Trio Gold Corp.

Trio Gold Corp.

February 09, 2010 14:30 ET

Trio Gold Corp. Announces the Signing of a US $5.5 Million Exploration Agreement

CALGARY, ALBERTA--(Marketwire - Feb. 9, 2010) - Trio Gold Corp. (TSX VENTURE:TGK) (PINK SHEETS:TROOF) ("Trio") has signed a USD $5,500,000.00 Exploration Agreement with a private United States Corporation to explore Trio's wholly owned Rodeo Creek property located at the north end of the world-class Carlin Gold Trend in northeastern Nevada. Drilling will commence on the property as soon as ground conditions permit.

Under the terms of the agreement a total of US $1,500,000.00 must be spent on the property in 2010, an additional $2,000,000.00 in 2011 and a further $2,000,000.00 in 2012 in order to earn a 75% interest in the Rodeo Creek property. As consideration, Trio has received a US $75,000.00 non-refundable cash deposit. Trio will also receive an additional cash payment of $100,000.00 in April 2011 and a further $150,000.00 in April 2012.

The Carlin Trend is the most prolific gold-producing area in North America, and hosts as many as thirty gold producing mines and development projects, on which more than 100 million ounces of gold production and inventory have been identified, including world class deposits such as the Goldstrike, Meikle and Carlin mines.

Rodeo Creek is located 1.5 kilometres northwest of Barrick's Storm deposit. The property exhibits geological and alteration features common to deposits on the Carlin Trend.

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

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
    (403) 262-9759 (FAX)
    Trio Gold Corp.
    Suite 145, 251 Midpark Blvd. S.E.
    Calgary, Alberta T2X-1S3