Gold Reserve Inc

Published : May 02nd, 2007

Gold Intersected in Drilling & Additional Property Acquired

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FOR IMMEDIATE RELEASE:

GOLD INTERSECTED IN DRILLING & ADDITIONAL PROPERTY ACQUIRED, NORTH ABITIBI PROJECT, ONTARIO

MAY 2, 2007

 

Tri Origin Exploration Ltd. (TOE: TSX-V) is pleased to announce completion of a 1,302 metre 7 hole diamond drilling program at the North Abitibi project, located 150 kilometres north of Kirkland Lake, Ontario.  The holes tested 4 separate geological structures located within a 2 square kilometre area believed to have potential to host gold mineralization.

 

Anomalous gold (greater than 0.1 grams of gold per tonne) was detected in samples taken from 6 of the 7 holes and intersections containing over 1.0 gram of gold per tonne were returned from 3 of the holes.  Significant intervals from the 3 holes are as follows;

 

 

Drill Hole

From (m)

To (m)

Int (m)

Gold (g/t)

NA-07-01

201.8

202.4

0.6

1.04

NA-07-01

213.4

214.7

0.7

1.07

NA-07-02

75.6

76.4

0.8

1.32

NA-07-02

83.4

83.9

0.5

1.58

NA-07-02

91.5

99.6

8.1

1.55

NA-07-02

102.5

103.6

1.1

1.34

NA-07-02

158.8

159.5

0.7

1.07

NA-07-08

44.0

45.0

1.0

1.06

NA-07-08

59.0

61.0

2.0

1.86

NA-07-08

134.0

135.0

1.0

1.74

 

 

Management is pleased with the results of this program.  Gold was intersected in new areas which extend the exploration potential of the property.  Ground geophysical surveying and follow up diamond drilling is planned for the upcoming field season. 

 

Based on the results of this program an option agreement to acquire additional claims in the area has been entered into.  The new option will be incorporated into the Rockhaven/Vista Gold agreement and gives Tri Origin, Rockhaven and Vista Gold the right to acquire a 100% interest in 9 claims totalling 3,700 acres.  Currently, Tri Origin has the option to earn a 70% interest in the 3,380 acre North Abitibi property from Rockhaven Resources Ltd. and Vista Gold Corp. The new claims are located contiguous to both the north and south boundaries of the North Abitibi property.  It is believed by management that 2 of the gold-bearing structures intersected during the recent drill program extend across the newly acquired claims.

 

 

Gold assaying was conducted by Accurassay Laboratories of Thunder Bay, Ontario using a fire assay/atomic absorption method on 30 gram samples.  Samples were prepared for assay by Accurassay from sawn, NQ-size drill core taken from continuous intervals of drill core ranging from 0.4 to 1.2 metres in length. 

 

The work program and technical information contained in this report was supervised by Ken Rattee, an independent geologist who has more than 26 years experience, working predominantly in north-eastern Ontario and by Chris Pegg, a professional geologist and consultant to Tri Origin. 

 

 

 

For further information please contact:

Tri Origin Exploration Ltd.

Dr. Robert Valliant, President

 

Tel: (905) 294-9942.

Web page:www.triorigin.com

E-mail: invest@triorigin.com

Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin has leveraged exposure to mineral discoveries in Australia through its 51% equity interest in its subsidiary, Tri Origin Minerals Ltd.; a publicly traded company listed on the Australian Stock Exchange under the symbol TRO.

 

Gold Reserve Inc

DEVELOPMENT STAGE
CODE : GRZ.TO
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Gold Reserve is a gold development stage company based in United states of america.

Gold Reserve develops gold and copper in Venezuela.

Its main asset in development is BRISAS in Venezuela and its main exploration property is CHOCO 5 in Venezuela.

Gold Reserve is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 238.5 millions as of today (US$ 238.8 millions, € 182.8 millions).

Its stock quote reached its highest recent level on April 14, 2006 at CA$ 9.09, and its lowest recent point on December 12, 2008 at CA$ 0.29.

Gold Reserve has 78 720 047 shares outstanding.

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TORONTO (GRZ.TO)AMEX (GRZ)
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