Geoinformatics Exploration Inc. (TSX-V: GXL) is pleased to announce the assay results from its first drill hole of the 2008 exploration program on the Whistler Zone, the most developed target within the greater Whistler Project, located approximately 160km NW of Anchorage, Alaska.
Hole WH-08-08 returned 726.8 meters grading 0.76 grams per tonne (g/t) gold equivalent and includes 82 metres grading 2.76 g/t gold equivalent. The mineralised intersection of 727 metres represents almost the entire length of the drill hole.
Hole WH-08-08 was drilled on the Main Zone area of the Whistler Zone, and targeted extensions of a previously-defined high-grade zone within the 43-101 defined resource (see below).
- 726.8 metres grading 0.48 g/t gold, 0.87 g/t silver and 0.14% copper (or 0.76 g/t gold equivalent) which included:
- 124 metres grading 1.50 g/t gold, 0.99 g/t silver and 0.29% copper (or 2.06 g/t gold equivalent) which also included a high-grade intersection of:
- 82.0 metres grading 2.01 g/t gold, 1.12 g/t silver and 0.39% copper (2.76 g/t gold equivalent).
Hole WH-08-08
Drill hole WH-08-08 was drilled from the north-eastern side of the higher-grade Main Zone. The hole was designed to test extensions of the higher-grade portions of the Main Zone including the deep inter-mineral breccia intersected by the Company in 2007 in hole WH-07-02 with previously reported results of 47 metres grading 1.60 g/t gold, 2.06 g/t silver and 0.40% copper. With the exception of a weaker zone of mineralization from approximately 340 metres to 380 metres (included as dilution in the intercept calculation), hole WH-08-08 stayed in mineralized porphyry diorite the entire length of the hole. The hole represents the deepest extension of the mineralized system to date and ended in mineralization at a down-hole depth of 728 metres, representing a vertical depth of approximately 625 metres.
Drill hole WH-08-08 is the first drill hole of a 5-hole program on the Whistler Zone/Main Zone planned for 2008. All five holes have now been completed and samples from the remaining drill core have been submitted to the laboratory for assaying.
Earlier in the season, the Company completed two holes on regional targets on the Whistler Project, Rainmaker Prospect, located approximately 2 km. southeast of Whistler Zone, which returned 151.1 metres grading 0.37 g/t gold and 0.18% copper (or 0.72 g/t gold equivalent), and Rainmaker South Prospect, also a target within the greater Whistler Project, approximately 2 km. south-southeast of Whistler Zone, which returned no significant mineralization. The Company has completed its drilling on the Whistler Zone for the season and will now focus on drilling three additional regional targets on the Whistler Project, all within 2 kilometres of the Whistler Zone, which is expected to be completed by the end of September 2008. -- www.cnxmarketlink.com
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