Trio Gold Corp.

Trio Gold Corp.

August 26, 2010 18:41 ET

Trio Gold Corp.: News Release

CALGARY, ALBERTA--(Marketwire - Aug. 26, 2010) - Trio Gold Corp (Trio) (TSX VENTURE:TGK) (PINK SHEETS:TROOF) is pleased to announce that it has concluded its Phase I drill program at its Rodeo Creek property located on the prolific Carlin gold trend in Elko county, Nevada. A total of seven drill holes, totalling 11,749 ft, have been completed on the property. Four holes totalling 2,277 ft were drilled in the "Flower" target to probe two auriferous fault structures that are believed to have acted as conduits for "leakage" from a deep-seated gold source. Two holes, totalling 6,005 ft, were drilled in the "West" target, and one hole (3,467 ft) was drilled in the centre of the "Look" target. The last three holes targeted the Popovich Formation, currently host to 85% of the gold deposits found along the Carlin Trend.

Hole AMK10-03 targeted the Arturo fault system in the "Look" target area. The Arturo fault has long been recognized as an important structure at the Dee-Storm group of deposits located 1.5km southeast of the property. AMK10-03 encountered more than 1,100 ft of Popovich Fm, the basal 500 ft of which is variably silicified and decalcified, in common with the alteration types which typically accompany Carlin-type deposits. Results from AMK10-03 are pending.

At the "West" target, hole AMK10-01 was completed to a depth of 2,978 ft. Hole AMK10-02 reached a depth of 3,027 ft. Both holes encountered more than 800 ft of Popovich Fm. In AMK10-01, 90 ft of extremely sheared and graphitic Popovich mudstone was penetrated from 2,855 to 2,945 ft. This section averages 0.15 gm/T Au, which is highly anomalous for this area. It also contains strongly anomalous silver, arsenic and antimony, all of which are extremely important ore indicators elsewhere on the Carlin Trend. In AMK10-02, located 800 ft south of AMK10-01, the Popovich Fm includes a 460 ft thick section of highly silicified mudstone from a depth of 2,510 ft to 2,972 ft. A large fault zone intercepted immediately above the silicified section, averages 0.22 gm/T gold and more than 1033 ppm arsenic over more than 75 ft, suggestive of proximity to Carlin-type mineralization. After detailed review of both AMK10-01 and AMK10-02 management has determined that the next phase of drilling on the "West" target will consist of re-entering the AMK10-01 hole and wedging off in a west and southwest direction to test for proximity to higher grade mineralization. Phase II will also include reentering AMK10-02 and completing a series of wedges towards the north, west and southwest to test for proximity to higher grade mineralization.

In the Flower target area hole AMK-FZ-1 encountered a five foot section grading 0.55gm/T Au (0.016 oz/t) at 265 ft, and hole AMK-FZ-2 assayed 0.81gm/T Au (0.024 oz/t) over a 30 ft interval at 315 ft including 2.06 gm/T gold (0.06 oz/t) over five feet. Both of these intervals are in breccia on the Rodeo fault. Hole AMK-FZ-3 encountered an 85 ft interval, beginning at 315 ft, assaying 1.64 gm/T gold (0.05 oz/t) including a 20 ft section grading 4.22 gm/T (0.12 oz/t). This intercept is in fault-breccia within the Flower fault. The fourth hole, AMK-FZ-4 penetrated 150 ft of intense brecciation from 340 to 488 ft, including a 43 ft section grading 1.33 gm/T (0.04 oz/t) starting at 340 ft. This includes 14 ft section grading 2.37 gm/T (0.07 oz/t). The Flower fault is underlain by 50 ft of highly fractured siltstone to 540 ft. The entire 200 ft fault/fracture structure is strongly anomalous in arsenic, antimony and thallium, all of which are very closely linked to Carlin-type mineralization. The results obtained from the drill program in the Flower target solidify the theory that the gold mineralization in this area represents "leakage" from a deep-seated structure and that leakage was controlled by the Flower fault. The results have also expanded the area of known gold mineralization within the Flower Target and based on this data, it is possible that a viable shallow gold resource can be defined within the Flower target. A Phase II drilling program consisting of 10 to 12 shallow holes is now being developed to test this resource-potential within the Flower target with a strong focus on the downward projection of the Flower fault to identify the potential for a deep seated resource.

This release has been prepared by Philip van Angeren P.Geol., director of Trio Gold Corp., and a "qualified person" under National Instrument 43-101 guidelines.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky.

CUSIP #89669C-108, Exemption #82-2127

All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Trio Gold Corp.
    Mr. Harry Ruskowsky
    President & CEO
    (403) 262-9640
    Trio Gold Corp.
    Suite 145, 251 Midpark Blvd. S.E.
    Calgary, Alberta T2X-1S3
    (403) 262-9640
    (403) 262-9759 (FAX)