Trio Gold Corp.
PINK SHEETS : TROOF
TSX VENTURE : TGK

Trio Gold Corp.

July 06, 2010 13:53 ET

Trio Gold Corp.: News Release

CALGARY, ALBERTA--(Marketwire - July 6, 2010) - Trio Gold Corp. (TSX VENTURE:TGK) (PINK SHEETS:TROOF) announces assay results from three of the four shallow exploratory holes drilled in the Flower Zone area of the Rodeo Creek property. Reverse circulation (RC) hole AMK FZ-03 encountered an 85 ft. intercept at 315 ft. assaying 1.64 gm/T gold (.048 oz/t) including a 20 ft section grading 4.22 gm/T (0.12 oz/t) in fault-breccia on the Flower fault. Hole AMK FZ-01 encountered a five foot section grading 0.55gm/T Au (0.016oz/t) at 265 ft, and hole AMK FZ-02 assayed 0.81gm/T Au (0.024 oz/t) over a 30 ft interval at 315 ft including 2.06gm/T gold (0.06 oz./t) over five feet. Both of these holes are in breccia on the Rodeo fault. A fourth hole, AMK FZ-4 has been cored into the Flower fault; assay results are pending. The drill program conducted on the Flower Zone solidifies the theory that the gold mineralization is controlled by the Flower fault, and that mineralization represents "leakage" from a deep seated structure located along the Flower fault. Deep drilling on this high-priority target will therefore focus along the NE-trending Flower fault structure.

Other areas of activity on the Rodeo Creek property are the West and Look targets. See Trio's website at www.triogold.com for location details. At the northernmost "West" target, hole AMK10-01 has been completed to a depth of 2975 ft. Assays are pending. In the central part of the "West" target, hole AMK10-02 is currently being cored, and is expected to reach its projected depth of 3000ft later this month. Hole AMK10-03, in the central part of the Look target, is in the RC drilling phase. This hole is also projected to a depth of 3000 ft.

Trio Gold Corp has completed the first tranche of its non brokered private placement announced on May 11, 2010. The company will issue, subject to final approval by the TSX Venture Exchange, 2,128,667 units for gross proceeds of $319,300.00. Each unit, at a price of $0.15, consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the company at a price of $0.20 until July 6, 2011. The shares issued pursuant to this placement are subject to a hold period until November 7, 2010.

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
    or
    Trio Gold Corp.
    Suite 145, 251 Midpark Blvd. S.E.
    Calgary, Alberta T2X-1S3
    (403) 262-9640
    (403) 262-9759 (FAX)
    trio@triogold.com
    www.triogold.com