Airborne Geophysical Survey to Commence at Tri Origin's Detour West Gold Property
Aurora, Ontario / TheNewswire / July 26, 2016 - Tri Origin Exploration Ltd. (TSX-V:TOE) ("Tri Origin" or the "Company") is pleased to announce that a VTEM-plus airborne geophysical survey covering the Company's 100% owned Detour West property is about to commence. The survey will cover the full extent of the strategically located Detour West property which is only 20 kilometres west of the Detour Lake Gold Mine and 180 kilometres north of Timmins at the northwest part of the Abitibi Greenstone Belt in Ontario.
The survey will be flown by Geotech Ltd of Aurora, Ontario and will collect VTEM-plus electromagnetic and magnetic data over a detailed survey grid extending over an area almost 15 kilometres in length and will total approximately 1,250 kilometres of flight lines.
The Detour West property was acquired by staking as announced by Tri Origin in a news release dated January 21, 2015 and consists of 30 staked mining claims comprising 480 claim units covering an area of approximately 19,000 acres. The claims tie directly onto mining claims held by Detour Gold Corp. the operator of the nearby Detour Lake Mine which has a 15.5 million ounce gold reserve making it one of the largest gold reserves in Canada.
Detour West was identified and researched by Tri Origin and the Company's work indicated that the property is underlain by a previously unexplored and unrecognized extension of the rock units and Sunday Lake, Massicotte and Lower Detour deformation zones that host the Detour Lake Mine and Lower Detour discovery recently announced by Detour Gold Corp.. Recent success by Detour Gold Corp. at both the Detour Lake Mine and the Lower Detour discovery have renewed interest in the area and a great deal of exploration work is being conducted for over 50 kilometres to the east of Detour Lake in Quebec with successful new discoveries being made. The Ontario side of the belt has not seen this activity due to the dominant land position held by Detour Gold Corp. and, most importantly, due to the earlier held belief that rocks of the greenstone belt did not extend west of Detour's property.
The airborne survey is expected to be completed during mid-August. Field investigations and follow-up surveying of anomalous target areas identified from the airborne data will be conducted during early fall. The program planned by Tri Origin was accepted for the Junior Exploration assistance Program ("JEAP") sponsored by the Northern Ontario Heritage Fund Corporation and the Ontario Prospectors Association. The JEAP program has committed to provide Tri Origin with a grant to return funds to the Company of up to 33.3 per cent of approved eligible exploration expenditures at Detour West to a maximum of $100,000. Shareholders will be informed of the results of the airborne survey and plans for follow-up work as they become available.
Detour West 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 focus on high-grade and high-value gold deposits in selected areas of the Abitibi- one of the most prolific metal producing areas in the world provides an 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.
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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