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Gold Reserve Inc

Publié le 02 mai 2007

Gold Intersected in Drilling & Additional Property Acquired

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FOR IMMEDIATE RELEASE:

GOLD INTERSECTED IN DRILLING & ADDITIONAL PROPERTY ACQUIRED, NORTH ABITIBI PROJECT, ONTARIO

MAY 2, 2007

 

Tri Origin Exploration Ltd. (TOE: TSX-V) is pleased to announce completion of a 1,302 metre 7 hole diamond drilling program at the North Abitibi project, located 150 kilometres north of Kirkland Lake, Ontario.  The holes tested 4 separate geological structures located within a 2 square kilometre area believed to have potential to host gold mineralization.

 

Anomalous gold (greater than 0.1 grams of gold per tonne) was detected in samples taken from 6 of the 7 holes and intersections containing over 1.0 gram of gold per tonne were returned from 3 of the holes.  Significant intervals from the 3 holes are as follows;

 

 

Drill Hole

From (m)

To (m)

Int (m)

Gold (g/t)

NA-07-01

201.8

202.4

0.6

1.04

NA-07-01

213.4

214.7

0.7

1.07

NA-07-02

75.6

76.4

0.8

1.32

NA-07-02

83.4

83.9

0.5

1.58

NA-07-02

91.5

99.6

8.1

1.55

NA-07-02

102.5

103.6

1.1

1.34

NA-07-02

158.8

159.5

0.7

1.07

NA-07-08

44.0

45.0

1.0

1.06

NA-07-08

59.0

61.0

2.0

1.86

NA-07-08

134.0

135.0

1.0

1.74

 

 

Management is pleased with the results of this program.  Gold was intersected in new areas which extend the exploration potential of the property.  Ground geophysical surveying and follow up diamond drilling is planned for the upcoming field season. 

 

Based on the results of this program an option agreement to acquire additional claims in the area has been entered into.  The new option will be incorporated into the Rockhaven/Vista Gold agreement and gives Tri Origin, Rockhaven and Vista Gold the right to acquire a 100% interest in 9 claims totalling 3,700 acres.  Currently, Tri Origin has the option to earn a 70% interest in the 3,380 acre North Abitibi property from Rockhaven Resources Ltd. and Vista Gold Corp. The new claims are located contiguous to both the north and south boundaries of the North Abitibi property.  It is believed by management that 2 of the gold-bearing structures intersected during the recent drill program extend across the newly acquired claims.

 

 

Gold assaying was conducted by Accurassay Laboratories of Thunder Bay, Ontario using a fire assay/atomic absorption method on 30 gram samples.  Samples were prepared for assay by Accurassay from sawn, NQ-size drill core taken from continuous intervals of drill core ranging from 0.4 to 1.2 metres in length. 

 

The work program and technical information contained in this report was supervised by Ken Rattee, an independent geologist who has more than 26 years experience, working predominantly in north-eastern Ontario and by Chris Pegg, a professional geologist and consultant to Tri Origin. 

 

 

 

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 Stock Exchange under the symbol TRO.

 

Gold Reserve Inc

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CODE : GRZ.TO
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Gold Reserve est une société développant des projet miniers d'or basée aux Etats-Unis D'Amerique.

Gold Reserve est en développement de projets d'or et de cuivre au Venezuela.

Son principal projet en développement est BRISAS au Venezuela et son principal projet en exploration est CHOCO 5 au Venezuela.

Gold Reserve est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 238,5 millions CA$ (238,8 millions US$, 182,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 14 avril 2006 à 9,09 CA$, et son plus bas niveau récent le 12 décembre 2008 à 0,29 CA$.

Gold Reserve possède 78 720 047 actions en circulation.

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