VanEck Vectors Global Alternative Energy ETF

Published : August 11th, 2011

ACQUIRES ADDITIONAL LAND, SKY LAKE GOLD PROJECT, PICKLE LAKE

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Keywords :   Australia | Canada | Gold | Gold Mine | Gold Mines | Iron |

August 11, 2011

TRI ORIGIN ACQUIRES ADDITIONAL LAND, SKY LAKE GOLD PROJECT, PICKLE LAKE, ONTARIO

 

Tri Origin Exploration Ltd. (TSX-V: TOE) (?Tri Origin? or the ?Company?) is pleased to announce that it has entered into a joint venture, earn-in option agreement with Manicouagan Minerals Inc (?Manicouagan?) to acquire a 51% interest in two claims comprising Manicouagan?s Matapesatakun Bay property located 30 kilometres southwest of Pickle Lake, Ontario.

Tri Origin?s Sky Lake property covers part of an extensive and well-mineralized greenstone belt and lies midway between the past-producing gold deposits of the two million ounce Pickle Lake Gold District to the northeast and the Golden Patricia gold mine to the west.  A number of gold occurrences hosted by iron formation and pyritic, felsic volcanic rock have been identified on Tri Origin?s claims which exhibit similar characteristics to producing gold mines located elsewhere in the Canadian Shield.  The option of the Matapesatakun claims now gives Tri Origin coverage of these two important gold-bearing rock types for over 20 kilometres in length across the property.

 

To date, Tri Origin has conducted preliminary geochemical and geological programs at Sky Lake and will continue to delineate drill targets in preparation for drilling programs anticipated to be conducted later this year.

 

The two optioned claims are located at the central part of Tri Origin?s 50 square kilometre Sky Lake property.  The option agreement has a three year term and upon exercise of the option by Tri Origin, the two parties agree to enter into a joint venture to continue exploring the Sky Lake property.  The joint venture will be structured according to industry standard terms. 

 

For further information, please refer to the Company?s website www.triorigin.com  or SEDAR www.sedar.com or contact:

 

Dr. Robert Valliant, President

Tri Origin Exploration Ltd.

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.  Tri Origin has leveraged exposure to mineral discoveries in Australia through its equity interest in its affiliate, TriAusMin Limited which holds gold and base metal resource-based assets in New South Wales.

 

 

Data and Statistics for these countries : Australia | Canada | All
Gold and Silver Prices for these countries : Australia | Canada | All

VanEck Vectors Global Alternative Energy ETF

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CODE : TOE.V
ISIN : CA89557L1031
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Tri Origin is a cobalt and nickel exploration company based in Canada.

Tri Origin develops cobalt, nickel, copper, gold, lead, silver and zinc in Australia, and holds various exploration projects in Australia and in Canada.

Its main assets in development are WOODLAWN UNDERGROUND and WOODLAWN RETREATMENT in Australia and its main exploration properties are OVERFLOW, CALARIE, LEWIS PONDS and WOODLAWN MINING DISTRICT in Australia and RED LAKE EXTENSION / CONFEDERATION, BURNTBUSH, COCHENOUR and CITADEL CUSTOM GOLD (SURLUGA) in Canada.

Tri Origin is listed in Canada and in Germany. Its market capitalisation is 10.0 millions as of today (US$ 8.0 millions, € 6.7 millions).

Its stock quote reached its highest recent level on April 05, 2007 at 1.39, and its lowest recent point on March 18, 2020 at 0.01.

Tri Origin has 47 442 200 shares outstanding.

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