PRWeb The Leader Press Release Distribution
See How PRWeb Works

We're here to help 1-866-640-6397

Login Create Free Account


All Press Releases for May 31, 2003 Subscribe to this News Feed    
 

DRILLING BY TRI ORIGINS JOINT VENTURE PARTNER COMMENCES AT OVERFLOW PROPERTY, AUSTRALIA

Tri Origin Exploration Ltd. (TOE:TSX Venture Exchange) is pleased to announce that joint venture partner, Triako Resources Limited (Triako") has commenced drilling at the Overflow property. The Overflow property is 100%-owned by Tri Origin Australia N.L., an 89%-owned subsidiary of Tri Origin and is host to numerous gold and base metal occurrences situated 500 kilometres northwest of Sydney, New South Wales, Australia.

Tri Origin Exploration Ltd. (TOE:TSX Venture Exchange) is pleased to announce that joint venture partner, Triako Resources Limited (Triako") has commenced drilling at the Overflow property. The Overflow property is 100%-owned by Tri Origin Australia N.L., an 89%-owned subsidiary of Tri Origin and is host to numerous gold and base metal occurrences situated 500 kilometres northwest of Sydney, New South Wales, Australia.

Drilling will consist of approximately six holes totaling 1200 metres and will be conducted in the vicinity of the historic Overflow mine. The drill program is designed to test a gold discovery made last year during initial drilling programs (news releases dated June 17, 2002 and January 21, 2003 ). Last years drilling delineated the near-surface extent of gold mineralization in two separate zones; at the Booths" and Main" shaft areas. Results from these programs returned intersections up to 7.61 grams of gold and 36 grams of silver per tonne, 2.24% lead and 5.10% zinc over a 5 metre interval at Booths Shaft and 5.00 grams of gold and 16 grams of silver per tonne as well as 1.4% zinc and 1.0% lead over a 10 metre interval at the Main Shaft. The two zones are known to extend for 400 metres in length and remain open at depth and along strike. Results from the latest round of drilling will be reported as they are received.

Triako, which operates the nearby Mineral Hill gold/copper mine and treatment facility, has an option to earn a 70%-interest in the property by spending AUD$1.0 million on exploration or by delineating a commercially viable resource over the next 3 years.

OPTIONS
Printer Friendly Version
Email this story to a colleague
CONTACT INFORMATION
Robert Valliant
Tri Origin Exploration
905 294 9942
Email us Here
ATTACHED FILES

There are no multimedia files attached to this release. If this is your release, you may add images or other multimedia files through your PRWeb News Management Console.

ABOUT PRESS RELEASES
If you have any questions regarding information in these press releases please contact the company listed in the press release. Please do not contact PRWeb. We will be unable to assist you with your inquiry. PRWeb disclaims any content contained in these release. Our complete disclaimer appears here.