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TRIMAX CORPORATION ANNOUNCES EXTENSION TO ITS PROPERTY OPTION AGREEMENT TO ACQUIRE CONTROLLING INTEREST IN NEWMONT’S FORMER ZEIBRIGHT MINE PROJECT
TRIMAX CORPORATION ANNOUNCES EXTENSION TO ITS PROPERTY OPTION AGREEMENT TO ACQUIRE CONTROLLING INTEREST IN NEWMONT’S FORMER ZEIBRIGHT MINE PROJECT.
About this update from Trimax Corp.
[{"type":"text","content":"PRESS RELEASEApril 6, 2010TRIMAX CORPORATION ANNOUNCES EXTENSION TO ITS PROPERTY OPTION AGREEMENT TO ACQUIRE CONTROLLING INTEREST IN NEWMONT’S FORMER ZEIBRIGHT MINE PROJECTLAS VEGAS, APRIL 6, 2010 (BUSINESS WIRE) – Gordon Lee, CEO of Trimax Corporation (TMXN pinksheets.com) (“Trimax” or “Company”) is pleased to announce that effective April 18, 2010 the Company is granted a ninety day extension to its property option agreement to acquire a 70% interest in the mining claims collectively known as the ZEIBRIGHT MINE EXTENSION PROJECT located in the Placer and Nevada Counties, California.Historically Newmont produced over 100,000 ounces of gold from shallow underground operations until the 1950’s. The Zeibright mineralized dike structures containing gold bearing quartz veins range in width from 2.5 meters (8.5 feet) to over 9 meters (30 feet) are believed to be contiguous, are exposed on either side of the mountain and have been mined between 1867 and 1959, primarily by Newmont Mining Corp. Historic Newmont sampling over 385 meters (1,266 feet) of the # 1 adit tunnel along a mean vein system width of 2.6 meters (8.5 feet) averaged almost 6 grams per tonne.Gordon Lee, CEO of the Company, states: “Newmont blocked almost 3,000,000 oz’s au and an additional 7,000,000 oz’s au are inferred. We will aggressively follow Newmont’s strategy in the mine’s reopening process whilst completing a 43-101 compliant report as we rebuild the mill. This is probably the most exciting gold project in the US based on the ease of mining and ore grade consistency with an estimated cost per ounce of approximately $400.00”.Trimax Corporation is a Nevada incorporated company having its principal offices in Las Vegas, Nevada. Trimax is engaged in business as an exploration stage mineral resource exploration and development company focused on gold, silver and lithium.This press release contains ‘forward looking statements’ within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the Company’s business which are not historical facts are forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward looking statements. Readers...