Diamond Drilling Completed And 2017 Budget Approved At Tri Origin's South Abitibi Alliance Gold & Base Metal Property
March 6, 2017
Aurora, Ontario- Tri Origin Exploration Ltd (TSX-V:TOE) (“Tri Origin” or the “Company”) announces the approval of a 2017 exploration program and budget following completion of diamond drilling at the South Abitibi project in the Cobalt-Temagami region of Ontario. The 2017 budget and recent drill program are on behalf of an Alliance entered into between Tri Origin and Sumac Mines Ltd. (“Sumac”) a subsidiary of Sumitomo Metal Mining Co. Ltd. (“Sumitomo”) to explore for gold and base metals in the southern Abitibi Greenstone Belt. Sumac is funding Alliance activities through preliminary phases of exploration and Tri Origin acts as the operator.
Drilling was successful in intersecting targeted geophysical anomalies detected by induced polarization (“IP”) surveys conducted during the summer of 2016 within an 8 kilometre by 4 kilometre area designated as target area 1 (“TA-1”). The program consisted of 3150 metres of drilling in 7 drill holes.
Results have been received from drill core sampled at each of the holes. Anomalous values of gold ranging between 100 ppb and up to 584 ppb of gold across 1.0 metre sample intervals were detected in 4 of the holes drilled. Although gold abundance was generally low, Tri Origin’s management was encouraged to have identified gold-bearing rocks in its first test of a very large, covered portion of the southern Abitibi Greenstone Belt.
A pre-drilling 2017 budget of $424,000 has been approved by Sumac to conduct staged programs of exploration and target delineation work at a second target area (“TA-2”). TA-2 encompasses an area extending over 10 kilometres in length which hosts occurrences of anomalous gold in rock sampling conducted by previous explorers. The source of this gold remains unexplained however, in some cases the occurrences are coincident with airborne geophysical anomalies detected by an airborne geophysical survey conducted by the Alliance during early 2016.
TA-2 comprises a portion of the regional South Abitibi land holdings held by the Alliance and is interpreted to be underlain by prospective mafic and felsic volcanic rocks, sedimentary rocks and iron formation of the southern Abitibi Greenstone Belt. These rocks are covered by an extensive blanket of Proterozoic-age rocks ranging from only a few 10’s of metres to hundreds of metres in thickness. Preliminary drill holes at TA-1intersected targets below the cover rock which were interpreted from deep-looking airborne and surface IP geophysical surveying. This has added confidence to the technical merits of the program.
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. It is anticipated that field work will commence during the spring of 2017. Shareholders will be informed of the details of the programs as they are commenced.
Tri Origin is pleased to participate with Sumac in its mineral exploration efforts and values Sumac’s contributions to this Alliance. Sumitomo, Sumac’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 Sumitomo, 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.
Gold analyses were conducted by SGS Canada Inc. of Lakefield, Ontario using SGS fire assay-atomic absorption method GE_FAA313 with a detection limit of 5 ppb of gold.
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.