| Tri Origin Stakes Properties on Behalf of Abitibi Gold & Base Metal Exploration Alliance | |
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AURORA, ONTARIO--(Marketwired - Sept. 23, 2015) - Tri Origin Exploration Ltd (TSX VENTURE:TOE) ("Tri Origin" or the "Company") is pleased to announce that it has staked a large property holding along the south margin of the Abitibi Greenstone Belt in Ontario. These properties were staked on behalf of a new gold and base metal exploration Alliance entered into between Tri Origin and Sumac Mines Ltd. ("Sumac") a subsidiary of Sumitomo Metal Mining Co. Ltd. ("Sumitomo") which was announced by Tri Origin on May 28, 2015. Sumac is funding the acquisition and initial phases of work at these properties to a maximum total expenditure of C$4.5 million. Property acquisition funded by Sumac is part of an initial two year exploration budget of C$1.5 million. Equity interest in the staked claims is held 50% by Sumac and 50% by Tri Origin. Dr. Alan Galley, P.Geo., a director of Tri Origin, is a "Qualified Person" under National Instrument 43-101, and he has reviewed and approved the scientific and technical information in this press release. For information about Tri Origin, please visit www.triorigin.com or SEDAR www.sedar.com. 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.
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Tri Origin Exploration Ltd
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DEVELOPMENT STAGE |
CODE : TOE.V |
ISIN : CA89557L1031 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Tri Origin is a cobalt and nickel exploration company based in Canada. Tri Origin develops cobalt, nickel, copper, gold, lead, silver and zinc in Australia, and holds various exploration projects in Australia and in Canada. Its main assets in development are WOODLAWN UNDERGROUND and WOODLAWN RETREATMENT in Australia and its main exploration properties are OVERFLOW, CALARIE, LEWIS PONDS and WOODLAWN MINING DISTRICT in Australia and RED LAKE EXTENSION / CONFEDERATION, BURNTBUSH, COCHENOUR and CITADEL CUSTOM GOLD (SURLUGA) in Canada. Tri Origin is listed in Canada and in Germany. Its market capitalisation is CA$ 20.9 millions as of today (US$ 16.8 millions, € 13.9 millions). Its stock quote reached its highest recent level on April 05, 2007 at CA$ 1.39, and its lowest recent point on March 18, 2020 at CA$ 0.01. Tri Origin has 99 370 000 shares outstanding. |