VANCOUVER, BC--(Marketwired - June 20, 2017) - TriMetals Mining Inc. (TSX: TMI) (
The phase 1 drill program of approximately 30 holes will start with the initial drill holes located in the South Jumbo (historic Etna mine) area where 2016 holes intersected substantial thicknesses and grades, including E-16-005 which intersected 150 metres of 0.87 g/t gold (1 g/t gold equivalent) and ended in the mineral system.
The March 29, 2017 Technical Report and Resource Estimate for the Gold Springs project (PR 17-05 of March 29, 2017) reported an initial resource for the South Jumbo target which is open to expansion along strike in a north-south direction and to depth. The width of the mineralization is still open to expansion as well, as holes were collared in, and bottomed in mineralization. This year's drilling will look to define the width of the mineralization and expand the resource along strike and to depth.
Drilling will then move approximately 700 metres northeast to the Central Jumbo target area (State Section) to fill in the 1.5 km undrilled gap between the South Jumbo and North Jumbo resource areas.
Ralph Fitch, President and CEO, stated, "This phase 1 drill program, part of the planned much larger 125-hole program, will be very exciting as it explores these substantial geological/structural and geophysical targets that have already yielded some of our best results. As this year's program progresses we plan to drill several of our other high priority ZTEM and structural targets.
"TMI has conducted resource drilling on four targets and has developed resources on all four. We believe this year's drill program will continue to demonstrate the tremendous upside potential for the project."
About TriMetals Mining Inc.
TriMetals Mining Inc. is a growth focused mineral exploration company creating value through the exploration and development of the near surface, Gold Springs gold-silver project in mining friendly Nevada and Utah in the U.S.A.
The Company's approach to business combines the team's track record of discovery and advancement of large projects, key operational and process expertise, and a focus on community relations and sustainable development. Management has extensive experience in the global exploration and mining industry.
The Company's common shares and Class B shares are listed on the Toronto Stock Exchange under the symbols "TMI" and "TMI.B" and the common shares and Class B shares also trade on the OTCQX market under the symbol "TMIAF" and "TMIBF". Note that the Class B shares have no interest in the properties or assets of the Company other than a collective entitlement to 85% of the net cash, if any, (after deducting all costs, taxes and expenses and the third-party funder's portion thereof) received by TMI from award or settlement in relation to the Company's subsidiary South American Silver Limited's arbitration proceeding against Bolivia for the expropriation of the Malku Khota project in 2012. Additional information related to TriMetals Mining Inc. is available at www.trimetalsmining.com and on SEDAR at www.sedar.com.
Qualified Person
The Qualified Person on the Gold Springs property is Randall Moore, Executive Vice President of Exploration - North America of TriMetals Mining Inc. and he has reviewed and approved the content of this press release. The Qualified Person verified the data for its geological reasonableness, checked all the inputs and verified the analytical data through an analysis of the blanks and standards submitted with the drill-chip samples.
Gold Equivalent
Gold Equivalent (AuEq) in this press release was calculated using a 61.9 gold to silver ratio and assumes 100% metallurgical recoveries.
