Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Geoinformatics Exploration Inc.

Publié le 01 avril 2008

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

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter

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
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

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.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
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...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (GXL.V)
0,085+0.00%
TSX-V
CA$ 0,085
27/11 10:00 -
0%
Cours préc. Ouverture
0,085 0,085
Bas haut
0,085 0,085
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,085 -%
Volume var. 1 mois
4 000 -%
Produit
Développe
Recherche
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2020325,00%0,120,01
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,66 AU$-0,71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
12,26 US$+2,68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,53 GBX-1,87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,64 CA$-1,86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
16,23 CA$+4,04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+4,26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,22 AU$+2,38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,88 CA$+0,53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,71 US$+0,19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+5,56%Trend Power :