Geoinformatics Exploration Inc.

Published : March 10th, 2008

Reports Further Molybdenum-Copper-Silver Intersections from Surface at the Los Laurel

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SHAREHOLDER COMMUNICATIONS                                                              March 10, 2008

 

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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.

 

 

Geoinformatics Exploration Inc.

CODE : GXL.V
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Geoinformatics is a gold and copper exploration company based in Canada.

Geoinformatics is listed in Canada. Its market capitalisation is CA$ 1.1 millions as of today (US$ 853 600, € 713 525).

Its stock quote reached its highest recent level on January 11, 2008 at CA$ 0.42, and its lowest recent point on May 08, 2020 at CA$ 0.01.

Geoinformatics has 13 040 000 shares outstanding.

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Financings of Geoinformatics Exploration Inc.
7/16/2008SHAREHOLDERS APPROVE PRIVATE PLACEMENT AND SHARE CONSOLIDATI...
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3/10/2008(La Noria) Reports Further Molybdenum-Copper-Silver Intersections from...
2/25/2008(Whistler Alaska)Independent 43-101 Technical Report Filed on the Whistler Pr...
2/13/2008(La Noria)Geoinformatics announces a 43-101 compliant resource stateme...
1/30/2008(Whistler Alaska)Makes A Significant New Molybdenum Discovery in Mexico
Corporate news of Geoinformatics Exploration Inc.
11/4/2008New Discovery At Its Whistler Project in Alaska
8/1/2008BRIDGE FINANCING WITH GEOLOGIC RESOURCE PARTNERS LLC TO REPL...
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