Geoinformatics Identifies Extensive Silver and Copper-Molybdenum Anomalies at its La Noria Project in Mexico
Wed Jun 4, 3:37 PMRock-chip grades up to 1,020 g/t silver and 0.75% Molybdenum
TORONTO, June 4 /CNW/ - Geoinformatics Exploration Inc. (TSX-V: GXL.V) ("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% MoS(2)), 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. (See http://files.newswire.ca/723/Figures.doc)
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. (See http://files.newswire.ca/723/Figures.doc)
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
(See http://files.newswire.ca/723/Figures.doc)
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.
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
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Sample ID Easting North Silver Gold Copper Molybdenum Lead Zinc
(g/t) (ppb) (ppm) (ppm) (ppm) (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
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SWP129731 392734 2612785 BDL BDL 31 69 47 28
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SWP130483 392508 2613180 BDL BDL 16 13 19 11
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El Tiro - Rock-chip Samples
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SampleID Easting Northing Gold Silver Copper Molybdenum Molybdenum
(ppb) (g/t) (ppm) (ppm) (%)
-------------------------------------------------------------------------
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
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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%
ContactsMr. Kevin L. SnookChairman
Tel: (416) 861-1300 x226
Email: kevins@geoinformex.com
Geoinformatics Exploration Inc.
330 Bay Street
Suite 1109
Toronto
Ontario
M5H 2S8 Mr. Darren Holden
Executive Vice President
Operations
Tel: (604) 605-3073 x105
Email: darrenh@geoinformex.com
Geoinformatics Exploration Inc.
700 West Pender Street
Suite 304
Vancouver
British Columbia
V6C 1G8
www.geoinformex.com
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