TriMetals Mining Inc. (TSX:TMI), is pleased to announce the final results from drill holes completed as part of the 2017 program on the Gold Springs Project in Utah and Nevada.
Summarized results for these holes are listed below;
*True width is approximately 80-100% of Thickness.
The drill holes are located in the South Jumbo resource area and were designed to test the continuity of shallow, higher-grade material (hole E-17-016) and for a possible parallel higher-grade zone within the hanging wall of the Etna structural trend (E-17-018).
Mr. Eric Edwards, President & CEO of TriMetals commented, “The discovery of these grades in drill hole E17-016 demonstrates the continuity and strength of this higher-grade zone that has been traced now for over 450 meters along strike. At a depth of just 12.2 meters down hole, these results confirm the near-surface nature of the Jumbo zone.” Mr. Edwards continued, “The South Jumbo zone remains open to both the north and south, and will be the likely primary exploration target for our next drilling program.”
Drill hole E-17-016 is located east of hole E-16-003 and targeted the developing shallow, higher-grade gold zone to confirm continuity within this area. This zone is defined by a postulated structural intersection which controls a linear body of higher-grade gold and silver values. This higher-grade feature is depicted in the figure located at: http://www.trimetalsmining.com/wp-content/uploads/2018/02/SoJumbo-3D-Min-Env1PR-2-18.pdf. In addition to the higher-grade gold intercept, hole E-17-016 displays continuous mineralization from 7.6 to 89.9 metres down hole, averaging 0.63 g/t gold and 11.6 g/t silver over this 82.3 metre interval.
Previous drilling suggests there are two possible deeper, parallel higher-grade zones to the east, and Hole E-17-018 was the first attempt to locate parallel zones to the west, within the hanging wall portion of the main Etna structural zone. Hole E-17-018 was successful in that it demonstrates mineralization continuity into the hanging wall. Additional drilling will be needed to define the gold distribution within this area.
Link to Hole locations and cross sections: http://www.trimetalsmining.com/wp-content/uploads/2018/02/Etna-Plan-X-Sections1-23.pdf
Mr. Edwards further commented, “TMI plans to explore and expand these zones to the north and south where we can trace outcropping gold mineralization, but where we have conducted little exploration drilling in the past.”
Drill Hole Information:
|Hole ID||Easting – UTM NAD 27||Northing – UTM NAD 27||Elevation Meters||Azimuth||Inclination||TD (m)|
About TriMetals Mining Inc.
TriMetals Mining Inc. is a growth focused mineral exploration company creating value through the exploration and development of the prospective Gold Springs gold-silver project in Utah and Nevada USA, and the Escalones copper-gold porphyry deposit in Chile. The Company combines a track record of discovery and advancement of large projects, mining and exploration supportive jurisdictions, low political risk areas, 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(1) 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.
Note that the Class B shares have no interest in the properties or assets of the Company other than a collective entitlement to 85% of the net cash, if any, (after deducting all costs, taxes and expenses and the third-party funder’s portion thereof) received by TMI from award or settlement in relation to the Company’s subsidiary South American Silver Limited’s arbitration proceeding against Bolivia for the expropriation of the Malku Khota project in 2012 (the “Bolivia Arbitration”).
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. The Qualified Person verified the data for its geological reasonableness, checked all the inputs and verified the analytical data through an analysis of the blanks and standards submitted with the drill-cutting samples.
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