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Trelawney Resources Inc.

Publié le 04 avril 2011

Trelawney Intersects 304.00 Metres of 1.65 g/t Gold in 200=E2

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Mots clés associés :   Canada | Copper | K Street | Nickel |
 
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Trelawney Mining and Exploration Inc. SnapMail

FOR IMMEDIATE RELEASE
April 4, 2011
Toronto, Ontario
 

Trelawney Intersects 304.00 Metres of 1.65 g/t Gold in 200‐Metre Step‐Out Hole from the Cote Lake Deposit; Appoints New Director and Grants Stock Options

April 4, 2011 - Toronto, Ontario - Trelawney Mining and Exploration Inc. (the �Company� or �Trelawney�) (TSXV: TRR, Frankfurt: RTW) announces additional drill results from the Cote Lake Deposit on the Chester Project located halfway between Timmins and Sudbury in northern Ontario. Highlights of the current drilling include:
  • Hole E11-48 � 285.80 metres of 1.18 g/t gold

  • Hole E11-49 � 275.00 metres of 1.26 g/t gold

  • Hole E11-53 � 304.00 metres of 1.65 g/t gold
Expansion drilling of the Cote Lake Deposit continues to intersect wide zones of low to moderate grade gold mineralization. The results of drilling released today are from step-outs to the west of the Inferred Resource for the Cote Lake Deposit which currently stands at 131 million tonnes grading 1.0 g/t gold for a total of 4.2 million ounces gold as reported in Trelawney�s March 7, 2011 press release. Hole E11-48, collared on section 88E and the first 100-metre step-out west of the resource, intersected mineralization at a vertical depth of 140 metres. Additional drilling has been conducted to follow the mineralization upward toward surface. Holes E11-49 and E11-53 were drilled an additional 100 metres to the west, on section 87E, and therefore 200 metres west of the reported resource; both holes intersected wide zones of gold mineralization. Hole E11-53 was collared in mineralization and returned a 304.00 metre intersection of 1.65 g/t gold, including 3.57 g/t gold in the first 85 metres of the hole.. Overburden depth at this location is approximately 8 metres.

Including drill results released today, mineralization of the Cote Lake Deposit has now been intersected over a strike-length of 900 metres and remains open along strike, and at depth on all sections that have been drilled. The mineralization delineated by drilling to date, coincides well with a NE-SW-trending IP anomaly. Results of the IP survey over the Cote Lake Deposit area suggest additional strike extensions of the mineralization are possible. A copy of the induced polarization survey map over the Cote Lake Deposit along with updated drill sections will be posted on the Company�s website within the week.

The Cote Lake Deposit consists of low to moderate grade gold +/- copper mineralization which is associated with brecciated intermediate to felsic, and locally mafic intrusive rocks. Mineralization occurs in the form of disseminated and fracture-controlled sulfides which generally correlate to the gold values. Visible gold is commonly observed. The zones are bleached with the prevalent alteration being feldspathic, chloritic and biotitic. The nature of the alteration and mineralization is indicative of a porphyry-style deposit.

The expansion and exploration drill program continues with five drills currently working. The majority of the winter drilling has been completed on the wetlands and an aggressive program will now be conducted following the mineralization to southwest. Infill drilling of the deposit has also commenced; this will increase the confidence of the resource and facilitate future upgrades in the resource category.

Greg Gibson, Trelawney's President and CEO commented, �We are very pleased with the results of this initial step-out drilling. These drill results confirm our belief that our initial resource estimate can be expanded significantly, along with potential increases in grade as these results are above the average grade reported in our initial resource.�

Cote Lake Deposit Drilling Results:



Trelawney has implemented a Quality-Control, Quality Assurance program to ensure best practice principals are being applied in the sampling and analysis of the drill core. Samples are crushed to -8 mesh then a 1,000 gram subset of each sample is pulverized to 90% passing -150 mesh. Assays have been completed using a standard fire assay with a 30 gram aliquot and an AA finish. For samples that return values of between two to five grams per tonne gold, another pulp is taken and fire assayed with a gravimetric finish. Samples returning values greater than five grams per tonne are re-analyzed by pulp metallic analysis NQ size drill core is saw cut, and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags to the Accurassay prep lab in Sudbury, Ontario by Trelawney personnel. Accurassay is an ISO/IEC 17025 certified Laboratory by the Standards Council of Canada. In addition to quality assurance controls at the laboratory, blanks and certified standards have been inserted into the sample stream at random intervals.

David Beilhartz, Vice President, Exploration of the Company, a Qualified Person under NI 43-101, has prepared or supervised the scientific or technical information for the property and verified the data disclosed in this press release.

Trelawney is also pleased to announce the appointment of Steve McIntyre to the Company�s Board of Directors. Mr. McIntyre has more than 30 years experience in the mining and mineral exploration business, including over 10 years with Noranda Mines Ltd. and 20 years as an officer and director of several junior mineral exploration companies, including Dumont Nickel Inc., Northwest Explorations Inc., Timmins Nickel Inc. and Vedron Gold Inc. Most recently, Mr. McIntyre has achieved international prominence through critical statistical analysis of climate research. In 2010, he was named as one of �50 People Who Matter� by the New Statesman, an English magazine, and was co-winner of the Julian Simon Award from the Competitive Enterprise Institute.

In addition, the Company has granted an aggregate of 4,015,000 options to purchase common shares of Trelawney exercisable at a price of $4.74 per share for a period of five years, to directors, officers, consultants and employees of the Company. Certain common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant. The options have been granted in accordance with the terms of the Company�s stock option plan and the policies of the TSX Venture Exchange.

Trelawney is a Canadian junior mining and exploration company with a focus on Archean gold deposits. The Company's current focus is directed towards the development and continued exploration of the Chester Project, located in Chester Township 20 kilometres southwest of Gogama, Ontario.

For further information contact:
Greg Gibson, President and CEO
416-363-8567 or ggibson@trelawneymining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.



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Trelawney Mining and Exploration Inc.
130 King Street West, Suite 2810
Toronto Ontario Canada
M5X 1A6

Tel: 416-363-8567
Email: info@trelawneymining.com
Web: www.trelawneymining.com
 
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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Trelawney Resources Inc.

EN DÉVELOPPEMENT
CODE : TRR.V
CUSIP : 988914 10 7
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Trelawney est une société d’exploration minière d'or basée au Canada.

Son principal projet en développement est CHESTER ONE au Canada et ses principaux projets en exploration sont MASSEY, MISHI, DORSET PROJECT et COTE LAKE au Canada.

Trelawney est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 583,5 millions CA$ (568,8 millions US$, 452,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 09 avril 2009 à 0,01 CA$, et son plus haut niveau récent le 15 juillet 2011 à 5,91 CA$.

Trelawney possède 177 366 000 actions en circulation.

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Financements de Trelawney Resources Inc.
17/05/2011Announces Filing of Preliminary Prospectus
10/05/2011Announces $50.0 Million Bought Deal Public Offerin
Nominations de Trelawney Resources Inc.
07/02/2012Announces Appointment of V.P. Environmental & Sust
04/07/2011Announces Appointment of Officers and Grant of Sto
Projets de Trelawney Resources Inc.
12/06/2012Intersects 316.00 Metres of 1.38 G/T Gold and 312.
15/05/2012Intersects 155.00 Metres Of 1.31 g/t Gold And 115.
10/04/2012Files NI 43-101 Technical Report and Resource Esti
05/03/2012Intersects 212.00 Metres of 2.09 g/t Gold from Inf
25/02/2012Announces Updated Resource of 5.9 Million Ounces I
14/02/2012Intersects 165.00 Metres of 1.20 g/t Gold at C=C3=B4t=C3=A9
06/12/2011intersects 583.00 metres of 0.77 g/t gold at C=C3=B4t=C3=A9
15/10/2011Commences Compulsory Acquisition of Augen Gold Cor
19/09/2011Intersects 93.00 Metres of 1.68 g/t Gold from Cont
10/09/2011Completes Acquisition of 21.6% Interest in Claim 2
29/08/2011Intersects 356.00 Metres of 1.35 g/t Gold from Con
26/08/2011MINING AND EXPLORATION INC. AND AUGEN GOLD CORP.
27/07/2011Uncovers New Exposure of C=C3=B4t=C3=A9 Lake Mineralization
20/06/2011Intersects 337.00 Metres of 0.94 g/t Gold at C=C3=B4t=C3=A9
30/05/2011(Chester One)Intersects 170.20 Metres of 1.01 g/t Gold Extends
04/04/2011Trelawney Intersects 304.00 Metres of 1.65 g/t Gold in 200=E...
07/03/2011(Cote Lake)Announces Initial Mineral Resource Estimate of 4.2 Million O...
26/02/2011Trelawney Announces Acquisition of Chester Mining Claims and
25/02/2011(Chester One)Announces Acquisition of Chester Mining Claims and Geologica...
14/02/2011(Cote Lake)Preliminary Metallurgical Testwork Yields Excellent Results ...
08/02/2011(Chester One)Intersects 243.10 Metres of 1.31 g/t Gold at the C
25/01/2011(Dorset Project)Intersects 95.40 Metres of 1.85 g/t Gold at the Co
Communiqués de Presse de Trelawney Resources Inc.
06/06/2012ISS And Glass Lewis Recommend That Trelawney Shareholders
29/03/2012Enters into Restated Amending Agreement on the Che
01/03/2012Trelawney Enters into Option Agreement with Falcon Gold to A
10/01/2012President Greg Gibson presenting at Dahlman Rose C
28/11/2011Completes Previously Announced Offering
24/11/2011at 2011 San Francisco Hard Assets Investment Confe
23/09/2011announces expiry of bid and additional tender of A
13/09/2011Announces that 87% of Augen Gold Corp. Shares have
11/08/2011provides update on offer for Augen Gold Corp.
09/08/2011Secures Additional Lock-up Agreements; 57% of Auge
28/07/2011Mails Offer Circular and Letter to Shareholders
11/07/2011Announces Intention to Make an Offer to Acquire Augen Gold C...
01/04/2011recognized as a TSX Venture 50 company
01/12/2010Provides Chester Project Exploration Update
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