Trelawney Intersects 337.00 Metres of 0.94 g/t Gold at Cote Lake
Published : June 20, 2011
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Keywords :   Canada | Copper | Diamond | Gold | Market | Recovery |

TORONTO, ONTARIO--(Marketwire - June 20, 2011) - Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (News - Market indicators)(FRANKFURT:RTW) announces additional drill results from the Côté Lake Deposit on the Chester Project located halfway between Timmins and Sudbury in northern Ontario. Highlights of the current drilling include:

  • Hole E11-60 – 158.90 metres of 0.97 g/t gold
  • Hole E11-61 – 123.00 metres of 1.42 g/t gold
  • Hole E11-62 – 172.50 metres of 1.18 g/t gold
  • Hole E11-64 – 116.40 metres of 0.88 g/t gold
  • Hole E11-65 – 337.00 metres of 0.94 g/t gold

The expansion and infill drilling on the Côté Lake Deposit continues to intersect wide zones of low to moderate grade gold mineralization. The inferred resource of the Côté 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 March 7, 2011 press release. The majority of the results released today are from holes located in the wetlands area which was the focus of the winter drill program and confirm or expand on this mineralization. Hole E11-62, located on section 86+00E is 300 metres to the southwest along strike of the inferred resource.

Mineralization of the Côté Lake Deposit has 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 Côté 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 Côté 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 on the Côté Lake Deposit has been expanded to include six drills. Currently, three drills continue with the expansion drilling and three have commenced infill drilling. An additional drill is currently testing other historical occurrences on the property.

Greg Gibson, Trelawney's President and CEO commented, "We continue to be encouraged with the results of the expansion drilling and our belief that our inferred resource can be significantly expanded. With the addition of more drills we are now accelerating our infill program. This should enable us to start upgrading the resource into the indicated category and allow us to rapidly move the project forward."

Côté Lake Deposit Drilling Results:

Section Hole From To Length Gold (g/t) Au cut Grade Gold (oz/t) Comments
(m) (m) (m) uncut cut to 25g/t* uncut
89+00E E11-60 22.25 30.00 7.75 3.01   0.09 partial infill
    99.50 114.00 14.50 0.80   0.02  
    125.00 126.00 1.00 1.22   0.04  
    136.00 137.15 1.15 1.69   0.05  
    153.00 154.00 1.00 5.99   0.17  
    179.00 180.00 1.00 9.00   0.26  
    237.00 395.90 158.90 0.97   0.03  
  incl 288.90 323.00 34.10 2.31   0.07  
                 
91+50E E11-61 8.00 16.00 8.00 1.50   0.04 infill
    37.40 38.40 1.00 1.47   0.04  
    54.00 177.00 123.00 1.42   0.04  
  incl 156.00 163.00 7.00 9.87   0.29  
    194.00 195.00 1.00 1.30   0.04  
    204.00 209.00 5.00 1.84   0.05  
    225.00 228.00 3.00 1.11   0.03  
                 
86+00E E11-62 13.00 25.10 12.10 0.66   0.02 outside resource
    47.50 220.00 172.50 1.18 0.90 0.03  
  incl 121.50 220.00 98.50 1.75 1.25 0.05  
    242.50 243.50 1.00 4.76   0.14  
    259.30 260.30 1.00 2.35   0.07  
    278.30 279.30 1.00 3.70   0.11  
                 
91+00E E11-64 153.00 156.00 3.00 1.74   0.05 infill
    187.00 189.00 2.00 2.90   0.08  
    260.00 261.30 1.30 1.10   0.03  
    285.00 288.00 3.00 1.11   0.03  
    293.00 294.00 1.00 1.33   0.04  
    298.00 299.00 1.00 1.22   0.04  
    320.30 321.00 0.70 6.50   0.19  
    363.00 366.00 3.00 1.60   0.05  
    377.00 378.00 1.00 18.17   0.53  
    398.00 514.40 116.40 0.88   0.03  
                 
91+00E E11-65 105.00 106.00 1.00 6.45   0.19 partial infill
    131.00 468.00 337.00 0.94   0.03  
  incl 131.00 247.50 116.50 1.33   0.04  
  incl 278.50 280.50 2.00 4.67   0.14  
  incl 304.00 426.00 122.00 0.95   0.03  
  incl 446.00 447.00 1.00 5.94   0.17  
  incl 458.70 459.70 1.00 1.54   0.04  
  incl 465.70 468.00 2.30 6.72   0.20  
Notes
True widths of intersections are unknown at this time.
*Only intervals with assays cut to 25 g/t gold are shown.
  Intervals are graded with a lower cut of 0.30 g/t with internal waste and low grade material within graded zones of up to 20 metres in length

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 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 of Trelawney, 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.

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.

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.

Trelawney Mining and Exploration Inc.
Greg Gibson
President and CEO
416-363-8567
ggibson@trelawneymining.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Trelawney Resources Inc.

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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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