VanEck Vectors Global Alternative Energy ETF

Published : June 28th, 2007

Woodlawn Tailings Retreatment Project Resource

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

 

June 28, 2007

 

FOR IMMEDIATE RELEASE

 

 

7.0 MILLION TONNE TAILINGS RESOURCE ADDS TO WOODLAWN FEASIBILITY STUDY

 

Tri Origin Exploration Ltd (TOE: TSX-V) is pleased to announce that its 51%-owned subsidiary, Tri Origin Minerals Ltd (TRO) has completed a Resource estimate for the Woodlawn Tailing’s Retreatment Project (WRP) West and South tailings dams. The JORC(1) compliant Measured and Indicated Resource is

 

6.98 million tonnes grading 0.55% copper, 1.34% lead, 2.31% zinc, 0.31 grams per tonne gold and 30 grams per tonne silver.

 

An additional Inferred Resource of 1.61 million tonnes at similar grades has also been calculated. The third dam of the WRP, the North tailings dam, is yet to be drilled and evaluated. Based upon historic Woodlawn mine production reconciliations it is anticipated that an additional 2.5 million tonnes of tailings may be defined within this third dam.

 

The Woodlawn Tailings Retreatment Project and Woodlawn Underground Project are being evaluated by TRO on an integrated basis as part of a bankable feasibility study to redevelop the past-producing Woodlawn mine. This study is on schedule for completion during the first quarter of 2008. Statutory approvals are being run in parallel with the study and are on schedule for completion by mid 2008.

 

The tailing resources (Tables 1, 2 and 3) for the West and South tailings dams have been independently estimated by Mr Robin Rankin of GeoRes (GeoRes), Sydney, Australia.

 

Table 1: Combined Tailings Resource Estimate 2007

Resource Category

Tonnes

%

Tonnes

Cu (%)

Pb (%)

Zn (%)

Au (g/t)

Ag (g/t)

Measured

3,890,000

45

0.55

1.34

2.31

0.31

30

Indicated

3,090,000

36

0.54

1.33

2.20

0.31

29

Inferred

1,610,000

19

0.51

1.18

2.26

0.24

24

Total

8,590,000

100

0.54

1.30

2.26

0.29

28

 


 

Table 2: West Dam Tailings Resource Estimate 2007

Resource Category

Tonnes

%

Tonnes

Cu (%)

Pb (%)

Zn (%)

Au (g/t)

Ag (g/t)

Measured

2,030,000

51

0.61

1.46

2.01

0.39

35

Indicated

1,550,000

27

0.59

1.50

1.91

0.39

36

Inferred

   370,000

22

0.60

1.49

1.80

0.37

33

Total

3,960,000

100

0.60

1.48

1.95

0.39

36

 

Table 3: South Dam Tailings Resource Estimate 2007

Resource Category

Tonnes

%

Tonnes

Cu (%)

Pb (%)

Zn (%)

Au (g/t)

Ag (g/t)

Measured

1,860,000

40

0.48

1.20

2.63

0.22

25

Indicated

1,540,000

33

0.50

1.15

2.49

0.22

21

Inferred

1,240,000

27

0.48

1.09

2.40

0.20

21

Total

4,630,000

100

0.49

1.15

2.52

0.21

23

 

Note: Numbers are rounded up or down and hence may not appear additive.

 

The Woodlawn property located 200 kilometres southwest of Sydney, New South Wales was acquired by Tri Origin in 1999 and was considered a key asset of the Company during the ASX listing of its subsidiary in 2004. The Woodlawn mine operated from 1978 to1998 milling approximately 13.8 million tonnes of high grade ore from open pit and underground operations. The operations closed due to prevailing low metal prices and corporate reasons.

 

In October last year TRO released a Measured and Indicated Resource estimate for the underground component of the Woodlawn Zinc project of 8.58 million tonnes grading 1.8% copper, 4.0% lead, 10.3% zinc, 0.54 grams per tonne gold and 84 grams per tonne silver. Based on this resource, a pre-feasibility evaluation of the underground component of the Woodlawn Zinc project was subsequently completed with positive results. TRO is now progressing a bankable feasibility study for Woodlawn and the new tailings resource estimate will be integrated into that study. The combined Measured and Indicated Resource for the property now stands at 15.6 million tonnes. This will be the first economic evaluation of an integrated underground and tailings retreatment operation.

 

A positive economic evaluation from the bankable feasibility study would likely result in a tailings retreatment project in the order of 1.5 million tonnes per annum and an underground operation producing 440,000 tonnes per annum. In effect TRO is pursuing the development of a near 2 million tonnes per annum operation at Woodlawn. The advantage of an integrated project would be the potential to blend a low grade concentrate from the tailings with that of higher grade concentrate produced from underground ore and the potential benefit of operating economies of scale given the combined tonnage throughput. The overall potential of the Woodlawn Zinc Project is to produce 120,000 to 130,000 tonnes per annum of concentrates at the site.

 

The capital requirements for this project will be determined by the bankable feasibility study. It is now estimated by TRO that capital costs may be in the order of $150 million.

 

Tailings Resources have been estimated by GeoRes using a validated database comprising data from 88 drill holes and survey data of dam and tailings surfaces. The significant percentage of Resources in the Measured (45%) and Indicated (36%) categories at both the West and South tailings dams (Tables 2 and 3) is a function of reliable geostatistical characteristics resulting from high data density. This, combined with conservative extrapolation parameters explains the relatively small percentage of Inferred Resources. Additional drilling in the future, including the north dam, would further increase the confidence of contained metal within the dams. Where historical operating records from the Woodlawn Mine were available these were reconciled with dam volumes and grades. These reconciled within the confidence levels of the Resource estimates. TRO considers that the existing definition is sufficient to complete an economic evaluation for the bankable feasibility study.

 

(1) Declaration and JORC Compliance:  The information in this release that relates to Mineral Resources or Ore Reserves is based on information compiled by Robin Rankin, a Member of the AusIMM, and registered as a Chartered Professional Geologist (CPGeo).  Robin Rankin is Principal Geologist and operator of GeoRes.  He has sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined by JORC.  He consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

This release was prepared by Tri Origin Exploration Ltd. from information supplied by its subsidiary Tri Origin Minerals Ltd (TRO). TRO’s news release can be publicly accessed at www.asx.com.au under Listed Company Documents filed by TRO. TRO’s reporting of mineral resources, exploration results and qualifications of competent persons are in accordance with the 2004 Edition of the Australasian Code for Reporting of Exploration Results and the JORC Code of December 17, 2004. Although these codes may differ in some regards to Canadian Standards including NI 43-101, it is the opinion of TOE management that statements made in the TRO report are, in all material regards, compliant with NI 43-101standards.

 

For further information please contact:

Tri Origin Exploration Ltd.

Dr. Robert Valliant, President

 

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 51% equity interest in its subsidiary, Tri Origin Minerals Ltd.; a publicly traded company listed on the Australian Stock Exchange under the symbol TRO.

 

VanEck Vectors Global Alternative Energy ETF

DEVELOPMENT STAGE
CODE : TOE.V
ISIN : CA89557L1031
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of VanEck Vectors Global Alternative Energy ETF
AUSTRALIAN AFFILIATE FILES ANNUAL REPORT
TOE 2008 Annual Report
Financings of VanEck Vectors Global Alternative Energy ETF
3/28/2011COMPLETES FINAL $1,000,000 TRANCHE OF NON-BROKERED FINANCING...
8/23/2010TOE News Release Aug 23, 2010 - Tri Origin Announces Flow-Th...
12/29/2009Flow Through Placement Completed
9/26/2008TOE ANNOUNCES CLOSING OF $1MILLION FLOW-THROUGH PRIVATE PLAC...
9/12/2008ANNOUNCES $1 MILLION FLOW-THROUGH PRIVATE PLACEMENT
10/23/2007Investment-Backed Credit Facility
Project news of VanEck Vectors Global Alternative Energy ETF
7/11/2013July 11, 2013 COMPANY AFFILIATE REPORTS RECEIVING FINAL GRAN...
5/21/2013MAY 21ST 2013 - Positive Results From Geophysical Surveryin...
11/8/2012Commences Drilling Program at Red Lake Extension Property
10/25/2012New Drill Program Approved for Red Lake Extension Property
4/3/2012AFFILIATE ANNOUNCES HIGH GRADE, DEEP DRILL INTERSECTIONS AT ...
3/22/2012(Woodlawn Retreatment)AFFILIATE ANNOUNCES APPROVAL FOR DEVELOPMENT OF WOODLAWN RET...
2/16/2012Osisko to Option Tri Origin's RLX Property
12/12/2011(North Abitibi)Announces High-Grade Gold Mineralization at North Abitibi
8/11/2011(Sky Lake)ACQUIRES ADDITIONAL LAND, SKY LAKE GOLD PROJECT, PICKLE LAKE
5/25/2011Commences Drilling Program at Red Lake Extension Project
7/8/2010(Lewis Ponds)Affiliate Reports on Progress at Lewis Ponds Gold Project
6/30/2010(Red Lake Extension / Confederation) Field Program Prioritizes Drill Targets
2/23/2010(Lewis Ponds)Affiliate commences airbone geophysical survey of Lewis Pond
4/6/2010(Woodlawn Mining District)Drilling Update at Woodlawn
9/8/2009(Red Lake Extension / Confederation)Drilling Program Complete At Red Lake Extension Project
7/7/2009(Red Lake Extension / Confederation)Commences Drilling at Red Lake
5/27/2009(Red Lake Extension / Confederation)Commences Exploration at Red Lake
2/6/2009(North Abitibi)North Abitibi Option Dropped and CFO Resigns
11/28/2008(Red Lake Extension / Confederation)DRILLING PROGRAM COMPLETE AT RED LAKE EXTENSION PROJECT/MANA...
11/3/2008(Red Lake Extension / Confederation)ON TOE DRILLING AT RED LAKE, ONTARIO & AUSTRALIAN AFFILIATE ...
9/29/2008(North Abitibi)TOE News Release - Summer Drilling Program Complete, North A...
8/1/2008AUSTRALIAN SUBSIDIARY REPORTS COMPLETION OF WOODLAWN RETREAT...
7/4/2008(North Abitibi)Commences Drilling at North Abitibi
7/2/2008(Keewatin)ACQUIRES 100% INTEREST IN KEEWATIN PROPERTIES (BHP)
4/30/2008(Woodlawn Underground)Mineral Resources Upgraded and Feasibility Study Nearing Com...
4/7/2008(Red Lake Extension / Confederation)AIRBORNE AND GROUND GEOPHYSICAL PROGRAMS DEFINE NEW DRILL TA...
3/6/2008(Woodlawn Underground)Woodlawn Zinc-Copper Projects Update
1/29/2008(Red Lake Extension / Confederation)Land Holdings increased and Airborne Geophysical program com...
12/18/2007(Woodlawn Underground)Drilling commences to add to Tailings Resource at Woodlawn
12/10/2007(Woodlawn Underground)Feasibility Study Progress at Woodlawn, NSW
10/31/2007(Keewatin) Drilling Results at Keewatin, Copper, Gold & Uranium Projec...
10/1/2007Gold Targets Identified by Overburden Drilling, RLX Project,...
9/11/2007(Woodlawn Underground)Woodlawn Zinc - Copper Projects update
6/25/2007Drilling program in progress at Red Lake Extension project, ...
4/2/2007(Woodlawn Underground)WOODLAWN UNDERGROUND PROJECT TO PROCEED TO FEASIBILITY
Corporate news of VanEck Vectors Global Alternative Energy ETF
9/23/2015IIROC Trading Resumption - TOE
9/23/2015Tri Origin Stakes Properties on Behalf of Abitibi Gold & Bas...
9/23/2015IIROC Trading Halt - TOE
7/9/2015Field Program Completed at Tri Origin's Sky Lake Gold Projec...
4/24/2013April 24th 2013 Positive Return from Sale of Tri Origin's In...
5/22/2012Commences at Red Lake
3/19/2012GOLD EXPLORATION TARGETS OUTLINED FOR 2012 FIELD SEASON
12/19/2011(Sky Lake)Drill Targets Confirmed at Sky Lake Gold Project
5/27/2011files fiscal Q3 Financial Statements
3/8/2011COMPLETES FIRST CLOSING OF $550,000 NON-BROKERED FINANCING
5/31/2010Key Gold Targets to be Evaluated as Field Season Commences
3/1/2010Acquires gold exploration property
1/25/2010DECLARES DIVIDEND-IN-KIND
1/22/2010Affiliate Successfully Listed on TSX
9/29/2009Announces Change of Record Date and Annual, General and Spec...
7/28/2009Announces Intention to Distribute Shares of AU
5/28/2009Releases Quarterly Financial Statements
3/2/2009Releases Interim Financial Statements
2/26/2009R. W. Hutchinson accepts position as Founding Chair, Geotech...
1/30/2009NEW RELEASE - ' TRI ORIGIN'S AFFILIATE RELEASES QUARTERLY RE...
1/12/2009- OZ MINERALS TERMINATES ALLIANCE WITH TRI ORIGIN
11/20/2008AUSTRALIAN AFFILIATE REPORTS SIGNING OF AGREEMENTS TO COMMEN...
8/22/2008FORMS ALLIANCE WITH MAJOR MINING COMPANY
8/6/2008To Commence Drilling at Red Lake
6/24/2008Australian Financing
2/29/2008 Financial Statements
10/26/2007June 2007 Financial Statements & MD&S point to a strong year...
9/28/2007MR. ALAN SNOWDEN JOINS THE BOARD OF TRI ORIGIN’S AUSTRALIAN ...
9/4/2007Financial Investment Update
7/12/2007commences drilling at Keewatin Project
6/28/2007Woodlawn Tailings Retreatment Project Resource
5/16/2007TOE - Announces Additional Shares Issued in Subsidiary and A...
3/21/2006drilling to commence, Red Lake extension, Ontario
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (TOE.V)BERLIN (RZX.BE)
0.210+23.53%0.0000
TSX-V
CA$ 0.210
04/27 14:47 0.040
23.53%
Prev close Open
0.170 0.210
Low High
0.210 0.210
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.210 -%
Volume 1 month var.
4,500 -%
24hGold TrendPower© : -11
Produces
Develops Copper - Gold - Lead - Silver - Zinc
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/2/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2021-6.67%0.280.16
20201025.00%0.390.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.72+0.45%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.42+0.12%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-2.80%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.08-0.95%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.57+0.97%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.25+0.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.47-2.31%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.10-4.76%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.