Trimax Corp. Announces Extension to Its Property Option Agreement to Acquire Controlling Interest in Newmont’s Former Zeibr...
April 07 2010 - 9:00AM
Business Wire
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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