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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 |
The favorable geology consists of Granodiorite, which covers a larger portion of the Raquel 2 claim. The Granodiorite is the main source of epithermal gold, silver zinc and copper mineralization. Structures are in close proximity or part of the NW- SE Mojave Sonora Mega-Shear. Major shears and faults are crisscrossing the property. The most important shear directions are trending NW-SE and SSW to NNE. These well defined shears and faults zones act as mineral feeder systems as well as ore traps (see map below).
The Magnetic structures trend in WNW to ESE, NW to SE and E-W directions. The gold silver NWSE trend do not show up on the MAG. The WSW - ENE zinc and gold silver trend do show on the MAG survey as a broad MAG Zone. The E-W direction is more and is evident at the Frontera Piedras Verdras Copper Mine towards the South.
Grab samples confirm the possibility of high grade ore bodies. These samples have been taken by a San Bernardo geologist and Assays processes by IPL International Plasma Labs.
Copper Mountain South Flank of Tetasoari: Au equals 1.30g/mt Ag equals 174.5g/mt Cu equals 9.51% Au equals 1.07g/mt Ag equals 18 g/mt Cu equals 1.06% Au equals .21g/mt Ag equals 35g/mt Cu equals 13.28% Total Average: Au equals .86g/mt Ag equals 75.80g/mt Cu equals 7.5% Each of the samples average 2 meters in width. West Flank of Tetasoari: Au equals 6.10g/mt Ag equals 54.7g/mt Cu equals .82% Pb equals .04% Zn equals 2.25% Total average 4m in width. North Flank of Tetasoari: Sample 1: Au equals .77g/mt Ag equals 118.2g/mt Cu equals 3.93% Pb equals .02% Zn equals .12% Sample 2: Au equals .41g/mt Ag equals 28.0g/mt Cu equals .97% Pb equals .01% Total Average: Au equals .59g/mt Ag equals 73.1g/mt Cu equals 2.45% Zn equals 1.05% Total average 4m in width. 4km South of Cerro Isidro: Elevation: 750 meters. Pick sample in front of a caved in adit (tunnel) returned significant value of gold, silver, lead, zinc Au equals 1.52g/mt Ag equals 1051.2g/mt Cu equals .28% Pb equals 5.29% An equals 9.77% Sample 2: Au equals 1.27g/mt Ag equals 985.8g/mt Cu equals 1.4% Pb equals 4.5% Sn equals 2.86%
To view a map of Trimax's Five New Mexican claims in Sonora State, please click on the following link: http://media3.marketwire.com/docs/tmxn429.pdf.
Trimax intends to continue immediately with its sampling and assay testing in specific high grade areas over the five properties. A competent geological team will be contracted in May to proceed with a full program to complete an upgraded assessment. The Company is in final negotiations to complete funding for this undertaking and will devote the bulk of these funds to this updated geological report. A grid map with full ground and aerial magnetometer survey will be completed in the same program. It is anticipated that these results will be completed by the end of the summer season. This will prepare the company for a full drilling program in the autumn to complete the underground investigation of the ore body. Results from that project will be completed by the end of the year.
Trimax is setting up its new Headquarters in Scottsdale Arizona. A regional office will be established at the mineral zone near Alamos, Mexico. Both offices will be operational by the end of May.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Trimax Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts: Trimax Corporation Robert Stewart Chief Executive Officer (310) 739-1275 rstewart@trimaxcorp.net www.trimaxcorp.net
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