Trelawney Intersects 212.00 Metres of 2.09 g/t Gold from Infill Drilling at Cote Lake
March 05 2012 - 8:42AM
Marketwired Canada
Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSX
VENTURE:TRR)(FRANKFURT:RTW) announces the results from 11 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 infill
and expansion drilling on the Cote Lake Deposit. Drilling continues to intersect
significant widths of low to moderate grade gold mineralization from the infill
drilling at the Cote Lake Deposit.
The Cote Lake Deposit currently hosts an indicated resource of 35 million tonnes
averaging 0.82 g/t for 0.93 million ounces of contained gold and an inferred
resource of 204 million tonnes averaging 0.91 g/t for 5.94 million ounces of
contained gold. A cut-off grade of 0.3 g/t Au was used for the estimate as
reported in Trelawney's press release dated February 24, 2012. 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 in several directions, 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 and age dating all indicate the deposit is an
Archean porphyry system.
A total of 11 diamond drill rigs are presently operating on the Company's vast
land holdings in the Swayze area. The drill program on the Cote Lake Deposit
will continue with nine drill rigs, one focusing on expansion drilling and eight
drills on infill drilling. The final two drill rigs are conducting regional
exploration and condemnation drilling.
Greg Gibson, President and CEO of Trelawney commented, "We are very pleased that
the ongoing infill drilling continues to confirm the significant widths and
grades of mineralization similar to our original wider spaced drilling. Over the
winter months our focus has been to work on defining areas within the wetlands,
and we look forward to resuming the aggressive expansion phase of our drill
program once spring break up is over."
Highlights of Cote Lake Drilling
----------------------------------------------------------------------------
Length Gold Au cut Gold
(g/t) Grade (oz/t)
------------------------
cut to
Section Hole From To 25g/t
(m) (m) (m) uncut (i) uncut Comments
----------------------------------------------------------------------------
outside
84+00E E11-135 25.00 39.00 14.00 0.90 0.03 resource
----------------------------------------------------------------------------
211.00 274.00 63.00 0.63 0.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------
outside
84+00E E11-139 No Significant Values resource
----------------------------------------------------------------------------
----------------------------------------------------------------------------
88+50E E11-140 70.00 139.00 69.00 5.10 1.76 0.15 infill
----------------------------------------------------------------------------
incl 94.00 95.00 1.00 254.22 25.00 7.41
----------------------------------------------------------------------------
incl 124.00 139.00 15.00 1.26 0.04
----------------------------------------------------------------------------
173.00 181.00 8.00 2.74 0.08
----------------------------------------------------------------------------
207.00 310.00 103.00 0.56 0.02
----------------------------------------------------------------------------
348.00 412.00 64.00 0.51 0.01
----------------------------------------------------------------------------
435.00 452.00 17.00 0.49 0.01
----------------------------------------------------------------------------
0.00
----------------------------------------------------------------------------
outside
85+00E E11-141 36.80 45.00 8.20 3.38 0.10 resource
----------------------------------------------------------------------------
101.00 126.00 25.00 0.68 0.02
----------------------------------------------------------------------------
160.00 161.00 1.00 2.61 0.08
----------------------------------------------------------------------------
187.00 188.00 1.00 5.09 0.15
----------------------------------------------------------------------------
370.00 382.15 12.15 0.45 0.01
----------------------------------------------------------------------------
475.00 480.00 5.00 0.80 0.02
----------------------------------------------------------------------------
491.00 492.00 1.00 7.00 0.20
----------------------------------------------------------------------------
0.00
----------------------------------------------------------------------------
94+50E E11-142 48.00 55.00 7.00 1.11 0.03 infill
----------------------------------------------------------------------------
92.00 143.00 51.00 1.05 0.03
----------------------------------------------------------------------------
177.00 183.00 6.00 0.93 0.03
----------------------------------------------------------------------------
215.00 223.00 8.00 0.52 0.02
----------------------------------------------------------------------------
294.00 322.00 28.00 0.73 0.02
----------------------------------------------------------------------------
446.00 447.00 1.00 10.11 0.29
----------------------------------------------------------------------------
----------------------------------------------------------------------------
94+50E E11-143 13.00 102.00 89.00 0.59 0.02 infill
----------------------------------------------------------------------------
166.00 192.00 26.00 2.41 2.15 0.07
----------------------------------------------------------------------------
276.00 602.00 326.00 0.98 0.94 0.03
----------------------------------------------------------------------------
incl 292.00 293.00 1.00 38.27 25.00 1.12
----------------------------------------------------------------------------
and incl 322.00 446.00 124.00 1.33 0.04
----------------------------------------------------------------------------
and incl 590.00 595.00 5.00 4.95 0.14
----------------------------------------------------------------------------
----------------------------------------------------------------------------
92+50E E11-144 34.00 41.00 7.00 0.84 0.02 infill
----------------------------------------------------------------------------
211.00 217.00 6.00 0.56 0.02
----------------------------------------------------------------------------
264.00 268.00 4.00 1.01 0.03
----------------------------------------------------------------------------
386.00 598.00 212.00 2.09 1.63 0.06
----------------------------------------------------------------------------
incl 408.00 409.00 1.00 43.01 25.00 1.25
----------------------------------------------------------------------------
incl 452.00 496.00 44.00 3.47 3.10 0.10
----------------------------------------------------------------------------
incl 524.00 525.00 1.00 39.50 25.00 1.15
----------------------------------------------------------------------------
incl 538.00 546.00 8.00 11.37 5.23 0.33
----------------------------------------------------------------------------
92+50E E11-144 618.00 630.00 12.00 0.56 0.02
----------------------------------------------------------------------------
...(cont)...(cont) 644.00 660.00 16.00 0.47 0.01
----------------------------------------------------------------------------
667.00 732.00 65.00 0.73 0.02
----------------------------------------------------------------------------
incl 676.00 696.00 20.00 1.41 0.04
----------------------------------------------------------------------------
----------------------------------------------------------------------------
83+00E E11-145 56.00 57.00 1.00 1.92 0.06 outside
----------------------------------------------------------------------------
78.00 79.00 1.00 10.34 0.30
----------------------------------------------------------------------------
467.00 468.00 1.00 1.52 0.04
----------------------------------------------------------------------------
----------------------------------------------------------------------------
88+50E E11-146 129.00 130.00 1.00 5.26 0.15 infill
----------------------------------------------------------------------------
226.00 306.00 80.00 1.17 0.03
----------------------------------------------------------------------------
321.95 357.00 35.05 0.55 0.02
----------------------------------------------------------------------------
381.80 383.00 1.20 64.40 25.00 1.88
----------------------------------------------------------------------------
410.00 411.00 1.00 13.13 0.38
----------------------------------------------------------------------------
494.00 495.00 1.00 10.48 0.31
----------------------------------------------------------------------------
533.00 543.00 10.00 0.71 0.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------
94+50E E11-147 10.00 12.00 2.00 2.54 0.07 infill
----------------------------------------------------------------------------
33.00 35.00 2.00 1.58 0.05
----------------------------------------------------------------------------
79.00 94.00 15.00 1.86 0.05
----------------------------------------------------------------------------
121.00 123.00 2.00 1.10 0.03
----------------------------------------------------------------------------
170.00 210.00 40.00 0.51 0.01
----------------------------------------------------------------------------
294.00 305.00 11.00 0.90 0.03
----------------------------------------------------------------------------
412.00 436.00 24.00 0.47 0.01
----------------------------------------------------------------------------
519.00 553.00 34.00 0.40 0.01
----------------------------------------------------------------------------
553.00 554.00 1.00 313.26 25.00 9.14
----------------------------------------------------------------------------
554.00 729.00 175.00 0.45 0.01
----------------------------------------------------------------------------
----------------------------------------------------------------------------
93+50E E11-148 323.00 533.00 210.00 0.52 0.02 infill
----------------------------------------------------------------------------
568.00 627.00 59.00 0.63 0.02
----------------------------------------------------------------------------
642.00 643.00 1.00 6.01 0.18
----------------------------------------------------------------------------
675.00 845.00 170.00 0.53 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 National Instrument 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.
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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