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Share Name | Share Symbol | Market | Type |
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White Metal Resources Corporation | TSXV:TNM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Trillium North Minerals Ltd.("Trillium")(TSX VENTURE:TNM) is pleased to announce that it has secured a land position in the Beardmore-Geraldton greenstone belt in north-central Ontario. Following on Kodiak's discoveries at its Hercules property, Trillium initiated a review of the belt and has staked in excess of 4800 hectares approximately 50 kilometres north-northeast of the Kodiak's Hercules discovery. The Beardmore-Geraldton mineral belt has produced 4.1 million ounces of gold from several deposits located along its 84 kilometre east-west extent, and is up to 21 kilometres wide. Favourable Archean metasedimentary and metavolcanic formations within the belt have been intruded by younger igneous stocks that are thought to have remobilized metals into favourable greenstone and intrusive hosted shear zones and associated quartz veins. Kodiak's Hercules project, located near the center of the belt, has concentrated on one of these intrusive centers. The Trillium exploration team has identified what it believes to be a similar setting to Kodiak's Hercules project and has acquired it through staking. Trillium believes this entire area is under-explored and contains favourable geologic potential for the discovery of economic gold and base metal deposits. Trillium has initiated an extensive review of all available data for the area in preparation for future exploration programs and in aiding in Trillium's pursuit of further acquisitions, to increase its land holdings in the belt. Michael Thompson, P.Geo, a qualified person under National Instrument 43-101, has approved the technical content of this news release and will supervise the exploration on the project. Elliot Strashin, CEO, is quoted, "With this acquisition Trillium is now actively exploring in three Ontario Gold Camps, Beardmore-Geraldton, Timmins and Pickle Lake." In other news, the drilling on the West Porcupine property has been completed and all assays have been received. A total of 1029 meters were drilled in 8 holes. Results include 1.06 g/T Au over 1.00 meters in hole WPP-07-001, 2.20 g/T Au over 1.00 meters and 4.06 g/T Au over 0.80 meters, both in hole WPP-07-002. Although no economic grade intersections were encountered, management is encouraged by the results which are being incorporated into the geological model in preparation for future programs. Information on this and all our projects can be viewed on our website at www.trilliumnorth.com. This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Trillium North Minerals Ltd.'s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Trillium North Minerals Ltd. disclaims any intent or obligation to update these forward-looking statements. On behalf of the board of directors Dr. Elliot Strashin, President
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