Through various means of structural and synaptic plasticity enabling online learning, neural networks are constantly reconfiguring their computational functionality. Neural information content is embodied within the configurations, representations, and computations of neural networks. To explore neural information content, we have developed metrics and computational paradigms to quantify neural information content. We have observed that conventional compression methods may help overcome some of the limiting factors of standard information theoretic techniques employed in neuroscience, and allows us to approximate information in neural data. To do so we have used compressibility as a measure of complexity in order to estimate entropy to quantitatively assess information content of neural ensembles. Using Lempel-Ziv compression we are able to assess the rate of generation of new patterns across a neural ensemble's firing activity over time to approximate the information content encoded by a neural circuit. As a specific case study, we have been investigating the effect of neural mixed coding schemes due to hippocampal adult neurogenesis.