Diamond Drilling Commences At Tri Origin’s South Abitibi Alliance Gold & Base Metal Property
April 30, 2018
Aurora, Ontario- Tri Origin Exploration Ltd (TSX-V:TOE) (“Tri Origin” or the “Company”) is pleased to announce that a program of diamond drilling has commenced at Target Area 2 (“TA-2”) which comprises a portion of the Company’s large property holding along the south margin of the Abitibi Greenstone Belt in the Cobalt-Temagami region of Ontario. The program is being conducted on behalf of a gold and base metal exploration Alliance entered into between Tri Origin and Sumitomo Metal Mining Canada Ltd. (“SMCL”) a subsidiary of Sumitomo Metal Mining Co. Ltd. (“SMM”) of Japan. SMCL is funding Alliance activities through preliminary phases of exploration including the current drill program.
The program is planned to consist of approximately 2850 metres of drilling in a minimum of 5 drill holes. The holes will target geophysical anomalies detected during a regional induced polarization (“IP”) surveying conducted during the fall of 2017.
TA-2 covers a 15 kilometre by 5 kilometre area located 20 kilometres southwest of the town of Cobalt within the more extensive South Abitibi property held by the Alliance. The current drill program will focus on evaluating preliminary targets selected within a 1 kilometre by 1.5 kilometre portion of TA-2. These targets are underlain by prospective mafic and felsic volcanic rocks, sedimentary rocks and iron formation of the southern Abitibi Greenstone Belt. These rocks are partially covered by an extensive blanket of Proterozoic-age rocks ranging from a few metres to hundreds of metres in thickness. Field work conducted by Tri Origin throughout TA-2 has identified a variety of mineral occurrences of gold, silver, copper, nickel, cobalt and molybdenite within the Archean and Proterozoic rocks.
Drilling is anticipated to be completed by early June. Shareholders will be informed of results following completion of the program and receipt of final assays and geochemical analyses.
Alliance activities within the southern Abitibi Greenstone Belt provide a fully-funded opportunity for Tri Origin to capitalize on its strategy of identifying and acquiring prospective, district-scale properties in well-mineralized mining areas and advancing these properties toward making new discoveries.
Tri Origin is pleased to participate with SMCL in its mineral exploration efforts and values its contributions to this Alliance. SMCL’s parent company is a Japanese firm engaged in gold and base metals mining, smelting and refining, manufacturing of semiconductor and advanced materials and other business. For more information about SMM, please visit www.smm.co.jp/
For information about Tri Origin, please visit www.triorigin.com or SEDAR www.sedar.com or contact:
Dr. Robert Valliant, President
Tri Origin Exploration Ltd.
Tel: (905) 727-1779
Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin is a leading Canadian exploration company with gold and base metal projects in Canada.
CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Tri Origin's periodic reports including the annual report or in the filings made by Tri Origin from time to time with securities regulatory authorities.