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Trelawney
Intersects 170.20 Metres of 1.01 g/t Gold Extends
Strike of Mineralization 300 Metres Southwest of
Initial Resource
May
26, 2011 - Toronto, Ontario - Trelawney Mining and Exploration Inc. (the
�Company� or �Trelawney�) (TSXV:
TRR, Frankfurt: RTW)
announces additional drill results from the C�t� Lake Deposit on the Chester Project located
halfway between Timmins and Sudbury in northern Ontario. Highlights of the current drilling include:
- Hole
E11-50 � 117.00 metres of 1.05 g/t gold
- Hole
E11-55 � 72.00 metres of 2.25
g/t gold
- Hole
E11-56 � 153.00 metres of 1.64 g/t gold
- Hole
E11-57 � 133.00 metres of 1.10 g/t gold
- Hole
E11-63 � 170.20 metres of 1.01 g/t gold
Expansion drilling
of the C�t� Lake Deposit continues to intersect
wide zones of low to moderate grade gold mineralization. The majority
of the results released today are expansion holes to the inferred resource
of the C�t� Lake Deposit which currently stands
at 131 million tonnes grading 1.0 g/t gold for a
total of 4.2 million ounces gold as reported in Trelawney�s press release
dated March 7, 2011. Hole E11-63, collared
on section 86+00E (along with results from the April 4, 2011 press release)
has extended the mineralization 300 metres to the
southwest along strike of the inferred resource. The majority of the
remaining holes expand on the mineralization closer to the current resource
as noted in the attached table.
Including drill results released today, mineralization of the C�t� Lake Deposit has now been intersected over a
strike-length of 1,000
metres and 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-SW-trending IP anomaly. Results of the IP survey over the C�t� Lake Deposit area suggest additional strike
extensions of the mineralization are possible. Trelawney continues to
follow the mineralization along this trend by diamond drilling.
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.
Mineralization occurs in the form of disseminated and fracture-controlled
sulfides which generally correlate to the gold values. Visible gold
is commonly observed. The zones are bleached with the prevalent
alteration being feldspathic, chloritic
and biotitic. The nature of the alteration and mineralization is
indicative of a porphyry-style deposit.
The expansion and exploration drill program continues with four drills
currently working on the C�t� Lake Deposit. Three
drills continue with the expansion drilling and the fourth commencing
infill drilling.. A fifth drill is currently
testing other historical occurrences on the property.
Greg Gibson, Trelawney's President and CEO commented, �We are very pleased
with the results of this portion of the expansion drilling. These
results continue to confirm our belief that our initial resource estimate
can be significantly expanded. We will continue to test the limits of the
resource to the full potential of this exciting discovery. As we continue
to drill we have also initiated various environmental and engineering
studies to aid in moving the project forward as quickly as possible.�
C�t� Lake Deposit Drilling Results:
Trelawney Mining and Exploration 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 five grams per tonne are re-analyzed 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 for
Trelawney Mining and Exploration, a Qualified Person under NI 43-101, has
prepared or supervised the scientific 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 development and continued exploration
of the Chester Project, 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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