Jun. 1, 2011 (Filing Services Canada) -- Trillium North Minerals Ltd. (TNM - TSX Venture), has been informed by its partner Manicouagan Minerals Inc. ("Manicouagan"), that Manicouagan has received the remaining assay results from the recently completed diamond drill 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 interval along the 1,100 metre long gold bearing zone previously outlined by Moss Resources and Power Exploration Inc. in the mid to late 1980's. Two holes, KAS-11-02 and 03, were abandoned before they reached their targeted depth due to ground conditions.
Significant results for the Kasagiminnis Lake drilling program are given in the table below. Assay results greater than 1.00 gram per tonne ("g/t") will be rerun using a gravimetric finish. Assay results from hole KAS-11-01 were previously reported in a recent news release (see Trillium Press Release dated May 17, 2011).
----------------------------------------------------------
Kasagiminnis Lake Assay Results from 2011 Diamond Drilling
----------------------------------------------------------
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
KAS-11-02 hole abandoned
KAS-11-03 hole abandoned
KAS-11-04 126.1 134.0 7.9 6.60
incl. 126.1 128.0 1.9 12.86
KAS-11-05 67.5 70.5 3.0 2.52
and 75.5 77.5 2.0 5.20
KAS-11-06 63.5 64.5 1.0 4.21
and 98.3 99.7 1.4 6.24
KAS-11-07 27.7 51.7 24.0 0.69
incl. 27.7 28.5 0.8 6.95
KAS-11-08 71.3 93.0 21.7 1.85
incl. 72.3 74.8 2.5 4.60
and 83.6 87.0 3.4 4.49
KAS-11-09 49.5 57.5 8.0 2.91
incl. 49.5 51.3 1.8 4.73
and 54.2 55.7 1.5 5.80
----------------------------------------------------------
note: true widths are currently estimated at 50-80% of drilled widths
Joseph Baylis, Manicouagan's President and CEO, said, "The results from this program are extremely encouraging. They demonstrate much broader potential that demands follow up. These results will help us formulate a plan for the next phase of drilling at Kasagiminnis Lake. We will announce the details of the program once they are available."
Longitudinal sections of the Kasagiminnis Lake gold zone showing the location of Manicouagan's recent drill holes are attached.
The Kasagiminnis Lake Property hosts the Kasagiminnis Lake gold zone that is associated with what was described as a sulphide bearing iron formation. Between 1985 and 1988, Moss Resources and Power Exploration Inc. drilled 25 holes on the zone. The property remained dormant until Manicouagan optioned the property 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).
Each drill hole in the 2011 drill program that reached its targeted depth intersected the gold bearing horizon which ranges from 3 to more than 15 metres wide (true width) and is typically characterized by silicification, sulphide (pyrite +/- pyrrhotite) mineralization often accompanied by the development of garnet, diopside, and grunerite alteration.
The 2011 drill program was successful in confirming the continuity of this portion of the Kasagiminnis Main gold zone which is virtually untested and remains open, below 150 metres depth.
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 has earned a 51 percent interest in the Kasagiminnis, Dorothy-Dobie Lake and Pickle Lake East properties. Pursuant to an option agreement with Trillium North Minerals, 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.
For more information, contact Dr. Elliot Strashin, President, at 416-504-0077 xt 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.
To view the diagram associated with this release, please click on the following link:
http://www.usetdas.com/images/trillium/trilliummap06012011.pdf
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
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/trillium06012011.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