Google Übersetzer
May 17, 2011 (Filing Services Canada) -- Trillium North Minerals Ltd. (TNM - TSX Venture),partner, Manicouagan Minerals Inc., announced today that it completed its initial 2011 diamond drilling program on its Kasagiminnis Lake Property, located approximately 25 kilometres southwest of the past producing Dona Lake Mine, south of Pickle Lake, Ontario.
Nine holes (KAS-11-01 to 09) totalling 964 metres, were drilled to test a 250 metre portion of an 1100 metre long gold bearing zone previously outlined by Moss Resources and Power Exploration Inc. in the 1980's. Two holes KAS-11-02 and 03 were abandoned due to ground conditions before reaching their targeted depth.
To date, assay results have been received only for hole, KAS-11-01. Significant results are given in the table below. Assay results from the remaining holes are expected by mid June.
----------------------------------------------------
Kasagiminnis Lake
Significant Results from KAS-11-01
----------------------------------------------------
Hole From(m) To(m) Length(m) Au gpt
KAS-11-01 116.7 127.8 11.1 2.82
incl. 120.7 125.7 5.0 4.55
----------------------------------------------------
note: true widths are currently estimated at 70-80% of drilled widths
The Kasagiminnis Lake Property hosts a gold bearing zone associated with a sulphide bearing iron formation. Between 1985 and 1988, Moss Resources and Power Exploration Inc. drilled 25 holes on this zone. The property remained dormant until Manicouagan optioned it from Trillium North Minerals Ltd. in 2009 as part of a larger land package which included the Dorothy-Dobie Lake and Pickle Lake East Properties (see Trillium Press Release dated April 16, 2009).
Joseph Baylis, Manicouagan's President and CEO, said, "The results from the first hole of our initial 2011 drill program are certainly encouraging and we look forward to receiving the remaining assay results. These results will guide the planning of the next phases of our 2011 work programs on our extensive Pickle Lake properties."
The Pickle Lake Greenstone Belt is part of the prolific Uchi Geological Sub-province, which hosts the Pickle Lake, Red Lake and Rice Lake gold camps. Manicouagan holds a 51 percent interest in the Kasagiminnis, Dorothy-Dobie Lake and Pickle Lake East properties. Pursuant to an option agreement with Trillium, Manicouagan can increase its interest to 70 percent in these gold properties by incurring the next $1.5 million of exploration expenditures on the properties (see Trillium Press Release dated April 15, 2010).
Sample Preparation, Analyses and Security
The assay and sample information as well as geological descriptions are taken from drill logs as prepared by the project geologists for the drill program. All drill cores are BTW in size and assays are completed on sawed half-cores, with the second half of the core kept for future reference. The samples are put into rice bags which are sealed with security locks for shipping directly to Accurassay Laboratories, an accredited assay laboratory, in Thunder Bay, Ontario. The samples are analysed using standard fire assay procedures with an AA/ICP finish. Assay results greater than 1.00 gram per tonne will be rerun using a gravimetric finish. In addition to the standard quality control of the laboratory, a series of blanks and standards are inserted in every shipment for quality control purposes.
Qualified Person
Exploration programs on Manicouagan's Pickle Lake Gold Projects are carried out under the supervision of Mr. Bruce W. Mackie, P.Geo. Mr. Mackie, a professional geologist, has reviewed and verified the technical content of the information contained in this release and qualifies under the definition of "Qualified Person" set out in National Instrument 43-101.
Trillium currently has joint venture agreements in place covering 5 properties in which other parties are working to earn an interest. These include the three Pickle Lake Gold properties mentioned earlier, two West Shebandowan Gold properties, and the Seagull Nickel-Platinum Property. The Company will update its shareholders as results become available. The Company intends to focus its own efforts on the wholly owned West Porcupine Gold Property 35 km. southwest of Timmins, Ontario, for which a private placement was recently completed (see Trillium Press Release dated May 12, 2011).
For more information, contact Dr. Elliot Strashin, President, at 416-504-0077 ext 22.
On behalf of the board of directors
"Elliot Strashin"
Dr. Elliot Strashin, President
Forward Looking Statements
All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
TRILLIUM NORTH MINERALS LTD
500 - 20 Maud St., TORONTO
Ontario, CANADA M5V 2M5
Telephone: (416) 504-0077 Fax: (416) 504-6019
www.trilliumnorth.com
402 - 905 West Pender Street, VANCOUVER
British Columbia, CANADA V6C 1L6
Telephone: (604) 681-1909 Fax: (604) 689-5930
TSX:V Symbol: TNM
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/trillium05172011.htm
Source: Trillium North Minerals Ltd (TSX-V - TNM) http://www.strashindevelopments.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com