New Gold Zone Identified At Tri Origin’s South Abitibi Alliance Gold & Base Metal Property
August 8, 2018
Aurora, Ontario- Tri Origin Exploration Ltd (TSX-V:TOE) (“Tri Origin” or the “Company”) is pleased to announce that the diamond drilling program at Target Area 2 (“TA-2”) at the South Abitibi project has been completed and final results received. The program consisted of 2878 metres of drilling in 5 widely-spaced drill holes targeting regional induced polarization anomalies. A newly identified gold zone was intersected in holes 3 and 5. Hole 2 intersected zones of copper and nickel-bearing sulphide.
A fine-grained, altered, pyritic rock was intersected from 22 metres to 29.5 metres downhole in hole 5 and contained anomalous gold abundance. Assays included 538 ppb of gold from 25 to 26 metres downhole and 1488 ppb of gold from 26 to 26.5 metres downhole. Hole 3 is located 450 metres west and along strike from hole 5. A similar gold-bearing rock was intersected and contained 331 ppb of gold from 33 to 34 metres downhole. The geophysical anomaly now recognized as representing the gold zone was not the primary target of either drill hole. No previous exploration has been conducted in this area and the continuity and extent of these newly discovered gold-bearing rocks is open.
Copper and nickel was returned from samples of narrow intervals of disseminated and semi-massive pyrrhotite in hole 2 located approximately 500 metres south of the gold-bearing rocks. Assay values of 0.45% copper and 0.39% nickel over 0.2 metres and 0.32% copper and 0.15% nickel over 0.2 metres were included within a broader zone 30 metres in downhole thickness containing occasional zones of disseminated pyrrhotite up to 1 metre thick with anomalous copper and nickel abundance.
TA-2 covers a 15 kilometre by 5 kilometre area located 20 kilometres southwest of the town of Cobalt along the south margin of the Abitibi Greenstone Belt in the Cobalt-Temagami region of Ontario. Drilling was conducted within a 1 kilometre by 1.5 kilometre portion of TA-2 where three, widely-spaced lines of induced polarization surveying had been conducted during the fall of 2017. A large portion of the prospective, Archean-age rocks at TA-2 are covered by a blanket of younger sedimentary rock and, as a consequence, the geological setting of much of the area remains poorly understood. Management is excited to have made a “blind” discovery of a new, previously unexplored gold zone in this environment and believes that follow-up exploration is warranted.
Tri Origin, as operator, completed the program as part of a gold and base metal exploration Alliance entered into between it and Sumitomo Metal Mining Canada Ltd. (“SMCL”) a subsidiary of Sumitomo Metal Mining Co. Ltd. (“SMM”) of Japan. The Alliance controls a large property holding and SMCL is funding Alliance activities through preliminary phases of exploration including the recent drill program. The Alliance management committee is currently considering the next stages of work at TA-2.
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.
Gold analyses were conducted by SGS Canada Inc. of Lakefield, Ontario using SGS fire assay-atomic absorption method GE_FAI313 with a detection limit of 1 ppb of gold. Base metal analyses were conducted by SGS Canada Inc. of Lakefield, Ontario using SGS ICP-AES and ICP-MS methods (GE_ICM40B) with a detection limit of 0.5 ppm for copper and nickel.
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.