Trelawney Intersects 583.00 Metres of 0.77 g/t Gold at Cote Lake
December 06 2011 - 3:07PM
Marketwired Canada
Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSX
VENTURE:TRR)(FRANKFURT:RTW) announces the results from 12 additional holes
drilled on the Cote Lake Deposit on the Chester Project located halfway between
Timmins and Sudbury in Northern Ontario. The results are from the ongoing
expansion and infill drilling on the Cote Lake Deposit. Drilling continues to
intersect wide zones of low to moderate grade gold mineralization. Results of
four infill and eight expansion holes are being reported today. Expansion
drilling continues to intersect wide zones of mineralization to the southwest
with infill holes confirming the continuity of the mineralization.
The infill holes have been drilled at various angles along the infill sections
to provide better variography in the upcoming resource estimate update. Several
of the infill holes have encountered diabase dykes on the 50-metre infill
sections resulting in some breaks in the continuity of the mineralization along
the holes. These dykes, estimated to be approximately 20 metres wide, run
sub-parallel to the sections and are not unexpected as they can be seen on the
magnetic maps. Minor additional infill drilling may be required in the vicinity
of these dykes to convert the inferred resource in this area to the indicated
category.
The inferred resource of the Cote Lake Deposit currently stands at 131 million
tonnes grading 1.0 g/t gold for a total of 4.22 million ounces gold as reported
in Trelawney's press release dated March 7, 2011. To date, mineralization of the
Cote Lake Deposit has been intersected over a strike-length of 1,200 metres and
outcrops at two known locations 500 metres apart. The zone remains open along
strike and at depth on all sections that have been drilled. In section, the zone
attains widths of up to 300 metres. The mineralization, delineated by drilling
to date, coincides well with a NE-SW trending IP anomaly. The Cote Lake Deposit
consists of low to moderate grade gold +/- copper mineralization which is
associated with brecciated intermediate to felsic, and locally mafic intrusive
rocks. The nature of the alteration and mineralization is indicative of a
porphyry-style deposit.
The expansion and exploration drill program currently includes six drills
working on the Cote Lake Deposit. Two drills continue with the expansion
drilling and four are undertaking infill drilling. The Company anticipates
additional drill rigs to be mobilized during the upcoming winter season to
increase the infill and definition drilling required to upgrade mineralization
into the indicated category.
Greg Gibson, Trelawney's President and CEO commented, "The infill and expansion
drilling has progressed very well during 2011 with six drills. A significant
amount of additional data continues to be acquired which will be incorporated
into our upcoming resource estimate update planned for early 2012. The
mineralized envelope of the Cote Lake Deposit has not been fully delineated in
any direction leaving the potential for expansion of the deposit."
Cote Lake Deposit Drilling Results:
----------------------------------------------------------------------------
Gold Au cut Gold
Section (g/t) Grade (oz/t)
--------------------------
From To Length cut to
Hole (m) (m) (m) uncut 25g/t(i) uncut Comments
----------------------------------------------------------------------------
outside
84+00E E11-101 149.00 150.00 1.00 4.56 0.13 resource
----------------------------------------------------------------------------
316.00 317.40 1.40 2.43 0.07
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Along
strike E11-102 14.00 15.00 1.00 4.94 0.14 infill
----------------------------------------------------------------------------
59.00 88.00 29.00 0.36 0.01
----------------------------------------------------------------------------
106.00 168.00 62.00 0.55 0.02
----------------------------------------------------------------------------
234.00 247.00 13.00 0.49 0.01
----------------------------------------------------------------------------
333.00 452.40 119.40 0.89 0.03
----------------------------------------------------------------------------
488.00 489.00 1.00 2.67 0.08
----------------------------------------------------------------------------
513.00 537.00 24.00 0.44 0.01
----------------------------------------------------------------------------
568.00 590.00 22.00 0.71 0.02
----------------------------------------------------------------------------
606.00 642.00 36.00 0.53 0.02
----------------------------------------------------------------------------
670.00 702.00 32.00 0.63 0.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------
92+50E E11-103 209.00 370.00 161.00 0.71 0.02 infill
----------------------------------------------------------------------------
----------------------------------------------------------------------------
outside
87+00E E11-104 13.00 127.00 114.00 0.81 0.02 resource
----------------------------------------------------------------------------
165.00 176.00 11.00 0.97 0.03
----------------------------------------------------------------------------
221.00 222.00 1.00 1.54 0.04
----------------------------------------------------------------------------
367.00 368.00 1.00 6.19 0.18
----------------------------------------------------------------------------
----------------------------------------------------------------------------
outside
86+00E E11-105 24.25 45.00 20.75 0.50 0.01 resource
----------------------------------------------------------------------------
67.00 86.00 19.00 0.44 0.01
----------------------------------------------------------------------------
138.00 139.00 1.00 1.74 0.05
----------------------------------------------------------------------------
258.00 259.15 1.15 14.53 0.42
----------------------------------------------------------------------------
----------------------------------------------------------------------------
93+50E E11-106 53.00 636.00 583.00 0.77 0.76 0.02 infill
----------------------------------------------------------------------------
incl 59.00 138.00 79.00 2.20 2.13 0.06
----------------------------------------------------------------------------
or 59.00 195.00 136.00 1.60 1.55 0.05
----------------------------------------------------------------------------
incl 541.00 569.00 28.00 1.55 0.05
----------------------------------------------------------------------------
----------------------------------------------------------------------------
outside
87+00E E11-107 7.00 8.00 1.00 2.39 0.07 resource
----------------------------------------------------------------------------
32.00 60.00 28.00 0.48 0.01
----------------------------------------------------------------------------
----------------------------------------------------------------------------
93+50E E11-108 126.00 175.00 49.00 1.07 0.03 infill
----------------------------------------------------------------------------
diabase
----------------------------------------------------------------------------
221.70 266.00 44.30 0.75 0.02
----------------------------------------------------------------------------
329.00 330.00 1.00 3.32 0.10
----------------------------------------------------------------------------
347.00 348.00 1.00 2.17 0.06
----------------------------------------------------------------------------
93+50E E11-108 366.00 367.00 1.00 10.30 0.30
----------------------------------------------------------------------------
(cont) (cont) 395.00 396.00 1.00 5.87 0.17
----------------------------------------------------------------------------
423.00 439.00 16.00 1.25 0.04
----------------------------------------------------------------------------
448.00 449.00 1.00 2.97 0.09
----------------------------------------------------------------------------
482.00 508.00 26.00 0.55 0.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------
outside
88+00E E11-109 54.00 55.00 1.00 2.88 0.08 resource
----------------------------------------------------------------------------
66.00 67.00 1.00 1.04 0.03
----------------------------------------------------------------------------
150.00 151.00 1.00 7.01 0.20
----------------------------------------------------------------------------
153.00 154.00 1.00 1.71 0.05
----------------------------------------------------------------------------
200.00 201.00 1.00 3.96 0.12
----------------------------------------------------------------------------
229.00 230.00 1.00 1.05 0.03
----------------------------------------------------------------------------
307.40 309.00 1.60 1.61 0.05
----------------------------------------------------------------------------
381.00 383.00 2.00 1.13 0.03
----------------------------------------------------------------------------
388.00 389.00 1.00 2.95 0.09
----------------------------------------------------------------------------
----------------------------------------------------------------------------
outside
86+00E E11-110 25.00 26.70 1.70 1.26 0.04 resource
----------------------------------------------------------------------------
60.00 87.00 27.00 0.55 0.02
----------------------------------------------------------------------------
135.00 145.00 10.00 0.66 0.02
----------------------------------------------------------------------------
167.00 206.00 39.00 1.23 0.04
----------------------------------------------------------------------------
237.00 240.20 3.20 2.69 0.08
----------------------------------------------------------------------------
260.75 271.00 10.25 6.24 5.01 0.18
----------------------------------------------------------------------------
311.60 313.00 1.40 1.50 0.04
----------------------------------------------------------------------------
372.00 373.00 1.00 3.30 0.10
----------------------------------------------------------------------------
395.00 396.00 1.00 1.41 0.04
----------------------------------------------------------------------------
423.00 426.00 3.00 1.11 0.03
----------------------------------------------------------------------------
456.00 457.00 1.00 1.89 0.06
----------------------------------------------------------------------------
462.00 464.00 2.00 1.00 0.03
----------------------------------------------------------------------------
481.00 482.00 1.00 1.86 0.05
----------------------------------------------------------------------------
----------------------------------------------------------------------------
outside
88+00E E11-111 13.00 16.00 3.00 3.57 0.10 resource
----------------------------------------------------------------------------
31.00 32.00 1.00 1.84 0.05
----------------------------------------------------------------------------
71.00 81.00 10.00 0.49 0.01
----------------------------------------------------------------------------
88.00 100.00 12.00 2.42 0.07
----------------------------------------------------------------------------
126.00 137.00 11.00 0.74 0.02
----------------------------------------------------------------------------
144.00 149.00 5.00 0.76 0.02
----------------------------------------------------------------------------
163.00 220.00 57.00 0.49 0.01
----------------------------------------------------------------------------
258.00 298.00 40.00 1.59 0.05
----------------------------------------------------------------------------
346.00 347.00 1.00 26.35 25.00 0.77
----------------------------------------------------------------------------
396.00 403.00 7.00 1.85 0.05
----------------------------------------------------------------------------
outside
87+00E E11-112 44.00 121.00 77.00 1.35 1.17 0.04 resource
----------------------------------------------------------------------------
137.00 138.00 1.00 1.24 0.04
----------------------------------------------------------------------------
180.00 185.00 5.00 1.15 0.03
----------------------------------------------------------------------------
192.00 193.00 1.00 1.79 0.05
----------------------------------------------------------------------------
227.00 233.00 6.00 0.72 0.02
----------------------------------------------------------------------------
251.00 264.00 13.00 0.76 0.02
----------------------------------------------------------------------------
Notes:
-- True widths of intersections are unknown at this time.
-- (i)Only intervals with assays cut to 25 g/t gold are shown.
-- Intervals are graded with a lower cut of 0.30 g/t with internal waste
and low grade material within graded zones of up to 20 metres in length.
Trelawney has implemented a quality-control, quality assurance program to ensure
best practice principals are being applied in the sampling and analysis of the
drill core. Samples are crushed to -8 mesh then a 1,000 gram subset of each
sample is pulverized to 90% passing -150 mesh. Assays have been completed using
a standard fire assay with a 30 gram aliquot and an AA finish. For samples that
return values of between two to five grams per tonne gold, another pulp is taken
and fire assayed with a gravimetric finish. Samples returning values greater
than 5 grams per tonne are re-analyzed by pulp metallic analysis, NQ size drill
core is saw cut, and half the drill core is sampled in standard intervals. The
remaining half of the core is stored in a secure location. The drill core is
transported in security-sealed bags to the Accurassay prep lab in Sudbury,
Ontario by Trelawney personnel. Accurassay is an ISO/IEC 17025 certified
laboratory by the Standards Council of Canada. In addition to quality assurance
controls at the laboratory, blanks and certified standards have been inserted
into the sample stream at random intervals.
David Beilhartz, Vice President, Exploration of Trelawney, a Qualified Person
under NI 43-101, has prepared or supervised the scientific and/or technical
information for the property and verified the data disclosed in this press
release.
Trelawney is a Canadian junior mining and exploration company with a focus on
Archean gold deposits. The Company's current focus is directed towards the
continued exploration and development of the Cote Lake Deposit, located in
Chester Township, 20 kilometres southwest of Gogama, Ontario.
Shares Issued: 173,108,466
This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.
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