Business
TriMetals Mining Samples up to 14.4 g/t Gold at Homestake Claims
VANCOUVER, British Columbia, Nov. 16, 2017 (GLOBE NEWSWIRE) -- TriMetals Mining Inc. (TSX:TMI) (TSX:TMI.B) (OTCQX:TMIAF) (OTCQX:TMIBF), (the “Company”), is plea
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, Nov. 16, 2017 (GLOBE NEWSWIRE) -- TriMetals Mining Inc. (TSX:TMI) (TSX:TMI.B) (OTCQX:TMIAF) (OTCQX:TMIBF), (the “Company”), is pleased to announce the results from a first round of rock chip sampling collected on the newly leased Homestake claims which are located one kilometre east of our Grey Eagle resource block and approximately 4 km northwest of the Jumbo resource area where the Company has been drilling in 2017. Sampling was conducted on two stacked, 2-4 metre-wide, westward dipping, banded quartz veins that are controlled by a major N-S fault structure that runs the length of the 1.8 kilometre long claims. The veins are well exposed for 65o metres along strike in historic mine cuts and as outcrops before they are lost under post mineral cover. The host rocks to the veins are oxidized andesites that have been hydrothermally brecciated and contain stockwork quartz veining. This mineralized wallrock material extends for up to 400 metres east-west, surrounding the veins, before disappearing under post mineral cover. This forms a target that is at least 1.8 km long and 400 metres wide and may continue further south onto TMI landholdings outside of the Homestake lease. The highest grades occur in the quartz veins with strong gold and silver mineralization occurring in the host rock as well. Examples are shown below: Sample # Sample Type and Width Description Au g/t Au ReAssay g/t Ag g/t Ag ReAssayg/t 140512 continuous, 4m vein 4.2 4.5 46.7 44.8 140525 continuous, 40cm vein >10.0 11.5 12.8 113107 Panel, 1x1m vein >10.0 13.9 51.1 47.9 113109 continuous, 1m vein >10.0 14.4 48.3 48 Ralph Fitch, President and CEO of the Company stated “TriMetals is very excited about these results which show that good grades occur throughout the entire length of the exposed veins. It is also very important from a resource development perspective that the mineralization extends out a significant distance on each side of the major vein features creating a large volume of mineralized material. This will clearly be one of our priority drill targets moving forward. On another note we are now starting to get assay results back from the remainder of our Jumbo drill program and expect to be able to report these results within a couple of weeks.” Higher grade gold mineralization has now been found alon...