
year.
To view a copy of the "Figure 3. La Noria Project Area" map,
please visit the link below:
http://media3.marketwire.com/docs/gxlmap3.pdf
Geoinformatics' current objective at La Noria is to identify
sufficient resources that have the potential to support an
intergrated mining operation. Geoinformatics is awaiting assay
results on drill holes on the Amarillito and Mozulitas Prospects,
both near Azulitas approximately 10 km. west of Los Laureles.
In addition to Los Laureles, positive drill results from several
of the other prospects at La Noria include:
Azulitas: NI 43-101 compliant Inferred Resource (refer to
press-release of February 13, 2008) consisting of 5.63 million
tonnes grading 0.54% copper, 12.2 g/t silver, 0.08 g/t gold and
0.04% molybdenum (0.06% MoS2).
La Verde: Drill intersection of 76 metres grading 0.32% copper,
0.04 g/t gold and 7.2 g/t silver.
Amarillito: Drill intersection of 56 metres grading 0.27%
copper, 0.03 g/t gold and 9.65 g/t silver. Assays are pending on a
second hole).
Mozulitas: Drill intersection of 47 metres grading 0.12%
molybdenum (0.20% MoS2). Assays are pending on a second hole.
Qualified Person
The technical content of this release has been compiled by
Darren Holden, MAusIMM, Executive Vice President, Operations of
Geoinformatics. Mr. Holden is a Qualified Person as defined by NI
43-101.
Kennecott - Geoinformatics Alliance Agreement
La Noria falls under the Master Strategic Alliance Agreement
(the "Alliance Agreement") between Geoinformatics and Kennecott
Exploration Company. The Company entered into the Alliance
Agreement effective March 2006 under which it has been using its
proprietary geoscience and technology platform (the "Geoinformatics
Process") to successfully identify, prioritize and drill more than
30 exploration drill targets over the initial two years of the
Agreement. La Noria was acquired as a target-of-merit under the
Alliance Agreement, and Kennecott retains a back-in right to
acquire either a 51% or 60% interest in La Noria Project under
certain circumstances. Please refer to Geoinformatics'
press-release dated August 14, 2006, for further information.
About Geoinformatics
Geoinformatics is a global exploration company which has
developed a unique approach to minerals exploration applying
innovative and proprietary technology.
The Company recently announced an independent NI
43-101-compliant mineral resource estimate with an Indicated
Resource of 840,000 ounces of gold and an Inferred Resource of 2.7
million ounces on the initial discovery zone at the Whistler
Project in southern Alaska. The Indicated category contains 30
million tonnes grading 0.87 g/t gold, 2.46 g/t silver and 0.24%
copper and the Inferred category contains 155 million tonnes
grading 0.62 g/t gold, 2.15 g/t silver and 0.19% copper.
Significant copper and silver mineralization increases the
Indicated gold-equivalent mineral resource to 1.3 million ounces
and the Inferred mineral resource to 4.4 million ounces.
Geoinformatics is also actively exploring several advanced
projects located in Utah, the Cortez Trend region of Nevada, and
British Columbia. Fourteen Company-owned properties in the State of
Sonora, Mexico, fall under a joint venture in which Azure Minerals
Limited is earning a 51% interest by spending US$4 million.
Geoinformatics 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.
This news release includes certain forward-looking statements
concerning the future performance of Geoinformatics' business,
operations and financial performance and condition, as well as
management's objectives, strategies, beliefs and intentions.
Forward-looking statements are frequently identified by such words
as "may", "will", "plan", "expect", "anticipate", "estimate",
"intend" and similar words referring to future events and results.
Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices,
competitive risks and the availability of financing, as described
in more detail in our recent securities filings available at
www.sedar.com. Actual events or results may differ materially from
those projected in the forward looking-statements and
Geoinformatics cautions against placing undue reliance thereon.
Neither Geoinformatics nor its management assumes any obligation to
revise or update these forward-looking statements.
Appendix
Table 1. Los Laureles drill intercepts for Holes 4 and 5, based on
molybdenum cutoffs of 0.01% and 0.04%.
----------------------------------------------------------------------------
Hole From To Interval Molybdenum MoS2 Gold Silver Copper
(metres) (met- (metres) (%) (%) (g/t) (g/t) (%)
res)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DDLL_08_04 11.0 13.0 2.0 0.02 0.03 0.02 0.60 0.04
----------------------------------------------------------------------------
DDLL_08_04 39.0 107.0 68.0 0.02 0.03 0.03 4.43 0.15
----------------------------------------------------------------------------
DDLL_08_04 113.0 146.0 33.0 0.01 0.02 0.03 3.89 0.16
----------------------------------------------------------------------------
DDLL_08_04 156.0 169.0 13.0 0.01 0.02 0.06 14.35 0.40
----------------------------------------------------------------------------
DDLL_08_04 210.0 217.0 7.0 0.01 0.02 0.07 14.87 0.73
----------------------------------------------------------------------------
DDLL_08_04 225.0 241.0 16.0 0.05 0.08 0.02 9.06 0.25
----------------------------------------------------------------------------
including(i) 237.0 240.0 3.0 0.18 0.30 0.01 2.63 0.16
----------------------------------------------------------------------------
DDLL_08_04 253.0 255.0 2.0 0.02 0.03 0.02 2.40 0.13
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DDLL_08_05 0.0 96.0 96.0 0.07 0.12 0.05 12.56 0.26
----------------------------------------------------------------------------
including 5.0 65.0 60.0 0.10 0.17 0.06 18.27 0.32
----------------------------------------------------------------------------
DDLL_08_05 104.0 130.0 26.0 0.02 0.03 0.02 3.37 0.17
----------------------------------------------------------------------------
DDLL_08_05 142.0 185.0 43.0 0.02 0.03 0.02 1.20 0.04
----------------------------------------------------------------------------
DDLL_08_05 194.5 202.0 7.5 0.01 0.02 0.01 1.47 0.06
----------------------------------------------------------------------------
DDLL_08_05 217.0 229.0 12.0 0.02 0.03 0.00 0.78 0.02
----------------------------------------------------------------------------
including(i) 217.0 219.0 2.0 0.08 0.13 0.00 0.00 0.01
----------------------------------------------------------------------------
DDLL_08_05 247.0 250.0 3.0 0.02 0.03 0.00 0.70 0.01
----------------------------------------------------------------------------
DDLL_08_05 262.0 265.0 3.0 0.06 0.10 0.01 0.80 0.03
----------------------------------------------------------------------------
Note 1. MoS2 is NOT an assay field, but is calculated by multiplying
molybdenum % by 1.6681.
All intervals calculated using a minimum 2-metre width and 4-metre internal
dilution and based on a cutoff of 0.01% molybdenum except where indicated
with (i) where intercept is calculated with minimum 1-metre width and
4-metre internal dilution using a 0.04% molybdenum cut-off.
All assays based on half-sawn drill core; shipped to ALS Chemex in
Hermosillo, Mexico for preparation and then to ALS Chemex Laboratory in
Vancouver, Canada, for fire assay for gold (AAu2) and 4-acid digest ICP-AES
(MEICP-61). Assay standards, blanks and duplicates are inserted into the
sample stream to monitor laboratory performance.
Table 2. Los Laureles drill intercepts for Holes 4 and 5 based on copper
cutoffs of 0.1% and 0.5%.
----------------------------------------------------------------------------
Hole From To Interval Copper Molybdenum MoS2 Gold Silver
(metres) (met- (metres) (%) (%) (%) (g/t) (g/t)
res)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DDLL_08_04 15.0 17.0 2.0 0.11 NSI NSI 0.03 1.20
----------------------------------------------------------------------------
DDLL_08_04 23.0 25.0 2.0 0.12 NSI NSI 0.01 0.90
----------------------------------------------------------------------------
DDLL_08_04 39.0 76.0 37.0 0.22 0.03 0.05 0.05 6.12
----------------------------------------------------------------------------
DDLL_08_04 83.0 87.0 4.0 0.11 0.01 0.02 0.02 3.20
----------------------------------------------------------------------------
DDLL_08_04 99.0 105.0 6.0 0.12 0.01 0.02 0.02 3.17
----------------------------------------------------------------------------
DDLL_08_04 112.0 121.0 9.0 0.35 0.01 0.02 0.05 6.90
----------------------------------------------------------------------------
including(h) 112.0 119.0 7.0 0.42 0.01 0.02 0.06 8.30
----------------------------------------------------------------------------
DDLL_08_04 131.0 182.0 51.0 0.24 0.01 0.02 0.03 6.59
----------------------------------------------------------------------------
including(h) 166.0 169.0 3.0 0.93 0.01 0.02 0.14 30.43
----------------------------------------------------------------------------
DDLL_08_04 206.0 230.0 24.0 0.42 0.01 0.02 0.04 10.78
----------------------------------------------------------------------------
DDLL_08_04 236.0 240.0 4.0 0.30 0.14 0.23 0.01 11.83
----------------------------------------------------------------------------
DDLL_08_04 253.0 255.0 2.0 0.13 0.02 0.03 0.02 2.40
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DDLL_08_05 34.0 74.0 40.0 0.58 0.09 0.15 0.06 8.01
----------------------------------------------------------------------------
including(h) 38.0 73.0 35.0 0.64 0.10 0.17 0.06 8.18
----------------------------------------------------------------------------
DDLL_08_05 82.0 84.0 2.0 0.14 0.01 0.02 0.02 1.30
----------------------------------------------------------------------------
DDLL_08_05 95.0 137.0 42.0 0.14 0.01 0.02 0.03 3.03
----------------------------------------------------------------------------
DDLL_08_05 179.0 185.0 6.0 0.08 0.01 0.02 0.03 2.15
----------------------------------------------------------------------------
Note 1. MoS2 is NOT an assay field, but is calculated by multiplying
molybdenum % by 1.6681.
NSI equals No Significant Intersection.
All intervals calculated using a minimum 2-metre width and 4-metre internal
dilution and based on a cutoff of 0.1% copper except where indicated with
(h) where intercept is calculated with minimum 1-metre width and 4-metre
internal dilution using a 0.5% copper cutoff.
All assays based on half-sawn drill core; shipped to ALS Chemex in
Hermosillo, Mexico for preparation and then to ALS Chemex Laboratory in
Vancouver, Canada, for fire assay for gold (AAu2) and 4-acid digest
ICP-AES (MEICP-61). Assay standards, blanks and duplicates are inserted
into the sample stream to monitor laboratory performance.
Table 3. Drill hole details.
------------------------------------------------------------------
Hole East North Elevation Depth Dip Azimuth
------------------------------------------------------------------
DDLL_07_01 391827 2608782 366.0 289.9 -50 40
------------------------------------------------------------------
DDLL_07_02 391574 2608867 335.0 285.9 -50 40
------------------------------------------------------------------
DDLL_07_03 391699 2609306 436.8 109.3 -50 220
------------------------------------------------------------------
DDLL_08_04 391955 2609112 439.8 289.8 -45 220
------------------------------------------------------------------
DDLL_08_05 391657 2609100 420.0 302.3 -45 50
------------------------------------------------------------------
(All coordinates in NAD27 UTM 13).
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Geoinformatics Exploration Inc. Dr. Nick Archibald
Executive Vice-Chairman and CEO (416) 861-1300 x224 Email:
nicka@geoinformex.com Geoinformatics Exploration Inc. Mr. Darren
Holden Executive Vice President, Operations (604) 605-3073 x101
Email: darrenh@geoinformex.com Geoinformatics Exploration Inc.
(Toronto) 330 Bay Street, Suite 1109 Toronto, Ontario M5H 2S8
Website: www.geoinformex.com Geoinformatics Exploration Inc.
(Vancouver) 700 West Pender Street, Suite 304 Vancouver, British
Columbia V6C 1G8
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