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Tri Origin Exploration Ltd

Publié le 06 avril 2010

Drilling Update at Woodlawn

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Mots clés associés :   Copper | Zinc |

Tri Origin Exploration's (TOE:TSX-V) affiliate company, TriAusMin (TOR:TSX, TRO:ASX) has released an update on positive results received from its ongoing drilling program at Woodlawn, NSW.  The release is as follows;

April 6, 2010

DRILLING CONFIRMS DEEP EXTENSIONS TO BASE METAL DEPOSITS AT WOODLAWN, NSW

TriAusMin, the registered Canadian trading name of Tri Origin Minerals Ltd. (TOR:TSX, TRO:ASX) is pleased to announce interim results from a preliminary drilling programme being conducted at its Woodlawn Project, 200 kilometers southwest of Sydney, NSW. The Company has intersected base metal-rich mineralization at significant depths below historic underground workings at the past-producing Woodlawn mine. A first deep hole has been completed to a depth of 1236.1 metres and a "wedge" or daughter hole started at 404 metres down the first hole has also been completed to a depth of 955.4 metres as measured from surface. The second hole is currently being completed and a wedge hole will be extended from it to investigate a strong down-hole electromagnetic geophysical anomaly detected during surveying just completed by the Company. Sample results from the first hole and its wedge cut have been received. Significant results are:

The wedge hole (WLTD009A) intersected 2.35 metres (approximate true thickness 2.00 metres) grading 0.9% copper, 1.3% lead and 13.8% zinc at 658.75 metres down-hole as measured from surface. This intersection is believed to represent the edge of the down-plunge extension of the "D" zone approximately 300 metres below the deepest level where it was previously mined.

The "parent" hole (WLTD009) intersected down-plunge extensions to mineralization representing the previously mined "I", "B" and "J" zones. In this hole these zones are represented by strongly altered rock containing metre-thick beds of massive pyrite and wide zones of disseminated pyrite across down-hole intervals of up to 60 metres.

Assaying through these zones revealed elevated base and precious metal values of up to 7 grams per tonne silver, 0.7% copper, 0.4% lead and 0.7% zinc across 1 metre at 535 metres down-hole at what is believed to be the down-plunge extension of the "I" zone and 2.2% zinc at 907 metres down-hole at the southern limit of the down-plunge extension of the "B" zone. At 1068 metres down-hole an 11 metre interval of sulphide-rich rock was intersected which is believed to represent the fringe of the down-plunge extension of the "J" zone. It was also anomalous in metal content with 1 metre samples returning values of up to 0.6% zinc, 0.5% copper and 4 grams per tonne of silver.

While in production, the Woodlawn open pit and underground mine produced approximately 13.4 million tonnes of high-grade ore from a number of separate, fault-bounded massive sulphide zones or lenses mined to a maximum depth of 600 metres below surface. At the commencement of this drilling programme, it was the Company's belief that some of these lenses remained open both at depth and at shallower levels along strike.

Management is very pleased to report that its first deep drill hole, completed with little geological data to be used as a guide, has intersected an ore grade extension to one of the lenses targeted. Very strong sulphide mineralization and alteration was intersected at a second, third and fourth anticipated target. Furthermore, geophysical surveying conducted in the second hole now in progress has returned a strong anomaly nearby the hole in the anticipated location of another targeted lens. This adds well-founded confidence to the Company's geological interpretations and its belief that significant new deposits remain to be discovered at Woodlawn.

These two holes are the commencement of a longer-term drilling programme designed to test for the possible occurrence of extensions to ore lenses or new deposits nearby the past-producing mine. A substantial Mineral Resource previously released by the Company exists in the vicinity of historic underground workings and it is TriAusMin's objective to add to this Resource through continued drilling at Woodlawn.

 

All samples are of sawn � NQ diameter drill core, sampled to geological intervals or nominal 1metre intervals. Drill core recovery through the sampled zones was generally 95 to100%. Samples were analysed at ALS Chemex Labs in Orange, NSW. Initial assays are by method ME-MS61, (48 elements) which is four acid digestion followed by ICP-MS and ICP-AES analysis. Base metals (Cu, Pb, Zn) greater than 1% and Ag >100 ppm are re-analysed by method ME-OG62, which is a four acid digest with HCL Leach and AAS finish. Gold analysis is by method Au-AA25, which is a 25g fire assay with AAS finish. TriAusMin inserts Certified Standards and Blanks at regular intervals to verify assay and sample preparation procedures.

 

The information in this report that relates to exploration results is based on information compiled by Mr David Hobby, an employee of the Company, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Hobby has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Hobby consents to the inclusion in the report of the matters in the form and context in which they appear based on information derived from his technical work. 

 

 

 

For further information, please visit www.triausmin.com or contact:

 

Dr. Robert Valliant, Chief Executive Officer and Executive Director

Tel:   +1 905 727 8688 (Toronto) info@triausmin.com  or

                                                                          

Mr. Jeff Quartermaine, Executive Director, Chief Financial Officer & Company Secretary

Tel:   +61 (0)2 9267 8000 (Sydney) info@trioriginminerals.com.au 

 

 

 

Tri Origin Exploration Ltd

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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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