Trelawney Mining and Exploration Inc.
TSX VENTURE : TRR
FRANKFURT : RTW

Trelawney Mining and Exploration Inc.

November 16, 2010 08:08 ET

Trelawney Intersects 520.28 Metres of 1.44 g/t Gold at the Cote Lake Deposit

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2010) - Trelawney Mining and Exploration Inc. ("Trelawney" or the "Company") (TSX VENTURE:TRR)(FRANKFURT:RTW) announces additional drill results from the Cote Lake Deposit on the Chester Project located halfway between Timmins and Sudbury in northern Ontario. Highlights of the drilling program include:

  • Hole E10-32 – 47.50 metres of 1.02 g/t gold
  • Hole E10-33* – 520.28 metres of 1.44 g/t gold (0.92 g/t cut) including 1.70 metres of 199.80 g/t gold
  • Hole E10-35 – 12.00 metres of 8.00 g/t gold and 187.55 metres of 0.61 g/t gold 

A detailed table of results is included below.

* E10-33 intersected three wide intervals of porphyry-style mineralization separated by sections of weaker and scattered mineralization (see table below and section 94+00E).

Drilling continues to uncover wide zones of low to moderate grade gold +/- copper mineralization which are associated with brecciated intermediate to felsic, and locally mafic intrusive rocks. Mineralization occurs in the form of disseminated and fracture-controlled sulfides which generally correlate to the gold values. Visible gold is commonly observed. The zones are bleached with the prevalent alteration being feldspathic, chloritic and biotitic. Trelawney believes that the nature of the alteration and mineralization is indicative of a porphyry style of mineralization. The mineralization and alteration envelope associated with this system remains open in both directions along strike and to depth.

Greg Gibson, Trelawney's President and CEO commented, "We are pleased with the strength and size of the mineralized intervals that we continue to encounter within the Cote Lake Deposit. Intersections such as these reported today support our confidence in the exploration potential of 3.5 to 6 million ounces of gold for the Cote Lake Deposit as reported in our October 18, 2010 press release."

The exploration potential discussed in this press release is not a resource category. Investors are cautioned that the potential quantity and grade described as 'exploration potential' is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The expansion and exploration drill program continues with two rigs defining the extent of the Cote Lake deposit and a third rig exploring other targets on the 1,700 hectare (4,200 acre) Chester Property. A significant expansion of the drill program is contemplated for the winter of 2011 with the addition of two drills. This will enable Trelawney to explore the wetlands to the west and above previously reported drilling.

A drill plan and sections of the drill holes for which assays are reported will be available on Trelawney's website (www.trelawneymining.com) within the week.

Cote Lake Deposit Drilling Results:

Section Hole From To Length Gold (g/t) Au cut Grade Gold (oz/t)
(m) (m) (m) uncut cut to 50g/t* uncut
96+00E E10-32 22.00 26.88 4.88 1.83   0.05
    110.00 157.50 47.50 1.02   0.03
    185.00 256.00 71.00 0.29   0.01
  incl 195.00 196.89 1.89 1.09   0.03
  incl 232.00 233.00 1.00 4.33   0.13
  incl 255.00 256.00 1.00 1.24   0.04
94+00E E10-33 81.00 601.28 520.28 1.44 0.92 0.04
  incl 81.00 121.00 40.00 1.28   0.04
  incl 103.14 105.06 1.92 8.81   0.26
  and incl 186.95 380.45 193.50 2.82 1.42 0.08
  incl 209.38 211.10 1.72 199.80 43.28 5.83
  incl 271.00 272.00 1.00 52.14 50.00 1.52
  incl 308.22 309.17 0.95 49.00   1.43
  and incl 421.20 556.81 135.61 0.81   0.02
94+00E E10-34 3.60 4.36 0.76 1.96   0.06
24.00 24.81 0.81 6.16   0.18
32.82 33.45 0.63 1.06   0.03
46.09 46.83 0.74 1.56   0.05
48.86 49.62 0.76 1.96   0.06
96.82 97.54 0.72 6.59   0.19
218.80 219.76 0.96 1.81   0.05
243.79 244.43 0.64 3.64   0.11
262.59 263.36 0.77 3.65   0.11
331.16 331.79 0.63 7.61   0.22
356.23 358.86 2.63 1.41   0.04
399.00 399.60 0.60 1.98   0.06
409.81 416.73 6.92 2.06   0.06
423.00 423.90 0.90 2.30   0.07
95+00E E10-35 24.25 25.25 1.00 2.65   0.08
    47.80 48.30 0.50 14.30   0.42
    65.30 66.30 1.00 1.29   0.04
    75.30 76.30 1.00 1.51   0.04
    105.60 111.60 6.00 1.22   0.04
    127.60 128.60 1.00 1.41   0.04
    158.00 170.00 12.00 8.00 5.08 0.23
  incl 166.00 167.00 1.00 85.02 50.00 2.48
    241.00 243.00 2.00 2.74   0.08
    263.00 265.00 2.00 2.21   0.06
    329.70 517.25 187.55 0.61   0.02
  incl 416.30 442.00 25.70 1.42   0.04
    535.75 536.60 0.85 2.56   0.07
    580.80 581.80 1.00 1.50   0.04
    598.80 600.80 2.00 1.56   0.05
    605.80 606.80 1.00 1.21   0.04
94+00E E10-07 ext 238.00 239.00 1.00 3.00   0.09
    284.00 310.00 26.00 1.10   0.03
  incl 284.00 286.00 2.00 8.38   0.24
    329.60 330.50 0.90 5.62   0.16
    354.00 354.50 0.50 16.47   0.48
    477.00 477.50 0.50 1.60   0.05
    501.00 501.50 0.50 2.31   0.07
    527.00 528.00 1.00 1.22   0.04
    545.00 546.00 1.00 2.58   0.08
Notes True widths of intersections are unknown at this time Only intervals with assays cut to 50 g/t gold are shown Intervals are graded with a lower cut of 0.40 g/t with internal waste and low grade material within graded zones of up to 20 metres in length

Trelawney has implemented a Quality-Control, Quality Assurance program to ensure best practice principals are being applied in the sampling and analysis of the drill core. Samples are crushed to -8 mesh then a 1,000 gram subset of each sample is pulverized to 90% passing -150 mesh. Assays have been completed using a standard fire assay with a 30 gram aliquot and an AA finish. For samples that return values of between two to five grams per tonne gold, another pulp is taken and fire assayed with a gravimetric finish. Samples returning values greater than five grams per tonne are re-analyzed by pulp metallic analysis. NQ size drill core is saw cut, and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags to the Accurassay prep lab in Sudbury, Ontario by Trelawney personnel. Accurassay is an ISO/IEC 17025 certified Laboratory by the Standards Council of Canada. In addition to quality assurance controls at the laboratory, blanks and certified standards have been inserted into the sample stream at random intervals.

David Beilhartz, Vice President, Exploration for Trelawney Mining and Exploration, a Qualified Person under NI 43-101, has prepared or supervised the scientific or technical information for the property and verified the data disclosed in this press release.

Trelawney is a Canadian junior mining and exploration company with a strategic focus on "Quality Ounce" gold deposits. The Company's current focus is directed towards the development and continued exploration of its newly acquired Chester Project, located in Chester Township 20 kilometres southwest of Gogama, Ontario.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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