VanEck Vectors Global Alternative Energy ETF

Published : June 30th, 2010

Field Program Prioritizes Drill Targets

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

 

FOR IMMEDIATE RELEASE:

June 30, 2010

FIELD PROGRAM PRIORITIZES DRILL TARGETS AT RED LAKE EXTENSION PROPERTY

 

Tri Origin Exploration Ltd. (TOE: TSX.V) (?Tri Origin? or the ?Company?) is pleased to announce that a field program has been completed at the Company?s Red Lake Extension (?RLX?) property at Red Lake, Ontario.  Tri Origin?s field crew conducted geochemical and geological surveying to prioritize gold targets identified by earlier anomalous geophysical and geochemical results.  Top priority targets will be further evaluated by Diamond drilling programs expected to commence in fall 2010.

 

The field program conducted in the western and north-western parts of Tri Origin?s RLX property was successful in locating altered and sulphide-bearing rock as well as iron formation nearby some of the selected targets.  However, many of the targets are buried by thick overburden.  All of these areas warrant further investigation.  An additional 2000 soil and rock samples have been taken and will be analyzed for gold and base metals.  Results of the analyses of these samples are awaited.  These results will aid in the final ranking of targets for drilling. 

 

RLX is a gold exploration project comprised of approximately 121 square kilometres located at the southeast part of the Red Lake Gold Mining District and 15 kilometres southeast of Goldcorp?s Red Lake mine. The highly prolific Red Lake District hosts several major, operating and past-producing gold mines and has produced over 20 million ounces of gold. The Company?s work continues to validate its hypothesis that RLX is underlain by the important mine trend rock units that host the nearby Red Lake Gold Mine operated by Goldcorp Inc. 

 

The Sky Lake gold Project consists of a 50 square kilometre property located 35 kilometres southwest of Pickle Lake in north-western Ontario.  The property covers part of an extensive and well-mineralized greenstone belt and lies midway between the past-producing gold deposits of the 2 million ounce Pickle Lake Gold District to the northeast and the Golden Patricia gold mine to the west. 

 

Tri Origin?s field crew will re-commence its field program in early July to explore and prioritize prospective drill targets at the Company?s recently acquired gold exploration property at Sky Lake located approximately 250 kilometres to the east of RLX near the past-producing Pickle Lake Gold District.  The targets at Sky Lake will be further evaluated by Diamond drilling programs expected to commence during winter 2010.

 

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 the registered Canadian business name of Tri Origin Minerals Ltd.; a publicly traded, dual listed company that trades on the Toronto Stock Exchange under the symbol TOR and the Australian Securities Exchange under the symbol TRO.

 

 

 

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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