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Australian Affiliate Reports On Progress At Lewis Ponds Gold Project
Australian Affiliate Reports On Progress At Lewis Ponds Gold Project
About this update from Genesis Ai Corp
[{"type":"text","content":"\nAustralian Affiliate Reports On Progress At Lewis Ponds Gold Project\n\n\n Jul. 8, 2010 (Filing Services Canada) -- Tri Origin Exploration Ltd. (TOE - TSX Venture), (\"Tri Origin\") announces that its Australian affiliate, TriAusMin Limited (\"TriAusMin\") reported on progress at its Lewis Ponds gold project.  Tri Origin is very pleased with the progress at Lewis Ponds and looks forward to TriAusMin's renewed activity in this important re-emerging gold district.  The press release issued earlier today by TriAusMin is as follows:TARGETS IDENTIFIED FOR EXPLORATION AT LEWIS PONDS GOLD PROJECTJuly 8, 2010 - TriAusMin Limited (TSX:TOR; ASX:TRO) (\"TriAusMin\" or the \"Company\"), announces that an interpretation of airborne geophysical survey data has been completed in preparation for commencement of a field programme at the Company's Lewis Ponds gold project. Lewis Ponds is located 200 kilometres west of Sydney in a re-emerging gold district at Orange, New South Wales. Data was evaluated from a 1,170 line kilometre \"VTEM\" survey conducted by Geotech Airborne Pty completed in March of this year. A total of 290 discreet anomalous responses were identified and have been grouped into 105 targets which require ground evaluation prior to drilling. It was noted that the Main and Tom's Zones, the two deposits previously discovered by TriAusMin were detected by the survey as were other known mineral occurrences at prospects including Mt. Lindsay, Shorter and Ophir. This indicates the effectiveness of the survey and confirms the importance and potential of the other targets.The Orange Gold District sees production of over 500,000 ounces of gold a year from the Cadia Hill and Ridgeway Mines operated by Newcrest Inc., hosts the recent McPhillamys gold discovery now being delineated by Alkane Resources Ltd and Newmont Australia Ltd and also hosts a number of historic gold mines at Lucknow and Ophir (the first discovery of payable gold in Australia). TriAusMin's Lewis Ponds tenement covers an area of approximately 164 square kilometres in the middle of this district centered over an important sequence of gold-bearing volcanic and sedimentary rock. The 6.35 million tonne Indicated Mineral Resource1 grading 1.51 grams per tonne of gold, 68 grams per tonne of silver, 0.15% copper, 1.36% lead and 2.39% zinc previously delineat...