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
SYS-CON Events announced today that Addteq will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Addteq is one of the top 10 Platinum Atlassian Experts who specialize in DevOps, custom and continuous integration, automation, plugin development, and consulting for midsize and global firms. Addteq firmly believes that automation is essential for successful software releases. Addteq centers its products an...
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).
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of 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. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that WineSOFT 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. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Updating DevOps to the latest production data slows down your development cycle. Probably it is due to slow, inefficient conventional storage and associated copy data management practices. In his session at @DevOpsSummit at 20th Cloud Expo, Dhiraj Sehgal, in Product and Solution at Tintri, will talk about DevOps and cloud-focused storage to update hundreds of child VMs (different flavors) with updates from a master VM in minutes, saving hours or even days in each development cycle. He will also...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of 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. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
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...
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....