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Tri Origin Exploration Ltd

Publié le 18 décembre 2007

Drilling commences to add to Tailings Resource at Woodlawn

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FOR IMMEDIATE RELEASE:

18 December, 2007            

 

DRILLING COMMENCES TO ADD TO TAILINGS RESOURCE AT WOODLAWN

 

Tri Origin Exploration Ltd. (TOE:TSX-V) is pleased to announce that it’s 51%-owned subsidiary, Tri Origin Minerals Ltd. (TRO:ASX) has commenced drilling at the North Tailings Dam as part of a bankable feasibility study in progress at  the Woodlawn Zinc-Copper Projects at Woodlawn, located 200 kilometres southwest of Sydney, NSW.

 

Three tailings dams, the North, South and West exist at Woodlawn as a result of the mining of over 13 million tonnes of high-grade copper, lead, zinc, silver ore conducted between 1978 and 1998 by previous operators.

 

Earlier this year, the Company had drilled the South and West Dams to obtain samples for metallurgical test work and resource estimation purposes. A Measured and Indicated Resource estimate was announced in June for the South and West tailings dams of:

 

6.98 million tonnes grading 0.55% copper, 1.34% lead, 2.31% zinc, 0.31 grams per tonne of gold and 30 grams per tonne of silver

 

An additional Inferred Resource of 1.61 million tonnes at similar grades located primarily in the South Dam was also calculated.

 

The current drill program at the North Dam will consist of approximately 55 holes to be drilled on a 75 metre by 75 metre nominal spacing to enable samples from the North Dam to be collected for detailed metallurgical evaluation, resource estimates to be undertaken and an optimum mine schedule to be developed for all three tailings dams. Through this work it is anticipated that the overall tailings resource tonnage for the South, West and North Dams will increase to more than 10 million tonnes.

 

Additional drilling will also be carried out on the South Dam to infill areas that were covered by water or not accessible during the previous drilling programme. This work is intended to upgrade part of the Inferred Resource at the South Dam into the Measured and Indicated Resource categories for mining study purposes.

 

Furthermore, the South and West Dam’s locked cycle metallurgical test work programme is drawing to a close. Results from this programme will determine the plant design criteria for tailings re-treatment as well as provide relevant inputs to the design of the North Dam metallurgical test work programme.

 

The results of this work will contribute to an optimum mine plan and the undertaking of an economic evaluation for the feasibility study on the Woodlawn tailings re-treatment project (WRP). The WRP is part of a bankable feasibility study now in progress by TRO which also includes the Woodlawn underground project (WUP) which is studying the re-development of the Woodlawn underground mine. The bankable feasibility study is scheduled for completion by the end of the first quarter of 2008.

 

For further information please contact:                                        

Tri Origin Exploration Ltd.                                                          

Dr. Robert Valliant, President                                     

 

Tel: (905) 294-9942.                                                        

Web page: www.triorigin.com                                         

E-mail: invest@triorigin.com                                             

 

Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin has leveraged exposure to mineral discoveries in Australia through its 51% equity interest in its subsidiary, Tri Origin Minerals Ltd.; a publicly traded company listed on the Australian Securities Exchange under the symbol TRO.

 

Tri Origin Exploration Ltd

EN DÉVELOPPEMENT
CODE : TOE.V
ISIN : CA89557L1031
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Tri Origin est une société d’exploration minière de cobalt et de nickel basée au Canada.

Tri Origin est en développement de projets de cobalt, de nickel, d'argent, de cuivre, d'or, de plomb et de zinc en Australie, et détient divers projets d'exploration au Canada et en Australie.

Ses principaux projets en développement sont WOODLAWN UNDERGROUND et WOODLAWN RETREATMENT en Australie et ses principaux projets en exploration sont OVERFLOW, CALARIE, LEWIS PONDS et WOODLAWN MINING DISTRICT en Australie et RED LAKE EXTENSION / CONFEDERATION, BURNTBUSH, COCHENOUR et CITADEL CUSTOM GOLD (SURLUGA) au Canada.

Tri Origin est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 20,9 millions CA$ (16,8 millions US$, 13,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 05 avril 2007 à 1,39 CA$, et son plus bas niveau récent le 18 mars 2020 à 0,01 CA$.

Tri Origin possède 99 370 000 actions en circulation.

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TOE 2008 Annual Report
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23/02/2010(Lewis Ponds)Affiliate commences airbone geophysical survey of Lewis Pond
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02/07/2008(Keewatin)ACQUIRES 100% INTEREST IN KEEWATIN PROPERTIES (BHP)
30/04/2008(Woodlawn Underground)Mineral Resources Upgraded and Feasibility Study Nearing Com...
07/04/2008(Red Lake Extension / Confederation)AIRBORNE AND GROUND GEOPHYSICAL PROGRAMS DEFINE NEW DRILL TA...
06/03/2008(Woodlawn Underground)Woodlawn Zinc-Copper Projects Update
29/01/2008(Red Lake Extension / Confederation)Land Holdings increased and Airborne Geophysical program com...
18/12/2007(Woodlawn Underground)Drilling commences to add to Tailings Resource at Woodlawn
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31/05/2010Key Gold Targets to be Evaluated as Field Season Commences
01/03/2010Acquires gold exploration property
25/01/2010DECLARES DIVIDEND-IN-KIND
22/01/2010Affiliate Successfully Listed on TSX
29/09/2009Announces Change of Record Date and Annual, General and Spec...
28/07/2009Announces Intention to Distribute Shares of AU
28/05/2009Releases Quarterly Financial Statements
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