SHAREHOLDER
COMMUNICATIONS
March
10, 2008
This message is best viewed in HTML
mode.
Dear Geoinformatics
Shareholders and Interested Parties:
Geoinformatics Reports Further Molybdenum-Copper-Silver
Intersections from Surface at the Los Laureles Prospect
We are excited
to announce today that we have intersected additional widespread mineralization
in the fourth and fifth holes drilled on the Los Laureles Prospect at the La
Noria Project in the State of Sinaloa, Mexico.
These holes have extended the strike-length and helped to better determine the
shape of the mineralized system. You can view the full press release here:
http://www.geoinformex.com/news/PR%20Los%20Laureles%20March%2010%202008%20Final.pdf
On January
30, 2008, we announced the results from the first three holes of the program
which included an intersection of 107 metres grading 0.12% molybdenum (0.20%
MoS2), 0.14% copper and 11.9 g/t silver.
Hole 5 was the better of the two
holes reported today intersecting:
- 96 metres grading 0.07% molybdenum (0.12% MoS2);
0.26% copper, and 12.6 g/t silver,
including a
higher-grade intercept of:
- 35 metres grading 0.64% copper, 0.10%
molybdenum (0.17% MoS2).
Hole 4 was drilled roughly parallel
to a fault (which was observed in the excavated drill-site at surface) which
controls the northeastern boundary of the higher grade mineralization (see
schematics below). The drill hole remained in the fault zone for its
entire length and hence did not test the main part of the mineralization but
still intersected:
- 51 metres grading 0.24% copper and 6.6g/t silver,
and
- 24 metres grading 0.42% copper and 10.6 g/t silver. ol
As these are the final holes in the
current program at Los Laureles, it is worth emphasizing the importance of the
Los Laureles Prospect within the context of the entire La Noria Project.
Firstly, what is Los Laureles?
As can be seen from the schematics below, Los Laureles is a mineralized breccia
system that forms part of a topographic ridge. The mineralized zone has a
drill-identified strike length of at least 400 metres, widths up to 100 metres,
and a depth of 320 metres. The mineralized breccia zone comes broadly to
surface and is open along strike and at depth based on the current extent of
drilling. Surface geochemistry and geological mapping suggest that the
strike length may exceed 750 metres with a surface width of 180 metres.
However, the true extent of the system will need to be defined by further
drilling.
The drill holes, as
can be seen from the first schematic, have been drilled in two opposite
orientations, northeast to southwest and vice versa to give us an initial
assessment of the geometry (dip and width) of the system.
Schematic
map and plan view of the drilling to-date and the extents of the breccia zones.
Holes 1 and 2 intersected small
sections of the mineralized zone at depth as shown in the schematic
cross-section below. Hole 3 was drilled into the main zone of the
breccia, now appearing to have been drilled “down dip”.
However, significantly, it was mineralized from surface over 107 metres until
the hole was lost in mineralization.
Schematic
cross-section A-A’ between holes 2 and 5.
Holes 4 and 5 were
drilled as step-out holes to refine our understanding of the geometry and
distribution of grade of the breccia system. Hole 4 was drilled on a
similar orientation to Hole 3, but started within the footwall fault
zone. It stayed largely within the fault zone and did not intersect the
main part of the mineralized system consistently, but did return several
notable intercepts including 51 metres grading 0.24% copper and 6.6 g/t silver
and 24 metres of 0.42% copper and 10.6 g/t silver.
Hole 5 was drilled
in the opposite direction perpendicular to the dip of the breccia zone. It had
several long mineralized intersections from surface, which gives us a better
assessment of the width of the main mineralized zone. It had a 96-metre
section grading 0.07% molybdenum (0.12% MoS2), 0.26% copper and 12.6
g/t silver (including a higher-grade zone of 35 metres of 0.64% copper and
0.10% molybdenum (0.17% MoS2)) followed by a lesser-grade zone of 26
metres (see Table 1 in the press release) before hitting the footwall fault at
approximately 140 metres.
Based on surface mapping and
geochemical sampling, the Los Laureles system appears to be larger (an area of
some 750 metres by 180 metres) than the extent of the breccia established from
the drilling to-date. Further step-out drilling is needed to establish
the extent of the mineralized system. However, it does appear that Los Laureles
has the potential to be several times the size of the Azulitas system (also
part of La Noria) at comparable grades in terms of in situ value per tonne of rock. We announced recently
that Azulitas has a NI 43-101-compliant Inferred Resource of 5.63 million
tonnes grading 0.54% copper, 12.2 g/t silver, 0.08 g/t gold and 0.04%
molybdenum which includes a higher grade molybdenum zone containing 1.89
million tones grading 0.09% molybdenum.
Looking at the bigger picture at La
Noria, Los Laureles is just one of five mineralized systems discovered to-date
on the 149 sq. km. of this project, which lies 60 km. northeast of the major
port city of Mazatlan in the State of Sinaloa, Mexico.
The area is well serviced with power and roads.
The five prospects, including Los
Laureles, all lie within 10 km. of each other, and are generally characterized
by potentially exploitable grades of molybdenum, copper and silver. The
mineralization discovered at all of these prospects comes to surface, and, hence,
they all represent candidates for open pit operations. Please see
today’s press release for more detail on the other discoveries.
In addition to these prospects, we
recently began reconnaissance on an as yet un-named prospect approximately 3
km. south of Los Laureles. There are other geophysical and geochemical
targets yet to be fully evaluated and drilled, all attesting to the untapped
potential of the La Noria Project area.
Our current plan is to prove up as
many of these mineralized zones as possible into NI 43-101-compliant resources
with the overall objective of advancing the entire project to an early
development decision based on an integrated mining operation producing a
high-value concentrate for Mexican smelters or shipment through the port of Mazatlan.
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
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.