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
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, 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 are using some...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Isomorphic Software will exhibit at SYS-CON's [email protected] at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, high-productivity enterprise web applications for any device. SmartClient couples the industry’s broadest, deepest UI component set with a java server framework to deliver an end-...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...