Gold One International Ltd

Published : August 31st, 2016

TMI Intersects 7 oz/t Gold over 1.5 Metres at Depth and 4 g/t AuEq over 6.1 Metres in Near-surface V

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   9/11 | Gold | Growth | Market | Recovery | Silica | Silver | Target | Taxes | Utah | Water |

NEWS RELEASE: 16-20

TSX Symbols: TMI and TMI.B

US OTCQX Symbols: TMIAF and TMIBF

TriMetals Mining Inc. Intersects Seven oz./t Gold over 1.5 Metres at Depth and 4 g/t AuEq over 6.1 Metres in Near-surface Vein in Thor Vein System within the Gold Springs Project

August 30, 2016, Vancouver, British Columbia—TriMetals Mining Inc. (TSX: TMI and TMI.B, US OTCQX: TMIAF and TMIBF), (the "Company”), is pleased to announce the drill results from 2 ½ holes on the patented Talisman claim located in Nevada close to the Utah border.

The first hole intersected very high grade material within a vein system characterized by quartz veins with bladed and banded textures. The vein sits within a wide zone of mineralized material which is described later in this release. Results from the high-grade portion of the vein zone are shown below:

RC Hole From (metres) To
(metres)
Thickness (metres) Au g/t Ag g/t AuEq g/t AuEq oz/t
T-16-001 179.8 181.4 1.5 215.42 203.8 218.71 7.032
Within:
  179.8 187.4 7.6 44.774 58.32 45.72 1.47
True width not known. Average grades for intervals shown are heavily influenced by the
high grade 215 g/t gold interval (average uses a 0.1 g/t AuEq cutoff). Gold Equivalent
(AuEq) uses a Ag/Au ratio of 61.9 and assumes 100% metallurgical recoveries.
g = grams oz = ounces t = tonne

Ralph Fitch President and CEO, stated "We have finally intersected some very high grade material which we have historically found in float. This is a great start to our drilling program.”

All three RC holes reported here also intersected a second high-grade near surface vein which is projected to sub-crop 25 m west of T-16-002, below post-mineral colluvium cover. The vein dips to the East at approximately 35 degrees and is seen in all 3 holes in the drill section. These results are shown below:

RC Hole From (metres) To
(metres)
Thickness (metres) Au g/t Ag g/t AuEq g/t
T-16-001 18.3 19.8 1.5 2.58 42.2 3.26
T-16-002 13.7 15.2 1.5 12.63 77.3 13.88
  within          
  12.2 18.3 6.1 4.47 45.73 5.2
T-16-003 13.7 19.8 6.1 3.43 51.6 4.26
True width 80-95% of width shown. Average grade uses a 0.1 g/t AuEq cutoff.
Gold Equivalent (AuEq) uses a Ag/Au ratio of 61.9 and assumes 100%
metallurgical recoveries.

Ralph Fitch President and CEO, went on to say "These excellent and consistent near- surface results are exactly the type of material we need to find to accomplish our goal of putting together a modest sized higher-grade resource for a "starter pit”. A higher-grade starter pit has the potential to significantly enhance the already positive economics of the project described in our PEA”.

These first three holes are located approximately 75 metres south of our holes drilled in 2011 in the Thor area (T-11-02 and T-11-03). T-11-02 may have intersected the same vein (3m @2.29 g/t Au and @42 g/t Ag) but further drilling is required to confirm this. The three holes outline approximately 50 metres of down-dip extent of the vein. Additional holes will be drilled to further define this vein later in the program once we have received the results from all 10 holes drilled to date in the Thor area.

The location of the holes is in the middle of the 1.6 km strike length of the ZTEM high resistivity feature that has historically been associated with gold mineralization.

The "high-grade” vein intercept described from T-16-001 is located within a wide zone of stock-working quartz veins near to the boundary between the typical andesite volcanic host and a deeper rhyolite. This zone is sufficiently wide that it might make an "open-pit” target similar to Jumbo or Grey Eagle. Further drilling will be needed to both define the extent of the very high-grade material and the lower grade bulk-tonnage material.

The wide zone of mineralized material surrounding the high-grade is shown below:

 
RC Hole From (metres) To
(metres)
Thickness (metres) Au g/t Ag g/t AuEq g/t AuEq oz/t
T-16-001 179.8 181.4 1.5 215.42 203.8 218.71 7.032
  181.4 182.9 1.5 3.31 59.7 4.27  
  182.9 184.4 1.5 0.726 9.1 0.87  
  184.4 185.9 1.5 3.546 12.8 3.75  
  185.9 187.4 1.5 0.869 6.2 0.968  
Average 179.8 187.4 7.6 44.774 58.32 45.72 1.47
  within            
Broader zone of Mineralization:
With high grade
215 g/t interval
included*
147.8 230.1 82.3 4.34 8.44 4.47 0.144
With high grade 215 g/t interval excluded and replaced with 3 g/t Au 147.8 230.1 82.3 0.4 8.44 0.54 0.017
True width not known. *Average grades for intervals shown heavily influenced by the high grade
215 g/t gold interval (average uses a 0.1 g/t AuEq cutoff). Gold Equivalent (AuEq) uses a Ag/Au
ratio of 61.9 and assumes 100% metallurgical recoveries

RC hole T-16-002 may also have intersected the same broad zone of mineralization but at a lower grade:

 
RC Hole From (metres) To
(metres)
Thickness (metres) Au g/t Ag g/t AuEq g/t
T-16-002 115.8 202.7 86.9 0.18 2.58 0.23
including 189 193.6 4.6 1.46 9.1 1.6
True width is not known. Average grade uses a 0.1 g/t AuEq cutoff. Gold
Equivalent (AuEq) uses a Ag/Au ratio of 61.9 and assumes 100% metallurgical recoveries

Only results from the upper portion of RC hole T-16-003 have been received to date.

The Talisman claim purchase was completed last year. This claim includes portions of the historic Thor Vein located in Nevada close to the Utah border. This area is comprised of a portion of 3 of the 26 areas of outcropping gold mineralization, that TMI press releases often refer to when illustrating the potential of the large 74.7 sq km Gold Springs exploration property in safe, mining friendly Nevada and Utah. Outcrop areas, Silica Hill/Thor, Silica Hill Extension and North Jennie are all part of a large ZTEM resistivity anomaly which includes the Thor Vein System.

About TriMetals Mining Inc.

TriMetals Mining Inc. is a growth focused mineral exploration company creating value through the exploration and development of the near surface, Gold Springs gold-silver project in mining friendly Nevada and Utah in the U.S.A.

The Company’s approach to business combines the team’s track record of discovery and advancement of large projects, key operational and process expertise, and a focus on community relations and sustainable development. Management has extensive experience in the global exploration and mining industry.

The Company’s common shares and Class B shares are listed on the Toronto Stock Exchange under the symbols "TMI” and "TMI.B” and the common shares and Class B shares also trade on the OTCQX market under the symbol "TMIAF” and "TMIBF”. Additional information related to TriMetals Mining Inc. is available at www.trimetalsmining.com and on SEDAR at www.sedar.com.

Qualified Person

The Qualified Person on the Gold Springs property is Randall Moore, Executive Vice President of Exploration – North America of TriMetals Mining Inc. and he has reviewed and approved the content of this press release.

Assay Method

TMI Assays were performed in Reno, Nevada by Buena Vista Laboratories, an ISO 9001:2000

Certified laboratory. Gold was analyzed by fire assay of a 30-gram sample with an AAS finish with samples assaying greater than 10 g/t re-assayed using a 30-gram sample and a gravity finish. All other elements were analyzed by a four acid leach ICP method coded MA300.

 

Quality Assurance and Quality Control

Approximately 15 kg of RC chips were sent to the laboratory for each 1.52 metre drill interval. Fifteen percent of the samples submitted by the Company are blanks and standards for QA/QC purposes. In addition, the laboratory also includes duplicates of samples, standards and blanks. The results of these check assays are reviewed prior to the release of data. All RC chip sample assays are also reviewed for their geological context and checked against the drill logs.

 

Forward Looking Statements

Certain statements contained herein constitute "forward-looking statements”. Forward looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "target”, "projected, "may”, "will”, "goal”, "potential” and similar expressions.Interpretations of exploration results, including the strength of mineralization, are also forward-looking statements. These forward- looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations if known and unknown risks or uncertainties affect our business or if our estimates or assumptions prove inaccurate. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, risks of the mineral exploration industry which may affect the advancement of the Gold Springs project, including possible variations in mineral resources, grade, recovery rates, metal prices, capital and operating costs, and the application of taxes; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; availability of equipment and qualified personnel, failure of equipment or processes to operate as anticipated, changes in project parameters, including water requirements for operations, as plans continue to be refined; regulatory, environmental and other risks of the mining industry more fully described in the Company’s Annual Information Form and continuous disclosure documents, which are available on SEDAR at www.sedar.com. The assumptions made in developing the forward-looking statements include: the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the continuing support for mining by local governments in Nevada and Utah; the availability of equipment and qualified personnel to advance the Gold Springs project; execution of the Company’s existing plans and further exploration and development programs for Gold Springs, which may change due to changes in the views of the Company or if new information arises which makes it prudent to change such plans or programs.

Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Except as required by law, TMI assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. Unless otherwise indicated, forward-looking statements in this press release describe the Company’s expectations as of August 30, 2016.

TriMetals Mining Inc. Contact:

Ralph Fitch
President & CEO
303.584.0606
ralphfitch@trimetalsmining.com

Matias Herrero
Chief Financial Officer
303.584.0606
mherrero@trimetalsmining.com

This e-mail was sent to newsrelease@24hgold.com from
TriMetals Mining Inc
to unsubscribe from this mailing list.
Powered

Gold One International Ltd

PRODUCER
CODE : GDO.AX
ISIN : AU000000GDO5
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Gold One is a gold development stage company based in South africa.

Its main assets in production are SUB NIGEL & SPAARWATER and MODDER EAST in South Africa and its main exploration properties are NEW KLEINFONTEIN & TURNBRIDGE, HOLFONTEIN and VENTERSBURG in South Africa and ETENDEKA in Namibia.

Gold One is listed in Australia, in Germany, in South Africa and in United States of America. Its market capitalisation is AU$ 242.1 millions as of today (US$ 213.2 millions, € 156.2 millions).

Its stock quote reached its lowest recent point on April 03, 2009 at AU$ 0.01, and its highest recent level on May 15, 2009 at AU$ 12.00.

Gold One has 807 080 905 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Gold One International Ltd
2007 Annual report
Nominations of Gold One International Ltd
11/3/2008 appoints Macquarie First South Advisors
Financials of Gold One International Ltd
10/29/2015Third quarter update on gold operations at Palito and Sao Ch...
7/28/2015Serabi Gold plc : Second quarter update on gold operations a...
4/16/2015Serabi Gold plc : First quarter update on Serabi's Tapajos g...
Project news of Gold One International Ltd
2/27/2014Pilot Gold reports 6.85 g/t gold over 41.7 metres at Western...
2/18/2014Melkior intersects 6.20 g/t Gold over 10.5 metre=?utf-8?Q?s_...
1/13/2014Beaufield Intersect 3=2E92 g/t Gold Over 13=2E40 Metres Near...
1/9/2014Pilot Gold reports 2.00 g/t oxide gold over 35.0 metres at K...
11/18/2013Pilot Gold reports 8.53 g/t gold over 36.6 metres at Kinsley...
11/1/2013Pilot Gold reports 0.60 g/t oxide gold over 81.0 metres at K...
10/1/2013ROBEX/Exploration Permit Moussala: RC Drilling Up to 18=2E56...
7/23/201315.3 g/t gold over 45.2 metres at KCD target, TV Tower
3/19/2013Pilot Gold drills 25.7 g/t gold over 16.5 metres, further de...
1/22/2013Pilot Gold reports 227 g/t gold over 12=2E0 metres from meta...
1/15/2013Tembo Gold Report First Deep Diamond Drill Hole of 22.81 g/t...
1/9/2013Pilot Gold reports 14.9 g/t gold over 14.1 metres from 50-me...
11/14/2012Pilot Gold reports 11.63 g/t gold over 32.5 metres at TV Tow...
9/5/2012Pilot Gold reports 13.7 metres of 6.03 g/t gold on west side...
8/8/2012El Gallo Phase 1 Production Area DrillingEncounters More Gol...
10/5/201110 g/t Gold over 13 Metres Intersected on Upper Montrose Zon...
8/10/2011Pilot Gold intersects 1=2E87 g/t gold over 48=2E0 metres in ...
2/10/2009(Modder East)Modder East intersects first reef
1/28/2009(Sub Nigel & Spaarwater)hoists first ore at recommissioned Sub-Nigel
1/21/2009(Modder East)Shareholders give thumbs up to Aflease/BMA union
Corporate news of Gold One International Ltd
1/13/2014Melkior and Beaufield intersect 3.92 g/t gold over 13.40 met...
9/3/2013Western Pacific Reports Sampling of up to 20.9 g/t Gold Over...
3/21/2013Red Cloud Congratulates Tyhee Gold on Nomination of Richard...
1/30/2013Tembo Gold Reports Drill Hole TRC0003 at Ngula 1 With 4.73 g...
1/29/2013Pilot Gold reports 2.33 g/t gold over 93.5 metres in step-ou...
9/5/2012Tembo Gold Drills 10.17g/t of Gold Over 6m Including 19.1g/t...
9/4/2012Comstock samples 3.31 g/t Gold over 95 m at VG Zone on QV Pr...
9/4/2012Tucano Gold Ore Resource and Reserve Update
8/21/2012Taku Drills 0.95gpt Gold Over 23.4m at Rosebute in White Gol...
7/16/2012Pilot Gold reports 5.48 g/t gold over 20.4 metres from core ...
5/10/2012Bonterra Assays 73.82 G/T Gold Over 3.0 Metres At The New Ri...
4/12/2012Marathon - Marathon Gold Hits 12.4 g/t Gold Over 5.2 Meters ...
4/10/2012Drilling Intersects 78 Grams per Tonne Gold on Destiny Gold ...
3/13/2012Tembo Gold Reports 16.10 g/t Au Over 3.00 Meters and 3.13 g/...
2/27/2012Marathon - Marathon Gold Hits 2.20 g/t Gold Over 26.2 Meters...
2/10/2012Initial Pilot Gold drilling returns 5.91 g/t gold over 18.4 ...
2/9/2012Assays for Upper Montrose Zone in DDH-MON-11-28 have 7.91g/t...
1/31/2012BONTERRA CONTINUES DISCOVERING HIGH GRADE GOLD ON ITS EASTER...
1/10/2012Marathon - Marathon Gold Intersects 1.48 g/t Gold Over 42.5 ...
12/9/2011Taku Intersects 2.3 Grams per Tonne Gold Over 1.0m at Portla...
12/5/2011Marathon - Marathon Gold Intersects 4.59 g/t Gold Over 18.1 ...
10/26/2011Marathon - Marathon Gold Intersects 2.05 g/t Gold Over 30.8 ...
10/11/201143.7 Grams/Tonne Gold Over 7.4 Metres Intersected on Southwe...
9/7/2011BonTerra Drills 14.85 g/t Gold over 15.3 Metres at Eastern E...
9/7/2011Marathon - Marathon Intersects 5.15 g/t Gold Over 29.2 Meter...
8/10/2011Marathon - Marathon Gold Intersects 8.26 g/t Gold over 5.5m ...
8/9/2011Marathon - Marathon Expands It's "Heart of Gold" with 16.15g...
7/27/2011Marathon - Marathon Continues Successful Results at Leprecha...
3/24/2011Auriga Gold's Drilling at Maverick Gold Project, Manitoba, I...
2/6/2009High court sanctions scheme of arrangement
2/2/2009Strategic and operation update
1/29/2009COMPETITION COMMISSION AND FOREIGN INVESTMENT
1/13/2009secures additional funding for Modder East completion
12/19/2008Scheme of arrangement update
12/15/2008Dealing in securities by directors
12/12/2008Change to the board of directors
12/10/2008Withdrawal of cautionary announcement
12/2/2008acquires prospective Mozambique concession
11/26/2008TRADING STATEMENT, ACQUISITION ISSUE, FINANCIAL EFFECTS...
11/20/2008BMA Gold deal creates new international gold company
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (GDO.AX)JSE (GDO.JSE)
0.300+0.00%285.00+0.00%
AUSTRALIA
AU$ 0.300
01/29 13:54 -
0%
Prev close Open
0.300 0.295
Low High
0.295 0.300
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.300 -%
Volume 1 month var.
245,319 -%
24hGold TrendPower© : 34
Produces Gold
Develops
Explores for Copper - Gold - Iron
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/12/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.29+2.30%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55+2.59%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.46-2.38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.85-1.25%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.83-3.68%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.97+1.05%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :