TriMetals drills 1.5 m of 7.03 oz/ton AuEq at Talisman
TriMetals Mining Inc (C:TMI)
Shares Issued 153,286,553
Last Close 8/29/2016 $0.285
Tuesday August 30 2016 - News Release
Mr. Ralph Fitch reports
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
TriMetals Mining Inc. has released the drill results from two one-half 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:
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RC Hole From To Thickness Au g/t Ag g/t AuEq g/t AuEq oz/t
(metres) (metres) (metres)
----------------------------------------------------------------------------
T-16-001 179.8 181.4 1.5 215.42 203.80 218.71 7.032
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Within:
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179.8 187.4 7.6 44.774 58.32 45.72 1.470
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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:
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RC Hole From To Thickness Au g/t Ag g/t AuEq g/t
(metres) (metres) (metres)
----------------------------------------------------------------------------
T-16-001 18.3 19.8 1.5 2..58 42.20 3.26
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T-16-002 13.7 15.2 1.5 12.63 77.3 13.88
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within
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12.2 18.3 6.1 4.47 45.73 5.2
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T-16-003 13.7 19.8 6.1 3..43 51.6 4.26
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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 To Thickness Au g/t Ag g/t AuEq AuEq
(metres) (metres) (metres) g/t oz/t
----------------------------------------------------------------------------
T-16-001 179.8 181.4 1.5 215.42 203.80 218.71 7.032
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181.4 182.9 1.5 3.310 59.7 4.27
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182.9 184.4 1.5 0.726 9.10 0.87
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184.4 185.9 1.5 3.546 12.80 3.75
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185.9 187.4 1.5 0.869 6.2 0.968
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Average 179.8 187.4 7.6 44.774 58.32 45.72 1.470
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within
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Broader zone of Mineralization:
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With high grade 147.8 230.1 82.3 4.34 8.44 4.47 0.144
215 g/t interval
included*
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With high grade 147.8 230.1 82.3 0.40 8.44 0.54 0.017
215 g/t interval
excluded and
replaced with 3
g/t Au
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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:
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RC Hole From To Thickness Au g/t Ag g/t AuEq g/t
(metres) (metres) (metres)
----------------------------------------------------------------------------
T-16-002 115.8 202.7 86.9 0.18 2.58 0.23
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including 189.0 193.6 4.6 1.46 9.10 1.60
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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.
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.
We seek Safe Harbor.
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