Drilling Commences at Vanguard Project
Thunder Bay, Ontario CANADA, April 23, 2012 /FSC/ - Trillium North Minerals Ltd. (TNM - TSX Venture), ("Trillium") is pleased to announce the commencement of a 450 metre diamond drill program on the Vanguard Property (the "Property"). The Property is located in the Shebandowan greenstone belt, Northwestern Ontario, approximately 100km west of the city of Thunder Bay, Ontario. The Vanguard Property consists of 16 claims totaling 1,344 hectares within the Shebandowan greenstone belt.
The drill program is designed to target historical drilling over the Vanguard East zone, known to host Cu-Zn-Au-Ag VMS mineralization. The mineralization is interpreted to be steeply dipping and the current drill program will target the down-dip extension of the deposit below historical drilling to confirm both mineral tenor and extend the known mineralization to depth.
Historically, Noranda Inc. reported a non-NI 43-101 compliant resource, stating the Vanguard West zone hosts 200,000 tonnes of 1.3% Cu, 1-2% Zn, 8.26 g/t Ag, 4-6 g/t Au and the East zone hosts 100,000 tonnes of 1.8% Cu, 3-6% Zn 6.8 g/t Ag, 4-6 g/t Au. To the southwest, adjacent to the Vanguard property, are the former producing North Coldstream Copper-Silver-Gold Mine (historic production of 102 million lbs of Cu, 440,000 ounces of Ag and 22,000 ounces of Au produced from 2.7 million tons of ore, OGS Mineral Deposit Inventory, 2000) and the Osmani Gold Deposit (formerly the East Coldstream Deposit) containing an indicated NI 43-101 resource of 3.5Mt Au of an average grade of 0.85 g/t Au, and an inferred resource of 30.5Mt with an average grade of 0.78 g/t Au (Foundation Resources Inc. NI 43-101 Technical Report, 2011).
Drilling in 2002 by Trillium extended the Vanguard East Zone with two holes VE02-1 and VE02-2. The average grade of the 9.75m massive sulphide phase of the hole VE02-1 was 1.26 g/t Au, 13 g/t Ag, 2.03% Cu and 2.13% Zn. The average grade of the 6.6m massive sulphide phase of the hole VE02-2 was 2.14 g/t Au, 43.4 g/t Ag, 2.73% Cu and 3.49% Zn. (see Trillium NR January 14, 2003).
In 2004, hole VE04-5 was drilled to intersect the zone previously intersected in hole VE02-1 and 2. Hole VE04-5 yielded 4.15m of 6.39% Zn and 1.89% Cu with 28.31 g/t Ag and 0.88 g/t Au in massive sulphides. Hole VE04-3 located 50 feet (15 m) west of VE02-2 and down plunge, hit up to 2.0% Cu, 14.8 g/t Ag and 0.58 g/t Au and a wide silica zone, which is part of the regional chert horizon that marks the occurrence of VMS mineralization. (see Trillium NR August 31,2004).
The historical values mentioned in this release are non-compliant with NI 43-101 standards for disclosure and have been reviewed but not verified, unless otherwise stated. Current exploration programs on Trillium's Vanguard Property are carried out under the supervision of Mr. Michael Thompson, P.Geo. Mr. Thompson, a professional geologist, has reviewed and verified the current technical content of the information contained in this release and qualifies under the definition of "Qualified Person" set out in National Instrument 43-101.
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Trillium North Minerals Ltd.'s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Trillium North Minerals Ltd. disclaims any intent or obligation to update these forward-looking statements.
On behalf of the board of directors
"Elliot Strashin"
Dr. Elliot Strashin, President
The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Elliot Strashin
President,
Trillium North Minerals Ltd.
(416) 504-0077 phone
(416) 504-6019 fax
TRILLIUM NORTH MINERALS LTD
500 - 20 Maud St., TORONTO
Ontario, CANADA M5V 2M5
To view this press release as a web page, click onto the link below:
www.usetdas.com/PR/trilliumnorth23042012.htm
Source: Trillium North Minerals Ltd (TSX-V - TNM) http://www.strashindevelopments.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com