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:
- 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.
- 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.