Fraser Mackenzie Initiates Research on Geoinformatics
March 14 2008 - 11:44AM
Marketwired
TORONTO, ONTARIO ("Geoinformatics" or the "Company") is pleased
to announce that Fraser Mackenzie Limited, an independent Canadian
investment dealer, has initiated research coverage on the Company
with a strong buy recommendation.
"We are extremely pleased that Mike Starogiannis, Metals and
Mining Analyst at Fraser Mackenzie, has initiated coverage on our
Company with a strong buy recommendation," stated Dr. Nick
Archibald, Chief Executive Officer of Geoinformatics. "The Fraser
Mackenzie coverage provides further confirmation of the substantial
value in Geoinformatics' extensive project portfolio and that our
exploration process and team have been extremely successful in
identifying and acquiring high-quality assets. Our focus will
continue to be on advancing selected projects as aggressively as
possible with the objective of increasing their value and that of
our shareholders."
About Fraser Mackenzie
Fraser Mackenzie was founded in 2004, as an investment dealer
serving the needs of institutional fund managers and small and
mid-capitalization corporate clients. Its mission is to be the
financial partner of choice of corporate and institutional clients.
It fulfills this mission by providing its clients with independent
ideas, timely market intelligence and superior execution.
Fraser Mackenzie offers investment banking and advisory
services, sales and trading, and equity research with a focus on
four sectors: Energy (International Oil and Gas and Renewable),
Biotechnology, Diversified Industries, and Metals & Mining. It
focuses its coverage on small and mid-capitalization companies.
About Geoinformatics
Geoinformatics is a global exploration company which has
developed a unique approach to minerals exploration applying
innovative and proprietary technology.
The Company recently announced an independent National
Instrument (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.
Geoinformatics also published an initial NI 43-101 resource
estimate on the Azulitas Prospect at its La Noria Project in the
State of Sinaloa, Mexico, in February 2008, and has several
additional discoveries on the property. Geoinformatics is also
actively exploring several advanced projects located in Utah, the
Cortez Trend region of Nevada, and British Columbia. Fourteen
Company-owned properties in the State of Sonora, Mexico, fall under
a joint venture in which Azure Minerals Limited is earning a 51%
interest by spending US$4 million. Geoinformatics also has an
extensive portfolio of other direct and indirect property
interests, joint ventures, and royalties covering a wide range of
minerals in Mexico, Australia and 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 the 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 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.
Contacts: Geoinformatics Exploration Inc. Dr. Nick Archibald
Executive Vice-Chairman and CEO (416) 861-1300 x224 Email:
nicka@geoinformex.com Geoinformatics Exploration Inc. Ms. Petra
Decher President and Chief Financial Officer (416) 861-1300 x225
Email: petrad@geoinformex.com Geoinformatics Exploration Inc. 330
Bay Street, Suite 1109 Toronto, Ontario M5H 2S8 Website:
www.geoinformex.com
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