Geoinformatics Exploration Inc.
TSX VENTURE : GXL

Geoinformatics Exploration Inc.

June 07, 2007 12:51 ET

Geoinformatics Enters into Agreement to Acquire a Gold-Copper Porphyry Project in Alaska

TORONTO, ONTARIO--(Marketwire - June 7, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES PERSONS

Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce that it has been offered a gold-copper porphyry project (the "Whistler Project") for exploration in Alaska by Kennecott Exploration Company ("Kennecott"), a subsidiary of Rio Tinto, plc., one of the world's largest mining companies. The Whistler Project encompasses a porphyry discovery made in 2004 which includes drill intercepts of:

- 219 metres grading 1.49 grams per tonne (g/t) gold and 0.33% copper, and

- 290 metres grading 1.15 g/t gold and 0.23% copper.

The Whistler Project also holds a number of additional identified and potential exploration targets covering an area of approximately 440.5 sq. km.

Highlights:

- Geoinformatics has received a formal conditional offer from Kennecott (the "Offer Agreement") under which a 100% interest in the Whistler Project would be conveyed to Geoinformatics as a "target-of-merit" pursuant to the Master Strategic Alliance Agreement (the "Alliance Agreement") executed between the two companies in August 2006.

- The Whistler Project includes a partially-defined gold-copper porphyry system (the "Whistler Zone") which comes to surface with a mineralized envelope confirmed over an area of 760 metres by 230 metres and to a depth of 570 metres, and which is open to the north and at depth.

- Intersections from inclined drill holes across the Whistler Zone (see Table 1) include:



--------------------------------------------------------------------
290.3 metres 1.15 g/t gold 0.23% copper
--------------------------------------------------------------------
which includes the following intervals:
--------------------------------------------------------------------
46.0 metres 2.39 g/t gold 0.41% copper
--------------------------------------------------------------------
60.7 metres 1.46 g/t gold 0.28% copper
--------------------------------------------------------------------
50.0 metres 1.62 g/t gold 0.20% copper
--------------------------------------------------------------------

--------------------------------------------------------------------
219.4 metres 1.49 g/t gold 0.33% copper
--------------------------------------------------------------------
which includes the following interval:
--------------------------------------------------------------------
163.3 metres 1.85 g/t gold 0.41% copper
--------------------------------------------------------------------


- The Whistler Project will be transferred to Geoinformatics at no cost as a target-of-merit under the Alliance Agreement, but will be subject to separate provisions which will specify that expenditures made and targets drilled on the Whistler Project will not constitute expenditures or targets toward Geoinformatics' obligations under the Alliance Agreement as described below. Kennecott will retain its standard back-in right or a 2% net smelter royalty ("NSR"), subject to the terms of the Alliance Agreement.

- The Whistler Exploration Program in 2007 is expected to include the drilling of the Muddy Creek Prospect, an irregular L-shaped area approximately 3.2 km. by 2.5 km. (shown in Figure 5) which has been identified, in part, from 150 rock-chip samples with gold grades as high as 111 g/t and an average grade of 4.72 g/t.

- In addition to Muddy Creek, the Whistler Project includes a regional exploration portfolio covering 440.5 sq. km. of State of Alaska mining claims and transferable option agreements encompassing the Whistler Zone and 15 other identified targets.

- The transfer of a 100% interest in the Whistler Project to Geoinformatics is conditional upon:

- Final approval by Kennecott in its sole discretion of an exploration program for the Whistler Project for 2007 and 2008 (the "Whistler Exploration Program"), which is required to provide for minimum exploration expenditures over the period of US$5 million, of which a minimum of US$2.5 million is to be spent in 2007;

- Demonstration by Geoinformatics of the availability of funding in a manner acceptable to Kennecott in its sole discretion for the exploration to be completed under the Whistler Exploration Program; and

- Completion of formal documentation.

For further information, please see "Conditional Offer Agreement" below.

Whistler Project Summary and Geology

The Whistler Project is located 161 km. northwest of Anchorage, Alaska, and consists of 707 state mining claims owned by Kennecott and 25 state mining claims leased by Kennecott from an individual. The Whistler Project is being conveyed to Geoinformatics under the target-of-merit provisions of the Alliance Agreement.

To view Figure 1 please visit the following link:

http://www.ccnmatthews.com/docs/gxl0607a.pdf

Kevin L. Snook, Chairman of Geoinformatics commented, "We believe the Whistler Zone has excellent development potential along with the other exploration targets included in the land package".

Southwest Alaska is underlain by amalgamated oceanic and arc terrains and displaced elements of the North American continental margin that comprise primarily Paleozoic continental margin sedimentary rocks. The area has been an active continental margin since the Jurassic period, with intermittent pulses of magmatism having occurred to the present day. The bulk of this activity can be ascribed to subduction-related processes and has resulted in the formation of volcanic and plutonic complexes.

The geology of the Whistler area is an appropriate host sequence and porphyry setting consisting of flysch sediments, andesitic volcanic rocks and intrusive diorite to monzonite phase rocks. The geological complexity of the Whistler area is a function of multiple intrusive events with some post-mineralization faulting, but which is thought to be relatively minor. Gold and copper mineralization is largely associated with the Whistler Igneous Suite rocks, and, to a lesser extent, with younger composite intrusions.

Nick Archibald, Chief Executive Officer of Geoinformatics, stated, "The Whistler Zone represents a significant, advanced-stage exploration opportunity for Geoinformatics. The drilling by Kennecott to-date has defined a large envelope of mineralization which remains open in multiple directions. Combined with the large land-package and other identified prospects such as Muddy Creek, Geoinformatics has gained access, through our relationship with Kennecott, to a significant new discovery and a surrounding exploration portfolio in the prospective Alaskan Range porphyry province."

The Whistler Zone

The Whistler Zone was originally identified by Teck Cominco Limited which drilled 16 holes in the area in 1987 and 1988. However, the drilling by Teck Cominco was only to an average depth of approximately 100 metres, and has been largely superceded by the subsequent and deeper Kennecott drilling.

Kennecott conducted exploration on the Whistler Project and Whistler Zone over four field seasons (2003 to 2006) and completed 15 drill holes totaling 7,948 metres specifically on the Whistler Zone. Drilling on the Whistler Zone identified an altered diorite porphyry with gold and copper mineralization. A broad envelope of mineralization trends northwesterly extending approximately 760 metres along strike with an average width of 230 metres. Within this mineralized envelope, a higher grade zone extends for 350 metres along strike and 100 metres in average width with mineralization confirmed from surface to depths between 200 and 570 metres. The northern margin of the mineralized envelope has yet to be defined.

All holes drilled by Kennecott on the Whistler Zone intersected mineralization. Intercepts of note include:



- 290.3 metres grading 1.15 g/t gold and 0.23% copper (Hole 04-DD-WH-01)
including:
--------------------------------------------------------------
46.0 metres 2.39 g/t gold 0.41% copper
--------------------------------------------------------------
60.7 metres 1.46 g/t gold 0.28% copper
--------------------------------------------------------------
50.0 metres 1.62 g/t gold 0.20% copper
--------------------------------------------------------------

- 219.4 metres of 1.49 g/t gold and 0.33% copper (Hole 04-DD-WH-05)
including:
--------------------------------------------------------------
163.3 metres 1.85 g/t gold 0.41% copper
--------------------------------------------------------------

- 91.9 metres of 1.13 g/t gold and 0.23% copper (Hole 05-DD-WH-12).


To view Figure 2 please visit the following link:

http://www.ccnmatthews.com/docs/gxl0607b.pdf

To view Figure 3 please visit the following link:

http://www.ccnmatthews.com/docs/gxl0607c.pdf

The altered diorite body that hosts the Whistler Zone has been mapped by an aeromagnetic geophysical survey to be approximately 800 metres by 1,200 metres. Further information on the mineralized drill intercepts from the Whistler Zone is contained in Table 1 accompanying this press release.

Data from the Teck Cominco drill holes have been supplied to Geoinformatics, but without laboratory information. As the Teck Cominco drill holes represent only relatively shallow intersections and have been superseded by the Kennecott drilling, that information has not been included in this press release.

Other Regional Prospects

Approximately 15 other promising regional targets/prospects shown in Figure 4 have been identified through field reconnaissance work which included an airborne magnetic survey, surface geochemistry and induced polarization ("IP") geophysical surveys.

To view Figure 4 please visit the following link:

http://www.ccnmatthews.com/docs/gxl0607d.pdf

In general, these targets have similar geochemical, geophysical and geological characteristics to the Whistler Zone. A target is generally defined by Geoinformatics as a significant unexplored geochemical, geophysical or other geological anomaly that, due to its location and nature, is believed to have the potential to host an economic mineral deposit. In addition to the Whistler Igneous Suite, composite plutons, such as those located approximately 16 km. southwest of the Whistler Zone in the Muddy Creek region, have the potential to host gold-copper deposits similar to those in the Tintina area in the interior of Alaska.

The best results to-date from drilling on other regional prospects were obtained at the Rainmaker Prospect, located 2.5 km. east-southeast of the Whistler Zone. Kennecott drilled two holes (holes 06-DD-WH-RN-01 & 05-DD-WH-REC-08) on this prospect, the latter of which was drilled into a distinct circular magnetic high 150 metres in diameter, which intersected 184.3 metres of 0.44 g/t gold and 0.16% copper from 5.7 metres down-hole.

The other regional prospects outlined at the present time by Geoinformatics for follow up work are:

Canyon Mouth Prospect: This prospect is located 10 km. north-northwest of the Whistler Zone and is characterized by narrow veins outcropping on a sandstone ridge. These veins occur over a length of 970 metres and anomalous rock-chip samples have been taken in the area with grades as high as 14 g/t gold, 87 g/t silver and 1.1% copper. Information on the rock-chip samples is contained in Table 2 accompanying this press release. Airborne magnetic data indicates a buried intrusive body, modeled to within 200 metres of the surface over an area 2 km. by 400 metres. An IP survey indicates a chargeability anomaly of between 20 and 35 milliseconds interpreted to be a large body of disseminated sulphide mineralization. This prospect has not been drilled.

Muddy Creek Prospect: This prospect is located approximately 16 km. southwest of Whistler and is defined by an extensive surface geochemistry anomaly over an irregular L-shaped area approximately 3.0 by 2.2 km. shown in Figure 5 in which 150 rock-chip samples have average gold grades of 4.72 g/t with a peak value of 111.5 g/t. Information on the rock-chip samples is contained in Table 3 accompanying this press release. The Muddy Creek Prospect has not been drill tested.

To view Figure 5 please visit the following link:

http://www.ccnmatthews.com/docs/gxl0607e.pdf

Musher's Corner Prospect: This prospect is located approximately 7 km. north-northeast of the Whistler Zone and is represented by a distinct magnetic signature similar in intensity to Whistler covering an area approximately 750 by 400 metres. Kennecott drilled one hole into the margin of the body (05-DD-WH-REC-03) and intersected diorite porphyry with propylitic alteration with copper averaging 140 parts per million throughout the hole. Given the hole was drilled on the margin of the magnetic high, Geoinformatics intends to conduct an IP survey to determine if further drilling is warranted.

Snow Ridge Prospect: This prospect is located approximately 4.8 km. north-northwest of Whistler. Mapping by Kennecott indicated outcropping multiple dykes and sills of porphyrytic diorite with large areas of phyllic and intermediate argillic alteration and occasional relict potassic alteration. Geoinformatics' processing of airborne magnetics data indicates a cluster of five magnetic intrusions with diameters between 300 and 1,200 metres. The area has not had any previous IP geophysics or drilling completed.

South Long Lake Hills Prospect: This prospect is located approximately 4 km. east of the Whistler Zone. Porphyry diorite dykes have been mapped in the area. Geoinformatics' processing of airborne magnetics data indicates a cluster of five distinct magnetic intrusive bodies, the most notable of which is to the south of Long Lake Hills on what appears, from satellite imagery, to be a covered alluvial slope. This possible intrusion has been modeled over an area approximately 800 by 700 metres with several zones with increased magnetic mineral content.

Raintree Prospects: The Raintree Prospects are located 2 km. east of the Whistler Zone under alluvial cover. Kennecott drilled four holes targeting IP anomalies (holes: 06-DD-WH-RN-02, 06-DD-WH-RN-03, DD-WH-RN-04 and 06-DD-WH-REC-10). Hole 06-DD-WH-REC-10 intersected 47.4 metres of 0.25 g/t gold, and 0.09% copper and 61.9 metres of 0.19 g/t gold and 0.07% copper; and hole 06-DD-WH-RN-03 intersected 94.5 metres of 0.23 g/t gold and 0.09% copper. There is an untested IP anomaly coincident with a distinct magnetic high located between holes 06-DD-WH-REC-10 and 06-DD-WH-RN-02. The magnetic body is approximately 850 by 750 metres and will be targeted for follow up work.

Whistler South (Dyke) Prospect: This prospect is located 1.5 km. south of the Whistler Zone and is characterized by a distinct magnetic body approximately 1.1 km. long by 200 metres wide that is interpreted to be a feeder dyke to the Whistler Zone. Kennecott drilled one hole into this prospect (hole 05-DD-WH-REC-07) with no intervals sampled. Given its proximity to Whistler, Geoinformatics intends to test parts of this dyke with an IP geophysical survey.

Round Mountain Prospect: This prospect is located approximately 10 km. north of the Whistler Zone. Airborne magnetic data indicates a cluster of several bodies interpreted to be intrusive rocks and an IP survey indicates five geophysical anomalies in the area. Kennecott previously drilled one reconnaissance hole into each of four of the five anomalies (holes 06-DD-WH-REC-09; 05-DD-WH-REC-01, 05-DD-WH-REC-02 & 06-DD-WH-RM-01) with the best results returning 6.0 metres grading 0.23 g/t gold and 2.2 metres grading 6.23 g/t (hole 06-DD-WH-RM-01).

Table 5 presents all the significant drill intercepts on the Whistler Project regional prospects. Additional details on other identified prospects and regional geology will be available on Geoinformatics' website at www.geoinformex.com.

Conditional Offer Agreement

Under the Offer Agreement, Kennecott has agreed to transfer 100% of the Whistler Project and its rights under a claim option agreement to Geoinformatics as the third of four "targets-of-merit" to be transferred in the first two years of the Alliance Agreement.

The transfer of the property to Geoinformatics is conditional upon:

- Final approval by Kennecott in its sole discretion of the Whistler Exploration Program (described in more detail in a following section), which is required to provide for minimum exploration expenditures of US$5 million over 2007 and 2008, of which a minimum of US$2.5 million is to be spent in 2007;

- Evidence provided by Geoinformatics of the availability of funding, in a form acceptable to Kennecott in its sole discretion, for the complete Whistler Exploration Program; and

- Completion of formal documentation.

Once conveyed to Geoinformatics, the Whistler Project would be 100%-owned by Geoinformatics, but would be subject to the standard back-in rights or a royalty in favour of Kennecott, as set out in the Alliance Agreement. In the event that Geoinformatics fails to satisfy any of its obligations under the Offer Agreement, including completion of the Whistler Exploration Program, Geoinformatics will be required to re-convey the Whistler Project to Kennecott in a form and manner acceptable to Kennecott. In addition, Geoinformatics shall not be permitted to encumber the Whistler Project property until it has fully satisfied its obligations under the Offer Agreement.

The Alliance Agreement is described below and in more detail in Geoinformatics' press release dated August 14, 2006, and is also available under Geoinformatics' filings on SEDAR at www.sedar.com.

Whistler Project Funding

While Geoinformatics has adequate funding to meet its obligations under the Alliance Agreement, it will need to raise additional funds to satisfy the funding condition on the transfer of the Whistler Project. It expects to raise such funds from an equity private placement following final approval by Kennecott of the Whistler Exploration Program. In the event that such funding cannot be raised, Geoinformatics may not be able to satisfy the conditions of transfer of the Whistler Project.

Land Claim Status and Royalties

The Whistler Project consists of 100% ownership of 680 State of Alaska mining claims, each 160 acres, and 27 State of Alaska mining claims, each 40 acres, totaling 707 claims, 109,880 acres and 436.5 sq. km. In addition to its staked claims, Kennecott holds a transferable option agreement that grants access to a further 27 40-acre State of Alaska mining claims held by an individual. The option agreement was executed in 2003, has a 30-year term, and is extendable by making royalty payments. Upon commencement of production, annual payments will be the greater of US$200,000 or a 1.5% NSR. A one-time payment of US$10 million can be made to reduce the production royalty to 0.5%. Annual advanced royalty payments will be US$50,000 until commencement of production, and are deductible from future producing royalties. The total land package covers 110,800 acres or approximately 440.5 sq. km.

If Kennecott elects not to exercise its standard back-in right on the Whistler Project, its sole interest in the property will be a 2% NSR, which is offset by any NSR reserved to a third-party.

Whistler Exploration Program

A condition of the transfer of the Whistler Project is approval of the Whistler Exploration Program by Kennecott. Geoinformatics has submitted a draft exploration plan to Kennecott. Geoinformatics is continuing to gather information on certain aspects of the property and exploration program, prior to finalizing the exploration plan with Kennecott, which is expected to occur within the next two weeks.

Geoinformatics plans to conduct an aggressive exploration program on the Whistler Project during the 2007 field season, expected to run from June to September, and later in 2007 and 2008, involving a three-tiered approach to a broad-based exploration program in the region. A drill rig and certain other exploration equipment and facilities have been contracted or acquired by Kennecott for 2007 and will be available to Geoinformatics.

The first tier of the program is expected to involve an estimated 3,000 metres of definition and in-fill drilling on the Whistler Zone between existing drill holes to better define and constrain the zone. The objective of the drill program is to complete sufficient drilling to publish a National Instrument 43-101 compliant mineral resource estimate on the Whistler Zone.

In addition to drilling the Whistler Zone, Geoinformatics intends to conduct field reconnaissance work and "work-ups" on selected targets in the adjacent and surrounding claim blocks. It is expected that at least one other prospect will be drilled in 2007, depending on the amount of drilling to be conducted on the Whistler Zone and the availability of an additional drill rig to the one already contracted by Kennecott.

Over the winter of 2007/2008, Geoinformatics expects to conduct a further evaluation of existing targets and targeting of new prospects in the Whistler region using Geoinformatics' proprietary targeting techniques and results from the 2007 field reconnaissance. Geoinformatics believes that the Alaskan Range is a significant and under-explored porphyry province as demonstrated by the recent discovery of the Whistler Zone.

Local and Regional Targeting

Geoinformatics believes that its proprietary targeting techniques can be applied effectively in the Alaskan Range to shorten the exploration and development cycles and add considerable value to exploration in this region. Geoinformatics' unique and disciplined approach is based on the aggregation and digitization of large quantities of public and private data and the application of sophisticated database management and search techniques and proprietary algorithms. The algorithms are designed around a probabilistic mineral-specific model and are based on the key parameters which trigger economic deposit formations.

Geoinformatics' regional work in northern British Columbia over the past two years in similar terrain has identified several new areas with the potential to host porphyry-related copper-gold systems. Geoinformatics drilled several of these targets in 2006 which resulted in the discovery of a new copper mineralized porphyry system at its Redton Project, which is adjacent to Serengeti Resources' recent Kwanika discovery. These results have built confidence in Geoinformatics' regional geological analysis and interpretation.

Sampling Techniques and Controls

The drill sampling described herein was conducted using diamond core drilling with the laboratory and sampling methods described in Tables 1 and 5. The rock-chip sampling described herein was conducted using a variety of methods including grab samples, selective chipping of rock samples, high-grade and vein rock-chips. Individual methods are noted in Tables 2 and 3.

Kennecott - Geoinformatics Master Strategic Alliance Agreement

All prospects and properties mentioned in this release fall under the Kennecott - Geoinformatics Master Strategic Alliance Agreement. Please refer to Geoinformatics' press-release dated August 14, 2006 for further information. Under the terms of this agreement, Kennecott retains a one-time back-in right or a 2% NSR if the back-in right is not exercised.

Qualified Person

The technical content of this release has been compiled by Darren Holden (MAusIMM), Executive Vice President, Operations, of Geoinformatics based on data provided from Kennecott Exploration Company. Mr. Holden is a "Qualified Person" as defined by National Instrument 43-101 and has 12 years of experience, in the minerals and exploration mining industry. The data received by Kennecott has been delivered in good-faith, and while Geoinformatics has made every effort to check and validate the data, Mr. Holden has not yet visited the Whistler Project nor conducted any re-assay or checks of samples.

About Geoinformatics

Geoinformatics is a global exploration company which has developed a unique and innovative approach to minerals exploration. The Company is actively exploring several significant properties located in British Columbia, the Battle Mountain Trend region of Nevada, and the State of Sinaloa, Mexico. The Company also has an extensive portfolio of joint ventures, other direct property interests and royalties covering a wide range of minerals in Mexico, Australia and New Zealand and North America.

The Company has entered into a Master Strategic Alliance Agreement with Kennecott under which it will use its scientific and technology platform (the "Geoinformatics Process"), which integrates data aggregation, data mining and three-dimensional modeling, to identify and prioritize 30 or more exploration drill targets over the initial two years of the agreement. Pursuant to the Alliance Agreement, Kennecott retains certain royalty and/or back-in rights.

The Geoinformatics Process 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 a stage of commercial development by applying faster, less expensive and more reliable analytical methods to resource exploration.

Forward-Looking Statements: This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration results, potential mineralization, future plans and objectives of the Company and mineral resources) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other risks involved in the mineral exploration industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.



Table 1. Significant Drill Intercepts from the Whistler Zone.

-------------------------------------------------------------
Hole Number From To Width Gold (g/t) Copper (%)
-------------------------------------------------------------
04-DD-WH-01 2.6 105.8 103.2 1.21 0.25
-------------------------------------------------------------
Including(i) 13.0 73.8 60.8 1.46 0.28
-------------------------------------------------------------
83.8 105.8 22.0 1.03 0.22
-------------------------------------------------------------
04-DD-WH-01 150.8 201.8 51.0 0.83 0.15
-------------------------------------------------------------
Including(i) 159.8 169.8 10.0 1.62 0.25
-------------------------------------------------------------
04-DD-WH-01 212.8 503.0 290.3 1.15 0.23
-------------------------------------------------------------
Including(i) 251.8 301.8 50.0 1.62 0.20
-------------------------------------------------------------
317.8 363.8 46.0 2.39 0.41
-------------------------------------------------------------
379.8 399.8 20.0 1.62 0.29
-------------------------------------------------------------
423.3 449.5 26.2 1.13 0.34
-------------------------------------------------------------
-------------------------------------------------------------
04-DD-WH-02 105.2 165.1 59.9 0.44 0.17
-------------------------------------------------------------
04-DD-WH-02 176.1 186.7 10.6 0.33 0.15
-------------------------------------------------------------
04-DD-WH-02 206.7 385.3 178.5 0.93 0.18
-------------------------------------------------------------
Including(i) 237.3 280.8 43.5 1.58 0.23
-------------------------------------------------------------
365.0 384.0 19.0 1.44 0.22
-------------------------------------------------------------
04-DD-WH-02 419.0 459.0 40.0 1.02 0.30
-------------------------------------------------------------
Including(i) 419.0 444.0 25.0 1.32 0.33
-------------------------------------------------------------
-------------------------------------------------------------
04-DD-WH-03 48.7 61.9 13.3 0.33 0.27
-------------------------------------------------------------
-------------------------------------------------------------
04-DD-WH-04 8.7 118.4 109.7 0.50 0.19
-------------------------------------------------------------
04-DD-WH-04 198.3 209.4 11.1 0.29 0.19
-------------------------------------------------------------
-------------------------------------------------------------
04-DD-WH-05 85.4 304.8 219.4 1.49 0.33
-------------------------------------------------------------
Including(i) 88.4 251.7 163.3 1.85 0.41
-------------------------------------------------------------
-------------------------------------------------------------
05-DD-WH-06-A 161.3 188.7 27.5 0.41 0.19
-------------------------------------------------------------
05-DD-WH-06-A 190.0 393.3 203.3 0.50 0.16
-------------------------------------------------------------
05-DD-WH-06-A 464.9 475.0 10.1 0.34 0.15
-------------------------------------------------------------
-------------------------------------------------------------
05-DD-WH-07 352.4 487.8 135.4 0.45 0.12
-------------------------------------------------------------
05-DD-WH-07 533.0 561.0 28.0 0.37 0.09
-------------------------------------------------------------
05-DD-WH-07 612.0 675.5 63.5 0.44 0.11
-------------------------------------------------------------
05-DD-WH-07 697.0 744.1 47.1 0.34 0.17
-------------------------------------------------------------
-------------------------------------------------------------
05-DD-WH-08 22.7 83.6 60.9 0.66 0.44
-------------------------------------------------------------
05-DD-WH-08 83.9 97.5 13.6 0.70 0.41
-------------------------------------------------------------
-------------------------------------------------------------
05-DD-WH-09 285.0 448.0 163.0 0.92 0.22
-------------------------------------------------------------
Including(i) 326.4 398.0 71.6 1.10 0.25
-------------------------------------------------------------
412.0 446.8 34.8 1.28 0.23
-------------------------------------------------------------
470.0 484.0 14.0 1.49 0.20
-------------------------------------------------------------
-------------------------------------------------------------
05-DD-WH-10 281.0 321.5 40.5 0.35 0.19
-------------------------------------------------------------
-------------------------------------------------------------
05-DD-WH-12 82.7 183.0 100.3 1.21 0.38
-------------------------------------------------------------
Including(i) 94.0 107.0 13.0 0.90 0.47
-------------------------------------------------------------
121.0 177.0 56.0 1.65 0.41
-------------------------------------------------------------
05-DD-WH-12 193.0 306.2 113.2 0.89 0.24
-------------------------------------------------------------
Including(i) 245.7 282.9 37.2 1.64 0.39
-------------------------------------------------------------
05-DD-WH-12 321.0 331.0 10.0 0.34 0.22
-------------------------------------------------------------
05-DD-WH-12 346.0 437.9 91.9 1.13 0.23
-------------------------------------------------------------
05-DD-WH-12 446.3 469.8 23.5 0.55 0.10
-------------------------------------------------------------
05-DD-WH-12 470.2 548.0 77.8 0.57 0.15
-------------------------------------------------------------
Including(i) 504.0 516.0 12.0 0.91 0.18
-------------------------------------------------------------
-------------------------------------------------------------
06-DD-WH-15 134.2 186.2 51.9 0.60 0.38
-------------------------------------------------------------
06-DD-WH-15 304.1 360.6 56.5 0.48 0.20
-------------------------------------------------------------
06-DD-WH-15 378.7 457.0 78.3 0.44 0.19
-------------------------------------------------------------
06-DD-WH-15 522.0 600.0 78.0 0.75 0.14
-------------------------------------------------------------
Including(i) 568.0 598.0 30.0 1.24 0.19
-------------------------------------------------------------
-------------------------------------------------------------


All intercepts calculated using a minimum 10-metre interval with a maximum internal dilution of 8 metres and a 0.3 g/t gold cutoff, except where indicated with ((i)) where intercepts calculated with minimum 10-metre interval with a maximum internal dilution of 8 metres and a 1.0 g/t gold cut-off. All intervals over which the product of g/t gold x the interval in metres is greater than 75 are highlighted in yellow. Holes 05-DD-WH-11; 05-DD-WH-13 and 05-DD-WH-14 intersected low-grade anomalous material, but not sufficient to achieve the cut-off grades mentioned above. All drilling conducted by Kennecott Exploration Company and provided in a digital database to Geoinformatics Exploration Inc. All assays prepared at the Alaska Assay Laboratory in Fairbanks, and then sent to ALS Chemex in Vancouver for Au-Fire Assay (Au-AA23) and multi-element (ME-ICP41a). The samples were taken from 1 half of sawn core. The average sample interval was 2 metres per sample, with 84% of samples representing between 1.5 and 2.5 metres of half core-sample length. Quality Assurance and Quality Control (QA/QC) measures were implemented continuously over the course of the drilling program to check laboratory precision and accuracy. Four types of QA/QC samples were included at the field site; duplicates, standards, coarse reject duplicates and blank. A fifth type, pulp duplicate, was generated at the laboratory stage. All QA/QC samples added in the field were inserted at a rate of approximately 1 every 20 samples.



Table 2. Rock-Chip samples from the Canyon Mouth Prospect (sorted by gold
grade).

---------------------------------------------------------------------------
SampleID Easting Northing Eleva Sample Sample Rock Gold Silver Cop-
-tion Type Method Type (g/t) (g/t) per
(%)
---------------------------------------------------------------------------
NA27277 513708 6879373 1242 ROCK_CHIP Grab Vein 14.00 87.0 1.11
---------------------------------------------------------------------------
NA24270 513682 6879520 1247 ROCK_CHIP Grab Vein 6.96 16.0 0.04
---------------------------------------------------------------------------
NA22092 513870 6879896 1018 ROCK_CHIP Grab Vein 2.41 130.0 0.35
---------------------------------------------------------------------------
NA24271 513702 6879603 1202 ROCK_CHIP Grab Vein 2.37 0.1 0.00
---------------------------------------------------------------------------
NA27276 513674 6879349 1261 ROCK_CHIP Grab Vein 1.76 18.0 0.18
---------------------------------------------------------------------------
NA21491 513905 6880070 943 ROCK_FLOAT Grab HF 1.09 7.0 0.26
---------------------------------------------------------------------------
less
than
NA24272 513834 6880000 1026 ROCK_FLOAT Grab SS 0.77 0.1 0.01
---------------------------------------------------------------------------
NA22095 513661 6880350 912 ROCK_CHIP Grab Gos 0.70 4.0 0.02
---------------------------------------------------------------------------
NA21490 513889 6880074 921 ROCK_FLOAT Grab HF 0.54 7.0 0.07
---------------------------------------------------------------------------
NA21495 513778 6880180 943 ROCK_CHIP Channel Gos 0.27 2.0 0.02
---------------------------------------------------------------------------
NA21494 513819 6880156 947 ROCK_CHIP Grab HF 0.25 11.0 0.02
---------------------------------------------------------------------------
NA27279 513812 6879655 1112 ROCK_FLOAT Grab Vein 0.18 2.0 0.01
---------------------------------------------------------------------------
NA21486 514037 6879719 934 ROCK_FLOAT Grab Vein 0.17 1.0 0.02
---------------------------------------------------------------------------
NA27280 513887 6879685 1034 ROCK_FLOAT Grab SS 0.17 1.0 0.10
---------------------------------------------------------------------------
NA22090 513749 6879643 1153 ROCK_CHIP Grab SS 0.13 0.1 0.02
---------------------------------------------------------------------------
NA21487 514026 6879735 953 ROCK_FLOAT Grab SS 0.11 2.0 0.04
---------------------------------------------------------------------------
NA21489 513948 6880034 908 ROCK_FLOAT Grab HF 0.10 2.0 0.02
---------------------------------------------------------------------------
NA21492 513877 6880098 948 ROCK_CHIP Grab HF 0.08 1.0 0.06
---------------------------------------------------------------------------
NA22091 513837 6879788 1033 ROCK_CHIP Grab Vein 0.07 1.0 0.05
---------------------------------------------------------------------------
High
NA16138 513762 6879839 1092 ROCK_CHIP Grade SS 0.04 3.5 0.02
---------------------------------------------------------------------------
NA21485 514020 6879550 1004 ROCK_FLOAT Grab SS 0.04 3.0 0.06
---------------------------------------------------------------------------
NA21488 513963 6879993 927 ROCK_FLOAT Grab HF 0.04 3.0 0.07
---------------------------------------------------------------------------
NA16137 513682 6879506 1247 ROCK_CHIP Grab SS 0.03 0.3 0.01
---------------------------------------------------------------------------
NA27278 513735 6879378 1208 ROCK_CHIP Grab Vein 0.02 1.0 0.01
---------------------------------------------------------------------------
NA22093 513841 6879959 1008 ROCK_CHIP Grab SS 0.01 32.0 0.14
---------------------------------------------------------------------------
NA24269 513682 6879520 1247 ROCK_FLOAT Grab Vein 0.01 0.1 0.00
---------------------------------------------------------------------------
NA21493 513846 6880140 920 ROCK_FLOAT Grab Vein 0.01 1.0 0.01
---------------------------------------------------------------------------
NA22094 513554 6880018 1058 ROCK_CHIP Grab Vein 0.01 0.1 0.01
---------------------------------------------------------------------------
NA20550 513951 6879249 1062 ROCK_CHIP Grab HF 0.01 1.0 0.01
---------------------------------------------------------------------------
less
than
NA24268 513673 6879373 1263 ROCK_CHIP Chip SS 0.01 0.1 0.01
---------------------------------------------------------------------------


All assays prepared at the Alaska Assay Laboratory in Fairbanks, and then sent to ALS Chemex in Vancouver for Au-Fire Assay (Au-AA23) and multi-element (ME-ICP41a). All Easting, Northing and elevation coordinates reported in NAD83 UTM Zone 5 for Alaska. All samples collected by Kennecott Exploration Company.

Sample Type: ROCK_CHIP equals sample from in-situ outcrop; ROCK_FLOAT equals rock sample not in-situ (i.e. in scree slope or creek etc. with unknown provenance.) Sample Method: Grab equals random sample of loose outcrop or float. Chip equals selective sample of specific rock-type from outcrop. Vein equals selective sample of vein material; High-grade equals selective sample of mineralized vein or altered / mineralized rock; Channel equals a selection of rock-chips combined from 1 to 2 metres length at same elevation on an outcrop.

Rock Type: SS equals Siliciclastic Sediment (Sandstone); Gos equals Gossan; HF equals Hornfels contact metamorphic rock.

Quality Assurance / Quality Control measures were implemented over the course of the sampling program that were designed to check the laboratory's precision. Field duplicates at a rate of approximately 1 in 36 samples (district-wide) were collected and sent along with the original sample.



Table 3. Rock-Chip samples from the Muddy Creek Prospect
(sorted by gold grade).

---------------------------------------------------------------------------
SampleID Easting Northing Eleva Sample Sample Rock Gold Silver Copper
-tion Type Method Type (g/t) (g/t) (%)
---------------------------------------------------------------------------
NA27498 508493 6856890 1108 ROCK_CHIP Grab Vein 111.5 6.0 0.02
---------------------------------------------------------------------------
NA29051 508248 6857239 1295 ROCK_CHIP Grab FI 82.1 21.0 0.02
---------------------------------------------------------------------------
NA26824 507187 6858473 1373 ROCK_CHIP Chip II 56.6 3.0 0.01
---------------------------------------------------------------------------
NA29056 508309 6856577 1183 ROCK_CHIP Grab Vein 49.2 23.0 0.01
---------------------------------------------------------------------------
High
NA21392 508816 6855944 1255 ROCK_FLOAT Grade Vein 38.4 382.0 2.37
---------------------------------------------------------------------------
NA23537 506519 6857275 1441 ROCK_CHIP Grab Vein 30.6 55.3 0.14
---------------------------------------------------------------------------
NA24284 506514 6857284 1441 ROCK_CHIP Grab Vein 28.2 194.0 0.90
---------------------------------------------------------------------------
NA21379 508392 6857119 1153 ROCK_FLOAT Grab II 16.1 4.8 0.06
---------------------------------------------------------------------------
NA29059 509001 6855924 1376 ROCK_CHIP Grab Vein 16.0 366.0 2.93
---------------------------------------------------------------------------
NA26826 506747 6857211 1303 ROCK_CHIP Chip II 15.9 48.0 0.64
---------------------------------------------------------------------------
High
NA23902 507299 6856776 1266 ROCK_CHIP Grade Vein 14.1 133.0 1.30
---------------------------------------------------------------------------
NA29060 508925 6855877 1340 ROCK_CHIP Grab Vein 14.0 65.0 0.77
---------------------------------------------------------------------------
NA26822 507363 6858639 1276 ROCK_CHIP Grab II 13.5 90.0 3.63
---------------------------------------------------------------------------
NA27468 507110 6857751 1250 ROCK_CHIP Chip II 13.2 22.0 0.01
---------------------------------------------------------------------------
NA29058 509033 6856030 1319 ROCK_CHIP Grab Vein 12.6 106.0 0.82
---------------------------------------------------------------------------
NA26508 509067 6856144 1284 ROCK_CHIP Grab Vein 12.2 462.0 0.24
---------------------------------------------------------------------------
NA27473 506909 6857580 1340 ROCK_CHIP Grab II 10.6 8.0 0.14
---------------------------------------------------------------------------
NA27471 507061 6857689 1269 ROCK_CHIP Grab Vein 9.7 57.0 2.75
---------------------------------------------------------------------------
High
NA23903 507310 6856888 1237 ROCK_CHIP Grade Vein 9.4 93.9 1.35
---------------------------------------------------------------------------
NA23531 506921 6857422 1287 ROCK_CHIP Grab Vein 9.1 16.3 0.27
---------------------------------------------------------------------------
NA23536 506523 6857273 1441 ROCK_CHIP Grab Vein 8.7 60.8 3.39
---------------------------------------------------------------------------
NA26506 509116 6856119 1357 ROCK_CHIP Grab Vein 7.8 78.0 0.05
---------------------------------------------------------------------------
NA26290 507672 6858630 1059 ROCK_CHIP Chip Vein 7.5 3.0 0.03
---------------------------------------------------------------------------
NA26430 507344 6858098 1157 ROCK_CHIP Chip II 7.1 1.0 0.00
---------------------------------------------------------------------------
NA26502 508914 6855873 1340 ROCK_CHIP Grab Vein 6.8 57.0 0.71
---------------------------------------------------------------------------
NA29023 507273 6856257 1531 ROCK_CHIP Grab Vein 6.7 32.0 0.20
---------------------------------------------------------------------------
NA21383 507733 6856401 1309 ROCK_FLOAT Grab Vein 5.6 15.4 0.04
---------------------------------------------------------------------------
NA26201 507756 6858625 993 ROCK_CHIP Chip FI 5.4 0.1 0.04
---------------------------------------------------------------------------
NA29012 507706 6856587 1373 ROCK_CHIP Grab Vein 4.9 58.0 1.57
---------------------------------------------------------------------------
NA26293 507343 6858685 1285 ROCK_CHIP Grab Vein 4.6 108.0 3.06
---------------------------------------------------------------------------
NA29055 508238 6856478 1217 ROCK_CHIP Grab Vein 4.6 6.0 0.01
---------------------------------------------------------------------------
NA29020 507337 6856347 1485 ROCK_CHIP Chip Vein 4.5 44.0 0.08
---------------------------------------------------------------------------
High
NA23908 506965 6857010 1216 ROCK_FLOAT Grade II 4.2 12.2 0.56
---------------------------------------------------------------------------
NA27496 509084 6856057 1353 ROCK_CHIP Grab Vein 4.0 43.0 0.36
---------------------------------------------------------------------------
NA26901 507253 6858598 1351 ROCK_CHIP Chip II 3.7 9.0 0.28
---------------------------------------------------------------------------
NA21384 507602 6856205 1338 ROCK_FLOAT Grab Vein 3.6 55.5 0.87
---------------------------------------------------------------------------
NA27338 507151 6858459 1395 ROCK_CHIP Grab II 3.6 1.0 0.02
---------------------------------------------------------------------------
NA21388 507602 6856205 1338 ROCK_FLOAT Grab Vein 3.6 28.6 0.78
---------------------------------------------------------------------------
NA24277 506733 6857636 1496 ROCK_CHIP Grab BX 3.1 5.0 0.04
---------------------------------------------------------------------------
High
NA23905 507586 6856888 1284 ROCK_FLOAT Grade II 2.5 12.4 0.32
---------------------------------------------------------------------------
NA29026 507248 6856159 1561 ROCK_CHIP Grab FI 2.1 32.0 0.45
---------------------------------------------------------------------------
NA27472 506918 6857553 1318 ROCK_CHIP Chip II 1.6 0.1 0.03
---------------------------------------------------------------------------
NA27491 506227 6857249 1357 ROCK_CHIP Grab Vein 1.6 10.0 0.02
---------------------------------------------------------------------------
NA27339 507180 6858263 1329 ROCK_CHIP Grab II 1.6 2.0 0.08
---------------------------------------------------------------------------
NA21381 508246 6857074 1225 ROCK_FLOAT Grab II 1.4 4.0 0.07
---------------------------------------------------------------------------
High
NA23901 507289 6856724 1282 ROCK_CHIP Grade II 1.3 32.7 0.06
---------------------------------------------------------------------------
NA27466 507146 6857765 1213 ROCK_CHIP Chip II 1.2 1.0 0.01
---------------------------------------------------------------------------
NA29022 507327 6856332 1493 ROCK_CHIP Grab Vein 1.2 20.0 0.15
---------------------------------------------------------------------------
NA29049 508140 6857045 1267 ROCK_CHIP Grab Vein 1.2 17.0 0.00
---------------------------------------------------------------------------
NA22098 507546 6858859 1167 ROCK_CHIP Chip FI 1.1 3.0 0.15
---------------------------------------------------------------------------
High
NA21398 507181 6856670 1341 ROCK_CHIP Grade II 1.1 19.7 0.42
---------------------------------------------------------------------------
High
NA23904 507586 6856888 1284 ROCK_FLOAT Grade II 1.1 16.3 0.48
---------------------------------------------------------------------------
NA26431 507295 6858080 1184 ROCK_CHIP Chip II 1.1 0.1 0.00
---------------------------------------------------------------------------
NA29057 508464 6857507 1296 ROCK_CHIP Grab FI 1.1 4.0 0.03
---------------------------------------------------------------------------
NA21387 507602 6856205 1338 ROCK_FLOAT Grab II 1.1 5.5 0.06
---------------------------------------------------------------------------
NA21394 507114 6856918 1229 ROCK_FLOAT Grab II 1.1 13.5 0.09
---------------------------------------------------------------------------
NA22100 507460 6858899 1246 ROCK_CHIP Chip HF 1.0 4.0 0.16
---------------------------------------------------------------------------
NA29052 508243 6857267 1295 ROCK_CHIP Grab FI 1.0 1.0 0.03
---------------------------------------------------------------------------
NA27469 507088 6857715 1237 ROCK_CHIP Grab Vein 1.0 1.0 0.01
---------------------------------------------------------------------------
NA27478 506960 6857540 1286 ROCK_CHIP Grab II 1.0 7.0 0.27
---------------------------------------------------------------------------
NA29050 508227 6857165 1271 ROCK_CHIP Grab FI 0.8 30.0 0.27
---------------------------------------------------------------------------
NA29031 508076 6856912 1280 ROCK_CHIP Grab FI 0.7 2.0 0.01
---------------------------------------------------------------------------
NA27479 507011 6857432 1231 ROCK_CHIP Chip II 0.7 1.0 0.06
---------------------------------------------------------------------------
NA29021 507339 6856343 1485 ROCK_CHIP Grab FI 0.7 27.0 0.13
---------------------------------------------------------------------------
NA27494 509035 6856014 1377 ROCK_CHIP Grab BI 0.7 38.0 1.76
---------------------------------------------------------------------------
NA27476 506871 6857589 1381 ROCK_CHIP Chip II 0.7 2.0 0.09
---------------------------------------------------------------------------
NA26291 507578 6858706 1140 ROCK_CHIP Chip II 0.7 9.0 0.34
---------------------------------------------------------------------------
NA27465 507280 6857739 1170 ROCK_FLOAT Grab II 0.7 4.0 0.07
---------------------------------------------------------------------------
NA21380 508520 6857133 1121 ROCK_CHIP Grab II 0.6 9.1 0.16
---------------------------------------------------------------------------
NA26902 507309 6858550 1305 ROCK_CHIP Chip II 0.5 18.0 0.40
---------------------------------------------------------------------------
ROCK_
NA29027 507314 6856148 1548 SUBCROP Grab FI 0.5 5.0 0.09
---------------------------------------------------------------------------
NA26821 507512 6858572 1152 ROCK_CHIP Chip II 0.5 6.0 0.21
---------------------------------------------------------------------------
NA27475 506929 6857578 1340 ROCK_CHIP Chip II 0.5 1.0 0.09
---------------------------------------------------------------------------
NA29030 508012 6856790 1277 ROCK_CHIP Grab II 0.5 0.1 0.01
---------------------------------------------------------------------------
NA26823 507196 6858569 1382 ROCK_CHIP Chip II 0.4 3.0 0.03
---------------------------------------------------------------------------
NA27467 507129 6857758 1250 ROCK_CHIP Chip Vein 0.4 1.0 0.00
---------------------------------------------------------------------------
NA27337 507139 6858502 1413 ROCK_CHIP Chip II 0.4 5.0 0.14
---------------------------------------------------------------------------
NA27477 506882 6857537 1357 ROCK_CHIP Grab II 0.4 0.1 0.01
---------------------------------------------------------------------------
High
NA21396 507076 6856708 1317 ROCK_CHIP Grade II 0.4 2.0 0.05
---------------------------------------------------------------------------
ROCK_
NA27490 506314 6857314 1387 SUBCROP Grab II 0.4 50.0 1.52
---------------------------------------------------------------------------
High
NA21400 507269 6856741 1283 ROCK_CHIP Grade II 0.3 14.1 0.29
---------------------------------------------------------------------------
NA24274 506977 6857495 1269 ROCK_CHIP Chip II 0.3 2.0 0.07
---------------------------------------------------------------------------
NA26819 507546 6858546 1111 ROCK_CHIP Chip II 0.3 0.1 0.01
---------------------------------------------------------------------------
NA21397 507181 6856670 1341 ROCK_CHIP Grab II 0.3 3.9 0.16
---------------------------------------------------------------------------
NA26825 506802 6857203 1278 ROCK_CHIP Chip II 0.3 0.1 0.07
---------------------------------------------------------------------------
NA29015 507373 6856392 1468 ROCK_CHIP Grab FI 0.3 7.0 0.26
---------------------------------------------------------------------------
NA24280 506826 6857371 1338 ROCK_CHIP Chip II 0.3 0.1 0.02
---------------------------------------------------------------------------
NA26432 507288 6858087 1184 ROCK_CHIP Chip II 0.3 0.1 0.00
---------------------------------------------------------------------------
NA26202 507756 6858620 989 ROCK_CHIP Chip FI 0.3 0.1 0.02
---------------------------------------------------------------------------
NA23529 507022 6857473 1242 ROCK_FLOAT Grab II 0.3 1.7 0.06
---------------------------------------------------------------------------
NA24282 506725 6857339 1401 ROCK_CHIP Grab BX 0.2 3.0 0.05
---------------------------------------------------------------------------
NA26433 507159 6857962 1275 ROCK_CHIP Grab II 0.2 0.1 0.01
---------------------------------------------------------------------------
NA29014 507460 6856389 1436 ROCK_CHIP Grab FI 0.2 4.0 0.11
---------------------------------------------------------------------------
NA26507 509089 6856136 1322 ROCK_CHIP Grab II 0.2 5.0 0.03
---------------------------------------------------------------------------
NA29029 507928 6856707 1312 ROCK_CHIP Grab FI 0.2 1.0 0.02
---------------------------------------------------------------------------
ROCK_
NA27489 506508 6857285 1441 SUBCROP Grab II 0.2 14.0 0.67
---------------------------------------------------------------------------
NA21382 508064 6856794 1244 ROCK_FLOAT Grab II 0.2 2.1 0.11
---------------------------------------------------------------------------
NA24276 506884 6857412 1306 ROCK_CHIP Chip II 0.2 3.0 0.03
---------------------------------------------------------------------------
NA29011 507708 6856586 1373 ROCK_CHIP Grab FI 0.2 9.0 0.45
---------------------------------------------------------------------------
NA21395 507095 6856757 1289 ROCK_FLOAT Grab II 0.2 33.1 0.01
---------------------------------------------------------------------------
ROCK_
NA29013 507707 6856587 1373 SUBCROP Grab II 0.1 0.1 0.03
---------------------------------------------------------------------------
NA24281 506763 6857344 1358 ROCK_CHIP Grab Vein 0.1 0.1 0.04
---------------------------------------------------------------------------
NA29007 507519 6856452 1419 ROCK_CHIP Grab Vein 0.1 2.0 0.00
---------------------------------------------------------------------------
NA26288 507495 6858900 1208 ROCK_CHIP Chip II 0.1 0.1 0.11
---------------------------------------------------------------------------
NA26429 507338 6858083 1157 ROCK_CHIP Grab II 0.1 0.1 0.01
---------------------------------------------------------------------------
NA29010 507582 6856513 1408 ROCK_CHIP Grab Vein 0.1 1.0 0.00
---------------------------------------------------------------------------
NA26503 509240 6856222 1341 ROCK_CHIP Grab II 0.1 0.1 0.00
---------------------------------------------------------------------------
NA21386 507602 6856205 1338 ROCK_FLOAT Grab Vein 0.1 2.8 0.01
---------------------------------------------------------------------------
NA24155 507003 6856602 1379 ROCK_CHIP Chip II 0.1 0.1 0.02
---------------------------------------------------------------------------
NA26820 507580 6858603 1116 ROCK_CHIP Chip II 0.1 0.1 0.02
---------------------------------------------------------------------------
NA26204 507611 6858800 1123 ROCK_CHIP Chip II 0.1 0.1 0.34
---------------------------------------------------------------------------
NA23533 506843 6857422 1316 ROCK_CHIP Grab II 0.1 9.8 0.02
---------------------------------------------------------------------------
High
NA23906 507334 6856660 1323 ROCK_FLOAT Grade II 0.1 1.6 0.06
---------------------------------------------------------------------------
NA26203 507693 6858777 1049 ROCK_CHIP Chip FI 0.1 0.1 0.02
---------------------------------------------------------------------------
NA29028 507913 6856680 1312 ROCK_CHIP Grab FI 0.1 1.0 0.03
---------------------------------------------------------------------------
NA21393 508816 6855944 1255 ROCK_FLOAT Grab II 0.1 1.0 0.00
---------------------------------------------------------------------------
ROCK_
NA26205 507349 6858783 1309 SUBCROP Grab II 0.1 0.1 0.05
---------------------------------------------------------------------------
NA27499 508493 6856890 1108 ROCK_CHIP Grab II 0.1 0.1 0.01
---------------------------------------------------------------------------
NA21391 508840 6856069 1238 ROCK_FLOAT Grab II 0.1 0.2 0.02
---------------------------------------------------------------------------
NA27495 509090 6856040 1385 ROCK_FLOAT Grab Vein 0.1 1.0 0.02
---------------------------------------------------------------------------
NA22097 507691 6858864 1055 ROCK_CHIP Chip FI 0.1 0.1 0.03
---------------------------------------------------------------------------
NA29054 508338 6857281 1258 ROCK_CHIP Grab FI 0.1 13.0 0.01
---------------------------------------------------------------------------
NA21390 508840 6856069 1238 ROCK_FLOAT Grab II 0.1 0.6 0.00
---------------------------------------------------------------------------
NA24285 506513 6857283 1441 ROCK_CHIP Chip II 0.1 1.0 0.01
---------------------------------------------------------------------------
NA26714 508433 6857314 1225 ROCK_CHIP Grab II 0.1 0.1 0.00
---------------------------------------------------------------------------
NA24283 506599 6857392 1479 ROCK_CHIP Grab Vein 0.1 0.1 0.02
---------------------------------------------------------------------------
NA26904 507510 6856439 1419 ROCK_CHIP Grab Vein 0.1 0.1 0.00
---------------------------------------------------------------------------
NA29019 507340 6856360 1485 ROCK_CHIP Grab FI 0.1 1.0 0.02
---------------------------------------------------------------------------
NA23801 507620 6858891 1134 ROCK_CHIP Panel HF 0.1 0.2 0.01
---------------------------------------------------------------------------
NA21389 508944 6856146 1236 ROCK_FLOAT Grab HF 0.0 0.3 0.01
---------------------------------------------------------------------------
NA21385 507602 6856205 1338 ROCK_FLOAT Grab II 0.0 0.7 0.02
---------------------------------------------------------------------------
NA23538 506625 6857211 1373 ROCK_CHIP Grab II 0.0 0.5 0.01
---------------------------------------------------------------------------
NA26289 507413 6858905 1285 ROCK_CHIP Chip II 0.0 0.1 0.01
---------------------------------------------------------------------------
NA27470 507061 6857689 1269 ROCK_CHIP Chip II 0.0 0.1 0.01
---------------------------------------------------------------------------
NA26292 507458 6858743 1231 ROCK_CHIP Chip Vein 0.0 2.0 0.01
---------------------------------------------------------------------------
NA29024 507246 6856221 1531 ROCK_CHIP Grab Vein 0.0 2.0 0.02
---------------------------------------------------------------------------
NA29053 508337 6857280 1258 ROCK_CHIP Grab Vein 0.0 8.0 0.01
---------------------------------------------------------------------------
NA21399 507207 6856677 1312 ROCK_CHIP Grab II 0.0 0.1 0.01
---------------------------------------------------------------------------
NA23907 507334 6856660 1323 ROCK_FLOAT Grab II 0.0 0.5 0.01
---------------------------------------------------------------------------
NA26426 507417 6858178 1140 ROCK_CHIP Grab II 0.0 0.1 0.01
---------------------------------------------------------------------------
NA29025 507248 6856187 1547 ROCK_CHIP Grab Vein 0.0 1.0 0.01
---------------------------------------------------------------------------
NA22099 507545 6858853 1167 ROCK_CHIP Chip FI 0.0 0.1 0.02
---------------------------------------------------------------------------
NA29008 507518 6856453 1419 ROCK_CHIP Chip FI 0.0 1.0 0.01
---------------------------------------------------------------------------
NA29016 507373 6856393 1468 ROCK_CHIP Chip FI 0.0 0.1 0.01
---------------------------------------------------------------------------
NA29009 507526 6856475 1416 ROCK_CHIP Chip Vein 0.0 1.0 0.00
---------------------------------------------------------------------------
NA26713 508474 6857332 1224 ROCK_CHIP Grab II 0.0 2.0 0.00
---------------------------------------------------------------------------
NA22096 507756 6858823 1023 ROCK_CHIP Grab FI 0.0 0.1 0.00
---------------------------------------------------------------------------
NA26428 507406 6858178 1140 ROCK_CHIP Grab II 0.0 0.1 0.00
---------------------------------------------------------------------------
NA26505 509168 6856144 1361 ROCK_CHIP Grab II 0.0 0.1 0.00
---------------------------------------------------------------------------
NA26504 509143 6856213 1317 ROCK_CHIP Grab Vein 0.0 0.1 0.00
---------------------------------------------------------------------------


All assays prepared at the Alaska Assay Laboratory in Fairbanks, and sent to ALS Chemex in Vancouver for Au-Fire Assay (Au-AA23) and multi-element (ME-ICP41a). All Easting, Northing and elevation coordinates reported in NAD83 UTM Zone 5 for Alaska.

"0.0" equals Below Detection Limits.

All samples collected by Kennecott Exploration Company.

Sample Type: ROCK_CHIP equals sample from in-situ outcrop; ROCK_FLOAT equals rock sample not in-situ (i.e. in scree slope or creek etc. with unknown provenance.); ROCK_SUBCROP equals sample from small low-lying outcrop that cannot be confirmed as in-situ.

Sample Method: Grab equals random sample of loose outcrop or float. Chip equals selective sample of the specific rock-type from outcrop. High-grade equals selective sample of mineralized vein or altered / mineralized rock; Panel equals a selection of rock-chips combined from a single rock-face.

Rock Type: FI equals Felsic / Acid Intrusive; II equals Intermediate intrusive; BI equals Basic / Mafic intrusive, Vein equals Vein (usually quartz + other minerals); HF equals Hornfels contact metamorphic rock; BX equals Breccia.

Quality Assurance / Quality Control measures were implemented over the course of the sampling program that were designed to check the laboratory's precision. Field duplicates at a rate of approximately 1 in 36 samples (district wide) were collected and sent in along with the original sample.



Table 4. Collar Locations of all drilling reported in this press release

HOLE_ID PROSPECT EASTING NORTHING ELEV DEPTH DIP AZIMUTH
-------------------------------------------------------------------------
Whistler
05-DD-WH-REC-07 South 519110 6869872 551 157.9 -90 0
-------------------------------------------------------------------------

-------------------------------------------------------------------------
04-DD-WH-01 Whistler 518982 6871151 881 523.9 -80 270
-------------------------------------------------------------------------
04-DD-WH-02 Whistler 518760 6871136 872 532.0 -60 90
-------------------------------------------------------------------------
04-DD-WH-03 Whistler 518740 6871548 786 270.3 -50 236
-------------------------------------------------------------------------
04-DD-WH-04 Whistler 518626 6871445 807 341.2 -59 270
-------------------------------------------------------------------------
04-DD-WH-05 Whistler 518989 6871314 843 328.6 -60 270
-------------------------------------------------------------------------
05-DD-WH-06-A Whistler 518628 6871308 823 627.3 -65 87
-------------------------------------------------------------------------
05-DD-WH-07 Whistler 518398 6871140 878 793.9 -49 94
-------------------------------------------------------------------------
05-DD-WH-08 Whistler 518680 6871472 796 264.8 -70 88
-------------------------------------------------------------------------
05-DD-WH-09 Whistler 518738 6871020 884 601.3 -59 91
-------------------------------------------------------------------------
05-DD-WH-10 Whistler 519166 6871335 834 669.0 -60 264
-------------------------------------------------------------------------
05-DD-WH-11 Whistler 518978 6871454 795 495.9 -60 265
-------------------------------------------------------------------------
05-DD-WH-12 Whistler 518882 6871406 798 643.8 -45 163
-------------------------------------------------------------------------
05-DD-WH-13 Whistler 519135 6870869 692 605.6 -60 270
-------------------------------------------------------------------------
05-DD-WH-14 Whistler 518722 6871641 779 545.3 -80 270
-------------------------------------------------------------------------
06-DD-WH-15 Whistler 518687 6871580 790 705.3 -45 171
-------------------------------------------------------------------------

-------------------------------------------------------------------------
05-DD-WH-REC-01 Round Mountain 516456 6881798 560 149.0 -90 0
-------------------------------------------------------------------------
05-DD-WH-REC-02 Round Mountain 515485 6880552 663 43.9 -90 0
-------------------------------------------------------------------------
06-DD-WH-REC-09 Round Mountain 515716 6881870 601 271.0 -90 0
-------------------------------------------------------------------------
06-DD-WH-RM-01 Round Mountain 516860 6881557 576 331.3 -50 236
-------------------------------------------------------------------------

-------------------------------------------------------------------------
05-DD-WH-REC-06 Raintree 522189 6871700 396 212.8 -90 0
-------------------------------------------------------------------------
06-DD-WH-REC-10 Raintree 521349 6871725 451 180.4 -90 0
-------------------------------------------------------------------------
06-DD-WH-RN-02 Raintree 520991 6870589 397 380.1 -79 205
-------------------------------------------------------------------------
06-DD-WH-RN-03 Raintree 520973 6872240 460 296.4 -80 180
-------------------------------------------------------------------------
06-DD-WH-RN-04 Raintree 520774 6871949 479 258.5 -50 90
-------------------------------------------------------------------------

-------------------------------------------------------------------------
05-DD-WH-REC-08 Rainmaker 520657 6869564 371 206.7 -90 0
-------------------------------------------------------------------------
06-DD-WH-RN-01 Rainmaker 520495 6869694 416 175.9 -50 127
-------------------------------------------------------------------------

-------------------------------------------------------------------------
05-DD-WH-REC-04 Portage 520404 6874371 593 206.3 -90 0
-------------------------------------------------------------------------
05-DD-WH-REC-05 Portage 519214 6874816 740 200.6 -90 0
-------------------------------------------------------------------------

-------------------------------------------------------------------------
05-DD-WH-REC-03 Musher's Corner 520569 6877515 466 203.6 -90 0
-------------------------------------------------------------------------

-------------------------------------------------------------------------
06-DD-WH-REC-11 Island Mountain 512665 6848968 1403 132.6 -90 0
-------------------------------------------------------------------------
06-DD-WH-REC-12 Island Mountain 513107 6849465 1215 136.2 -90 0
-------------------------------------------------------------------------

-------------------------------------------------------------------------
05-DD-CC-01 Canyon Creek 516831 6879387 632 311.0 -59 79
-------------------------------------------------------------------------
06-DD-WH-CC-02 Canyon Creek 517363 6879676 546 331.2 -50 207
-------------------------------------------------------------------------


All Easting, Northing and elevation coordinates reported in NAD83 UTM Zone 5 for Alaska.



Table 5. Significant intercepts from Whistler "regional" prospects.

Copper
Prospect Hole_Id From To Width (m) Gold (g/t) (%)
---------------------------------------------------------------------------
Canyon Creek 05-DD-CC-01 289.0 300.5 11.5 0.12 0.01
---------------------------------------------------------------------------
06-DD-WH-CC-02 56.4 65.8 9.4 0.08 0.01
---------------------------------------------------------------------------
(i) 06-DD-WH-CC-02 94.4 96.4 2.0 1.39 NSI
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Island Mountain 06-DD-WH-REC-11 42.0 72.0 30.0 0.14 0.04
---------------------------------------------------------------------------
06-DD-WH-REC-11 105.0 111.0 6.0 0.17 0.02
---------------------------------------------------------------------------
06-DD-WH-REC-11 126.0 132.6 6.6 0.15 0.01
---------------------------------------------------------------------------
06-DD-WH-REC-12 53.2 64.2 11.0 0.07 NSI
---------------------------------------------------------------------------
06-DD-WH-REC-12 103.0 111.9 9.0 2.12 0.04
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Musher's Corner 05-DD-WH-REC-03 NSI NSI
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Portage 05-DD-WH-REC-04 44.0 52.0 8.0 0.20 NSI
---------------------------------------------------------------------------
05-DD-WH-REC-05 NSI NSI
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Rainmaker 05-DD-WH-REC-08 199.6 206.7 7.1 0.13 0.04
---------------------------------------------------------------------------
05-DD-WH-REC-08 5.7 190.0 184.3 0.44 0.16
---------------------------------------------------------------------------
06-DD-WH-RN-01 116.0 121.6 5.6 0.23 NSI
---------------------------------------------------------------------------
06-DD-WH-RN-01 98.1 103.8 5.7 0.20 0.01
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Raintree 05-DD-WH-REC-06 NSI NSI
---------------------------------------------------------------------------
06-DD-WH-REC-10 57.0 104.4 47.4 0.25 0.09
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06-DD-WH-REC-10 4.1 8.9 4.8 0.12 0.07
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06-DD-WH-REC-10 118.5 180.4 61.9 0.19 0.07
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06-DD-WH-RN-02 NSI NSI
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06-DD-WH-RN-03 34.7 129.1 94.5 0.23 0.09
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06-DD-WH-RN-04 NSI NSI
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Round Mountain 05-DD-WH-REC-01 NSI NSI
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05-DD-WH-REC-02 NSI NSI
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06-DD-WH-REC-09 NSI NSI
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06-DD-WH-RM-01 78.8 86.8 8.0 0.10 NSI
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06-DD-WH-RM-01 134.3 140.3 6.0 0.23 0.01
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(i) 06-DD-WH-RM-01 269.7 271.9 2.2 6.23 0.01
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No assay
Whistler South 05-DD-WH-REC-07 results
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(NSI -- No significant intercepts)


All intercepts calculated using a minimum 4-metre interval with a maximum internal dilution of 8 metres and a 0.1 g/t gold cutoff. Except where indicated with ((i)) where interval is calculated using a minimum 2-metre interval. All drilling conducted by Kennecott Exploration Company and provided in a digital database to Geoinformatics Exploration Inc. All assays prepared at the Alaska Assay Laboratory in Fairbanks, and then sent to ALS Chemex in Vancouver for Au-Fire Assay (Au-AA23) and multi-element (ME-ICP41a). All intervals over which the product of g/t gold times the interval in metres is greater than 2 are highlighted in yellow. The average sample interval was 2 metres per sample, with 84% of samples representing between 1.5 and 2.5 metres of half core-sample length. Quality Assurance and Quality Control (QA/QC) measures were implemented continuously over the course of the drilling program to check the laboratory's precision and accuracy. Four types of QA/QC samples were included at the field site: duplicates, standards, coarse reject duplicates and blanks. A fifth type, pulp duplicate, was generated at the laboratory stage. All QA/QC samples added in the field were inserted at a rate of 1 every 20 samples.

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Contact Information

  • Geoinformatics Exploration Inc.
    Kevin L. Snook
    Chairman
    (416) 861-1300 x226
    Email: kevins@geoinformex.com
    or
    Geoinformatics Exploration Inc.
    Dr. Nick Archibald
    Executive Vice-Chairman and CEO
    (416) 861-1300 x224
    Email: nicka@geoinformex.com
    or
    Geoinformatics Exploration Inc.
    330 Bay Street, Suite 1109
    Toronto, Ontario M5H 2S8
    Website: www.geoinformex.com