VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 30, 2015) – TriMetals Mining Inc. (TSX:TMI)(TSX:TMI.B)(OTCQX:TMIAF)(OTCQX:TMIBF), (the “Company”), is pleased to announce that it has contracted a drilling company to start drilling at the Gold Springs project located in mining friendly Nevada and Utah, on October 1, 2015.
The immediate focus of the drilling will be to expand the mineralized zone around the very successful 2014 RC hole J-14-018 which intercepted 138.7 metres at 1.01 g/t gold equivalent* (AuEq), including 36.6 metres at 2.06 g/t AuEq (PR Nov. 12, 2014). This intercept ended in mineralization and tested a deeper portion of the system suggesting that there may be increasing grades with depth.
Ralph Fitch, President and CEO stated “We are very excited to start the new drill program in light of what we have learned from the 2014 drilling and our recently updated PEA. We believe there is an excellent opportunity to continue to expand the Jumbo zone which is open to the North, South and to depth. It’s always good to remember that we have a positive PEA and have drilled less than 10% of what we believe is the gold target on the property. In fact we are still drilling the first two of twenty six areas of outcropping gold mineralization.”
Jumbo drill targets will include the extension of known mineralization plus the testing of a potential new parallel zone just to the East of the main resource block as well as probing in the far south of the Jumbo zone following the high resistivity anomaly which has correlated with gold mineralization in the zone to the North.
The drilling will start on October 1st and will consist of approximately 3,700 metres and should take several months to complete.
|* Gold equivalent (AuEq) calculations reflect gross metal content using a gold/silver price ratio of 57.14, and have not been adjusted for metallurgical recoveries.|
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”. Additional information related to TriMetals Mining Inc. is available at www.trimetalsmining.com and on SEDAR at www.sedar.com.
Certain statements contained herein constitute “forward-looking statements”. Forward looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as “suggesting”, “believe”, “continue”, “should”, “will”, “potential” and similar expressions. These forward- looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations if known and unknown risks or uncertainties affect our business or if our estimates or assumptions prove inaccurate. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, risks of the mineral exploration industry which may affect the advancement of the Gold Springs project, including possible variations in mineral resources, grade, recovery rates, metal prices, capital and operating costs, and the application of taxes; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; availability of equipment and qualified personnel, failure of equipment or processes to operate as anticipated, changes in project parameters as plans continue to be refined; regulatory, environmental and other risks of the mining industry more fully described in the Company’s Annual Information Form and continuous disclosure documents, which are available on SEDAR at www.sedar.com. The assumptions made in developing the forward-looking statements include: the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the continuing support for mining by local governments in Nevada and Utah; the availability of equipment and qualified personnel to advance the Gold Springs project; execution of the Company’s existing plans and further exploration and development programs for Gold Spring, which may change due to changes in the views of the Company or if new information arises which makes it prudent to change such plans or programs.
Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Except as required by law, TMI assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. Unless otherwise indicated, forward-looking statements in this press release describe the Company’s expectations as of September 30, 2015.
President & CEO
TriMetals Mining Inc.
Chief Financial Officer