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Published : August 06th, 2008

To Commence Drilling at Red Lake

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

FOR IMMEDIATE RELEASE:

August 6, 2008

 

TRI ORIGIN TO COMMENCE DRILLING AT RED LAKE

 

 

Tri Origin Exploration Ltd. (the ?Company? or ?Tri Origin?) (TOE: TSX-V) is pleased to announce that the Company will commence its summer Diamond drilling program at its Red Lake Extension project (?RLX?) in late August. A drilling rig has been contracted by the Company and will soon be mobilized to the area.

 

An extensive VTEM airborne geophysical survey was conducted over the property earlier this year by Geotech Ltd. as a precursor to the upcoming drill program. Recent summer field work completed on the property has consisted of extensive geochemical sampling and ground induced polarization (I.P.) surveys at areas prioritized by the VTEM results. This work has assisted with the targeting of the drill program. The total drill program planned for this summer at RLX includes a minimum of 7 Diamond drill holes totaling 1,250 metres. 

 

RLX is a gold exploration project comprised of approximately 30,000 acres located adjacent to Goldcorp?s mine property and 15 kilometres southeast of Goldcorp?s Red Lake mine. The highly prolific Red Lake District hosts several major 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 Red Lake gold mine and other past-producing mines northwest of RLX. There has been a significant amount of staking in the Red Lake area recently and new corporate alliances are emerging.

 

Dr. Robert Valliant, President of the Company said, ?The Red Lake district has been in the news lately as two large gold companies, Goldcorp and Agnico-Eagle have been consolidating landholdings in the area. Recently, Goldcorp made a very significant offer to purchase another junior gold mining company active in this area. Tri Origin?s land position of approximately 30,000 acres makes it one of the top 5 claimholders in the Red Lake District. In spite of the successful mining in this region historically, Tri Origin?s landholding has been ignored previously and is virtually unexplored.?

 

The Company is also pleased to announce that drilling and related field work at its North Abitibi project, located 150 kilometres north of Kirkland Lake, Ontario, has been completed. Samples from the drilling program have been submitted for assay and results will be reported when available.

 

Tri Origin is a leading Canadian exploration company with gold and base metal exploration projects in Canada and, through its investment in Tri Origin Minerals Ltd., base metal exploration and development stage projects in Australia.

 

For further information please contact:

 

Tri Origin Exploration Ltd.

Dr. Robert Valliant, President

or

Rudy Duschek C.A, CFA, Executive V-P Corporate Development and CFO

Tel: (905) 294-9942.

 

Web page - www.triorigin.com

E-mail: invest@triorigin.com

 

Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin has leveraged exposure to mineral discoveries in Australia through its 48% equity interest in its affiliate, Tri Origin Minerals Ltd.; a publicly traded company listed on 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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