Tickers: PINX:TROIF, XTSX:TOE
Tags: Mining
Aurora, Ontario / TheNewswire / December 20, 2017 - Tri Origin Exploration Ltd (TSX-V:TOE) ("Tri Origin" or the "Company") is pleased to announce that a program of line cutting and induced polarization ("IP") geophysical surveying has been completed at Target Area-2 ("TA-2") of the South Abitibi project. TA-2 represents a portion of the Company's large property holding along the south margin of the Abitibi Greenstone Belt in the Cobalt-Temagami region of Ontario. This work is conducted on behalf of a gold and base metal exploration Alliance entered into between Tri Origin and Sumitomo Metal Mining Canada Ltd. ("Sumitomo").
A total of 15 kilometres of IP surveying was completed using a combination of "deep-looking" pole-dipole and dipole-dipole methods. Survey lines covered areas with gold occurrences or sulphide-bearing and altered rock prospective for hosting gold deposits that were identified during a recently completed program of geological mapping and prospecting. A number of geophysical anomalies were identified during the survey. They are being assessed and modelled to delineate drill targets.
When geophysical results have been evaluated the Alliance will consider a budget to complete a follow-up diamond drill program. It is anticipated that a drilling program, if approved, will be commenced during early 2018. Shareholders will be informed of the plans for follow-up drilling on approval by the Alliance management committee.
TA-2 covers a 15 kilometre long trend of poorly mapped, prospective volcanic rocks of the southern Abitibi greenstone belt. Approximately 50% of this area is covered by younger sedimentary rocks of Proterozoic age. The exposed part of the Abitibi contains mineral occurrences of gold, copper and nickel. Occurrences of gold, copper and cobalt have been identified in the Proterozoic cover rocks. Most of these mineral occurrences have only received a cursory amount of surface prospecting. The extensions of the metalliferous Abitibi Greenstone Belt under Proterozoic cover represent high-priority target areas.
Sumitomo is funding Alliance activities to a maximum total expenditure of C$4.5 million. Alliance activities within the southern Abitibi Greenstone Belt provide a fully-funded opportunity for Tri Origin to capitalize on its strategy of identifying and acquiring prospective, district-scale properties in well-mineralized mining areas and advancing these properties toward making new discoveries.
Tri Origin is pleased to participate with Sumitomo in its mineral exploration efforts and values Sumitomo's contributions to this Alliance. Sumitomo's parent company is a Japanese firm engaged in gold and base metals mining, smelting and refining, manufacturing of semiconductor and advanced materials and other business. For more information about Sumitomo, please visit www.smm.co.jp/E/.
For information about Tri Origin, please visit www.triorigin.com or SEDAR www.sedar.com or contact:
Dr. Robert Valliant, President
Tri Origin Exploration Ltd.
Tel: (905) 727-1779
E-mail: invest@triorigin.com
Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin is a leading Canadian exploration company with gold and base metal projects in Canada.
CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Tri Origin's periodic reports including the annual report or in the filings made by Tri Origin from time to time with securities regulatory authorities.
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