Trelawney Resources Announces La Bufa Project Returns, High-Grade Copper-Silver Results, Chihuahua, Mexico
Trelawney Resources Inc. (TSX VENTURE: TRR) and West Timmins Mining Inc. (TSX: WTM) reported today that follow up sampling conducted across the newly discovered East Vein has confirmed the high-grade nature of this new discovery returning 2,710 g/t silver and 4.90% copper from a 30 cm channel sample cut across the core of the vein. The initial grab sample collected from the East Vein returned 1,470 g/t silver and 7.20% copper. Several additional veins and breccias were identified in close proximity to the East Vein which returned anomalous copper, silver and gold values.
The on-going program has also identified two additional vein systems located north-east of the historic Carmen Mine which returned 1.73% and 1.49% copper from 30cm and 60cm channel samples collected during the current exploration program. Historically recorded production from the Carmen Mine on the La Bufa Property was approximately 1,000,000 tonnes averaging 2.5% copper, 2.9 g/t gold and 2.8 g/t silver. Production was from a series of high-grade, vertically dipping veins. Rehabilitation of the main road access to the Carmen Mine has also been completed to facilitate mapping, sampling and drill target definition in the mine area. Assay results are pending from additional sampling of several mineralized systems within the project area.
“The identification of a number of new mineralized structures on the La Bufa Project is a very encouraging start to our exploration on the property” said Wayne O’Connor, President and CEO of Trelawney Resources. “The high grades associated with the East Vein provide us with a bonafide targets for drill testing this coming September.”
Trelawney can earn a 50% interest in the La Bufa Property by making staged cash and share payments of $310,000 and 1,500,000 shares to WTM and funding US $1 million in exploration expenditures over a five year period. WTM is the operator of the La Bufa Project.
The La Bufa project is located in the Three States Mineral District of south-western Chihuahua State, Mexico. The La Bufa project is road accessible and is located 75 kilometres east of West Timmins’ Montana de Oro Project, 25 kilometres east of Goldcorp’s El Sauzal Gold Mine and is adjacent to Mag Silver’s Batopilas silver project.
Quality Control and Assurance
Geochemical results reported herein are from chip, channel and grab samples collected from the Company’s La Bufa project. Sampling was conducted by trained personnel and all samples were sealed on site and then transported to ALS-Chemex’s preparation facilities in Hermosillo, Mexico by employees of consulting firm Minera Cascabel S.A. de C. V. on behalf of West Timmins Mining. Samples were assayed for gold by standard fire assay- ICP finish with a 30 gram charge. Samples additionally underwent 34 element ICP-MS analysis. Silver, zinc, copper and lead values in excess of 100 ppm, 1%, 1% and 1% respectively were re-analyzed by fire assay. Mr. Darin Wagner (M.Sc., P.Geo.), WTM’s President, has acted as non-independent qualified person for this news release. The qualified person has visited the project site, examined a number, but not all, of the reported occurrences and has verified that there were no significant discrepancies with respect to the quality control samples submitted for analysis along with the field samples.
Shares Issued: 88,652,688
Statements in this press release regarding the Company’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties, such as estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including “will”, “anticipates”, “expected to”, “plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks including those described in the Company’s information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.
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Contacts: Trelawney Resources Inc. Wayne J. O’Connor President and CEO (416) 361-2826 Email: wayne@trelawneyresources.com Website: www.trelawneyresources.com
SOURCE: Trelawney Resources Inc.
