Welcome!

News Feed Item

Drill Program Commences at the Fontana Gold Project, Quebec

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/14/13 -- Tres-Or Resources Ltd. ("Tres-Or") (TSX VENTURE:TRS) is pleased to report that the Fontana Gold Project winter drill program is underway. Aurizon Mines Ltd. (TSX:ARZ)(NYSE Amex:AZK) ("Aurizon") is the project Operator and plans to complete an initial 4,350 metres of NQ diamond drilling in the main area of the historic non-National 43-101 Fontana gold deposit, located in the Abitibi Greenstone Belt approximately 16 kilometres northeast of Amos, in Duverny Township, Quebec. The main goal of this drilling campaign will be to initially evaluate the potential for a large near surface deposit.

This first program includes 14 drill holes designed as a series of 1.0 kilometre long drilling fences to drill test intersecting mineralized structures following two perpendicular orientations. The first seven holes are designed to test historical drill holes with high grade gold intersections on known structures. An additional seven drill holes are planned where historical high grade gold values are known outside the main mineralized structures.

Aurizon completed channel sampling programs on the historical mineralized trenches of the Fontana deposit earlier this fall. The channel sampling program was designed to evaluate the low grade potential of the wall rock surrounding the main mineralized vein systems and their surrounding altered granodiorite host rocks.

More than 10,000 mineralized intervals from historical drill holes have been compiled and integrated into a proprietary database. This information combined with the detailed airborne magnetic and electromagnetic data flown in January 2012 and integrated with the recent ground magnetic survey completed at Fontana this summer, provides an important tool for understanding of the geometry and potential projection of the mineralized systems.

Tres-Or signed an Amended and Restated Option Agreement with Aurizon which incorporates an option over both the Fontana and Duvay Gold Projects, covering more than 6,356 hectares in Duverny and Dalquier Townships, Quebec (see news releases dated June 19, 2012 and July 30, 2012).

Under the Amended Agreement Aurizon can earn an initial 50% interest in the Fontana and Duvay Properties, subject to underlying royalties, as follows:


--  Making cash payments totaling $2,300,000; 
--  Incurring exploration expenditures totaling $10,000,000 on or before
    September 26, 2015. 

Upon earning a 50% interest Aurizon will have the option to acquire a further 15% interest by funding a pre-feasibility study on one or more of the Optioned Properties or incurring an additional $20,000,000 of expenditures over a three year period.

In the event that a Joint Venture is formed, Aurizon will be required to make a resource payment related to Tres-Or's percentage interest in the gold contained in the Optioned Properties at that date, as calculated by an independent NI 43-101 compliant resource estimate as follows: $30 for each measured ounce; $25 for each indicated ounce; and $15 for each inferred ounce.

Martin Demers, P.Geo., Aurizon's Exploration Manager and a qualified person as defined by National Instrument 43-101 has reviewed and approved the contents of this news release. This press release was prepared by Laura Lee Duffett, President and CEO of Tres-Or, a qualified person by the standards of National Instrument 43-101.

On behalf of the Board of Directors,

Laura Lee Duffett

President and CEO

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 or at: http://www.facebook.com/TresOrResourcesLtdTrsv.

To view the Fontana Gold Proprety Historical Drill Data, please visit the following link: http://media3.marketwire.com/docs/MapFontana.JPG.

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The 21st International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
When NSA's digital armory was leaked, it was only a matter of time before the code was morphed into a ransom seeking worm. This talk, designed for C-level attendees, demonstrates a Live Hack of a virtual environment to show the ease in which any average user can leverage these tools and infiltrate their network environment. This session will include an overview of the Shadbrokers NSA leak situation.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
As enterprise cloud becomes the norm, businesses and government programs must address compounded regulatory compliance related to data privacy and information protection. The most recent, Controlled Unclassified Information and the EU’s GDPR have board level implications and companies still struggle with demonstrating due diligence. Developers and DevOps leaders, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by in...