Click here to close now.

Welcome!

News Feed Item

TriMetals Mining Inc. Intersects 38 metres of 1 g/t AuEq(i) including 7.6 metres of 3.2 g/t AuEq at the Jumbo Target on the Gold Springs Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/01/14 -- TriMetals Mining Inc. (TSX:TMI)(TSX:TMI.B)(OTCQX:TMIAF)(OTCQX:TMIBF), a gold stock, is pleased to announce the results from an important additional Reverse Circulation ("RC") drill hole from the Jumbo Area and six RC holes from the Etna Area at the Gold Springs gold-silver project in the mining friendly jurisdictions of Nevada and Utah, USA.

RC hole J-14-011 intersected 38.1 metres of 1.01 g/t AuEq(i), including 7.6 metres of 3.21 g/t AuEq(i), to the east of the center portion of the Jumbo resource block where previous drilling was done in this sector. Further drilling will be needed to better understand the relationship of this mineralization to that to the North and to the South due to east-west faulting in the area. The indications, however, are that this intercept extends the 200m long higher grade southern Jumbo zone, which includes the [email protected] g/t AuEq(i) in hole J-14-004, reported in the previous news release (NR14-16, July 11, 2014) for an additional 100 metres to the north.


----------------------------------------------------------------------------
                                                                        True
                                  length  Average  Average  AuEq(i)Thickness
Hole          From (m)   To (m)      (m)   Au g/t   Ag g/t      g/t        m
----------------------------------------------------------------------------
J-14-011          71.6    126.5     54.9     0.54    13.48     0.77     49.7
----------------------------------------------------------------------------
including                                                                   
----------------------------------------------------------------------------
                  82.3    120.4     38.1     0.71    16.93     1.01     34.5
----------------------------------------------------------------------------
including                                                                   
----------------------------------------------------------------------------
                  91.4     99.1      7.7     2.48    41.54     3.21      6.9
----------------------------------------------------------------------------
including                                                                   
----------------------------------------------------------------------------
                  91.4     94.5      3.1     4.97    80.45     6.38      2.8
----------------------------------------------------------------------------

Azimuth 270 degrees, declination -55 degrees. Cut off 0.1g/t AuEq. (i)Gold Equivalent ("AuEq") uses a Au/Ag ratio of 57.14 and assumes 100% metallurgical recoveries.

Ralph Fitch, President and CEO of TriMetals Mining Inc. (the "Company") stated "These results again expand the mineralized zone at Jumbo where we have established a mineral resource (Amended PEA filed on July 8, 2014). It also demonstrates that as we continue the drill program we continue to expand the mineralization and get ever closer to our near term goal of a million ounces AuEq(i). As I keep restating, the significant upside the Company has, is that less than 10% of the prospective areas at Gold Springs have been drilled."

Six RC holes were also completed on the Etna target approximately 2 km south of the present Jumbo Resource Block. Etna was chosen as the next target to test because of extensive outcrops of gold mineralization.

RC hole E-14-001 intersected mineralization over 106.7 metres @0.49 AuEq(i) and included 29 metres of 1.03 g/t AuEq(i). This broad zone relates to RC hole E-12-001 drilled approximately 50 metres to the north which intersected 125 metres of 0.35 g/t AuEq(i) including 39.6 metres of 0.64 g/t AuEq(i). More drilling is required to further define this new zone and its extensions which have the potential to be substantial because of the large intercept widths.


----------------------------------------------------------------------------
                                                                        True
                                  length  Average  Average  AuEq(i)Thickness
Hole          From (m)   To (m)      (m)   Au g/t   Ag g/t      g/t        m
----------------------------------------------------------------------------
E-14-001          22.9    129.6    106.7     0.38     6.80     0.49    103.0
----------------------------------------------------------------------------
                  77.7    106.7     29.0     0.85    10.22     1.03     28.0
----------------------------------------------------------------------------
                  77.7     86.9      9.2     1.94    19.10     2.27      8.8
----------------------------------------------------------------------------
                  80.8     85.3      4.5     3.25    31.17     3.79      4.4
----------------------------------------------------------------------------
E-12-001           4.6    129.6    125.0     0.29      3.3     0.35    117.4
----------------------------------------------------------------------------
                  61.0    100.6     39.6     0.57      4.2     0.64     37.2
----------------------------------------------------------------------------
including         91.4    100.6      9.2     1.55      9.9     1.72      8.6
----------------------------------------------------------------------------
                  91.4     93.0      1.6     4.86     17.1     5.16      1.4
----------------------------------------------------------------------------

The remaining five holes at Etna were exploratory in nature and intersected weak mineralization often over broad widths. Further geological and geophysical analysis and additional drilling is required in the Etna zone to follow the extensions of the mineralized body found in E12-001 and E14-001.

Sections showing the location of the reported holes can be found on the Company's website at:

www.trimetalsmining.com

The drill program at Gold Springs started at Jumbo where eleven holes have been drilled, it then moved to the Etna target, 2 km south of Jumbo, which was chosen as the third target for this year's drill program. Six exploration holes were completed on the Etna target and then the drill was moved to Grey Eagle where eleven holes have been completed. Samples from the Grey Eagle holes are presently in the laboratory for assaying.

The following lists the results from all the six Etna RC holes:


----------------------------------------------------------------------------
                                                                  Average Au
RC Hole   Azimuth Inclination     From (m)    To (m)  length (m)         g/t
----------------------------------------------------------------------------
E-14-001  70      -45                 22.9     129.6       106.7        0.38
----------------------------------------------------------------------------
E-14-001                              77.7     106.7        29.0        0.85
----------------------------------------------------------------------------
E-14-001                              77.7      86.9         9.2        1.94
----------------------------------------------------------------------------
E-14-001                              80.8      85.3         4.5        3.25
----------------------------------------------------------------------------
E-14-001                              42.7      53.3        10.6        0.33
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
E-14-002  247     -45                  4.6      30.5        25.9        0.16
----------------------------------------------------------------------------
E-14-002                               4.6      13.7         9.1        0.26
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
E-14-003  70      -45                 39.6     146.3       106.7        0.16
----------------------------------------------------------------------------
E-14-003                              39.6      67.1        27.5        0.20
----------------------------------------------------------------------------
E-14-003                              88.4      99.1        10.7        0.32
----------------------------------------------------------------------------
E-14-003                             123.4     132.6         9.2        0.42
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
E-14-004  70      -45                  0.0     152.4       152.4        0.11
----------------------------------------------------------------------------
E-14-004                               0.0      15.2        15.2        0.20
----------------------------------------------------------------------------
E-14-004                               0.0       4.6         4.6        0.37
----------------------------------------------------------------------------
E-14-004                             120.4     134.1        13.7        0.35
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
E-14-005  70      -45                 10.7     100.6        89.9        0.09
----------------------------------------------------------------------------
E-14-005                              10.7      24.4        13.7        0.14
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
E-14-006  55      -45                  0.0      61.0        61.0        0.17
----------------------------------------------------------------------------
E-14-006                               0.0      32.0        32.0        0.24
----------------------------------------------------------------------------
E-14-006                             158.5     163.1         4.6        0.05
----------------------------------------------------------------------------

------------------------------------------------------------------
                                Average Ag                    True
RC Hole   Azimuth Inclination          g/t AuEq(i) g/t Thickness m
------------------------------------------------------------------
E-14-001  70      -45                 6.80        0.49       103.0
------------------------------------------------------------------
E-14-001                             10.22        1.03        28.0
------------------------------------------------------------------
E-14-001                             19.10        2.27         8.8
------------------------------------------------------------------
E-14-001                             31.17        3.79         4.4
------------------------------------------------------------------
E-14-001                             11.86        0.53        10.3
------------------------------------------------------------------
                                                                  
------------------------------------------------------------------
E-14-002  247     -45                 2.49        0.20     Unknown
------------------------------------------------------------------
E-14-002                              2.52        0.30     Unknown
------------------------------------------------------------------
                                                                  
------------------------------------------------------------------
E-14-003  70      -45                 3.22        0.22       103.0
------------------------------------------------------------------
E-14-003                              4.11        0.27        26.5
------------------------------------------------------------------
E-14-003                              4.96        0.40        10.3
------------------------------------------------------------------
E-14-003                              5.47        0.52         8.8
------------------------------------------------------------------
                                                                  
------------------------------------------------------------------
E-14-004  70      -45                 2.79        0.16       147.2
------------------------------------------------------------------
E-14-004                              4.48        0.28        14.7
------------------------------------------------------------------
E-14-004                              6.20        0.48         4.4
------------------------------------------------------------------
E-14-004                              4.36        0.43        13.2
------------------------------------------------------------------
                                                                  
------------------------------------------------------------------
E-14-005  70      -45                 2.81        0.14        86.9
------------------------------------------------------------------
E-14-005                              4.38        0.22        13.2
------------------------------------------------------------------
                                                                  
------------------------------------------------------------------
E-14-006  55      -45                 3.11        0.22        58.9
------------------------------------------------------------------
E-14-006                              3.78        0.30        30.9
------------------------------------------------------------------
E-14-006                             17.03        0.35         4.4
------------------------------------------------------------------

(i)Gold Equivalent ("AuEq") uses a Au/Ag ratio of 57.14 and assumes 100% metallurgical recoveries. Cutoff 0.1gt AuEq.

About TriMetals Mining Inc.

TriMetals Mining Inc. is a growth focused mineral exploration company creating value through the exploration and development of the near surface, Gold Springs gold-silver project in mining friendly Nevada and Utah in the U.S.A.; the advancement of the large scale Escalones copper-gold project in Chile; and realization of value from the expropriated Malku Khota project in Bolivia through an arbitration process.

The Company's approach to business combines the team's track record of discovery and advancement of large projects, key operational and process expertise, and a focus on community relations and sustainable development. Management has extensive experience in the global exploration and mining industry.

The Company's common shares and Class B shares are listed on the Toronto Stock Exchange under the symbols "TMI" and "TMI.B" and the common shares and Class B shares also trade on the OTCQX market under the symbol "TMIAF" and "TMIBF". Additional information related to TriMetals Mining Inc. is available at www.trimetalsmining.com and on SEDAR at www.sedar.com.

Qualified Person

The Qualified Person on the Gold Springs property is Randall Moore, Executive Vice President of Exploration - North America of TriMetals Mining Inc. and he has reviewed and approved the content of this press release.

Quality Assurance and Quality Control

Approximately 5.5 kg of RC chips are sent to the laboratory for each 1.52 metre drill interval. 5% of the samples submitted by the Company are blanks and standards. In addition the laboratory also includes duplicates of samples, standards and blanks. The results of these check assays are reviewed prior to the release of data. All RC chip sample assays are also reviewed for their geological context and checked against the drill logs.

Assay Method: Assays were performed in Reno, Nevada by Inspectorate Laboratories, an ISO 9001:2000 Certified laboratory. Gold was analyzed by fire assay of a 30 gram sample with an AAS finish (FA430). All other elements were analyzed by the 30element, 4 acid ICP method (MA330).

Gold Equivalence: AuEq(i) was calculated using a gold/silver ratio of 57.14 to be consistent with that used for previously reported drill results and have not been adjusted for metallurgical recoveries.

Forward-looking Statements

Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "prospective", "indications", "goal", "upside", "expansion", "further", "continue-to", "potential", "will" and similar expressions. Information concerning the interpretation of drill results may also be considered forward-looking statements as such information constitutes a prediction of what mineralization might be found to be present if and when a mining project is actually developed. These forward- looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, possible variations in mineral resources, grade, metal prices; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; changes in project parameters as plans continue to be refined; failure of equipment or processes to operate as anticipated; regulatory, environmental and other risks of the mining industry more fully described in the Company's Annual Information Form, which is available on SEDAR at www.sedar.com. The assumptions made in developing the forward-looking statements include: the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the continuing support for mining by local governments in Nevada and Utah; the availability of equipment and qualified personnel to advance the Gold Springs project; execution of the Company's existing plans and further exploration and development programs for Gold Springs, which may change due to changes in the views of the Company or if new information arises which makes it prudent to change such plans or programs.

Readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. Unless otherwise indicated, forward-looking statements in this news release describe the Company's expectations as of August 1, 2014.

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
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
"We provide a web application framework for building really sophisticated web applications that run on a browser without any installation need so we get used for biotech, defense, and banking applications," noted Charles Kendrick, CTO and Chief Architect at Isomorphic Software, in this SYS-CON.tv interview at @DevOpsSummit (http://DevOpsSummit.SYS-CON.com), held June 9-11, 2015, at the Javits Center in New York
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
In the midst of the widespread popularity and adoption of cloud computing, it seems like everything is being offered “as a Service” these days: Infrastructure? Check. Platform? You bet. Software? Absolutely. Toaster? It’s only a matter of time. With service providers positioning vastly differing offerings under a generic “cloud” umbrella, it’s all too easy to get confused about what’s actually being offered. In his session at 16th Cloud Expo, Kevin Hazard, Director of Digital Content for SoftL...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes. In his session at DevOps Summit, Michael Demmer, VP of Engineering at Jut, will discuss how this can...
The last decade was about virtual machines, but the next one is about containers. Containers enable a service to run on any host at any time. Traditional tools are starting to show cracks because they were not designed for this level of application portability. Now is the time to look at new ways to deploy and manage applications at scale. In his session at @DevOpsSummit, Brian “Redbeard” Harrington, a principal architect at CoreOS, will examine how CoreOS helps teams run in production. Attende...
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...