Aug 31 2016
TriMetals Mining Inc., is pleased to announce the drill results from 2 ½ holes on the patented Talisman claim located in Nevada close to the Utah border.
The first hole intersected very high grade material within a vein system characterized by quartz veins with bladed and banded textures. The vein sits within a wide zone of mineralized material which is described later in this release. Results from the high-grade portion of the vein zone are shown below:
True width not known. Average grades for intervals shown are heavily influenced by the high grade 215 g/t gold interval (average uses a 0.1 g/t AuEq cutoff). Gold Equivalent (AuEq) uses a Ag/Au ratio of 61.9 and assumes 100% metallurgical recoveries. g = grams oz = ounces t = tonne
Ralph Fitch President and CEO, stated "We have finally intersected some very high grade material which we have historically found in float. This is a great start to our drilling program."
All three RC holes reported here also intersected a second high-grade near surface vein which is projected to sub-crop 25 m west of T-16-002, below post-mineral colluvium cover. The vein dips to the East at approximately 35 degrees and is seen in all 3 holes in the drill section. These results are shown below:
True width 80-95% of width shown. Average grade uses a 0.1 g/t AuEq cutoff. Gold Equivalent (AuEq) uses a Ag/Au ratio of 61.9 and assumes 100% metallurgical recoveries.
Ralph Fitch President and CEO, went on to say "These excellent and consistent near-surface results are exactly the type of material we need to find to accomplish our goal of putting together a modest sized higher-grade resource for a "starter pit". A higher-grade starter pit has the potential to significantly enhance the already positive economics of the project described in our PEA."
These first three holes are located approximately 75 metres south of our holes drilled in 2011 in the Thor area (T-11-02 and T-11-03). T-11-02 may have intersected the same vein (3m @2.29 g/t Au and @42 g/t Ag) but further drilling is required to confirm this. The three holes outline approximately 50 metres of down-dip extent of the vein. Additional holes will be drilled to further define this vein later in the program once we have received the results from all 10 holes drilled to date in the Thor area.
The location of the holes is in the middle of the 1.6 km strike length of the ZTEM high resistivity feature that has historically been associated with gold mineralization.
The "high-grade" vein intercept described from T-16-001 is located within a wide zone of stock-working quartz veins near to the boundary between the typical andesite volcanic host and a deeper rhyolite. This zone is sufficiently wide that it might make an "open-pit" target similar to Jumbo or Grey Eagle. Further drilling will be needed to both define the extent of the very high-grade material and the lower grade bulk-tonnage material.
The wide zone of mineralized material surrounding the high-grade is shown below:
True width not known. *Average grades for intervals shown heavily influenced by the high grade 215 g/t gold interval (average uses a 0.1 g/t AuEq cutoff). Gold Equivalent (AuEq) uses a Ag/Au ratio of 61.9 and assumes 100% metallurgical recoveries
RC hole T-16-002 may also have intersected the same broad zone of mineralization but at a lower grade:
True width is not known. Average grade uses a 0.1 g/t AuEq cutoff. Gold Equivalent (AuEq) uses a Ag/Au ratio of 61.9 and assumes 100% metallurgical recoveries
Only results from the upper portion of RC hole T-16-003 have been received to date.
The Talisman claim purchase was completed last year. This claim includes portions of the historic Thor Vein located in Nevada close to the Utah border. This area is comprised of a portion of 3 of the 26 areas of outcropping gold mineralization, that TMI press releases often refer to when illustrating the potential of the large 74.7 sq km Gold Springs exploration property in safe, mining friendly Nevada and Utah. Outcrop areas, Silica Hill/Thor, Silica Hill Extension and North Jennie are all part of a large ZTEM resistivity anomaly which includes the Thor Vein System.
Source: http://www.trimetalsmining.com/