Trelawney Resources Inc.

Published : February 14th, 2012

Intersects 165.00 Metres of 1.20 g/t Gold at C=C3=B4t=C3=A9

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Keywords :   Canada | Copper | Diamond | Gold | K Street | Recovery | Zircon |
 
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Trelawney Mining and Exploration Inc. SnapMail

FOR IMMEDIATE RELEASE
 

Trelawney Intersects 165.00 Metres of 1.20 g/t Gold at C�t� Lake


February 14, 2012 ‐ Toronto, Ontario ‐ Trelawney Mining and Exploration Inc. (the �Company� or �Trelawney�) (TSXV: TRR, Frankfurt: RTW) announces the results from 26 additional holes drilled on the C�t� Lake Deposit on the Chester Project located halfway between Timmins and Sudbury in Northern Ontario. The results are from the ongoing expansion and infill drilling on the C�t� Lake Deposit. Drilling continues to intersect wide zones of low to moderate grade gold mineralization.

The holes along the infill sections have been drilled at various angles to provide better variography in the upcoming resource estimate. Several of the infill holes have encountered diabase dykes on the 50‐metre infill sections resulting in some breaks in the continuity of the mineralization along the holes. These dykes, estimated to be approximately 20 metres wide, run sub‐parallel to the sections and were not unexpected as they can be seen on the magnetic maps. Minor additional infill drilling may be required in the vicinity of these dykes to convert the resource in this area to the indicated category.

The inferred resource of the C�t� Lake Deposit currently stands at 131 million tonnes grading 1.0 g/t for a total of 4.2 million ounces gold as reported in Trelawney�s press release dated March 7, 2011. To date, mineralization of the C�t� Lake Deposit has been intersected over a strike‐length of 1,200 metres and outcrops at two known locations 500 metres apart. The zone remains open along strike and at depth on all sections that have been drilled. In section, the zone attains widths of up to 300 metres. The mineralization, delineated by drilling to date, coincides well with a NE‐SWtrending IP anomaly. The C�t� Lake Deposit consists of low to moderate grade gold +/‐ copper mineralization which is associated with brecciated intermediate to felsic, and locally mafic intrusive rocks. The nature of the alteration and mineralization is indicative of a porphyry deposit.

Preliminary results of age dates for several samples submitted from the C�t� Lake mineralized zone have now been received. Two samples of unaltered and altered (biotite) tonalite which host the mineralized zone were analyzed using the U‐Pb zircon method at the Jack Satterly Geochronology Laboratory at the University of Toronto and returned ages of 2,738 and 2,741 +/‐ 1 Million years (Ma). Analysis of two molybdenite samples, one from a fracture coating in tonalite and the other from a Au‐rich quartz‐chalcopyrite‐molybenite vein in the C�t� Deposit, completed at the Radiogenic Isotopic Facility at the University of Alberta returned ages of 2,737 and 2,741 +/‐ 7 Ma. The similarity in the age dates complemented with geological studies, indicates the gold mineralization is of hypogene origin and provides additional strong evidence that the deposit is a true porphyry‐type gold deposit. Furthermore, this deposit now represents the oldest documented gold mineralization within the Abitibi subprovince.

Drilling continues on the Company�s vast land holdings in the Swayze area with a total of 10 Diamond drill rigs. The drill program on the C�t� Lake Deposit will continue with eight drills, with one focusing on expansion drilling and the remaining seven on infill drilling. The current warm winter weather has hampered mobility on the wetlands limiting drilling locations. Consequently, an additional lighter helicopter drill rig will be mobilized to cover less frozen areas. The final two drill rigs are conducting regional exploration and condemnation drilling.

Greg Gibson, Trelawney's President and CEO commented, �A significant portion of the results released today will be included in our upcoming resource estimate update. As we complete our second resource estimate from two years of Diamond drilling, the mineralized envelope of the C�t� Lake Deposit has still not been fully delineated. This truly demonstrates the significant potential of this new and unique discovery.�

C�t� Lake Deposit Drilling Results



Trelawney has implemented a quality‐control, quality assurance program to ensure best practice principals are being applied in the sampling and analysis of the drill core. Samples are crushed to ‐8 mesh then a 1,000 gram subset of each sample is pulverized to 90% passing ‐150 mesh. Assays have been completed using a standard fire assay with a 30 gram aliquot and an AA finish. For samples that return values of between two to five grams per tonne gold, another pulp is taken and fire assayed with a gravimetric finish. Samples returning values greater than 5 grams per tonne are reanalyzed by pulp metallic analysis, NQ size drill core is saw cut, and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. The drill core is transported in security‐sealed bags to the Accurassay prep lab in Sudbury, Ontario by Trelawney personnel. Accurassay is an ISO/IEC 17025 certified Laboratory by the Standards Council of Canada. In addition to quality assurance controls at the laboratory, blanks and certified standards have been inserted into the sample stream at random intervals.

David Beilhartz, Vice‐President, Exploration of Trelawney, a Qualified Person under NI 43‐101, has prepared or supervised the scientific and/or technical information for the property and verified the data disclosed in this press release.

Trelawney is a Canadian junior mining and exploration company with a focus on Archean gold deposits. The Company's current focus is directed towards the continued exploration and development of the C�t� Lake Deposit, located in Chester Township, 20 kilometres southwest of Gogama, Ontario.

For further information contact:
Greg Gibson, President and CEO
416‐363‐8567 or ggibson@trelawneymining.com

Neither the 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 news release may contain forward‐looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward‐looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.



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Trelawney Mining and Exploration Inc.
130 King Street West, Suite 2810
Toronto Ontario Canada
M5X 1A4

Tel: 416-363-8567
Email: info@trelawneymining.com
Web: www.trelawneymining.com
 
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Trelawney Resources Inc.

DEVELOPMENT STAGE
CODE : TRR.V
CUSIP : 988914 10 7
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Trelawney is a gold exploration company based in Canada.

Its main asset in development is CHESTER ONE in Canada and its main exploration properties are MASSEY, MISHI, DORSET PROJECT and COTE LAKE in Canada.

Trelawney is listed in Canada and in United States of America. Its market capitalisation is CA$ 583.5 millions as of today (US$ 568.8 millions, € 452.6 millions).

Its stock quote reached its lowest recent point on April 09, 2009 at CA$ 0.01, and its highest recent level on July 15, 2011 at CA$ 5.91.

Trelawney has 177 366 000 shares outstanding.

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Financings of Trelawney Resources Inc.
5/17/2011Announces Filing of Preliminary Prospectus
5/10/2011Announces $50.0 Million Bought Deal Public Offerin
Nominations of Trelawney Resources Inc.
2/7/2012Announces Appointment of V.P. Environmental & Sust
7/4/2011Announces Appointment of Officers and Grant of Sto
Project news of Trelawney Resources Inc.
6/12/2012Intersects 316.00 Metres of 1.38 G/T Gold and 312.
5/15/2012Intersects 155.00 Metres Of 1.31 g/t Gold And 115.
4/10/2012Files NI 43-101 Technical Report and Resource Esti
3/5/2012Intersects 212.00 Metres of 2.09 g/t Gold from Inf
2/25/2012Announces Updated Resource of 5.9 Million Ounces I
2/14/2012Intersects 165.00 Metres of 1.20 g/t Gold at C=C3=B4t=C3=A9
12/6/2011intersects 583.00 metres of 0.77 g/t gold at C=C3=B4t=C3=A9
10/15/2011Commences Compulsory Acquisition of Augen Gold Cor
9/19/2011Intersects 93.00 Metres of 1.68 g/t Gold from Cont
9/10/2011Completes Acquisition of 21.6% Interest in Claim 2
8/29/2011Intersects 356.00 Metres of 1.35 g/t Gold from Con
8/26/2011MINING AND EXPLORATION INC. AND AUGEN GOLD CORP.
7/27/2011Uncovers New Exposure of C=C3=B4t=C3=A9 Lake Mineralization
6/20/2011Intersects 337.00 Metres of 0.94 g/t Gold at C=C3=B4t=C3=A9
5/30/2011(Chester One)Intersects 170.20 Metres of 1.01 g/t Gold Extends
4/4/2011Trelawney Intersects 304.00 Metres of 1.65 g/t Gold in 200=E...
3/7/2011(Cote Lake)Announces Initial Mineral Resource Estimate of 4.2 Million O...
2/26/2011Trelawney Announces Acquisition of Chester Mining Claims and
2/25/2011(Chester One)Announces Acquisition of Chester Mining Claims and Geologica...
2/14/2011(Cote Lake)Preliminary Metallurgical Testwork Yields Excellent Results ...
2/8/2011(Chester One)Intersects 243.10 Metres of 1.31 g/t Gold at the C
1/25/2011(Dorset Project)Intersects 95.40 Metres of 1.85 g/t Gold at the Co
Corporate news of Trelawney Resources Inc.
6/6/2012ISS And Glass Lewis Recommend That Trelawney Shareholders
3/29/2012Enters into Restated Amending Agreement on the Che
3/1/2012Trelawney Enters into Option Agreement with Falcon Gold to A
1/10/2012President Greg Gibson presenting at Dahlman Rose C
11/28/2011Completes Previously Announced Offering
11/24/2011at 2011 San Francisco Hard Assets Investment Confe
9/23/2011announces expiry of bid and additional tender of A
9/13/2011Announces that 87% of Augen Gold Corp. Shares have
8/11/2011provides update on offer for Augen Gold Corp.
8/9/2011Secures Additional Lock-up Agreements; 57% of Auge
7/28/2011Mails Offer Circular and Letter to Shareholders
7/11/2011Announces Intention to Make an Offer to Acquire Augen Gold C...
4/1/2011recognized as a TSX Venture 50 company
12/1/2010Provides Chester Project Exploration Update
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TSX-V (TRR.V)
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