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TRS TresOr Resources Ltd

0.10
0.00 (0.00%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TresOr Resources Ltd TSXV:TRS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.10 0.08 0.10 0 00:00:00

Duvay Gold Project Mini Bulk Sample Update and Drill Results

21/11/2011 1:45pm

Marketwired Canada


Tres-Or Resources Ltd. ("Tres-Or") (TSX VENTURE:TRS) and partner Aurizon Mines
Ltd. ("Aurizon") (TSX:ARZ)(NYSE Amex:AZK) are pleased to provide an update on
field operations at the Duvay Gold Project ("Duvay"), located in the Abitibi
Greenstone Belt approximately 17 kilometres northeast of Amos, in Duverny
township, Quebec. Under the Option Agreement, Aurizon can earn 50% interest in
Duvay Gold Project by making cash payments of $1,500,000 and completing
$6,500,000 work, of which $2,500,000 million is a firm commitment (see news
release dated September 27, 2011 for full details). Tres-Or is the project
Operator.


Tres-Or's current field operations at Duvay are centered around a mini-bulk
sampling program, and drilling. Processing of the first two of the mini-bulk
samples has been completed at Tres-Or's heavy mineral concentration facility on
site. These two samples weighed 10 tonnes apiece, and were crushed to pass
through a 0.85 mm screen before being passed across concentrating tables to
yield heavy mineral concentrates, which were less than 1% of the original start
weight. The first two pit sample concentrates have been shipped to an
independent laboratory for analysis by fire assay. Processing of the third
mini-bulk sample has begun. Additionally, the site has been completely
winterized to allow for continued operations throughout the winter.


Analytical results from the first 13 hole drill program totaling 1261.5 m have
been received from Activation Laboratories Ltd., an independent ISO1EC 17025
rated laboratory in Ancaster, Ontario.


Analyses include 83.194 grams per tonne (g/t) gold (Au) over 1 m from drill hole
DV-012-11; 5.217 g/t Au over 1 m from drill hole DV-008-11; and 8 other
intervals between 0.420 g/t Au and 1.930 g/t Au, from intervals between 1 and 7
m in length (Table 1). True thickness of the intervals cannot be determined at
this early stage of drilling.




  Table 1: Selected intervals from the first 13 drill holes completed at  
                       Duvay by Tres-Or and Aurizon.                      
--------------------------------------------------------------------------
Drill Hole #              g/t Au    Length (m)      From (m)        To (m)
--------------------------------------------------------------------------
                                                                          
DV-012-11                 83.194             1            50            51
DV-012-11                  0.460             2            14            16
DV-008-11                  5.217             1            18            19
               and         0.444             4            30            34
               and         0.678             1            56            57
DV-006-11                  1.930             1            69            70
DV-003-11                  0.537             7            25            32
DV-004-11                  0.481             4            54            58
DV-005-11                  0.420             2           121           123
DV-009-11                  0.477             1            32            33
--------------------------------------------------------------------------



The drill results including 1 m intervals up to 83.194 g/t Au support Duvay's
reputation as a nuggety gold occurrence, which extends back to government
reports from the 1940s. Tres-Or and Aurizon expect the mini-bulk sample program
to be critical in accounting for the nugget effect as we work towards
establishing a gold resource at Duvay.


The drill holes were designed to test structural intersections between the main
west-northwest Duvay compressional shear zone, north-south striking near
vertical extensional quartz veins, and northeast oriented faults and to
investigate the continuity of one of the structures composing the Duvay
mineralized area. Drill holes DV001-11 to DV006-11 were drilled across the most
prominent northeast oriented fault, with two holes from each of three collar
locations 75 m apart. From each collar location, one hole was planned to the
northwest at approximately 45 degrees to 125 m, and the second hole was vertical
to 75 m. Two more similar set-ups (DV008-11 + DV009-11 and DV011-11 and
DV012-11) were located along a magnetically defined fault approximately 100 m
northwest of the first fault. A sixth set-up for DV009-11 and DV010-11 tested
the main shear zone approximately 150 m further west.


The Duvay Gold Project is located in a favourable geological setting with
potential to host low-grade, bulk tonnage gold mineralization. Visible gold was
discovered at Duvay in the late 1930s. Gold mineralization at Duvay is
associated with a northwest trending shear zone and intersecting northeast
faults. The property encompasses kilometric zones of intense carbonate
alteration (ankerite) with quartz stockworks. Native gold occurs on the property
as well as disseminated pyrite, chalcopyrite, sphalerite and minor galena.


Laura Lee Duffett, President and CEO of the Company, a qualified person by the
standards of National Instrument 43-101, is overseeing the project and is
responsible for the content in this news release.


On behalf of the Board of Directors,

Laura Lee Duffett President and CEO

About Tres-Or Resources Ltd.:

Tres-Or Resources Ltd. (TSX VENTURE:TRS) is a Canadian resource company
exploring gold and precious metals projects and diamond assets in Ontario and
Quebec. The experienced team has proven success in exploration through to
discovery and mine development. Additional information related to the Company is
available at: www.tres-or.com.


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