Geoinformatics Exploration Inc.

Published : April 01st, 2008

Update on the Redton Project in B.C. and Our Neighbour Releases a Highly Encouraging Drill Hole

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SHAREHOLDER COMMUNICATIONS                                                                  April 1, 2008

 

Dear Geoinformatics Shareholders and Interested Parties:

 

Update on the Redton Project in B.C. and

Our Neighbour Releases a Highly Encouraging Drill Hole

 

Tomorrow, Darren Holden, our Executive Vice President, Operations, will be presenting at the Kamloops Exploration Group Convention in Kamloops, British Columbia.  He will be discussing how our approach to mineral exploration, which we call the Geoinformatics Process, is substantially compressing the time from project generation to drill hole discovery and increasing drill success rates.  In particular, he will focus on our Falcon molybdenum discovery in B.C. announced on January 24, 2008, as an example. As many of you will not be at the Kamloops Convention, we thought it a good opportunity to provide an update on our programs in British Columbia in the Northern Quesnel Trough, and highlight our neighbour’s, Serengeti Resources Inc., recent success.

 

As you may be aware, Geoinformatics has been actively drilling in British Columbia for the past two summer seasons. One of our main focus is the Redton Project, which covers more than 1,000 sq. km. in a highly prospective part of the belt situated between the Mt Milligan deposit (Terrane Metals Corp.) and the Kemess Mine (Northgate Minerals Corporation).

 

Geoinformatics’ Landholdings in Northern B.C.

 

Immediately to the west of our Redton Project, last week Serengeti announced drill results from Hole K62 on their Kwanika discovery of 610 metres grading 0.74% copper and 0.78 grams per tonne gold. At prices of $1.50 per lb. copper and $600 per oz. gold (and assuming 100% metallurgical recoveries), that is a grade of 1.14% copper-equivalent and $32 per tonne rock. It is worth noting that Hole K62 is1.5 km. due west of the boundary of our Redton Project.

 

Geoinformatics’ Redton Project.

 

Our own results to-date from Redton have been very exciting as well:

  1. The Falcon Prospect located in the southern part of the Redton property (see the map below) where the only two holes to-date both returned wide intercepts of molybdenum mineralization:

Ø      Falcon Hole 1 -     346 metres grading 0.059% MoS2 with a high-grade interval of 56 metres of 0.103% MoS2.

Ø      Falcon Hole 2 -     144 metres grading 0.093% MoS2, and 137 metres grading 0.068% MoS2 with a high-grade interval of 78 metres of 0.135% MoS2.

Ø                  Most importantly, both holes ended in mineralization leaving the system completely open at depth and on all sides.

Ø                  The mineralization occurs within an Induced Polarisation (IP) chargeability anomaly of greater than 25 milliseconds that has been detected over an area of 1km by 1km.

  1. The “Red Zone” discovery (announced on February 21, 2007) located in the northern portion of the Redton Project returned 167 metres grading 0.31% copper, 0.08 g/t gold and 2.48 g/t silver including 10 metres grading 0.98% copper, 0.19 g/t gold and 7.68 g/t silver.

Geoinformatics also has an un-drilled prospect north of the Kwanika discovery which we call “Kwanika North”.  Geophysical surveys in 2007 revealed an induced polarization (IP) chargeability anomaly approximately 1 kilometre long by 600 metres with response greater than 12-milliseconds, which has been interpreted as an elevated level of sulphide mineralization.

 

Serengeti has drilled only one hole close to our property boundary. This hole returned no significant intercepts, but it was only drilled to a depth of 62.5 metres.  Geoinformatics believes that the Kwanika North prospect is definitely worthy of a drill program. 

 

We are looking forward to returning to the Redton Project this year to continue drilling the Falcon discovery and other prospects such as Red Zone and Kwanika North.

                                                                                                                                          

Should you require any further information, please do not hesitate to contact me.

 

Kind regards,

 

Nick Archibald

Chief Executive Officer

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 communication.

 

  

 

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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