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Tres-or Resources Ltd

Publié le 09 octobre 2015

Tres-Or Options The Duvay Gold Project In Quebec

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Tres-Or Options The Duvay Gold Project In Quebec

08-Oct-2015

September 28, 2015

TRES-OR OPTIONS THE DUVAY GOLD PROJECT IN QUEBEC

Tres-Or Resources Ltd. ('Tres-Or' or 'Optionor') (TSX-V: TRS) is pleased to announce that Secova Metals Corp. ('Secova') (TSX-V: SEK) has executed an Option Agreement (the 'Agreement') to earn up to a 90% interest in the Duvay Gold Project, comprising 104 claims in the Abitibi region, 15 kilometres northeast of Amos, Quebec (see news release dated January 6, 2015).

Under the Agreement, Tres-Or grants to Secova the sole and exclusive right and option to acquire an undivided 65% right, title and interest in the Duvay claims by paying to the Optionor the sum of $500,000 (of which $75,000 has been received to date), and incurring $3,750,000 in exploration expenses over a four (4) year period. Secova can earn the full 90% of the property (an additional 25% ownership) by funding a pre-feasibility study and making aggregate expenditures of $12 million to bring the property towards production.

Secova shall act as operator and in circumstances where Secova earns a 90% interest in the Duvay Property, then Tres-Or would revert to a 10% carried interest through to commercial production. In addition, Secova would grant to Tres-Or the right to receive a resource payment (the 'Resource Payment') based on the initial NI 43-101 compliant resource estimate on the claims. The Resource Payment will be equal to $30.00 for each gold ounce equivalent categorized as 'measured', $25.00 for each gold ounce categorized as 'indicated', and $15.00 for each gold ounce categorized as 'inferred' to be paid from proceeds of commercial production after deducting operating costs and other senior payments. If Secova chooses to remain at a 65% ownership interest, then a joint venture will be formed with Tres-Or and the Resource Payment would be payable within 180 days of the joint venture formation.

The Duvay Gold Project is located in a favourable geological setting with potential to host low-grade, bulk tonnage gold mineralization. Visible gold was discovered at Duvay in the late 1930's. Gold mineralization is associated with a northwest trending shear zone which strikes over 800 m across the Duvay property and intersecting northeast faults. Intersection of these deformation trends are potential points of enhanced gold mineralization. Historical gold results and drilling and test pitting by Tres-Or supports this potential, including 83.194 g/t over 1.0m, 402 g/t over 0.36m, 76.8 g/t over 0.46m and 34.6 g/t over 0.46m. (Duvay Property Technical 43-101 Report, October 31, 2012).

Laura Lee Duffett, P.Geo. is the qualified person as defined in NI-43-101, who has reviewed and is responsible for the technical information presented in this news release.

On behalf of the Board of Directors,

'Laura Lee Duffett'

Laura Lee Duffett

President and CEO

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

For further information:

Contact: Dominic Spedaliere - Corporate Communications: Ph: 604-688-8700

Dean Claridge - Business Development: Ph: 604-880-1865

Email: [email protected] Website: www.tres-or.com

About Tres-Or Resources Ltd.:

Tres-Or Resources Ltd. (TSX Venture: TRS) is a Canadian resource company focused on exploring for gold and base metal resources in the Abitibi Greenstone Belt in northwestern Quebec. Additional information related to the Company is available at: www.tres-or.com .


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Tres-or Resources Ltd

EXPLORATEUR
CODE : TRS.V
ISIN : CA8952981071
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Tres-or Res. est une société d’exploration minière de cuivre basée au Canada.

Tres-or Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont NOTRE DAME DU NORD, DUVAY ZONE, DUVAY, LAPOINTE DISCOVERY, TEMAGAMI EAST et TEMAGAMI NORTH (AND COBALT SOUTH) au Canada.

Tres-or Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 9,6 millions CA$ (7,0 millions US$, 6,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2005 à 0,50 CA$, et son plus bas niveau récent le 18 septembre 2015 à 0,01 CA$.

Tres-or Res. possède 101 134 634 actions en circulation.

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Projets de Tres-or Resources Ltd
11/03/2013DISCOVERS CASA BERARDI STYLE MINERALIZATION
30/07/2012(Duvay)Exploration Update For The Fontana And Duvay Gold Projects, ...
05/07/2011(TSX-V:TRS) Tres-Or Announces Intent To Acquire The Fontana ...
04/04/2011COMPLETES EARN-IN AND ACQUIRES 100% INTEREST IN QUEBEC GOLD ...
20/02/2011(Duvay)TRES-OR DRILLING UPDATE AT ADVANCED DUVAY GOLD PROJECT, QUEB...
18/02/2011(Duvay)Drilling Update at Advanced Duvay Gold Project, Quebec
19/02/2008(Mann / Duff Twp)PLATINUM/PALLADIUM MINERALIZATION ON THE MANN PROPERTY, ONTA...
11/02/2008(Lapointe Discovery) Large Sample Extracted From the Lapointe Pipe, Ontario
Communiqués de Presse de Tres-or Resources Ltd
09/10/2015Tres-Or Options The Duvay Gold Project In Quebec
07/01/2015SECOVA METALS CORP. OPTIONS TRES-OR’S DUVAY GOLD PROJECT IN ...
14/01/2013Drill Program Commences at the Fontana Gold Project, Quebec
12/01/2012Drill Results From The Tres-Or Fabre Silver Project, Quebec
25/10/2011October Newsletter
05/07/2011Announces Intent to Acquire the Fontana Gold Project, Quebec
02/06/2011TRS: TSX.V June Newsletter
20/06/2008EXTENDS NEW KIMBERLITE BRECCIA DISCOVERY IN QUEBEC
18/06/2008DISCOVERS NEW KIMBERLITIC BRECCIA IN QUEBEC
18/03/2008Amendment to Tres-Or and Arctic Star Joint Venture Agreement...
10/12/2007Zinc Mineralization Intersected at Notre Dame du Nord Base a...
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