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TMXN Trimax Corporation (PK)

0.0014
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Trimax Corporation (PK) USOTC:TMXN OTCMarkets 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% 0.0014 0.0008 0.0015 0.00 21:00:01

CORRECTING & REPLACING Trimax Corp. Announces Extension to Its Property Option Agreement to Acquire Controlling Interest in N...

07/04/2010 4:27pm

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Trimax (PK) (USOTC:TMXN)
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The phone number in the contact section should read: 310-405-9495 (sted 310-405-9195).

The corrected release reads:

TRIMAX CORPORATION ANNOUNCES EXTENSION TO ITS PROPERTY OPTION AGREEMENT TO ACQUIRE CONTROLLING INTEREST IN NEWMONT’S FORMER ZEIBRIGHT MINE PROJECT

Gordon Lee, CEO of Trimax Corporation (Pink Sheets:TMXN) (“Trimax” or “Company”) is pleased to announce that effective April 18, 2010, the Company is granted a 90-day extension to its property option agreement to acquire a 70% interest in the mining claims collectively known as the ZEIBRIGHT MINE EXTENSION PROJECT, located in the Placer and Nevada counties, California.

Historically, Newmont produced over 100,000 ounces of gold from shallow underground operations until the 1950s. The Zeibright mineralized dike structures containing gold-bearing quartz veins range in width from 2.5 meters (8.5 feet) to over 9 meters (30 feet) are believed to be contiguous, are exposed on either side of the mountain and have been mined between 1867 and 1959, primarily by Newmont Mining Corp. Historic Newmont sampling over 385 meters (1,266 feet) of the #1 adit tunnel along a mean vein system width of 2.6 meters (8.5 feet) averaged almost 6 grams per tonne.

Gordon Lee, CEO of the Company, states: “Newmont blocked almost 3,000,000 ounces gold and an additional 7,000,000 ounces gold are inferred. We will aggressively follow Newmont’s strategy in the mine’s reopening process while completing a 43-101 compliant report as we rebuild the mill. This is probably the most exciting gold project in the US based on the ease of mining and ore grade consistency with an estimated cost per ounce of approximately $400.”

Trimax Corporation is a Nevada incorporated company having its principal offices in Las Vegas, Nevada. Trimax is engaged in business as an exploration stage mineral resource exploration and development company focused on gold, silver and lithium.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the Company’s business which are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Readers are directed to Trimax information as filed publicly from time to time for further information and factors that may affect Trimax business and results of operations. Trimax Corporation undertakes no obligations to publicly update any forward-looking statements to reflect future events or circumstances which differ from those forward-looking statements.

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