SHAREHOLDER
COMMUNICATIONS
January 30, 2008
Dear Geoinformatics Shareholders and
Interested Parties:
Geoinformatics Makes A Significant New Molybdenum Discovery
(Yep Another One! – but this time in Mexico
with 107 metres grading 0.12% molybdenum (0.20% MoS2),
0.14% copper, 0.08 g/t gold and 11.8 g/t silver)
Our last
Shareholder Communication introduced a molybdenum porphyry discovery in British Columbia (the Falcon Prospect) and the one before
that presented a new multi-million ounce 43-101-compliant gold resource at the
Whistler Project in Alaska.
Part of Geoinformatics’ portfolio approach to minerals exploration means
we balance the shorter exploration seasons in northern latitudes with
exploration in the Lower 48 states and Mexico during the winter.
Following on the landmark Whistler announcement and the Falcon discovery, we
are proud to announce a new and potentially significant molybdenum-copper-silver-gold discovery on our Los
Laureles Prospect in Sinaloa,
Mexico.
The full press-release is available for download at:
http://www.geoinformex.com/news/PR%20LosLaureles%20January%2030%202008%20Final.pdf
Los Laureles is located entirely
within our La Noria Project in the
prospective Sierra Madre in the State of Sinaloa,
approximately 60 km. northeast of the port of Mazatlan.
Geoinformatics has previously reported positive and wide mineralized intercepts
from several other targets in this large project area. The La Noria area is
well serviced with existing power and road infrastructure.
So far we have received assay
results on the first three holes at Los Laureles. We have a further two
holes that are currently being completed, (core) logged and submitted for
assays.
Ø Hole 3 intersected 107 metres grading 0.12% molybdenum (0.20% MoS2);
0.14% copper, 0.08 g/t gold and 11.9 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! (due to a drilling problem)
Ø Holes 1 and 2 also intersected high-grade mineralized breccias:
Hole 1: 12 metres grading 0.18% molybdenum (0.30% MoS2);
0.36% copper, 0.31 g/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 Los Laureles
discovery is yet another confirmation of our integrated team approach to
exploration. Geoscientists on opposite sides of the globe combined
geophysical and legacy reconnaissance data to highlight areas of interest. This
analysis was followed by our highly mobile and dedicated Mexican ground team
who located small outcrops of mineralized breccia hidden in the bush-clad
rolling hills in the east of our project area and immediately commenced a soil
sampling program. The soil anomalies are over 1 kilometre long by 600 metres
wide (Figure 1) with copper greater than 1,000 parts per million (ppm),
molybdenum greater than 100 ppm, and silver greater than 3 ppm. Following the
soil geochemistry we mobilized a drill rig with the results for the first 3
holes shown in Table 1 below.
The host rock at Los Laureles is
principally equigranular granodiorite, but this has been transected with
several hydrothermal breccia phases with magnetite-quartz breccia and
tourmaline breccia. At this stage, we do not know the full extents or
geometry of the system, but we can confirm that both holes 4 and 5 that have
pending assay results intersected more than 100 metres of breccia. Chalcopyrite
(CuFeS2) and molybdenite (MoS2) was observed in both of
the pending holes. Preliminary work suggests the mineralized zone has a
strike length of at least 400 metres, a vertical extent of 200 metres and
widths of 8 to 12 metres in the lower parts to greater than 100 metres in
higher parts of the system.
Should you require any further
information, please do not hesitate to contact me.
Kind regards,
Darren Holden
Executive Vice President- Operations
Geoinformatics Exploration Inc.
www.geoinformex.com
Figure
1. Drill hole locations with intercepts and soil sampling contours
Table
1. Los Laureles drill
intercepts from the first three holes
Hole
|
From
(metres)
|
To
(metres)
|
Interval
(metres)
|
Molybdenum
(%)
|
MoS2
(%)1
|
Copper
(%)
|
Gold
(g/t) |
Silver
(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 (*)
|
6.8
|
77.0
|
70.2
|
0.17
|
0.28
|
0.13
|
0.11
|
15.84
|
including (**)
|
61.0
|
108.0
|
47.0
|
0.05
|
0.08
|
0.29
|
0.07
|
12.99
|
including (***)
|
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:
(*) Calculated
with minimum 1-metre width and 4-metre internal dilution using a 0.04%
molybdenum cut-off.
(**) Calculated
with minimum 1-metre width and 4-metre internal dilution using a 0.1% copper
cut-off.
(***) Calculated
with minimum 1-metre width and 4-metre internal dilution using a 0.5%
copper cut-off.
This letter and
the accompanying news release includes certain forward-looking statements
concerning the future performance of Geoinformatics’ business and
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 Geoinformatics’ 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.