(TheNewswire)
Aurora, Ontario – TheNewswire - April 21, 2021, Tri Origin ExplorationLtd. (TSXV:TOE) (OTC:TROIF) (“ Tri Origin ” or the “ Company ”) announces an update on the ongoingexploration efforts at its Sky Lake Project in the Pickle Lake miningCamp in northwestern, Ontario. The Company also announces Board ofDirector and Management appointments.
The planned Q1 2021 drill program was postponed due toCOVID-19 outbreaks in the nearby community and other limitationsimposed by COVID-19, which resulted in permitting delays. Drillingwill commence immediately upon approval of the permit application andwhen conditions allow for our team to safely execute the plan,expected in mid to late calendar Q2.
Tri Origin has contracted EDS Drilling Services tocomplete an initial 3,000 metre (m) diamond drill program primarilytargeting the historic Koval gold deposit at Sky Lake. The drillingprogram will be helicopter supported from Pickle Lake with a drillcamp located on the property. Drill targeting at Koval has beenplanned using a compilation of all information from the Sky Lakeproperty including extensive historic drilling at Koval. This firstphase of drilling is designed to confirm the historical deposit aswell as test nearby intersections of gold in iron formation reportedin historic records and geophysical targets identified by the Company.Additional induced polarization (IP) surveys and new property-scalemapping and sampling campaigns are planned over the summer.
“We are excited by the prospect of getting the drill onto Koval, forour first test of this compelling gold target” commented MarkSantarossa, President of Tri Origin. “This initial drill phase willbe used to confirm and refine our modelling of the identifiedmineralization. New IP information and mapping this summer combinedwith an already extensive geophysical and geochemical database for theproperty will provide for broader drill targeting as our workprogresses. We look forward to further drilling for this target laterin the year. In addition, we are excited to make the final steps inour corporate reconfiguration, bringing Tri Origin new strengths andretaining the valuable contributions of long-standing boardmembers.”
Board of Director and ManagementAppointments
Mr. Andrew Thomson, CEO of Tri Origin, and Mr. MarkSantarossa, President of Tri Origin, have been appointed to the Boardof Directors. Mr. Jerry Blackwell and Mr. Mark Petersen have steppeddown from the Board but will remain as advisors to the Company. TheCompany thanks Messrs. Blackwell and Petersen for their valuedcontributions and look forward to their continued efforts.
The Company has also appointed Mrs. Diana Mark asCorporate Secretary of Tri Origin. Ms. Mark is the President ofGreystone Corporate Services Inc, and has been providing corporategovernance, regulatory services and the facilitation of financings forpublic companies for over 30 years.
About Sky Lake
The Sky Lake Project is a 27-kilometre (km) long property that coversapproximately 12,800 hectares (ha) in the Red Lake – UchiSub-Province in northern Ontario, Canada. The property is located inthe Pickle Lake Gold Mining District, approximately 30 km southwest ofthe town of Pickle Lake, where over 4 million ounces of gold have beenproduced historically.
The majority of exploration work at Sky Lake was completed almost 60years ago at the Koval target by Pickle Crow & Hasaga GML,operators of nearby mines at Pickle Lake, defining a near-surface golddeposit from extensive shallow drilling over a 900 m strike lengthwithin an interpreted horizon of 1,600 m. Only a limited amount ofwork was conducted during the 1980s, all of which focused on Koval,providing an excellent opportunity for expansion. Past drilling (133holes) has delineated sub-vertical mineralization, which isinterpreted to extend in three parallel zones along regionalstratigraphy. The historical deposit is well tested to 100 m depthalong 600 m of strike and several holes have interceptedmineralization to 200 m below surface.
The Koval target is held under option by Tri Origin, whereby theCompany may earn a 96% interest in the patented claim group. Theremaining claims at Sky Lake are 100% owned by the company.
Technical Information
William McGuinty P. Geo. of OTD Exploration Services Inc., a QualifiedPerson as defined by National Instrument 43-101, has reviewed andapproved the contents of this news release.
About Tri Origin
Tri Origin Exploration Ltd. is a gold explorationcompany listed on the TSX Venture Exchange (TSX-V: TOE). The Company'sobjective is to increase shareholder value through the discovery ofnew economic ore deposits leveraging its broad experience inwell-known, past producing mining camps in Canada’s GreenstoneBelts. Tri Origin’s current focus is exploring on its flagship SkyLake Project in the past producing Pickle Lake Mining Camp and theNorth Abitibi project on the prolific Abitibi Greenstone Belt alongthe Casa Berardi Break in Ontario.
For more information about TriOrigin, please visit www.triorigin.com or SEDAR www.sedar.com orcontact:
Tri Origin Exploration Ltd.
Mark Santarossa
President
M: 416-371-1325
E: msantarossa@triorigin.com
Forward Looking Statements:
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. This News Release includes certain “forward-lookingstatements” which are not comprised of historical facts.Forward-looking statements include estimates and statements thatdescribe the Company’s future plans, objectives or goals, includingwords to the effect that the Company or management expects a statedcondition or result to occur. Forward-looking statements may beidentified by such terms as “believes”, “anticipates”,“expects”, “estimates”, “may”, “could”, “would”,“will”, or “plan”. Since forward-looking statements are basedon assumptions and address future events and conditions, by their verynature they involve inherent risks and uncertainties. Although thesestatements are based on information currently available to theCompany, the Company provides no assurance that actual results willmeet management’s expectations. Risks, uncertainties and otherfactors involved with forward-looking information could cause actualevents, results, performance, prospects and opportunities to differmaterially from those expressed or implied by such forward-lookinginformation. Forward looking information in thisnews release includes, but is not limited to, the intention tocomplete the foregoing, the Company’s objectives, goals or futureplans, statements, exploration results, potential mineralization, theestimation of mineral resources, exploration and mine developmentplans, timing of the commencement of operations and estimates ofmarket conditions. Factors that could cause actual results to differmaterially from such forward-looking information include, but are notlimited to, the Company’s ability to obtain all approvals requiredin connection with the foregoing, the Company’s ability to predictor counteract potential impact of COVID-19 coronavirus on factorsrelevant to the Company’s business failure to identify mineralresources, failure to convert estimated mineral resources to reserves,the inability to complete a feasibility study which recommends aproduction decision, the preliminary nature of metallurgical testresults, delays in obtaining or failures to obtain requiredgovernmental, environmental or other project approvals, politicalrisks, inability to fulfill the duty to accommodate First Nations andother indigenous peoples, uncertainties relating to the availabilityand costs of financing needed in the future, changes in equitymarkets, inflation, changes in exchange rates, fluctuations incommodity prices, delays in the development of projects, capital andoperating costs varying significantly from estimates and the otherrisks involved in the mineral exploration and development industry,and those risks set out in the Company’s public documents filed onSEDAR. Although the Company believes that the assumptions and factorsused in preparing the forward-looking information in this news releaseare reasonable, undue reliance should not be placed on suchinformation, which only applies as of the date of this news release,and no assurance can be given that such events will occur in thedisclosed time frames or at all. The Company disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.
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