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Geoinformatics Exploration Inc.

Publié le 04 juin 2008

Identifies Extensive Silver and Copper-Molybdenum Anomalies at its La Noria Project in Mexico

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Mots clés associés :   Copper | G Mexico | K Street | Utah | Zinc |

NEWS RELEASE                                                                                                   June 4, 2008

 

Geoinformatics Identifies Extensive Silver and Copper-Molybdenum

Anomalies at its La Noria Project in Mexico

Rock-chip grades up to 1,020 g/t silver and 0.75% Molybdenum

 

Toronto, Ontario - Geoinformatics Exploration Inc. (TSX-V: GXL) (?Geoinformatics? or the ?Company?) is pleased to announce that it has identified two new large polymetallic geochemistry anomalies known as ?El Tiro? and ?El Zapote East? on its La Noria Project (?La Noria?) in Sinaloa, Mexico.  The new areas are in addition to the National Instrument (NI) 43-101 polymetallic mineral resource on the Azulitas Prospect and the new previously-announced discoveries at the Los Laureles and Mozulitas Prospects on the property. 

Highlights

?      Surface geochemical sampling at El Tiro revealed:

-          High-grade rock-chip samples up to 0.75% molybdenum and 33.2 grams per tonne (g/t) silver.

-          An area 1,000 metres by 700 metres with a copper soil anomaly averaging 720 parts per million (ppm) copper, 1.2 g/t silver and 17 parts per billion (ppb) gold.

?      The El Tiro anomaly is enclosed entirely within a larger copper soil anomaly exceeding 200 ppm over an area of 2.7 km. by 1.2 km.

?      Surface geochemical sampling at El Zapote East revealed:

-          High-grade rock-chip samples up to 1,020 g/t silver (29.7 ounces per ton).

-          An area 780 metres by 200 metres with a polymetallic soil anomaly averaging 7.8 g/t silver, 620 ppm copper, 32 ppm molybdenum, 800 ppm lead and 617 ppm zinc.

?      The El Zapote East anomaly is entirely enclosed within a larger silver soil anomaly exceeding 2.0 g/t silver over 1.1 km. by 800 metres.

Darren Holden, Executive Vice President of Geoinformatics commented, ?The El Zapote East anomaly is of particular geological and economic interest as it hosts some of the highest continuous concentrations of lead-zinc-silver in soil samples found to-date at La Noria.  The association of these minerals is a possible indication of a different and more distal style of mineralization compared to that discovered at Azulitas, Los Laureles and Mozulitas.  In addition, El Tiro is an extremely interesting prospect with one of the largest continuous geochemical anomalies on the property.  With several soil samples above 1,500 ppm copper, and extremely high-grade rock chip samples up to 0.75% molybdenum, this prospect has become yet another highly prospective drill target at La Noria.?

Geoinformatics has developed an aggressive one-year work program for La Noria which includes drill-out to the Indicated Resource category on Azulitas, Los Laureles and Mozulitas, as well as reconnaissance drilling on other prospects, such as Amarillito, El Tiro and El Zapote East.  Following the completion of the work program, a preliminary economic assessment (?Scoping Study?) will be commenced on the project which will assess the possibility of combining resources from the various prospects to support an integrated mining operation.

La Noria NI 43-101 Resource and Discoveries

The two new exploration prospects will complement the previously announced NI 43-101-compliant resource and other discoveries at La Noria which include:

Azulitas:           Azulitas hosts an NI 43-101-compliant Inferred Mineral 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 comes to surface.

Los Laureles:   Los Laureles drilling has produced numerous mineralized intersections including 107 metres grading 0.12% molybdenum (0.20% MoS2), 0.14% copper, 0.08 g/t gold and 11.9 g/t silver within a breccia zone which comes to surface with a mapped extent and surface geochemistry anomaly over 750 metres long to 180 metres wide.

Mozulitas:        Mozulitas has confirmed mineralization over a strike length of 75 metres from two drill holes to-date with drill intercepts up to 57 metres grading 0.10% molybdenum, including 12 metres grading 0.32% molybdenum.

Amarillito:        Amarillito has two drill holes to-date which include 65 metres grading 0.31% copper and 11.6 g/t silver.

El Zapote East Prospect

El Zapote East is located approximately 3 km. north of Los Laureles.  Regional reconnaissance soil geochemistry on a grid of 100 metres by 50 metres revealed a geochemical soil anomaly averaging 7.8 g/t silver, 620 ppm copper, 32 ppm molybdenum, 800 ppm lead and 617 ppm zinc over an area 780 metres by 200 metres.  It is enclosed entirely within a much larger soil anomaly of greater than 2 g/t silver over an area of 1.1 km. by 800 metres. Rock-chip samples in the area are as high as 1,020 g/t silver (29.7 ounces per ton).  The soil anomaly is open to the north.


Figure 1. El Zapote East ? silver in soil contour map with rock-chips.

The El Tiro Prospect

El Tiro is located approximately 3 km. east of Los Laureles.  Regional reconnaissance and prospecting identified several areas of outcropping breccias similar to the Los Laureles breccia.  A subsequent soil sampling program based on a 100-metre by 100-metre grid revealed a large soil anomaly over 2.7 km. in length by 1.2 km. in width with greater than 200 ppm copper in soils.  Within this anomaly are several high-tenor areas including an area known as ?El Tiro Centro? which is approximately 1,000 metres by 700 metres with soil samples averaging 720 ppm copper, 1.2 g/t silver and 17 ppb gold.  In addition, two molybdenum anomalies each over 500 metres long and 200 metres to 500 metres in width were also identified.  Rare and scattered outcrop produced rock-chip samples up to 0.75% molybdenum and 33.2 g/t silver were also identified. The soil anomaly is still open to the west, and recent reconnaissance work has found scattered breccia bodies between El Tiro and Los Laureles that could possibly provide a geological and structural link between the two prospects.

Figure 2. The El Tiro Prospect copper and molybdenum in soil contour map with rock-chips.

About La Noria

La Noria consists of mineral claims and option agreements covering an area of approximately 202 sq. km. in low-rolling hills approximately 60 km. northeast of the major port of Mazatlan in the State of Sinaloa.  It lies 35 km. from a main rail-line and is intersected by numerous roads and tracks that are accessible for most of the year and is serviced with electric power.  Geoinformatics recently extended the mineral claims to the east.  Geoinformatics? current objective at La Noria is to identify sufficient resources from several prospects, including the Azulitas NI 43-101-compliant resource, to support an integrated mining operation.

 

                                                            Figure 3.     La Noria Project Area

 

Qualified Person

The technical content of this release has been compiled by Darren Holden, MAusIMM, Executive Vice President, Operations of Geoinformatics.  Mr. Holden is a Qualified Person as defined by NI 43-101.

About Geoinformatics

Geoinformatics is a North American-focused exploration company with mineral resources and discoveries in Alaska, Nevada, Utah, British Columbia and Mexico.

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.

In addition to La Noria, Geoinformatics also holds several advanced stage exploration projects in Utah, the Cortez Trend region of Nevada, and British Columbia.

For Further Information, Please Contact:

Mr. Kevin L. Snook                                                     Mr. Darren Holden

Chairman                                                                     Executive Vice President, Operations

Tel: (416) 861-1300 x226                                           Tel: (604) 605-3073 x105

Email: kevins@geoinformex.com                                Email: darrenh@geoinformex.com

 

Geoinformatics Exploration Inc.                                              Geoinformatics Exploration Inc.

330 Bay Street, Suite 1109                                          700 West Pender Street, Suite 304

Toronto, Ontario M5H 2S8                                          Vancouver, British Columbia V6C 1G8

www.geoinformex.com

 

 

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. 

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

 


APPENDIX ?SAMPLE DETAILS

El Zapote East ? Rock-chip Samples

Sample ID

Easting

North

Silver

(g/t)

Gold

(ppb)

Copper

(ppm)

Molybdenum

 (ppm)

Lead (ppm)

Zinc (ppm)

SWP129729

392636

2613344

1020.0

37

548

5

4120

94

SWP130481

392656

2613032

62.5

5

174

24

953

58

MG11231

392000

2612682

56.6

BDL

169

2

5070

88

SWP129726

392328

2613290

36.5

265

205

38

461

130

SWP130479

392103

2612520

12.7

19

293

10

3670

75

MG11226

392009

2612009

8.9

13

1,620

4

23

95

MG11230

392296

2612686

8.6

BDL

157

5

268

120

SWP130482

392591

2613086

6.5

BDL

106

59

40

28

SWP129734

392404

2612425

5.4

22

1,590

34

90

234

6747

392517

2612427

4.8

BDL

36

15

28

26

6768

393072

2612590

4.3

22

52

252

558

65

MG11220

392864

2612705

4.0

11

32

33

191

90

6744

391751

2612848

2.6

8

58

5

104

1,395

SWP129732

392430

2612588

2.2

17

32

27

80

19

MG11225

392333

2612419

2.1

BDL

57

4

111

158

MG11218

392454

2612417

1.8

BDL

72

25

330

309

SWP130480

392677

2612854

1.2

10

53

47

40

27

MG11229

392198

2612821

1.0

BDL

31

7

19

32

SWP129397

391960

2612420

1.0

12

43

2

66

91

MG11232

391895

2612687

0.9

BDL

39

2

90

45

6745

392173

2612925

0.8

25

226

113

21

59

MG11221

392805

2612747

BDL

BDL

16

74

15

28

MG11228

392255

2612744

BDL

BDL

26

3

32

63

SWP129731

392734

2612785

BDL

BDL

31

69

47

28

SWP130483

392508

2613180

BDL

BDL

16

13

19

11

 

El Tiro ? Rock-chip Samples

SampleID

Easting

Northing

Gold (ppb)

Silver (g/t)

Copper (ppm)

Molybdenum (ppm)

Molybdenum (%)

359577

2608737

396216

27

9.5

7

7,450

0.75

15015

395114

2609795

BDL

BDL

15

1,480

0.15

SWP125751

394278

2608497

33

0.8

63

230

0.02

15002

396709

2608783

5

BDL

12

223

0.02

14999

395200

2610120

11

3.8

47

116

0.01

SWP125599

395564

2608570

13

1.8

450

38

0.00

SWP125373

394664

2607972

50

6.0

639

19

0.00

15006

394835

2610463

7

2.1

190

16

0.00

SWP125384

395177

2607852

BDL

BDL

21

7

0.00

15001

396851

2609336

BDL

BDL

8

4

0.00

15007

394792

2610356

BDL

BDL

9

4

0.00

SWP125372

394924

2607783

 BDL

BDL

19

3

0.00

SWP125752

394425

2608115

42

33.2

82

2

0.00

SWP125755

394556

2607991

6

2.6

76

2

0.00

SWP125763

394547

2608909

5

0.8

102

2

0.00

SWP125753

394323

2608074

BDL

7.1

47

BDL

0.00

 

BDL indicates ?below detection limit?. Soil samples were collected by digging 3 small pits approximately 20 centimetres deep and sieving in a single soil sample. Rock chip samples were collected as either in-situ rock-chip or proximal float. All samples were prepared by ALS Chemex in Hermosillo, Mexico, and then sent to ALS Chemex laboratory for ICP AES with 3-acid digest. Blank and duplicate quality control samples are inserted for soil sampling at a ratio of approximately 1:11.   Conversions:        1,000 ppb = 1 ppm = 1 g/t.  10,000 ppm = 1%

 

Geoinformatics Exploration Inc.

CODE : GXL.V
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Geoinformatics est une société d’exploration minière d'or et de cuivre basée au Canada.

Geoinformatics est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,1 millions CA$ (853 600 US$, 713 525 €).

La valeur de son action a atteint son plus haut niveau récent le 11 janvier 2008 à 0,42 CA$, et son plus bas niveau récent le 08 mai 2020 à 0,01 CA$.

Geoinformatics possède 13 040 000 actions en circulation.

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Financements de Geoinformatics Exploration Inc.
16/07/2008SHAREHOLDERS APPROVE PRIVATE PLACEMENT AND SHARE CONSOLIDATI...
Projets de Geoinformatics Exploration Inc.
03/09/2008Assay Results From First 2008 Drill Hole On Whistler Zone, A...
09/07/2008(La Noria) La Noria Back-in Right Released by Kennecott Exploration
09/07/2008(Whistler Alaska)Completes First Drill Hole at Whistler in 2008 Program
04/06/2008(La Noria)Identifies Extensive Silver and Copper-Molybdenum Anomalies ...
01/04/2008(Falcon / Redton)Update on the Redton Project in B.C. and Our Neighbour Relea...
10/03/2008(La Noria) Reports Further Molybdenum-Copper-Silver Intersections from...
25/02/2008(Whistler Alaska)Independent 43-101 Technical Report Filed on the Whistler Pr...
13/02/2008(La Noria)Geoinformatics announces a 43-101 compliant resource stateme...
30/01/2008(Whistler Alaska)Makes A Significant New Molybdenum Discovery in Mexico
Communiqués de Presse de Geoinformatics Exploration Inc.
04/11/2008New Discovery At Its Whistler Project in Alaska
01/08/2008BRIDGE FINANCING WITH GEOLOGIC RESOURCE PARTNERS LLC TO REPL...
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