Tres-Or Announces Intent to Acquire the Fontana Gold Project, Quebec
05 7월 2011 - 9:00PM
Marketwired
Tres-Or Resources Ltd. ("Tres-Or") (TSX VENTURE: TRS) and Globex
Mining Enterprises Inc. ("Globex") (TSX: GMX)(FRANKFURT:
G1M)(OTCQX: GLBXF) are pleased to announce that they have signed a
Letter of Intent for Tres-Or to acquire the interests in certain
mineral claims in Quebec of Globex, being a 75% interest in 16
claims and a 100% interest in 6 claims, collectively the Fontana
Gold Property. The Fontana property is located 16 km northeast of
Amos in Duverny Township, Quebec. The project is proximal to
Tres-Or's advanced Duvay Gold Project and is contiguous with the
Company's East Mac property (Duvay Area Map),
http://media3.marketwire.com/docs/trs0705.pdf.
In order to secure the property interest while a definitive
agreement is being prepared, Tres-Or has made a non-refundable
deposit of $25,000 and will endeavor to enter into a formal
agreement with Globex on or before September 15, 2011.
According to Quebec government reports describing the historic
work carried out on Fontana, gold mineralization was discovered in
veins in the Fontana Fault in the 1930's. Considerable work
consisting of stripping, test pits, bulk testing and drilling has
occurred on the Fontana Gold Project in subsequent decades of the
1940s, the 1980s, and 1990s. Gold mineralization is associated with
pyrite and chalcopyrite rich quartz veins in the principal fault
structures and associated fractures mapped on the property. Gold is
often free gold and is erratic in distribution. Tres-Or previously
sponsored detailed structural mapping as a preliminary part of its
evaluation and due diligence on the property. Separately Globex
holds a 15% Net Profits Interest on the original block of 16
claims.
Laura Lee Duffett, President and CEO of the Company, a qualified
person by the Standards of National Instrument 43-101, is
overseeing the project and is responsible for the content in this
news release.
On behalf of the Board of Directors,
Laura Lee Duffett, President and CEO
About Tres-Or Resources Ltd.:
Tres-Or Resources Ltd. (TSX VENTURE: TRS) is a Canadian resource
company exploring gold, precious metals and diamond projects in
Ontario and Quebec. The experienced team has proven success in
exploration through to discovery and mine development. Additional
information related to the Company is available at:
www.tres-or.com.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy of accuracy of
this news release.
Contacts: Tres-Or Resources Ltd. Dominic Spedaliere Corporate
Communications 604-688-8700 info@tres-or.com www.tres-or.com
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