Tri Origin Commences Airborne Geophysical Survey over Alliance Gold & Base Metal Properties
Aurora, Ontario / TheNewswire / October 15 2015 - Tri Origin Exploration Ltd. (TSX-V:TOE) ("Tri Origin" or the "Company") is pleased to announce that a VTEM-plus airborne geophysical survey covering a large property holding along the south margin of the Abitibi Greenstone Belt in Ontario has commenced. The survey covers properties acquired on behalf of a new gold and base metal exploration Alliance entered into between Tri Origin and Sumac Mines Ltd. ("Sumac") a subsidiary of Sumitomo Metal Mining Co. Ltd. ("Sumitomo"). Sumac is funding the acquisition and initial phases of work at these properties to a maximum total expenditure of C$4.5 million. The airborne survey is funded by Sumac as part of an initial two year exploration budget of C$1.5 million.
The survey is being flown by Geotech Ltd of Aurora, Ontario and will collect VTEM-plus electromagnetic and magnetic data over a large and detailed survey grid totalling approximately 5,000 kilometres of flight lines and extending over an area almost 70 kilometres in length. This is a substantial survey covering all of the Alliance properties acquired by staking as announced by Tri Origin in a news release dated September 23, 2015.
The survey covers regional target areas identified by Tri Origin along the southern margin of the Abitibi Greenstone Belt in the Cobalt-Temagami region where the prospective Archean-age volcanic rocks are covered by younger, regionally extensive, Proterozoic-age sedimentary rocks. These cover rocks precluded historic prospecting and limited the effectiveness of earlier geophysical equipment which had minimal depth penetration capability. Furthermore, much of this terrain was excluded from exploration during the time period between 1970 and 2000 due to land cautions and exploration moratoriums. Tri Origin's management believes that the prospective, covered Archean rocks can now be effectively explored using modern geophysical techniques and drilling.
The survey is expected to be complete by early November. Interpretive work to identify drill targets will extend into late fall. Field investigations of anomalous target areas will be conducted as weather permits. Shareholders will be informed of the results of this work and of the plans for follow-up work and diamond drilling as they are formalized.
This represents a unique exploration opportunity for Tri Origin where a large area of highly prospective rocks of the Abitibi Greenstone Belt will now be explored for the first time. The Alliance's focus on high-grade and high-value gold and gold-rich, poly-metallic sulphide deposits in selected areas of the southern Abitibi Greenstone Belt of Ontario- one of the most prolific metal producing areas in the world provides a fully-funded opportunity for Tri Origin to capitalize on its strategy of identifying and acquiring prospective, district-scale properties in well-mineralized mining areas and advancing these properties toward making new discoveries.
Tri Origin is pleased to participate with Sumac in its mineral exploration efforts and values Sumac's contributions to this Alliance. Sumitomo, Sumac's parent company, is a Japanese firm engaged in gold and base metals mining, smelting and refining, manufacturing of semiconductor and advanced materials and other business. For more information about Sumitomo, please visit www.smm.co.jp/E/
For information about Tri Origin, please visit www.triorigin.com or SEDAR www.sedar.com or contact:
Dr. Robert Valliant, President
Tel: (905) 727-1779
E-mail: invest@triorigin.com
Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin is a leading Canadian exploration company with gold and base metal projects in Canada.
CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Tri Origin's periodic reports including the annual report or in the filings made by Tri Origin from time to time with securities regulatory authorities.
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