Trillium Acquires Land in Beardmore-Geraldton Gold Belt
04 Febbraio 2008 - 5:15PM
Marketwired
TORONTO, ONTARIO (TSX VENTURE: TNM) is pleased to announce that
it has secured a land position in the Beardmore-Geraldton
greenstone belt in north-central Ontario. Following on Kodiak's
discoveries at its Hercules property, Trillium initiated a review
of the belt and has staked in excess of 4800 hectares approximately
50 kilometres north-northeast of the Kodiak's Hercules
discovery.
The Beardmore-Geraldton mineral belt has produced 4.1 million
ounces of gold from several deposits located along its 84 kilometre
east-west extent, and is up to 21 kilometres wide. Favourable
Archean metasedimentary and metavolcanic formations within the belt
have been intruded by younger igneous stocks that are thought to
have remobilized metals into favourable greenstone and intrusive
hosted shear zones and associated quartz veins. Kodiak's Hercules
project, located near the center of the belt, has concentrated on
one of these intrusive centers. The Trillium exploration team has
identified what it believes to be a similar setting to Kodiak's
Hercules project and has acquired it through staking.
Trillium believes this entire area is under-explored and
contains favourable geologic potential for the discovery of
economic gold and base metal deposits. Trillium has initiated an
extensive review of all available data for the area in preparation
for future exploration programs and in aiding in Trillium's pursuit
of further acquisitions, to increase its land holdings in the
belt.
Michael Thompson, P.Geo, a qualified person under National
Instrument 43-101, has approved the technical content of this news
release and will supervise the exploration on the project.
Elliot Strashin, CEO, is quoted, "With this acquisition Trillium
is now actively exploring in three Ontario Gold Camps,
Beardmore-Geraldton, Timmins and Pickle Lake."
In other news, the drilling on the West Porcupine property has
been completed and all assays have been received. A total of 1029
meters were drilled in 8 holes. Results include 1.06 g/T Au over
1.00 meters in hole WPP-07-001, 2.20 g/T Au over 1.00 meters and
4.06 g/T Au over 0.80 meters, both in hole WPP-07-002. Although no
economic grade intersections were encountered, management is
encouraged by the results which are being incorporated into the
geological model in preparation for future programs.
Information on this and all our projects can be viewed on our
website at www.trilliumnorth.com.
This news release contains forward-looking statements within the
meaning of the "safe harbour" provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties and other factors that may cause
Trillium North Minerals Ltd.'s results to differ materially from
expectations. These include risks relating to market fluctuations,
property performance and other risks. These forward-looking
statements speak only as of the date hereof. Trillium North
Minerals Ltd. disclaims any intent or obligation to update these
forward-looking statements.
On behalf of the board of directors
Dr. Elliot Strashin, President
The TSX Venture Exchange does not take responsibility for the
adequacy or accuracy of this release.
Contacts: Bay Street Connect Michael D'Amico Investor Relations
(647) 500-6023 Trillium North Minerals Ltd. Elliot Strashin
President (416) 504-0077 (416) 504-6019 (FAX) Website:
www.trilliumnorth.com
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