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.

Contacts:
TriMetals Mining Inc.
Ralph Fitch
President & CEO
303.584.0606
[email protected]

TriMetals Mining Inc.
Matias Herrero
Chief Financial Officer
303.584.0606
[email protected]

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
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...