Advanced Explorations Inc.
TSX VENTURE : AXI.H

Advanced Explorations Inc.

June 23, 2005 08:00 ET

Advanced Explorations Inc. Announces MOU Partners Conducting Hyperspectral Program in Mexico

TORONTO, ONTARIO--(CCNMatthews - June 23, 2005) - AEI (TSX VENTURE:AXI.H) is pleased to announce that their MOU partner Geologic Business Solutions Inc (GBSI) have a contract to acquire hyperspectral data over a large area in northern Mexico for Noranda Exploration Mexico, S.A. de C.V. Earth Search Sciences Inc. (ESSI; also an MOU partner) will provide the data acquisition using their Probe-1 sensor and GBSI will provide the data processing and interpretation. Noranda is a long time user of hyperspectral technology as part of their exploration programs.

Hyperspectral technology has proven to reduce exploration costs and increase the rate at which new mineral prospects are identified. Airborne hyperspectral mineral mapping allows geologists to effectively pursue strategic exploration programs over large areas that previously would be considered too costly and time consuming.

This news release includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.

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Advanced Explorations Inc. (TSX VENTURE:AXI.H)

The NEX/TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Advanced Explorations Inc.
    Gary Williams
    President/CEO
    (416) 570-0629
    or
    Geo-Probe Inc., subsidiary of ESSI
    Dave Stevens
    President
    (253) 307-5611
    or
    GBSI
    John Gingerich
    President/CEO
    (416) 570-3250