Geoinformatics Exploration Inc.
TSX VENTURE : GXL

Geoinformatics Exploration Inc.

November 16, 2007 11:48 ET

Geoinformatics Announces Additional Assay Results from Whistler Project

Includes 54 Metres Grading 1.52 g/t Gold within 180 Metres Grading 0.84 g/t Gold

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce that it has received further encouraging assay results for holes 3, 4 and 5 from its 2007 drill program on the Whistler Project in Alaska.



Highlights:

- Wide mineralized gold intercepts were recorded in Hole 3 which targeted
new western areas of the broader Whistler Zone including:

- 354.6 metres grading 0.38 grams/tonne (g/t) gold and 0.12% copper.

- Significant higher-grade intercepts were recorded in Holes 4 and 5
through previously undrilled sections of the Main Zone including:

- 64 metres grading 1.08 g/t gold and 0.40% copper in Hole 4 within a
longer intersection of 238.7 metres grading 0.64 g/t gold and 0.27%
copper; and

- 54 metres grading 1.52 g/t gold and 0.16% copper in Hole 5 within
180 metres grading 0.84 g/t gold and 0.16% copper.

- The results from Holes 3, 4 and 5 will be used in the calculation of a
43-101 compliant resource estimate for the Whistler Zone being completed
by SRK Consulting (Canada) Inc.


Whistler 2007 Drill Program Results - Holes 3, 4 and 5:

Geoinformatics has now received assay results for Holes 3, 4 and 5 (WH-07-03, -04 and -05) after previously announcing the results of Holes 1 and 2. The Company drilled seven holes, totaling approximately 3,300 metres, on the Whistler Zone in 2007. The results of the remaining two holes are expected within two weeks.

The primary mineralized system identified to-date at the Whistler Project is a large gold-copper porphyry known as the Whistler Zone. The system comes to surface over an extensive area and has a mineralized envelope confirmed over a projected surface area of 750 metres by 460 metres and to a depth of 570 metres. 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 between 200 and 570 metres. A plan view of both zones and the drilling to-date is appended to this press release.

The Company's drilling in 2007 has targeted new areas of both the Whistler Zone and the Main Zone. WH-07-03 and WH-07-04 completed a four-hole fence across section 6871350N (Figure 1) and WH-07-05 was drilled further south on section 6871200N (Figure 2).

WH-07-03 targeted an unexplored western section of the lower-grade Whistler Zone with positive results over a 355-metre interval. WH-07-04 and WH-07-05 were drilled approximately 150 metres apart to infill sections of the Main Zone. The drill results shown in Table 1 below confirmed the expected boundaries and grades of the Main Zone.

Drill hole details are contained in Table 2 appended to this press release.

To view the Figure 1 2007 Drilling on Cross-section 6871350N map, please visit the following link: http://www.ccnmatthews.com/docs/geoinformfig1.pdf.

To view the Figure 2 2007 Drilling on Cross-section 6871200N map, please visit the following link: http://www.ccnmatthews.com/docs/geoinformfig2.pdf.



Table 1. Mineralized intercepts for all assays received to-date for the
2007 season (WH-07-01 to WH-07-05) using 0.1 g/t gold, 0.3 g/t
gold and 1.0 g/t gold cut-offs.

----------------------------------------------------------------------------
----------------------------------------------------------------------------
Cut off (minimum
10-metre width
and max 20-metre From To Interval Gold Copper Silver
Drill Hole internal dilution) (metres) (metres) (metres) (g/t) (%) (g/t)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WH_07_01 0.1 g/t Au 6.0 113.4 107.4 0.38 0.19 1.18
----------------------------------------------------------------------------
0.3 g/t Au 39.0 113.4 74.4 0.47 0.21 0.98
----------------------------------------------------------------------------
----------------------------------------------------------------------------
0.1 g/t Au 177.0 308.2 131.2 0.86 0.25 2.61
----------------------------------------------------------------------------
0.3 g/t Au 182.0 308.2 126.2 0.89 0.26 2.67
----------------------------------------------------------------------------
1.0 g/t Au 182.0 217.0 35.0 1.30 0.44 3.67
----------------------------------------------------------------------------
1.0 g/t Au 289.0 308.2 19.2 1.91 0.39 3.05
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WH_07_02 0.1g/t Au 123.0 588.3 465.3 0.49 0.15 1.05
----------------------------------------------------------------------------
0.3g/t Au 132.0 367.0 235.0 0.44 0.13 0.65
----------------------------------------------------------------------------
0.3g/t Au 399.0 501.0 102.0 0.98 0.26 1.35
----------------------------------------------------------------------------
1.0g/t Au 274.0 285.0 11.0 1.02 0.21 0.72
----------------------------------------------------------------------------
1.0g/t Au 401.0 444.0 43.0 1.70 0.42 2.15
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WH_07_03 0.1g/t Au 296.0 675.4 379.4 0.36 0.11 0.74
----------------------------------------------------------------------------
0.3g/t Au 320.9 675.4 354.6 0.38 0.12 0.74
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WH_07_04 0.1g/t Au 7.0 279.0 272.0 0.58 0.25 1.85
----------------------------------------------------------------------------
0.3g/t Au 20.3 259.0 238.7 0.64 0.27 1.97
----------------------------------------------------------------------------
1.0g/t Au 41.0 105.0 64.0 1.08 0.40 3.05
----------------------------------------------------------------------------
1.0g/t Au 183.0 193.0 10.0 1.13 0.30 2.00
----------------------------------------------------------------------------
----------------------------------------------------------------------------
WH_07_05 0.1g/t Au 5.0 53.0 48.0 0.15 0.11 1.10
----------------------------------------------------------------------------
----------------------------------------------------------------------------
0.1g/t Au 80.0 283.6 203.6 0.75 0.15 2.43
----------------------------------------------------------------------------
0.3g/t Au 100.0 280.0 180.0 0.84 0.16 2.48
----------------------------------------------------------------------------
1.0g/t Au 184.0 238.0 54.0 1.52 0.16 3.52
----------------------------------------------------------------------------
----------------------------------------------------------------------------
0.1g/t Au 304.0 327.0 23.0 0.20 0.04 1.97
----------------------------------------------------------------------------
----------------------------------------------------------------------------

The Main Zone is interpreted to be dipping vertically to 80 degrees to the
west. Therefore, true width is approximately 0.55 to 0.65 of the drill
intercept widths.


Intercept Calculations and Quality Control

All intercepts in Table 1 were calculated using a minimum 10-metre width and 20-metre maximum internal dilution. Intercepts have been calculated using separate cut-offs of 0.1 g/t gold, 0.3 g/t gold and 1.0 g/t gold. In prior reporting of assay results from Whistler, the Company has used a 10-metre maximum internal dilution. However, recent geo-statistical work has resulted in the determination that 20-metre internal dilution is a more appropriate factor. Intercepts previously reported for WH-07-01 and WH-07-02 have been recalculated and are also presented in Table 1.

Assayed samples consisted of half-core with 2 to 3-metre average intervals. 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 analysis (ME-ICP41a). Field standards and blanks are inserted in the sample stream to monitor laboratory performance.

About the Whistler Project:

The Whistler Project is located 161 km. northwest of Anchorage, Alaska and was acquired as a target-of-merit from Kennecott in June 2007 (see "Kennecott - Geoinformatics Alliance Agreement" below). It encompasses approximately 440 sq. km. in the northeastern end of the prospective Southern Alaskan Range, which hosts the giant Pebble copper-gold-molybdenum-silver deposit further to the southwest.

The project consists of 732 mining claims on state land designated for mineral exploration and development.

The Whistler Project includes the Whistler Zone, which has been interpreted from extensive drilling as a large gold-copper porphyry system, and a significant number of additional regional exploration targets. These regional targets generally have mineralized geochemistry samples or geophysical signatures similar to the Whistler Zone or already have mineralized initial drill holes.

Kennecott - Geoinformatics Alliance Agreement:

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

Qualified Person:

The technical content of this release has been reviewed by Darren Holden, MAusIMM, Executive Vice President - Operations of Geoinformatics. Mr Holden is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and is a qualified person as defined by National Instrument 43-101.

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 Geoinformatics Process integrates large-scale data aggregation, data mining and three-dimensional modeling, and has been designed to assist in understanding and quantifying risk at a much earlier stage of the exploration cycle than has traditionally been available. The Company's objective is to advance its properties to the stage of commercial development by applying faster, less expensive and more reliable analytical methods to resource exploration.

This news release includes certain forward-looking statements concerning the future performance of Geoinformatics' business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our 2006 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.

Projected Plan View and Drill Hole Details

The schematic is a projected plan view of the Whistler Zone and Main Zone and all drilling to-date with drill intercepts greater than 0.3 g/t gold. Labeled holes were drilled by Geoinformatics in 2007. Other (non-labeled) holes were drilled previously by Kennecott. High-grade intercepts (greater than 1.0 g/t) within identified mineralization and additional lower-grade intercepts (less than 0.1 g/t Au) outside the identified mineralization are not shown.

To view a map of the Projected Plan view of the Whistler Zone and Main Zone, please visit the following link: http://www.ccnmatthews.com/docs/geoinformfig3.pdf



Table 2. Drill Hole Details.

---------------------------------------------------------------------------
Hole Easting Northing Elevation Depth Azimuth Dip
(metres) (metres) (metres) (metres) (degrees) (degrees)
---------------------------------------------------------------------------
WH_07_03 518289 6871357 867 675 092 -60
---------------------------------------------------------------------------
WH_07_04 518776 6871358 868 398 092 -65
---------------------------------------------------------------------------
WH_07_05 518725 6871221 879 400 090 -58
---------------------------------------------------------------------------


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
    Email: nicka@geoinformex.com
    or
    Geoinformatics Exploration Inc.
    Mr. Darren Holden
    Executive Vice President - Operations
    (604) 605-3073 x101
    Email: darrenh@geoinformex.com
    or
    Geoinformatics Exploration Inc.
    330 Bay Street, Suite 1109
    Toronto, Ontario M5H 2S8
    Website: www.geoinformex.com