Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.

November 05, 2007 13:50 ET

Geoinformatics Updates Exploration on Its Equity and Royalty Holdings

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to provide an update on the exploration activities of its 48%-owned Australian subsidiary, Clancy Exploration Limited, and two other alliance partners in which Geoinformatics holds royalties.


- Clancy Exploration Ltd. commences an aggressive exploration program in Australia;

- Sanatana Diamonds Inc. intersects kimberlite in the Northwest Territories; and.

- Dajin Resources Corp intersects visible sphalerite (zinc sulphide) in British Columbia.

Clancy Exploration Limited ("Clancy")

On October 18, 2007, Clancy announced that an induced polarization ("IP") survey has identified two significant anomalies at its Gobondery property in the Lachlan Fold Belt in New South Wales, Australia. The results include an IP anomaly of greater than 15 milliseconds over 1.1 km. by 600 metres area at the Forest View Prospect and a discrete cigar-shaped chargeable anomaly at greater than 8 milliseconds over a strike length of 750 metres with a diameter of 150 metres associated with a copper soil anomaly of greater than 500 parts per million.

In addition, Clancy announced the commencement of a six-month 25,000 metre drilling campaign to test 13 highly ranked exploration targets in the Lachlan Fold Belt, all of which were identified by Geoinformatics.

On July 11, 2007, Clancy commenced trading on the Australian Stock Exchange ("ASX"), (symbol: CLY) following its initial public offering which raised Aud$5 million. Geoinformatics holds 22.8 million common shares of Clancy, representing an approximate 48% interest. On November 5, 2007, Clancy shares closed at Aud$0.27 per share.

Sanatana Diamonds Inc. ("Sanatana")

On October 2, 2007, Sanatana announced it had intersected kimberlite (subject to petrology verification) at its Greenhorn Prospect in the Northwest Territories. Geoinformatics holds a 1% gross-overriding royalty ("GOR") on Sanatana's exploration properties in the Northwest Territories. In 2005, Geoinformatics completed early-stage targeting on the Mackenzie Craton on behalf of Sanatana in exchange for the 1% GOR. Sanatana is listed on the TSX Venture Exchange and on the London AIM Exchange.

Dajin Resources Corp. ("Dajin")

On October 24, 2007, Dajin announced that it had completed six diamond drill holes on its Jackpot Deposit, with four holes encountering visible sphalerite (zinc sulphide) mineralization over intervals similar to those previously encountered by Cominco Ltd. and the New Jersey Zinc Company of Canada Ltd. on the project.

Geoinformatics holds a 0.5% net smelter royalty ("NSR") on Dajin's Jackpot Deposit located near Nelson, British Columbia. Geoinformatics exchanged information with Dajin from its New Jersey Zinc Database in exchange for the 0.5% NSR.

Qualified Persons

The technical content of this release has been compiled by Mr. Darren Holden (MAusIMM), Executive Vice President - Operations of Geoinformatics. 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 information concerning the exploration results obtained by Clancy, Sanatana and Dajin has been taken from public disclosure made by each of those companies and while Geoinformatics has no knowledge that such information in untrue or incomplete, it does not assume responsibility for the accurateness or completeness if such information.

About Geoinformatics

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

Geoinformatics is actively exploring and developing the Whistler Project located in Alaska where drilling has confirmed the presence of a gold-copper porphyry system. In addition, Geoinformatics is exploring several 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 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 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 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.
    Dr. Nick Archibald
    Executive Vice-Chairman and CEO
    (416) 861-1300 x224
    Geoinformatics Exploration Inc.
    Mr. Darren Holden
    Executive Vice President, Operations
    (604) 605-3073 x101
    Geoinformatics Exploration Inc.
    330 Bay Street, Suite 1109
    Toronto, Ontario M5H 2S8