Trio Gold Corp.

Trio Gold Corp.

October 04, 2010 16:46 ET

Trio Gold Corp.: News Release

CALGARY, ALBERTA--(Marketwire - Oct. 4, 2010) - Trio (TSX VENTURE:TGK) (PINK SHEETS:TROOF) recaps phase one drill program completed on Rodeo Creek property located on the northern portion of the prolific Carlin gold belt in Nevada.

In the Flower zone a total of three reverse circulation and one core hole were drilled. All four holes encountered significant gold mineralization. In AMK-FZ-3 an 85ft interval between 315 ft and 400 ft assayed 1.64 gm/T gold (0.05 oz/t) including a 20ft section grading 4.22 gm/T (0.12oz/t). AMK-FZ-4 core hole intersected a 43ft section of mineralization at 340ft grading 1.33 gm/T (0.04oz /t) including 14ft of 2.37 gm/T (0.07 oz/t). AMK-FZ-2 assayed 0.81gm/T (0.024oz/t) over 30ft at 315 ft. AMK-FZ-1 graded 5ft of 0.55 gm/T (0.016 oz/t) over a 5ft interval starting at 265ft. The gold mineralization from this area is believed to be controlled by a deep-seated structure and that some of the gold migrated up the Flower fault to its present near-surface location. The drill program has set up additional high priority targets that, in management's opinion, could lead to a deep hole discovery. In addition, the potential exists for the definition of a shallow resource in this area.

Two holes were drilled along the west target area; AMK10-1 and AMK10-2. Hole AMK10-1 was drilled to a depth of 2978 ft and AMK10-2 was drilled to 3027 ft. The holes encountered more than 800 ft of Popovich formation, the predominant gold bearing formation along the Carlin Trend. Both holes encountered anomalous gold values ranging from 0.15 gm/T over 90ft to 0.22 gm/T over 75ft together with the all important ore indicators silver, arsenic and antimony. After reviewing the core and the assay results we believe that follow-up drilling is warranted in this area to test the potential extension of the highly mineralized and altered zones, which may include deepening AMK10-1 and wedging off both holes in a southwest direction. 

AMK10-3 hole targeted the Arturo fault system in the Look area in the south central part of the property. This hole reached a depth of 3467 ft and drilled more than 1300ft of Popovich formation, 500ft of which is variably silicified and decalcified including 50ft grading 0.17 gm/T gold. The drill results show a noticeable eastward progression to the gold mineralization and alteration. This strongly justifies additional drilling eastwards from AMK10-3.

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.

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)