Trillium Acquires Land Adjacent to Pickle Crow Gold Mine
March 25 2008 - 8:35AM
Marketwired
TORONTO, ONTARIO (TSX VENTURE: TNM) is pleased to announce that
it has secured a land position adjacent to, and on strike from the
former producing Pickle Crow Gold Mine in the Pickle Lake
greenstone belt in northwestern Ontario. Following Premier Gold
Mine's announcement dated November 5th, 2007 stating that Premier
had signed an agreement to sell its interest in the Pickle Crow
Gold Mine to a private company, PC Gold Inc. ("PC Gold"), Trillium
initiated a review of the belt and has staked approximately 4500
hectares.
From the press release referenced above, PC Gold intends to
raise financing and implement a major program of exploration and
development on the Project, with the intent of returning the
past-producing Pickle Crow Gold Mine to production, and to
eventually complete a transaction to become a public issuer.
The past-producing Pickle Crow Gold Mine produced 1.47 million
ounces of gold between 1935 and 1966, and closed in a low gold
price ($35/oz) environment. The Pickle Crow Gold Mine is found
within the Uchi geological subprovince, the same belt of rocks in
which the mines at Red Lake, Ontario are found.
Trillium believes this area is under explored and contains the
potential for the discovery of extensions to the gold
mineralization hosted at the Pickle Crow Mine. Trillium has
initiated an extensive review of all available data for the area in
preparation for future exploration programs.
Michael Thompson, P.Geo, a qualified person under National
Instrument 43-101, has approved the technical content of this news
release and will supervise the exploration on the project.
Elliot Strashin, CEO, is quoted, "With this acquisition Trillium
solidifies its position in the Pickle Lake Gold Camp adjacent to,
and along strike of, two former gold producers."
Information on this and all our projects can be viewed on our
website at www.trilliumnorth.com.
This news release contains forward-looking statements within the
meaning of the "safe harbour" provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties and other factors that may cause
Trillium North Minerals Ltd.'s results to differ materially from
expectations. These include risks relating to market fluctuations,
property performance and other risks. These forward-looking
statements speak only as of the date hereof. Trillium North
Minerals Ltd. disclaims any intent or obligation to update these
forward-looking statements.
On behalf of the board of directors
Dr. Elliot Strashin, President
Investors are invited to visit the Trillium North Minerals IR
Hub at AGORACOM: http://www.agoracom.com/ir/Trilliumnorth where
they can post questions and receive answers or review questions
& answers already posted by other investors. Alternatively,
investors are able to e-mail all questions and correspondence to:
TNM@agoracom.com where they can also request to be added to the
investor e-mail list to receive all future press releases and
updates in real time.
The TSX Venture Exchange does not take responsibility for the
adequacy or accuracy of this release.
Contacts: Trillium North Minerals Ltd. Elliot Strashin President
(416) 504-0077 (416) 504-6019 (FAX) Website:
www.trilliumnorth.com
White Metal Resources Corporation (TSXV:TNM)
Historical Stock Chart
From Jun 2024 to Jul 2024
White Metal Resources Corporation (TSXV:TNM)
Historical Stock Chart
From Jul 2023 to Jul 2024