TORONTO, ONTARIO ("Geoinformatics" or the "Company") is pleased
to announce that its joint venture partner, Azure Minerals Ltd.
("Azure") (ASX: AZS) recently reported widespread zinc, silver and
gold mineralization from drilling on the Los Chinos Project in the
State of Sonora, Mexico. Los Chinos is one of 13 projects in a
joint venture between Azure (51%) and Geoinformatics (49%).
Highlights
Assay results have been received for nine drill holes of an
initial 12-hole program on the property, all of which intersected
anomalous to high-grade base and precious metal mineralization.
- LCH-DD-008 - 4 metres grading 7.1% zinc within a broader zone
of 13 metres @ 2.7% zinc.
- LCH-DD-007 - 5 metres grading 5.6% zinc & 2 metres grading
155 gram/tonne (g/t) silver within a broader zone of 20 metres @
1.9% zinc.
- LCH-DD-010 - 22 metres grading 1.40% zinc from near surface
within a broader zone of 41 metres grading 1.0% zinc.
- LCH-DD-009 - 14 metres grading 1.53% zinc within a broader
zone of 62.5 metres grading 0.6% zinc
- LCH-DD-005 - 4 metres grading 2.2% zinc, 236 g/t silver, 1.0%
copper & 0.7 g/t gold.
- LCH-DD-001 - 3 metres grading 1.5% lead, 355 g/t silver &
2.4 g/t gold.
The Los Chinos Project and Drill Program
The Los Chinos Project ("Los Chinos") is located approximately
80 kilometres north-northeast of the city of Hermosillo in the
State of Sonora, Mexico (Figure 2). Geoinformatics staked Los
Chinos in 2007 based on its regional technology-based targeting
techniques. Los Chinos has potential for both
copper-gold-molybdenum porphyry-type deposits and peripheral
replacement-style base metal mineralization. Geoinformatics offered
the property to the joint venture under the terms of the regional
joint venture agreement.
In the first drilling on the property, totaling 1,561 metres,
Azure targeted a series of outcropping carbonate replacement and
breccia zones in the northwestern part of the property with
oxidized profiles. These zones are interpreted to represent the
near-surface weathered expression of polymetallic sulphide bodies,
where the mineralization has selectively replaced susceptible
horizons within the volcano-sedimentary sequence. As a result of
oxidation and remobilization of base metals during the weathering
process, the deeper intercepts contain higher grades of zinc and
lead because of the presence of primary sulphides (sphalerite and
galena).
The successful program had all nine holes (assayed to-date)
intersect anomalous to high-grade base metals (zinc, lead and
copper) and precious metal mineralization over significant widths
from near-surface to drilled depths of over 130 metres. Both silver
and gold occurs within the base metal mineralization, occasionally
in very high grades.
To view Figure 1. Los Chinos drill hole locations, interpretive
geology, and soil sampling contours please visit the following
link: http://media3.marketwire.com/docs/gxlfig1.pdf.
Numerous mineralized horizons on the property point to an
extensive system with the potential to host significant deposits of
high-grade primary sulphide mineralization. The joint venture
partners intend to interpret these drill results, and analyze and
model a recently completed geophysical survey before launching a
second-phase drill program.
Appendix 1 includes all significant drill hole intercepts
received to-date.
Geoinformatics in Mexico
Los Chinos is one of 13 projects held under a joint venture
between Geoinformatics and Azure (operator). Azure recently
completed an initial exploration expenditure of US$4 million on all
joint-venture properties to earn 51% with Geoinformatics retaining
the remaining 49%. All of the Azure Joint Venture properties are
located within the highly prospective Sierra Madre Occidental of
Sonora, Mexico that hosts world-class deposits such as Penasaquito
(zinc-copper-gold-silver); and Cananea (copper-gold).
In addition to the Azure Joint Venture, Geoinformatics holds
100%-owned mineral exploration licenses on a further nine
properties in Sonora.
Geoinformatics also owns a 100% interest in the La Noria Project
in the State of Sinaloa. Mexico. The Company recently announced a
National Instrument (NI) 43-101-compliant resource at the Azulitas
Prospect ("Azulitas") and a new molybdenum-copper-silver discovery
at the Los Laureles Prospect near Azulitas.
To view Figure 2. Geoinformatics interests in Sonora, Mexico
please visit the following link:
http://media3.marketwire.com/docs/rgxlfig2.pdf.
Qualified Persons
The technical content of this release has been compiled by Mr.
Darren Holden, Executive Vice President of Geoinformatics, and is
based on information supplied by Azure's Exploration Manager - Mr.
Pat Manouge. Mr. Holden and Mr. Manouge are both Members of the
Australasian Institute of Mining and Metallurgy (MAusIMM) and are
qualified persons as defined by NI 43-101 guidelines.
Kennecott - Geoinformatics Alliance Agreement
Los Chinos and Geoinformatics' other Mexican interests 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. Kennecott retains a back-in right to acquire either a
51% or 60% interest in projects under the Alliance Agreement.
Please refer to Geoinformatics' press-release dated August 14,
2006, for further information.
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 NI
43-101-compliant mineral resource estimate with 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. The Indicated category contains 30
million tonnes grading 0.87 g/t gold, 2.46 g/t silver and 0.24%
copper and the Inferred category contains 155 million tonnes
grading 0.62 g/t gold, 2.15 g/t silver and 0.19% copper.
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,
Sinaloa, Mexico and British Columbia. 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 recent securities filings available at
www.sedar.com. 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.
Appendix 1.
TABLE 1: SIGNIFICANT DRILL INTERCEPTS - LOS CHINOS PROJECT
----------------------------------------------------------------------------
DRILL FROM TO INTERVAL SILVER ZINC LEAD COMMENTS
HOLE (metres) (metres) (metres) (g/t) (%) (%)
----------------------------------------------------------------------------
LCH-DD-001 0.0 11.0 11.0 126 0.37 0.60
----------------------------------------------------------------------------
Incl.: 3 metres
Including (i) 2.0 5.0 3.0 355 0.38 1.54 @ 2.39 g/t gold
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LCH-DD-002 41.0 46.0 5.0 28 1.04 0.53
----------------------------------------------------------------------------
129.0 131.0 2.0 20 1.52 0.25
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LCH-DD-003 7.0 9.0 2.0 81 0.21 0.69
----------------------------------------------------------------------------
Incl.: 5 metres
26.0 31.0 5.0 55 1.54 0.66 @ 0.18 g/t gold
----------------------------------------------------------------------------
70.0 73.0 3.0 14 4.23 0.38
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Incl.: 8 metres
LCH-DD-005 0.0 8.0 8.0 146 1.48 0.57 @ 0.41 g/t gold
----------------------------------------------------------------------------
Incl.: 4 metres
@ 1.0% copper &
4 metres @ 0.69
Including (i) 4.0 8.0 4.0 236 2.17 0.77 g/t gold
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Wide zone of
LCH-DD-006 0.0 78.0 78.0 0.24 anomalous zinc
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LCH-DD-007 47.0 67.0 20.0 37 1.94 0.61
----------------------------------------------------------------------------
Including (i) 51.0 56.0 5.0 18 5.61 0.99
----------------------------------------------------------------------------
Incl.: 1 metres
Including (i) 52.0 54.0 2.0 13 9.65 1.43 @ 11.2% zinc
----------------------------------------------------------------------------
Incl.: 2 metres
@ 155 g/t silver
& 5 metres @
Including (i) 61.0 66.0 5.0 78 1.28 0.35 0.23 g/t gold
----------------------------------------------------------------------------
Including (i) 61.0 63.0 2.0 28 1.74 0.47
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LCH-DD-008 16.0 36.0 20.0 17 1.86 0.47
----------------------------------------------------------------------------
Incl.: 13 metres
Including (i) 16.0 29.0 13.0 17 2.69 0.51 @ 0.13 g/t gold
----------------------------------------------------------------------------
Incl.: 1 metre @
Including (i) 18.0 22.0 4.0 17 7.13 0.66 14.2% zinc
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Wide zone of
LCH-DD-009 5.0 67.5 62.5 0.58 anomalous zinc
----------------------------------------------------------------------------
Incl.: 1 metre @
5.80% zinc &
1 metre
Including (i) 8.0 22.0 14.0 23 1.53 1.16 @ 7.93 lead
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Wide zone of
LCH-DD-010 3.0 44.0 44.0 20 1.40 0.96 anomalous zinc
----------------------------------------------------------------------------
Including (i) 3.0 25.0 22.0 13 0.97 0.57
----------------------------------------------------------------------------
Intercepts were calculated with a minimum 2-metre width and 8-metre internal
dilution and a 0.1% zinc cutoff, except where indicated with (i) where
intercepts were calculated with a minimum 2-metre width and 8-metre internal
dilution and 0.5% zinc cutoff. Samples were all half-core. Sample
preparation was undertaken by ALS-Chemex (Hermosillo) and analyzed by
ALS-Chemex (Vancouver) using ICP-AES (for silver and base metals) and Fire
Assay / AAS (for gold) methods. Note - these holes are initial
reconnaissance drilling and structural geometry and true-width is yet to be
established.
Assays not yet received for LCH-DD-011, LCH-DD-012 and LCH-DD-004.
TABLE 2: DRILL HOLE DETAILS - LOS CHINOS PROJECT
----------------------------------------------------------------------------
Hole
Hole No North East RL Dip Azimuth Length
(mN) (mE) (mASL) (metres)
----------------------------------------------------------------------------
LCH-DD-001 3 293 972 548 539 742 -60 degrees 150 degrees 79
----------------------------------------------------------------------------
LCH-DD-002 3 293 927 548 485 743 -60 degrees 150 degrees 178
----------------------------------------------------------------------------
LCH-DD-003 3 293 979 548 450 752 -60 degrees 150 degrees 169
----------------------------------------------------------------------------
LCH-DD-004 3 294 220 548 780 745 -60 degrees 120 degrees 110
----------------------------------------------------------------------------
LCH-DD-005 3 294 065 548 660 770 -60 degrees 060 degrees 85
----------------------------------------------------------------------------
LCH-DD-006 3 293 927 548 794 745 -60 degrees 140 degrees 108
----------------------------------------------------------------------------
LCH-DD-007 3 293 923 548 702 736 -60 degrees 135 degrees 100
----------------------------------------------------------------------------
LCH-DD-008 3 294 310 548 569 751 -60 degrees 340 degrees 67
----------------------------------------------------------------------------
LCH-DD-009 3 294 329 546 980 737 -60 degrees 330 degrees 148
----------------------------------------------------------------------------
LCH-DD-010 3 294 323 547 111 757 -60 degrees 360 degrees 153
----------------------------------------------------------------------------
LCH-DD-011 3 293 990 548 795 761 -60 degrees 150 degrees 159
----------------------------------------------------------------------------
LCH-DD-012 3 293 960 548 681 760 -60 degrees 135 degrees 203
----------------------------------------------------------------------------
Datum equals NAD27 UTM Zone 12.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Geoinformatics Exploration Inc. Dr. Nick Archibald
Executive Vice-Chairman and CEO (416) 861-1300 x224 Email:
nicka@geoinformex.com Geoinformatics Exploration Inc. Mr. Darren
Holden Executive Vice President, Operations (604) 605-3073 x101
Email: darrenh@geoinformex.com Geoinformatics Exploration Inc.
(Toronto) 330 Bay Street, Suite 1109 Toronto, Ontario M5H 2S8
Geoinformatics Exploration Inc. (Vancouver) 700 West Pender Street,
Suite 304 Vancouver, British Columbia V6C 1G8 Website:
www.geoinformex.com
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