TORONTO, ONTARIO ("Geoinformatics" or the "Company") is pleased
to announce the results of recent exploration drilling on the Pozo
de Nacho Project, which is part of the Geoinformatics-Azure
Minerals Joint Venture (the "Joint Venture") in the State of
Sonora, Mexico.
Azure Minerals Limited ("Azure"; Australian Securities Exchange:
AZS) conducted a successful Phase 2 drill campaign at Pozo de Nacho
as operator of the Joint Venture. Azure is earning a 51% interest
in Pozo de Nacho and 13 other Joint Venture properties through the
expenditure of US$4 million.
Highlights:
The recent Phase 2 drilling at Pozo de Nacho has confirmed
widespread molybdenum mineralization which was initially delineated
in previous Joint Venture and historical drilling. The drill
results included long intersections in three different drill holes
of:
- 124.2 metres grading 0.05% MoS2;
- 183.7 metres grading 0.05% MoS2; and
- 138.9 metres grading 0.07% MoS2.
The molybdenite (MoS2) mineralized zone has now been interpreted
over an area of 800 by 500 metres from surface to depths in excess
of 300 metres and remains open in most directions.
Please note: To view Figure 1, please view the following link on
the Marketwire site:
http://www.ccnmatthews.com/docs/gxl1127.pdf.
Pozo de Nacho Project
The Pozo de Nacho Project is located approximately 100
kilometres southeast of Hermosillo in Sonora on the western edge of
the Sierra Madre Occidental. All prior Joint Venture drill holes
intersected molybdenite (molybdenum disulphide (MoS2)) in
sedimentary and intrusive quartz feldspar porphyry rocks.
The Sierra Madre Occidental in Sonora, Mexico is a world-class
mineral province with several large base metal and precious metal
deposits currently being mined.
Phase 2 Drill Results
The results for Phase 2 and Phase 1 drilling, including
historical drill results (Table 1), indicate the presence of
significant and widespread molybdenite mineralization at Pozo de
Nacho. Based on Azure's interpretation, a substantial system of
molybdenite mineralization covers approximately 800 metres by 500
metres from near-surface to depths of at least 300 vertical metres
(see Figure 1).
Several holes, as indicated, ended in mineralization and the
mineralization is open in several directions (please refer to
Azure's press releases dated September 11, 2007 and November 12,
2007, for more details).
Table 1. Pozo de Nacho Phase 2 and Phase 1 Drill Results
---------------------------------------------------------------------------
Hole From To Width Molybdenum Copper Silver
(metres) (metres) (metres) Sulphide (%) (g/t)
(MoS2) (%)
---------------------------------------------------------------------------
Phase 2 Drilling
---------------------------------------------------------------------------
PDN-DD-003 8.8 133.0 124.2 0.05 0.08 3.8
---------------------------------------------------------------------------
including 119.0 133.0 14.0 0.14 0.11 7.3
---------------------------------------------------------------------------
PDN-DD-004(i) 68.0 251.7 183.7 0.05 0.06 1.6
---------------------------------------------------------------------------
PDN-DD-005 43.0 63.0 20.0 0.04 0.05 0.6
---------------------------------------------------------------------------
PDN-DD-006(i) 12.0 150.9 138.9 0.07 0.06 2.3
---------------------------------------------------------------------------
Phase 1 Drilling
---------------------------------------------------------------------------
PDN-DD-01(i) 169.5 175.0 5.5 0.11 0.03 1.9
---------------------------------------------------------------------------
254.0 356.8 102.8 0.05 0.03 0.9
---------------------------------------------------------------------------
including 280.0 285.0 5.0 0.23 - -
---------------------------------------------------------------------------
PDN-DD-02 174.0 198.0 24.0 0.04 0.03 1.6
---------------------------------------------------------------------------
PDN-RC-02(i) 7.6 41.1 33.5 0.05 0.08 2.4
---------------------------------------------------------------------------
PDN-RC-02a(i) 1.5 199.6 198.1 0.07 0.04 1.5
---------------------------------------------------------------------------
including 41.1 61.0 19.9 0.12 - -
---------------------------------------------------------------------------
PDN-RC-03 41.1 83.8 42.7 0.04 0.07 0.6
---------------------------------------------------------------------------
Samples were assayed at ALS-Chemex (Vancouver) using initially
ICP-AES method followed by re-assaying for higher grade molybdenum
with X-Ray Fluorescence. Intercepts were calculated using the
Micromine intercept calculator as reported by Azure in a
press-releases dated November 12, 2007, and September 11, 2007.
These holes are reconnaissance drilling and the orientation of the
mineralized structures is not yet established; hence it is not
possible to comment on the "true width" of the mineralized
intersections.
(i) indicates holes ended in mineralization.
The Joint Venture partners intend to conduct additional
drilling. The large number of assays exceeding 0.1% MoS2, indicate
that more extensive higher-grade zones may be present.
The Phase 2 drill program comprised five diamond core holes
(PDN-DD-003 to 007) and one diamond core tail extending the
previously drilled PDN-DD-02, all totaling 1,331 metres. Phase 1
consisted of two diamond drill holes and four reverse circulation
(RC) holes. Drill hole details are presented as an addendum in
Table 2.
Mineralization is present as veins and coarse to fine
disseminations of molybdenite hosted within strongly altered quartz
porphyry and surrounding sediments (sandstones and siltstones).
Chalcopyrite (copper iron sulphide) mineralization is also present
in the drill core, producing low copper grades. Low grade silver
mineralization is also present throughout the system.
Geoinformatics - Azure Joint Venture
The Pozo de Nacho Project is part of a larger joint venture
between Geoinformatics and Azure in which Azure is earning a
minimum 51% interest in 14 Geoinformatics-owned projects in Sonora,
Mexico. Under terms of the Joint Venture agreement, Azure must
spend US$4 million on the projects by July 2009 to earn a 51%
interest. Drilling is expected on other Joint Venture projects in
2007 and early 2008.
Kennecott - Geoinformatics Alliance Agreement
The Azure Joint Venture properties fall under the Master
Strategic Alliance Agreement (the "Alliance Agreement") with
Kennecott Exploration Company ("Kennecott"). The Company entered
into the Alliance Agreement with Kennecott effective March 2006
under which it is using its proprietary geo-science and technology
platform (the "Geoinformatics Process") to identify, prioritize and
drill more than 30 high-quality exploration targets over the
initial two years of the Agreement. Kennecott has conveyed four
"targets-of-merit", including the Whistler Project to
Geoinformatics to-date under the Alliance Agreement.
Kennecott retains a one-time back-in right, or a 2% NSR if the
back-in right is not exercised, on all projects or properties
subject to the Agreement. Please refer to Geoinformatics' press
release dated August 14, 2006, for further information.
Qualified Persons
Technical content for the Pozo de Nacho Project has been
compiled by Mr. Pat Manouge, Exploration Manager for Azure, who is
a member of the Australasian Institute of Mining and Metallurgy
(MAusIMM) and has 13 years of experience in minerals
exploration.
About Geoinformatics
Geoinformatics is a global exploration company which has
developed a unique and innovative approach to minerals
exploration.
In June 2007, Geoinformatics acquired the rights to the Whistler
Gold-Copper Porphyry Project (the "Whistler Project") in the
prospective Southern Alaskan Range from Kennecott as a
"target-of-merit". The Whistler Project includes a large identified
gold-copper porphyry system with drill intersections exceeding 220
metres of 1.5 g/t gold and 0.3% copper. The Whistler Project
encompasses a 440 square km. land package that has numerous other
high-potential copper and gold targets.
In addition to the Whistler Project, Geoinformatics is actively
exploring several advanced projects located in Utah, British
Columbia, the Battle Mountain Trend region of Nevada, and the State
of Sinaloa, Mexico. The Company also has an extensive portfolio of
other direct and indirect property interests, shareholdings, joint
ventures, and royalties covering a wide range of minerals in
Mexico, Australia, 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 a 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 the 2006t Annual Information Form and other
recent 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. Geoinformatics assumes no obligation to revise or
update these forward-looking statements.
Table 2. Pozo de Nacho Drill Hole Details
---------------------------------------------------------------------------
Total
Depth
Hole No. East North Elevation Dip Azimuth (metres)
---------------------------------------------------------------------------
PDN-DD-01 589 393 3 161 832 475 -60 340 356.8
---------------------------------------------------------------------------
PDN-DD-02 590 258 3 162 094 513 -60 340 399.9
---------------------------------------------------------------------------
PDN-DD-003 589 580 3 162 000 475 -60 160 224.9
---------------------------------------------------------------------------
PDN-DD-004 589 509 3 162 188 475 -60 160 251.7
---------------------------------------------------------------------------
PDN-DD-005 590 178 3 162 012 520 -70 160 336.3
---------------------------------------------------------------------------
PDN-DD-006 589 730 3 162 000 480 -90 0 150.9
---------------------------------------------------------------------------
PDN-DD-007 590 226 3 162 529 485 -70 340 181.9
---------------------------------------------------------------------------
PDN-RC-01 590 500 3 162 347 495 -60 160 115.8
---------------------------------------------------------------------------
PDN-RC-02 589736 3 162 073 470 -60 160 41.1
---------------------------------------------------------------------------
PDN-RC-02A 589 804 3 162 093 471 -60 160 199.6
---------------------------------------------------------------------------
PDN-RC-03 590106 3 161 914 548 -60 340 173.7
---------------------------------------------------------------------------
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Geoinformatics Exploration Inc. Mr. Kevin L. Snook
Chairman (416) 861-1300 x226 Email: kevins@geoinformex.com
Geoinformatics Exploration Inc. Dr. Nick Archibald Executive
Vice-Chairman and CEO (416) 861-1300 x224 Email:
nicka@geoinformex.com Website: www.geoinformex.com
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