Trio Gold Corp. Clarifies Press Announcements and Corporate Disclosure
30 11월 2013 - 6:22AM
Access Wire
As a result of a review by the
Alberta Securities Commission, we are issuing the following news
release to clarify the Company's disclosure.
Regarding Trio Gold Corp. ("Trio")
announcement of the acquisition and option to acquire the McNeil
and Night Hawk gold properties totalling approximately 24,200 acres
(9,800 hectares) in Timmons Ontario (News Release, October 23,
2013), the Company wishes to clarify the historical drill results
in a more complete manner from the McNeil property.
Historical results occurring on the
McNeil property have been returned from number of old workings
dating back to 1923 where shafts were dug to 120 feet (37m) with
reported quartz veins containing visible gold. Trio would like to
clarify that no mineral resources or mineral reserves estimates
have been generated from the McNeil Property. Drilling in 1946, 46
holes totalling 2553 metres were drilled. Together with many holes
reported to contain only trace gold, some of the best results
include 5.8 g/t over 1.3 metres. In 1979, Sylva Explorations Ltd.
drilled three shallow holes (38-59 metres in length) that
intersected narrow veins of silicified veins. The best gold results
included 1.0g/t over 1.0 metre (Hole 1), 45.4 g/t over 0.3 metre
(Hole 2) 39.1 g/t over a 0.9 metre(hole 2), and 4.1 g/t over 1.0m
(Hole 3).
Trio would also clarify that
GeoVector technical report1 was utilized for its due diligence on the merits
of McNeil property. This report states that throughout the
property, there are numerous gold mineralization occurrences that
have the potential for large tonnage style gold enrichment similar
to the Porcupine Gold mines owned by Gold Corp.
Further, by request of the Alberta
Securities Commission, Trio is providing the following information
to clarify disclosure on its website and in its MD&A for the
Quarter ending September 30, 2010 and continuing to June 30, 2013
regarding the reporting of results from properties adjacent to its
Rodeo Creek property along the Carlin Trend, Nevada. It should be
stated as follows.
The Rodeo
Creek property is strategically located 1.5 km northwest of the
Storm deposit owned by Barrick Goldstrike Mines, Inc., which is
reported to host 3,100,000 short tons of proven and probable
reserves, and inferred mineral inventory containing 1,100,000
ounces of gold (non-43-101 compliant)2. Between 2008
and 2011, the Storm Gold Mine has produced 277,495 ounces of gold
as reported by Barrick Goldstrike Mines, Inc.3
In
addition, Trio is updating its website to clarify and provide a
more complete drill hole result disclosure for the Rodeo Creek
property. This specifically relates to the Projects - Rodeo Creek
section of the website. Trio references an anomalous gold result,
interpreted as a "leakage" anomaly, found in the Flower Zone of
9.60 gm/T Au (0.28 oz/t) across 6 metres, including 29.1 gm/T Au
(0.85 oz/t). While this is accurate information based on drill
results, Trio will be adding additional drilling result information
to provide a more complete disclosure.
The disclosure on Trio's
website stating, " Grades of up to 0.92 gm/T Au (0.027 oz/t) along
23 metres of strike length..." refers to channel sample results
across the Look Fault on the Rodeo Creek Property from work
conducted in 2003. Trio will be removing this information from its
website for reasons that it is outdated and not relevant. It will
be replaced with more current gold result information from the
2010-11 drilling programs which has always been disclosed in Trio's
MD& A Quarterly filings.
The Qualified Person for this news
release is Torrie Chartier, MSc., MBA, P. Geol. The technical
information has been reviewed, verified and approved by Ms.
Chartier.
For further information on the
contents of this news release or the activities of the Company,
contact Mr. Harry Ruskowsky, President and CEO at (403)
262-9640.
Trio Gold Corp.
Suite 145-251 Midpark Blvd. SE
Calgary, Alberta T2X-1S3
Phone: (403) 262-9640
Fax: (403) 262-9759
E-mail:trio@triogold.com
Website: www.triogold.com
CUISP#89669C-108, Exemption #82-2127
1 Information
taken from, Setterfield, Tom, et. al., July 12, 2012,
"Report on the McNeil Property, , Northeastern, Ontario for
Amarok Resources Inc., GeoVector Management Inc. This report will
be posted on the Trio Gold website.
2 Theodore, Ted, et.al, 2003,
Applied Geochemistry, Geology, and Mineralogy of the Northernmost
Carlin Trend, Nevada, Vol 98, pp.287-316.
3 Production numbers reported by
Barrick Goldstrike Mines, Inc and published by the Nevada Bureau of
Mines and Geology, Major Mines of Nevada 2008-2011, University of
Nevada, Reno. (http://minerals.state.nv.us)
Trio Gold Corp. (TSXV:TGK)
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Trio Gold Corp. (TSXV:TGK)
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