Trilliant Exploration Announces Letter of Intent With Copper Island Mines Ltd.
December 04 2012 - 2:10PM
Marketwired
Trilliant Exploration Corporation (OTCQB: TTXP) announced today
that its board of directors has authorized the execution of a
letter of intent with Copper Island Mines Ltd. Trilliant
Exploration intends to acquire twenty percent interest in Copper
Island Mines Ltd. which is a registered British Columbia private
company. Copper Island Mines Ltd. is engaged in the development and
exploration of copper deposits located in British Columbia, Canada.
Copper used in power and construction hit its highest level
since Oct. 19, 2012 at $8,045 a tonne on Monday, December 3, 2012
after data showed the pace of activity in China's manufacturing
sector quickened for the first time in 13 months in November,
adding to evidence its economy is reviving. China consumes about 40
percent of the global copper supply.
On December 4, 2012 from Reuters' Metals analyst, Ivan
Szpakowski of Credit Suisse commented that, "We think copper is
going to continue to rally in the next couple of months as from
here on we should see some macro improvement. We see China getting
better and we think there is good potential for restocking activity
both in the U.S. and in Europe."
Copper Island Mines Ltd. rights and claims are located 15km NW
of Campbell River, British Columbia. Copper Island Mines Ltd. is
the operator of the 3000 hectare property. The area is known to
host high grade chalcocite mineralization. The area has been under
regular development and small scale production since 1915. The area
hosts one of the highest densities of copper prospects in British
Columbia and is rated high for mineralization by the BCGS (British
Columbia Geological Service). Initial exploration on the Property
was conducted by Dodge Copper in 1954 when 145 percussion holes
were drilled outlining the Pomeroy areas. Exploration in the 1970s
by Prince Stewart Mines and Quadra Mining resulted in a historic
reserve estimate of 3.5Mt. grading 2% copper. Exploration in the
1990s resulted in a historical resource estimate from all
occurrences of 5.3Mt grading 1.98% copper, and is used for
historical reference purposes only.
About Trilliant Exploration (OTCQB: TTXP)
http://www.trilliant-exploration.com Trilliant Exploration is
focused on a variety of strategic mineral acquisitions including
Copper and well positioned to capture the next wave in mineral
exploration, Lithium and Rare Earth metals. Trilliant Exploration
is a US based, high growth mining company focused on adding value
through successful exploration, project development, efficient
operations, and opportunistic acquisitions. Maintaining a low risk
profile through project diversification, astute financial
management and operating in secure jurisdictions are key priorities
for Trilliant Exploration's Management team.
Forward-Looking Statements This press release may contain
certain forward-looking statements within the meaning of Section
27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended,
and such Forward Looking Statements are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties. All
statements other than statements of historical fact in this
announcement are forward-looking statements, including but not
limited to the viability of the company's business plans, the
effect of acquisitions on our profitability, the effectiveness,
profitability, and the marketability of the Company's products; the
Company's ability to protect its proprietary information; general
economic and business conditions; the volatility of the company's
operating results and financial condition; and other risks detailed
in the Company's filings with the Securities and Exchange
Commission.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the company and the
industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or to changes in its expectations, except as may
be required by law. Although the company believes that the
expectations expressed in these forward-looking statements are
reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
Contact: Mr. Mark Evans Phone: (212) 203-0310 Email:
info@trilliant-exploration.com Web:
www.trilliant-exploration.com
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