Geoinformatics Exploration Inc.
TSX VENTURE : GXL

Geoinformatics Exploration Inc.

October 01, 2007 13:45 ET

Geoinformatics Identifies a New Copper-Rich Zone at its Whistler Project in Initial 2007 Assay Results

TORONTO, ONTARIO--(Marketwire - Oct. 1, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce the assay results for the first two drill holes from the 2007 exploration program on its Whistler Project in Alaska. The drilling is the first completed by Geoinformatics following acquisition of the project from Kennecott Exploration Company ("Kennecott") in June 2007. The first drill hole (WH-07-01) primarily evaluated an untested section of the high-grade core (the "Main Zone"), which is located within the broader "Whistler Zone" porphyry system. The second hole (WH-07-02) successfully tested both a possible western extension of the Whistler Zone as well as a deeper extension of the Main Zone (see "The Whistler Project") below.



Highlights

- Assay results confirmed wide intercepts of gold and copper-rich
mineralization in both target zones within the Whistler Zone porphyry.

- WH-07-01 intersected approximately 50 metres of mineralization in the
Whistler Zone before intersecting the following higher-grade intervals
within the Main Zone (see Table 1):

- 47.0 metres grading 1.11 g/t gold, 0.40% copper, 3.13 g/t silver, and

- 49.2 metres grading 1.06 g/t gold, 0.23% copper and 3.37 g/t silver.

The drill hole ended in mineralization in a 19-metre section of 1.91 g/t
gold, 0.39% copper and 3.05 g/t silver well before the target depth due to
a casing failure.

- WH-07-02 successfully established a western extension to the Whistler
Zone and intersected a new high-grade adjunct to the Main Zone, recording
some of the highest grades seen to-date at Whistler including
(see Table 2):

- 132.0 metres grading 0.56 g/t gold, 0.16% copper, 0.71g/t silver, and

- 47.0 metres grading 1.60 g/t gold, 0.40% copper, 2.06 g/t silver,
which included a high-grade copper zone of 8.0 metres of 1.20% copper
and 4.10 g/t gold.

- SRK Consulting Canada Inc. ("SRK") has been engaged to complete a
National Instrument 43-101 ("NI 43-101") technical report on the Whistler
Project, which is expected by the end of October, 2007.


The Whistler Project

The Whistler Project was acquired as a target-of-merit from Kennecott in June 2007 (see "Kennecott - Geoinformatics Alliance Agreement" below), and encompasses approximately 440 sq. km. in the northeastern corridor of the prospective Southern Alaskan Range which hosts the giant Pebble copper-gold-molybdenum-silver deposit further to the southwest. The project is located 160 km. northwest of Anchorage, Alaska (See Figure 1) and consists of 732 mining claims on state land designated for mineral exploration and development.

The initial discovery on the Whistler land package was a broad, partially-defined gold-copper system now known as the Whistler Zone which comes to surface and has a mineralized envelope confirmed over an area of 760 metres by 460 metres to a depth of at least 570 metres.

To view Figure 1 Whistler Project Location, please visit the following link: http://www.ccnmatthews.com/docs/geomap1001.pdf

The Whistler Zone was originally identified in the 1980s in shallow drilling by Teck Cominco Limited, which was followed by 15 Kennecott drill holes (7,950 metres) from 2004 to 2006 to depths of 580 metres (vertical) below surface. Within this broadly mineralized envelope, the higher-grade Main Zone extends for 350 metres along strike averaging over 100 metres in width with mineralization confirmed from surface to depths of between 200 and 570 metres. Overall, the Main Zone and the Whistler Zone are still open in several directions and at depth.

Another 15 promising targets/prospects have been identified in the Whistler Project region through field reconnaissance and computer-based targeting methods completed by Geoinformatics and Kennecott, which include an airborne magnetic survey, surface geochemistry and induced polarization ("IP") geophysical surveys.

Geoinformatics expects the full assay results from the 2007 field season to be available by late October to early November, 2007. SRK has completed an initial review and field visit to the Whistler Project and an NI 43-101 summary report is expected to be released in October 2007.

Initial Whistler 2007 Drill Program Results

"Geoinformatics is extremely pleased with the results of its first two drill holes on Whistler" stated Darren Holden, Executive Vice President, Exploration. "The higher-grade Main Zone has been proven to have good continuity of grade and width with over 96 metres of higher-grade mineralization intersected in the first hole before the hole was abandoned while in mineralization".

The second drill hole indicates the widespread presence of lower grade mineralization on the western side of the Whistler Zone from a 132-metre intercept grading 0.56 g/t gold and 0.16% copper. This drill hole also intersected a higher-grade zone of 47 metres of 1.6 g/t gold and 0.4% copper, which is either a new high-grade zone or a western extension of the Main Zone. Within this interval, a high-grade copper zone was intersected grading 8.0 metres of 1.20% copper and 4.10 g/t gold. Encouragingly, the style of mineralization in the high-grade copper zone, consisting of brecciated porphyry within a sulphide matrix, is different to the vein-hosted mineralization in the Main Zone.

To view the Figure 2 West-East Cross-section (view north), please visit the following link: http://www.ccnmatthews.com/docs/geomap1001b.pdf

The Whistler 2007 exploration program is now expected to consist of seven drill holes totaling 3,200 metres. The first two drill holes are the subject of this press release, four holes are pending assay results and one hole is currently being completed. In addition, Geoinformatics is conducting regional reconnaissance of several other targets in the Whistler area through computer-based targeting techniques, field mapping and sampling, and IP surveys.

2007 Drill Hole 1 - WH-07-01

WH-07-01 was drilled primarily to infill a section of the Main Zone, which was identified in previous Kennecott drilling. Gold mineralization greater than 0.3 g/t was intercepted in several long intersections from 61 metres to the end of the hole at 308 metres. The last 19.2 metres contained the highest-grade mineralization in this drill hole grading 1.91 g/t gold, 0.39% copper and 3.05 g/t silver. The hole ended well before the target depth due to a slip in the drill hole casing.



Table 1 WH-07-01 Mineralized Intervals

---------------------------------------------------------------------------
From To Interval Gold Copper Silver
(metres) (metres) (metres) (g/t) (%) (g/t)
---------------------------------------------------------------------------
WH-07-01 61.0 76.0 15.0 0.37 0.26 1.38
---------------------------------------------------------------------------
79.3 93.5 14.2 0.73 0.29 0.92
---------------------------------------------------------------------------
95.0 113.4 18.4 0.77 0.22 1.33
---------------------------------------------------------------------------
182.0 229.0 47.0 1.11 0.40 3.13
---------------------------------------------------------------------------
including(i) 182.0 201.0 19.0 1.77 0.52 4.64
---------------------------------------------------------------------------
259.0 308.2 49.2 1.06 0.23 3.37
---------------------------------------------------------------------------
including(i) 289.0 308.2 19.2 1.91 0.39 3.05
---------------------------------------------------------------------------

(i) See "Intercept Calculations/Quality Control" below.

The Main Zone is interpreted to be dipping between vertical to 85
degrees to the west. In a 55 degree inclined hole drilled on azimuth
090, the true width is approximately 0.6 to 0.7 of the width of the
drilled-intercept.


2007 Drill Hole 2 - WH-07-02

WH-07-02 was designed to evaluate an untested portion of the Whistler Zone porphyry located west of the Main Zone as well as a possible extension of the Main Zone at depth.



Table 2 WH-07-02 Mineralized Intervals

---------------------------------------------------------------------------
From To Interval Gold Copper Silver
(metres) (metres) (metres) (g/t) (%) (g/t)
---------------------------------------------------------------------------
WH-07-02 153.0 285.0 132.0 0.56 0.16 0.71
---------------------------------------------------------------------------
298.0 319.0 21.0 0.57 0.12 0.57
---------------------------------------------------------------------------
337.0 367.0 30.0 0.39 0.11 0.98
---------------------------------------------------------------------------
399.0 446.0 47.0 1.60 0.40 2.06
---------------------------------------------------------------------------
including(i) 401.0 415.0 14.0 2.69 0.71 3.76
---------------------------------------------------------------------------
including(ii) 401.0 409.0 8.0 4.10 1.20 6.18
---------------------------------------------------------------------------
including(i) 426.0 444.0 18.0 1.71 0.36 1.89
---------------------------------------------------------------------------
456.0 501.0 45.0 0.52 0.17 0.83
---------------------------------------------------------------------------

(i) See "Intercept Calculations/Quality Control" below.

The orientation of the mineralization is unknown, and, hence, the
true width cannot be estimated.


The drill hole included a high-grade copper zone of 8.0 metres grading 1.20% copper and 4.10 g/t gold based on a 0.50% copper cut-off. The same section of the hole measured 14.0 metres grading 2.60 g/t gold, 0.71% copper using a 1.0 g/t gold cut-off, and is one of the best copper-gold grade intercepts seen to-date at Whistler.



Intercept Calculations/Quality Control

Table 3 Drill Hole Details (NAD27 UTM Zone 5)

---------------------------------------------------------------------------
Depth
Hole_ID Easting Northing Dip Azimuth (metres)
---------------------------------------------------------------------------
WH-07-01 518648 6871393 -55 90 380.2
---------------------------------------------------------------------------
WH-07-02 518470 6871350 -55 92 588.9
---------------------------------------------------------------------------


All intercepts were calculated using a minimum 10-metre width, 8-metre internal dilution and 0.3 g/t gold cut-off; except where indicated by (i) for which intercepts were calculated using a 10-metre width, 8-metre internal dilution and 1.0 g/t gold cut-off and by (ii) for which intercepts were calculated with a 8-metre width, no internal dilution and 0.5% copper cut-off. Assayed samples consisted of half-core with an average 2-metre interval. All assays were 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). Field standards and blanks are inserted in the sample stream to monitor laboratory performance.

NI 43-101 Qualified Persons

The technical content of this release has been compiled by Darren Holden (MAusIMM), Executive Vice President - Exploration of Geoinformatics. Mr. Holden is a "qualified person", as defined by NI 43-101, and has 12 years of experience in the minerals and exploration mining industry.

Kennecott - Geoinformatics Alliance Agreement

All Whistler Project prospects and properties mentioned in this press release fall under the Kennecott-Geoinformatics Master Strategic Alliance Agreement (the "Alliance Agreement"). Please refer to Geoinformatics' press-release dated August 14, 2006, for further information. The Whistler Project has been conditionally offered to Geoinformatics as a target-of-merit under the Alliance Agreement, and Kennecott retains a one-time back-in right or a 2% NSR on a project basis, if the back-in right is not exercised on the Whistler Project and all Alliance Agreement projects.

About Geoinformatics

Geoinformatics is a global exploration company which has developed a unique and innovative approach to minerals exploration.

In addition to the Whistler Project, Geoinformatics is actively exploring several advanced projects located in British Columbia, Utah, the Battle Mountain Trend region of Nevada, and the State of Sinaloa, Mexico. Fourteen Company-owned properties, in the State of Sonora, Mexico, fall under a joint venture in which Azure Minerals Limited (ASX:AZS) 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 Company entered into the Alliance Agreement with Kennecott effective March 2006 under which it is using its proprietary geo-science and technology platform (the "Geoinformatics Process") to identify, prioritize and drill more than 30 exploration drill targets over the initial two years of the agreement.

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 our business, its operations and its 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 current Annual Information Form and other recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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