Geoinformatics Exploration Inc.
TSX VENTURE : GXL

Geoinformatics Exploration Inc.

November 29, 2007 14:11 ET

Geoinformatics Receives Final Assay Results for 2007 Whistler Drilling

NI 43-101 Resource Estimation Underway

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2007) - Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce that it has received assay results for the final two holes from the 2007 drill program at the Whistler Project in Alaska.



Highlights:

- Wide mineralized gold intercepts were recorded in Hole 6 at the southern
end of the Main Zone:

- 236 metres grading 0.65 grams per tonne (g/t) gold and 0.12% copper.

- Wide mineralized gold intercepts with significantly higher copper grades
were recorded in Hole 7 at the northern end of the Main Zone:

- 15.5 metres grading 0.53 g/t gold and 0.55% copper, and

- 162.0 metres grading 0.45 g/t gold and 0.21% copper.

- All assays for the 2007 drilling have been received and the calculation
of a National Instrument (NI) 43-101 compliant resource estimate by
independent consultants has now commenced.


Whistler 2007 Drill Program Results - Holes 6 and 7

Geoinformatics has now received assay results for the remaining two holes of the 2007 drilling. Hole 6 (WH_07_06) and Hole 7 (WH_07_07) were drilled on the southern and northern ends of the Main Zone, respectively, as shown in the plan view appended to this release. Both holes hit substantial gold-copper mineralization.

Hole 6 recorded 236 metres of 0.65 g/t gold and 0.12% copper. Results from Hole 7 included, interestingly, a higher-grade copper zone with 15.5 metres grading 0.53 g/t gold and 0.55% copper followed by 162 metres grading 0.45 g/t gold and 0.21% copper.

The primary mineralized system identified to-date at the Whistler Project is a 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 extends to a depth of at least 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 entire results of the 2007 drilling are shown in Table 1.

Resource Estimation

SRK Consulting (Canada) Inc. ("SRK") has commenced independent geological modeling and a NI 43-101 compliant resource estimation on both the Whistler Zone and Main Zone. It is expected that the resource estimation and updated NI 43-101 report will be completed within three to six weeks.



Table 1. Mineralized intercepts for all assays received to-date for the
2007 season (WH-07-01 to WH-07-07) using 0.1 g/t gold, 0.3 g/t
gold and 1.0 g/t gold cut-offs.
---------------------------------------------------------------------------
Cutoff
based on
gold g/t
(minimum
10-metre
width
and max
20-metre
internal From To Width Gold Copper Silver
Hole ID dilution) (metres) (metres) (metres) (g/t) (%) (g/t)
---------------------------------------------------------------------------
WH_07_01(i) 0.1 6.0 113.4 107.4 0.38 0.19 1.18
---------------------------------------------------------------------------
Including 0.3 39.0 113.4 74.4 0.47 0.21 0.98
---------------------------------------------------------------------------

---------------------------------------------------------------------------
0.1 177.0 308.2 131.2 0.86 0.25 2.61
---------------------------------------------------------------------------
Including 0.3 182.0 308.2 126.2 0.89 0.26 2.67
---------------------------------------------------------------------------
1.0 182.0 217.0 35.0 1.30 0.44 3.67
---------------------------------------------------------------------------
1.0 289.0 308.2 19.2 1.91 0.39 3.05
---------------------------------------------------------------------------

---------------------------------------------------------------------------
WH_07_02 0.1 123.0 588.3 465.3 0.49 0.15 1.05
---------------------------------------------------------------------------
Including 0.3 132.0 367.0 235.0 0.44 0.13 0.65
---------------------------------------------------------------------------
Including 1.0 274.0 285.0 11.0 1.02 0.21 0.72
---------------------------------------------------------------------------
Including 0.3 399.0 501.0 102.0 0.98 0.26 1.35
---------------------------------------------------------------------------
Including 1.0 401.0 444.0 43.0 1.70 0.42 2.15
---------------------------------------------------------------------------

---------------------------------------------------------------------------
WH_07_03 0.1 296.0 675.4 379.4 0.36 0.11 0.74
---------------------------------------------------------------------------
Including 0.3 320.9 675.4 354.6 0.38 0.12 0.74
---------------------------------------------------------------------------

---------------------------------------------------------------------------
WH_07_04 0.1 7.0 279.0 272.0 0.58 0.25 1.85
---------------------------------------------------------------------------
Including 0.3 20.3 259.0 238.7 0.64 0.27 1.97
---------------------------------------------------------------------------
Including 1.0 41.0 105.0 64.0 1.08 0.40 3.05
---------------------------------------------------------------------------
Including 1.0 183.0 193.0 10.0 1.13 0.30 2.00
---------------------------------------------------------------------------

---------------------------------------------------------------------------
WH_07_05 0.1 3.0 53.0 50.0 0.16 0.11 1.14
---------------------------------------------------------------------------

---------------------------------------------------------------------------
0.1 80.0 283.6 203.6 0.75 0.15 2.43
---------------------------------------------------------------------------
Including 0.3 100.0 280.0 180.0 0.84 0.16 2.48
---------------------------------------------------------------------------
Including 1.0 184.0 238.0 54.0 1.52 0.16 3.52
---------------------------------------------------------------------------
Including 1.0 261.0 274.0 13.0 0.99 0.15 1.32
---------------------------------------------------------------------------

---------------------------------------------------------------------------
0.1 304.0 327.0 23.0 0.20 0.04 1.97
---------------------------------------------------------------------------

---------------------------------------------------------------------------
WH_07_06 0.1 274.0 536.0 262.0 0.60 0.17 1.96
---------------------------------------------------------------------------
Including 0.3 280.0 516.0 236.0 0.65 0.16 1.90
---------------------------------------------------------------------------

---------------------------------------------------------------------------
WH_07_07 0.1 23.0 339.0 316.0 0.31 0.19 1.61
---------------------------------------------------------------------------
Including 0.3 43.0 58.5 15.5 0.53 0.55 2.13
---------------------------------------------------------------------------
Including 0.3 121.0 283.0 162.0 0.45 0.21 1.70
---------------------------------------------------------------------------

The Main Zone is interpreted to be dipping vertically to 80 degrees to the
west. Therefore true width is approximately 55% to 70% of the drill
intercept widths depending on drill-angle. (i)Hole WH_07_01 ended in
mineralization.


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 are calculated using separate cut-offs of 0.1 g/t gold, 0.3 g/t gold and 1.0 g/t gold.

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, B.C. 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 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 geoscience 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, available on the Company's website, 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 NI 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 the Stockton Project in Utah which has a large identified copper-gold porphyry 15 km. from the Bingham Canyon Mine and several other advanced projects in British Columbia, 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.

To view the Projected Plan View and Drill Hole Details, please visit the following link: http://www.ccnmatthews.com/docs/gxl1129.pdf

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