Geoinformatics Exploration Inc.
TSX VENTURE : GXL

Geoinformatics Exploration Inc.

February 28, 2007 17:13 ET

Geoinformatics Drills Further High-grade Copper, Silver and Molybdenum Intercepts on its Azulitas Prospect in Mexico

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce the results of recent drilling at its Azulitas Prospect which is part of its 100% owned La Noria Project in Sinaloa, Mexico.



Highlights

- Copper-silver-gold mineralization was intersected over a 300-metre strike
length from surface to a depth of 220 metres;

- The intersections include:

- 63.0 metres of 0.76% copper, 0.10 g/t gold and 11.48 g/t silver
including:

-6.8 metres of 3.90% copper, 0.43 g/t gold and 35.52 g/t silver;

- 84.0 metres of 0.54% copper, 0.08 g/t gold and 13.87 g/t silver
including:

-4.0 metres of 0.98% copper, 0.12 g/t gold and 25.40 g/t silver;

-20.0 metres of 0.96% copper, 0.13 g/t gold and 23.77 g/t silver; and

-2.0 metres of 4.59 % copper, 0.67 g/t gold and 0.13 g/t silver;

- 92.0 metres of 0.48% copper, 0.12 g/t gold and 19.03 g/t silver
including:

-27.0 metres of 0.74% copper, 0.19 g/t gold and 42.53 g/t silver; and

-14.0 metres of 1.00% copper, 0.19 g/t gold and 23.27 g/t silver.

- Molybdenum mineralization was intersected over a 300-metre strike length
including:

- 24.0 metres at 0.13% molybdenum (0.22% MoS2);

- 118.0 metres at 0.12% molybdenum (0.20% MoS2); and

- 102.0 metres at 0.05% molybdenum (0.08% MoS2).


La Noria Project

The La Noria Project is located approximately 60 kilometres northeast of Mazatlan in Sinaloa, Mexico (Figure 1) and falls under the Master Strategic Alliance Agreement (the "Master Agreement") between Kennecott Exploration Company ("Kennecott") and Geoinformatics as described below.

Geoinformatics is currently conducting a 3,300 metre drill program on four prospects, Azulitas, La Verde, Amarillito and East Copales, located in the western area of the La Noria Project (Figure 2). All four prospects have soil geochemistry anomalies greater than 1,000 parts per million copper. Geoinformatics has completed the initial drill program on the Azulitas Prospect with drilling continuing at the three other prospects through to the end of February 2007.

Results from drilling to-date have confirmed the lateral extents of the Azulitas Prospect, with the ore body remaining open at depth. Drilling will continue at the La Verde, Amarillito and East Copales Prospects in anticipation of identifying additional pipes within the system. Upon completion of this program, the drill rig will be moved to the El Naranjo Prospect to follow up on soil anomalies where copper averaged 1,000 ppm over 1.6 kilometres by 500 metres and rock chip samples returned grades as high as 1.47% copper, 6.79 g/t gold and 581 g/t silver.

To view the Figure 1 Location of La Noria Project map, please click on the following link: http://www.ccnmatthews.com/docs/geoinformaticsfig1.pdf.

Azulitas Prospect

The Azulitas Prospect is located in the western part of the La Noria claim block (Figure 2). In 2005, Kennecott completed five drill holes on the prospect. From late 2006 to early 2007, Geoinformatics completed 10 diamond drill holes and has confirmed a copper-silver mineralized envelope over a strike length of 300 metres to a depth of 220 metres and up to 100 metres wide. The deposit also contains a molybdenum mineralized envelope over a strike length of 300 metres to a depth of 150 metres and up to 50 metres wide.

The wide molybdenum intercepts (118 metres of 0.12%) combined with the copper, gold and silver results are indicative of a polymetallic system with the potential for a high value per tonne of ore. The mineralized envelope is still open at depth on at least one section of the footwall, with a high-grade intercept of 6.8 metres of 3.9% copper, 0.43 g/t gold and 35.52 g/t silver (Hole DDLN-06-01) at a down-hole depth of 210 metres.

To view the Figure 2 Location of identified prospects on the La Noria Project map, please click on the following link: http://www.ccnmatthews.com/docs/geoinformaticsfig2.pdf

Table 1 sets out the significant copper intercepts at Azulitas using 0.1% and 0.5% (highlighted) cut-offs. Table 2 sets out the significant molybdenum intercepts using a 0.01% cut-off. Figures 3 to 5 shows various plan, cross-sectional and longitudinal views of the mineralized envelope.

Other La Noria Prospects

Drilling is continuing at three other prospects, La Verde, East Copales and Amarillito, each within 3 kilometres of Azulitas, which have similar surface geochemical signatures to the Azulitas Prospect. Geoinformatics also intends to drill the El Naranjo Prospect located 9 kilometres east of Azulitas upon completion of the current program.

Qualified Persons

The technical content of this release has been provided by Dr. Nick Archibald (CP Geo/FAIMM) and Mr. Darren Holden (MAIMM) of Geoinformatics. Dr. Archibald and Mr. Holden are qualified persons as defined by National Instrument 43-101 and have 30 and 12 years of experience, respectively, in the minerals and exploration mining industry.

About Geoinformatics

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

The Company has entered into a Master Strategic Alliance Agreement (the "Master Agreement") with Kennecott Exploration Company 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 Master Agreement.

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 using a faster, less expensive and more reliable analytical methodology to resources exploration.

To view the Figure 3a Drill hole map, please click on the following link: http://www.ccnmatthews.com/docs/geoinformaticsfig3a.pdf.

To view the Figure 3b Drill hole plan map, please click on the following link: http://www.ccnmatthews.com/docs/geoinformaticsfig3b.pdf.

To view the Figure 4a Drill hole cross section map, please click on the following link: http://www.ccnmatthews.com/docs/geoinformaticsfig4a.pdf.

To view the Figure 4b Drill hole cross section map, please click on the following link: http://www.ccnmatthews.com/docs/geoinformaticsfig4b.pdf.

To view the Figure 5a Drill holes map, please click on the following link: http://www.ccnmatthews.com/docs/geoinformaticsfig5a.pdf.

To view the Figure 5b Drill holes map, please click on the following link: http://www.ccnmatthews.com/docs/geoinformaticsfig5b.pdf.



Table 1 Significant Copper Intercepts
(Intervals greater than 50 metres in length or 0.7% copper
are highlighted in yellow)

---------------------------------------------------------------------------
From To Interval Copper Gold Silver
Hole Number (metres) (metres) (metres) (%) (g/t) (g/t)
---------------------------------------------------------------------------
DDLN_06_01 12.00 16.00 4.00 0.18 0.15 6.75
---------------------------------------------------------------------------
142.45 156.45 14.00 0.20 0.03 7.96
----------------------------------------------------------------------------
162.45 225.45 63.00 0.76 0.10 11.48
---------------------------------------------------------------------------
including(i) 164.45 172.45 8.00 0.67 0.10 15.35
---------------------------------------------------------------------------
178.45 194.45 16.00 0.59 0.09 13.71
---------------------------------------------------------------------------
210.45 217.25 6.80 3.90 0.43 35.52
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_02 8.00 92.00 84.00 0.54 0.08 13.87
---------------------------------------------------------------------------
100.00 116.00 16.00 0.29 0.05 7.70
---------------------------------------------------------------------------
including(i) 24.00 28.00 4.00 0.98 0.12 25.40
---------------------------------------------------------------------------
52.00 72.00 20.00 0.96 0.13 23.77
---------------------------------------------------------------------------
88.00 90.00 2.00 4.59 0.67 97.20
---------------------------------------------------------------------------
106.00 108.00 2.00 1.41 0.21 43.90
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_03 31.00 39.00 8.00 0.09 less than 0.01 2.57
---------------------------------------------------------------------------
55.00 107.00 52.00 0.28 0.04 6.05
---------------------------------------------------------------------------
117.00 123.00 6.00 0.11 0.01 1.43
---------------------------------------------------------------------------
135.00 145.00 10.00 0.13 0.02 1.96
---------------------------------------------------------------------------
including(i) 87.00 97.00 10.00 0.75 0.10 18.40
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_04 10.69 21.00 10.31 0.13 less than 0.01 3.53
---------------------------------------------------------------------------
53.00 77.00 24.00 0.26 0.03 7.73
---------------------------------------------------------------------------
87.00 91.00 4.00 0.23 0.03 2.55
---------------------------------------------------------------------------
97.00 99.00 2.00 0.12 0.01 1.10
---------------------------------------------------------------------------
including(i) 69.00 71.00 2.00 0.69 0.09 9.50
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_06 33.00 45.00 12.00 0.30 0.05 5.77
---------------------------------------------------------------------------
including(i) 42.00 45.00 3.00 0.73 0.10 17.30
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_08 0.00 36.00 36.00 0.36 0.14 17.95
---------------------------------------------------------------------------
42.54 54.00 11.46 0.30 0.10 10.74
---------------------------------------------------------------------------
including(i) 18.00 22.00 4.00 0.68 0.08 39.25
---------------------------------------------------------------------------
28.00 30.00 2.00 0.93 0.04 30.90
---------------------------------------------------------------------------
46.00 48.00 2.00 0.63 0.49 49.20
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_09 0.00 92.00 92.00 0.48 0.12 19.03
---------------------------------------------------------------------------
100.00 160.00 60.00 0.31 0.05 5.70
---------------------------------------------------------------------------
including(i) 3.00 26.00 23.00 0.74 0.19 42.53
---------------------------------------------------------------------------
32.00 46.00 14.00 1.00 0.09 23.27
---------------------------------------------------------------------------
56.00 58.00 2.00 1.12 0.36 41.00
---------------------------------------------------------------------------
82.00 84.00 2.00 0.51 0.13 12.70
---------------------------------------------------------------------------
106.00 108.00 2.00 0.87 0.13 21.70
---------------------------------------------------------------------------
114.00 116.00 2.00 0.52 0.04 14.30
---------------------------------------------------------------------------
138.00 148.00 10.00 0.95 0.15 14.18
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_10 0.00 78.00 78.00 0.37 0.07 16.78
---------------------------------------------------------------------------
86.00 118.00 32.00 0.18 0.03 3.73
---------------------------------------------------------------------------
including(i) 16.00 26.00 10.00 0.90 0.08 45.44
---------------------------------------------------------------------------
52.00 54.00 2.00 1.00 0.15 28.40
---------------------------------------------------------------------------
88.00 90.00 2.00 0.57 0.05 13.80
---------------------------------------------------------------------------

Intercepts calculated using a 0.1% copper lower cut-off, minimum width of 1
metre and maximum internal dilution of 4 metres, except where highlighted
as a high grade intercept.
---------------------------------------------------------------------------

(i) High-grade intercepts (highlighted) calculated with a 0.5% copper lower
cut-off and 4-metre internal dilution.
---------------------------------------------------------------------------

Preparation for assaying for holes DDLN-06-01 and DDLN-06-10 involved
sawing the HQ diameter core in half, which was crushed at the ALS Chemex
laboratory in Hermosillo, Mexico, and analyzed at ALS Chemex laboratory in
Vancouver, Canada. Analysis by ALS Chemex Laboratory included gold fire
assay with atomic absorption (AA) finish on 30 gram sub-sample (AAAu23;
Chemex code); and 27 elements ICP analysis on a 0.5 gram sub-sample (ICP61;
Chemex code). Certified control standards, coarse field blanks and
duplicates are inserted into the sample stream to monitor laboratory
performance.
---------------------------------------------------------------------------


Table 2 Significant Molybdenum Intercepts
(Intervals greater than 50 metres in length or 0.1% Molybdenum are
highlighted in yellow)

---------------------------------------------------------------------------
From To Interval Molyb- MoS2 Copper Gold Silver
denum
Hole Number (metres) (metres) (metres) (%) (%) (%) (g/t) (g/t)
---------------------------------------------------------------------------
DDLN_06_01 192.45 194.45 2.00 0.03 0.05 0.85 0.07 14.50
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_02 10.00 60.00 50.00 0.03 0.05 0.44 0.06 12.29
---------------------------------------------------------------------------
68.00 70.00 2.00 0.02 0.03 1.07 0.21 28.30
---------------------------------------------------------------------------
84.00 88.00 4.00 0.03 0.05 0.39 0.05 11.95
---------------------------------------------------------------------------
106.00 110.00 4.00 0.03 0.05 0.77 0.12 23.15
---------------------------------------------------------------------------
including(i) 14.00 16.00 2.00 0.08 0.14 0.10 0.02 3.50
---------------------------------------------------------------------------
22.00 24.00 2.00 0.08 0.13 0.40 0.04 12.60
---------------------------------------------------------------------------
30.00 34.00 4.00 0.13 0.22 0.16 0.02 3.85
---------------------------------------------------------------------------

---------------------------------------------------------------------------
less
than
DDLN_06_03 37.00 39.00 2.00 0.42 0.70 0.13 0.01 3.60
---------------------------------------------------------------------------
47.00 71.00 24.00 0.13 0.22 0.13 0.01 2.87
---------------------------------------------------------------------------
81.00 97.00 16.00 0.04 0.06 0.53 0.08 13.01
---------------------------------------------------------------------------
including(i) less
than
37.00 39.00 2.00 0.42 0.70 0.13 0.01 3.60
---------------------------------------------------------------------------
53.00 71.00 18.00 0.17 0.28 0.16 0.02 3.60
---------------------------------------------------------------------------
81.00 85.00 4.00 0.06 0.10 0.21 0.05 3.10
---------------------------------------------------------------------------
95.00 97.00 2.00 0.06 0.11 1.05 0.14 24.60
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_04 10.69 77.00 66.31 0.03 0.05 0.13 0.01 3.92
---------------------------------------------------------------------------
97.00 99.00 2.00 0.02 0.04 0.12 0.01 1.10
---------------------------------------------------------------------------
including(i) 23.00 25.00 2.00 0.07 0.12 0.03 0.03 0.80
---------------------------------------------------------------------------
less
than
41.00 53.00 12.00 0.06 0.09 0.05 0.01 1.65
---------------------------------------------------------------------------
61.00 63.00 2.00 0.05 0.09 0.26 0.09 6.30
---------------------------------------------------------------------------
75.00 77.00 2.00 0.05 0.09 0.13 0.01 4.20
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_06 39.00 42.00 3.00 0.02 0.03 0.26 0.05 3.70
---------------------------------------------------------------------------
72.00 75.00 3.00 0.02 0.03 0.10 0.02 1.30
---------------------------------------------------------------------------
87.00 93.00 6.00 0.01 0.02 0.09 0.05 0.70
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_08 0.00 16.00 16.00 0.08 0.13 0.33 0.24 13.43
---------------------------------------------------------------------------
including(i) 0.00 14.00 14.00 0.08 0.14 0.34 0.27 14.04
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_09 0.00 118.00 118.00 0.12 0.20 0.41 0.10 16.52
---------------------------------------------------------------------------
134.00 136.00 2.00 0.01 0.02 0.04 0.01 0.90
---------------------------------------------------------------------------
146.00 152.00 6.00 0.02 0.03 0.51 0.12 7.67
---------------------------------------------------------------------------
including(i) 3.00 6.00 3.00 0.05 0.09 0.57 0.21 29.30
---------------------------------------------------------------------------
12.00 50.00 38.00 0.07 0.12 0.67 0.12 24.93
---------------------------------------------------------------------------
56.00 116.00 60.00 0.18 0.30 0.24 0.05 7.67
---------------------------------------------------------------------------

---------------------------------------------------------------------------
DDLN_06_10 0.00 102.00 102.00 0.05 0.08 0.36 0.06 13.57
---------------------------------------------------------------------------
110.00 120.00 10.00 0.04 0.07 0.14 0.02 3.36
---------------------------------------------------------------------------
including(i) 0.00 2.00 2.00 0.05 0.09 0.17 0.27 18.70
---------------------------------------------------------------------------
22.00 26.00 4.00 0.06 0.09 1.83 0.12 47.35
---------------------------------------------------------------------------
32.00 36.00 4.00 0.08 0.13 0.05 0.01 1.95
---------------------------------------------------------------------------
42.00 66.00 24.00 0.09 0.16 0.39 0.06 10.12
---------------------------------------------------------------------------
86.00 90.00 4.00 0.07 0.12 0.41 0.05 9.50
---------------------------------------------------------------------------
118.00 120.00 2.00 0.12 0.20 0.09 0.02 3.70
---------------------------------------------------------------------------

Intercepts calculated using a 0.01% molybdenum lower cut-off, minimum width
of 1 metre and maximum internal dilution of 4 metres, except where
highlighted as a high grade intercept.
---------------------------------------------------------------------------

(i) High-grade intercepts (highlighted) calculated with a 0.05% molybdenum
lower cut-off and 4-metre internal dilution.
---------------------------------------------------------------------------

Preparation for assaying for holes DDLN-06-01 and DDLN-06-10 involved
sawing the HQ diameter core in half, which was crushed at the ALS Chemex
laboratory in Hermosillo, Mexico, and analyzed at ALS Chemex laboratory in
Vancouver, Canada. Analysis by ALS Chemex Laboratory included gold fire
assay with atomic absorption (AA) finish on 30 gram sub-sample (AAAu23;
Chemex code); and 27 elements ICP analysis on a 0.5 gram sub-sample (ICP61;
Chemex code). Certified control standards, coarse field blanks and
duplicates are inserted into the sample stream to monitor laboratory
performance.
---------------------------------------------------------------------------


Table 3 Geoinformatics 2006/2007 Azulitas Drill Hole Details

-------------------------------------------------------------------
Hole_ID Easting Northing Elevation Dip Azimuth Depth
-------------------------------------------------------------------
DDLN_06_01 381896 2608315 180 -50 180 271.01
-------------------------------------------------------------------
DDLN_06_02 381889 2608166 185 -50 180 120.48
-------------------------------------------------------------------
DDLN_06_03 381805 2608170 212 -50 180 150
-------------------------------------------------------------------
DDLN_06_04 381698 2608164 247 -50 180 145.09
-------------------------------------------------------------------
DDLN_06_05 381600 2608145 255 -50 180 129.54
-------------------------------------------------------------------
DDLN_06_06 381999 2608237 165 -50 180 166.25
-------------------------------------------------------------------
DDLN_06_07 381350 2608100 298 -70 360 301.39
-------------------------------------------------------------------
DDLN_06_08 381780 2608100 220 -50 180 200.61
-------------------------------------------------------------------
DDLN_06_10 381734 2608093 250 -65 360 135.7
-------------------------------------------------------------------


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.
    Ms. Petra Decher
    President and CFO
    (416) 861-1300 x225
    Email: petrad@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, ON M5H 2S8
    (416) 861-1300
    (416) 861-1999 (FAX)
    Website: www.geoinformex.com