Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.

January 30, 2008 15:12 ET

Geoinformatics Makes Molybdenum-Copper-Silver-Gold Discovery in Mexico

High-grade molybdenum intersection includes: 107 metres @ 0.12% molybdenum (0.20% MoS2)

TORONTO, ONTARIO--(Marketwire - Jan. 30, 2008) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce that it has received assay results from the first three drill holes at the Los Laureles Prospect ("Los Laureles") on its La Noria Project in Sinaloa, Mexico. The results confirm the discovery of a new poly-metallic system, near the Company's previously announced Azulitas discovery.


- Hole 3 intersected 107 metres grading 0.12% Molybdenum (0.20% MoS2), 0.14% copper, 0.08 grams per tonne (g/t) gold and 11.91 g/t silver;

and included a higher-grade copper-gold-silver intercept of 8 metres grading 0.84% copper, 0.27 g/t gold and 56.5 g/t silver.

The hole ended in mineralization.

- Holes 1 and 2 also intersected high-grade mineralized breccias:

Hole 1: 12 metres grading 0.18% molybdenum (0.30% MoS2), 0.36% copper, 0.31g/t gold and 10.8 g/t silver.

Hole 2: 8 metres grading 0.23% molybdenum (0.38% MoS2), 0.31% copper, 0.10 g/t gold and 9.7 g/t silver.

- The three drill holes were widely spaced (See Figure 1) and indicate a mineralized strike-length of at least 400 metres, a vertical extent of at least 200 metres and drilled widths of between 10 metres and 107 metres.

- Two additional holes drilled in the same area have assay results pending, but the drill core shows wide breccia intercepts and visible mineralization.

Los Laureles Prospect

Los Laureles is located entirely within Geoinformatics' La Noria Project and is approximately 10 km. east of the Company's Azulitas discovery with its previously announced mineralized drill intercepts. The target was identified initially through processing of reconnaissance geochemistry and geophysical data. Mapping and surface sampling revealed extensive soil geochemistry anomalies associated with magnetite-quartz and tourmaline breccias bodies. The soil anomalies are over 1 kilometre long by 600 metres wide (See Figure 1) with copper greater than 1,000 parts per million (ppm), molybdenum greater than 100 ppm, and silver greater than 3 ppm.

The discovery holes at Los Laureles are part of a 5-hole reconnaissance program. Holes 1 and 2 (DDLL_07_01 & 02) were drilled from the valley floor and angled underneath a portion of the copper soil anomaly and intersected relatively narrow tourmaline breccias with 8 to 12 metres of mineralization. Hole 3 was drilled from the top of a ridge and intersected 107 metres of mineralized breccia. All holes contain visible chalcopyrite (CuFeS2) and molybdenite (MoS2). Hole 3 was stopped before its planned depth due to drilling problems, but ended in anomalous mineralization.

The full geometry of the mineralization has not yet been established, but the drilling has identified a strike length of at least 400 metres and drilled widths ranging from 8 to 12 metres at depth, which increases to over 100 metres closer to the surface.

Holes 4 and 5 are currently being logged before being submitted for laboratory assays. Each hole shows wide intercepts (greater than 100 metres) of breccia with chalcopyrite and molybdenite observed in both holes.

To view Figure 1 of the La Noria project, please visit the following link:

Table 1. Los Laureles drill intercepts from the first three holes

From To Interval denum MoS2 Copper Gold Silver
Hole (metres) (metres) (metres) (%) (%)(1) (%) (g/t) (g/t)
DDLL_07_01 200.0 212.0 12.0 0.18 0.30 0.36 0.31 10.79

DDLL_07_02 226.0 234.0 8.0 0.23 0.38 0.31 0.10 9.66
DDLL_07_02 245.0 247.0 2.0 0.10 0.17 0.50 0.07 16.35

DDLL_07_03 0.0 107.0 107.0 0.12 0.20 0.14 0.08 11.91
including(i) 6.8 77.0 70.2 0.17 0.28 0.13 0.11 15.84
including(ii) 61.0 108.0 47.0 0.05 0.08 0.29 0.07 12.99
including(iii) 69.0 77.0 8.0 0.11 0.18 0.84 0.27 56.50

All assays based on half sawn drill core; shipped to ALS Chemex in Hermosillo, Mexico for preparation and then to ALS Chemex Laboratory in Vancouver, Canada, for fire assay for gold (AAu2) and 4-acid digest ICP-AES (MEICP-61).

This program is reconnaissance drilling, and the orientation of mineralized structures is yet to be established; hence true-width cannot be estimated at this time.

Note 1: MoS2 is NOT an assay field, but is calculated by multiplying molybdenum % by 1.6681.

All intervals calculated using a minimum 1-metre width and 4-metre internal dilution and based on a cut off of 0.01% molybdenum except where indicated with:

(i) Calculated with minimum 1-metre width and 4-metre internal dilution using a 0.04% molybdenum cut-off.

(ii) Calculated with minimum 1-metre width and 4-metre internal dilution using a 0.1% copper cut-off.

(iii) Calculated with minimum 1-metre width and 4-metre internal dilution using a 0.5% copper cut-off.

La Noria Project

The La Noria project is located approximately 60 km. northeast of Mazatlan in the State of Sinaloa, Mexico. Geoinformatics has been exploring this property since May 2006. The project constitutes an area of mineral claims and option agreements approximately 20 km. by 8 km. Geoinformatics has previously announced positive drill results from several prospects on the project area including:

Azulitas Prospect: Drilling confirmed mineralization over a strike length of 300 metres to a depth of at least 220 metres with previously reported intersections including 63 metres of 0.76% copper, 0.10g/t gold, and 11.48 g/t silver.

La Verde Prospect: Drilling confirmed 76 metres grading 0.32% copper, 0.04 g/t gold and 7.22 g/t silver.

Amarillito Prospect: Drilling confirmed 56 metres of 0.27% copper, 0.03g/t gold and 9.65 g/t silver.

To view Figure 2 of the La Noria project, please visit the following link:

Geoinformatics' current objective on this property is to locate several additional economic near-surface ore systems that could be integrated into a single mining operation. The La Noria project is located in low-rolling hills intersected by numerous roads and tracks and serviced with existing electricity with a new hydro-electric dam being constructed approximately 14 km. from the project. The project is accessible for most of the exploration year. The project is only 60 km. from the port facilities of Mazatlan and 35 km. from a main rail-line.

The La Noria project is subject to the Kennecott-Geoinformatics Alliance Agreement discussed below.

Table 2. Drill hole details (All coordinates in NAD27 UTM 13)

Hole_ID X Y Z Depth Dip Azimuth
DDLL_07_01 391827 2608782 366.01 289.85 -50 40
DDLL_07_02 391574 2608867 335.03 285.9 -50 40
DDLL_07_03 391699 2609306 436.83 109.3 -50 220
DDLL_07_04 391955 2609306 437 290 -45 220
DDLL_07_05 391770 2609100 420 350(a) -50 45
(a) Planned depth, drilling currently in progress

Qualified Person

The technical content of this release has been compiled by Darren Holden, MAusIMM, Executive Vice President, Operations, of Geoinformatics. Mr. Holden is a Qualified Person as defined by National Instrument 43-101.

About Geoinformatics

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

The Company recently announced an independent 43-101 compliant mineral resource estimate comprising an Indicated Resource of 840,000 ounces of gold and an Inferred Resource of 2.7 million ounces on the initial discovery zone at the Whistler Project in southern Alaska. Significant copper and silver mineralization increases the Indicated gold-equivalent mineral resource to 1.3 million ounces and the Inferred mineral resource to 4.4 million ounces.

Geoinformatics is also actively exploring several advanced projects located in Utah, the Cortez Trend region of Nevada, and British Columbia. 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.

Kennecott - Geoinformatics Alliance Agreement

The La Noria Project mentioned in this press release fall under the Master Strategic Alliance Agreement (the "Alliance Agreement") between Geoinformatics and Kennecott Exploration Company. The Company entered into the Alliance Agreement effective March 2006 under which it has been using its proprietary geo-science and technology platform (the "Geoinformatics Process") to successfully identify, prioritize and drill more than 30 exploration drill targets over the initial two years of the Agreement. La Noria was acquired by Geoinformatics as a target-of-merit under the Alliance Agreement, and Kennecott retains a back-in right to acquire either a 51% or 60% interest. Please refer to Geoinformatics' press-release dated August 14, 2006, for further information.

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 recent securities filings available at Actual events or results may differ materially from those projected in the forward looking-statements and Geoinformatics cautions against placing undue reliance thereon. Neither Geoinformatics nor its management assumes any 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.
    330 Bay Street, Suite 1109
    Toronto, Ontario M5H 2S8
    Geoinformatics Exploration Inc.
    Darren Holden
    Executive Vice President, Operations
    (604) 605-3073 x101
    Geoinformatics Exploration Inc.
    700 West Pender Street, Suite 304
    Vancouver, British Columbia V6C 1G8