Trek Mining Continues to Intersect Significant Gold Mineralization at Piaba West
June 27 2017 - 7:30AM
Trek Mining Inc. (TSX-V:TREK) (“Trek Mining” or
“the Company”) is pleased to announce that ongoing drilling
continues to intersect significant gold mineralization below the
shallow, westernmost reserve pit and beyond the current pit limit
along the western strike at the Company’s 100%-owned Aurizona Gold
Mine (“Aurizona”) in Brazil.
Further to the May 17, 2017 news release, an
additional 13 shallow step-out and infill drill holes totalling
1,486 metres from the exploration program at Piaba West have
encountered multiple broad intersections of gold mineralization
with grades typical of the Piaba gold deposit. In addition, drill
hole BRAZP587, which was collared just beyond the westernmost edge
of the existing Piaba pit, encountered two narrow, high-grade
intercepts that returned gold values of 19.65 grams per tonne gold
(“g/t Au”) over 1.0 metre (“m”) and 67.09 g/t Au over 5.0 m
including 329.00 g/t Au over 1.0 m.
Drilling highlights
include:
- 1.90 g/t Au over 25.0 m in BRAZD529
- 1.11 g/t Au over 11.0 m in BRAZD530
- 0.73 g/t Au over 19.0 m BRAZD531
- 1.64 g/t Au over 18.5 m including 3.69 g/t Au over 5.0
m in BRAZD532
- 1.53 g/t Au over 43.0 m including 6.05 g/t Au over 6.0
m BRAZP584
- 19.65 g/t Au over 1.0 m and 67.09 g/t Au over 5.0 m
including 329.00 g/t Au over 1.0 m BRAZP587
- 1.10 g/t Au over 11.0 m and 1.13 g/t Au over 19.0 m in
BRAZP590
- 1.21 g/t Au over 39.0 m BRAZP591
“Drilling in the western extension of the Piaba
gold deposit continues to intersect broad zones of ore-grade gold
mineralization on strike and to depth,” said Scott Heffernan, EVP
Exploration of Trek Mining. “These results further confirm the
potential for significant resource growth at Piaba.”
- For a complete table of the Company’s 2017 exploration drill
results to date, click here
- For a map showing the Company’s 2017 exploration drill holes
and highlight results to date, click here
- For an illustrative cross-section including specific recent
intercepts from the Company’s 2017 exploration drill results to
date, click here
Approximately 7,000 metres of drilling has been
completed at Piaba West this year. Additional drill results will be
released as assay results are received. This first pass program,
designed to extend mineralization to depth and on strike, is nearly
complete. A follow-up campaign focusing on any required infill
drilling is planned to start in late July and will be carried out
concurrent with a regional exploration campaign designed to test
several high-potential near-mine targets.
Current gold reserves at Aurizona are contained
primarily within the Piaba gold deposit which remains open along
strike and to depth. Piaba West is a potential 900-metre long
extension of the Piaba gold deposit and is the first of several
near-mine targets to be drilled as part of the Company’s planned
30,000-metre 2017 exploration program at Aurizona. Drilling to date
has successfully demonstrated that the Piaba gold deposit extends
along strike at least 300 metres to the west. Testing of the
additional 600 metres of westerly strike will commence upon receipt
and interpretation of a recently completed 38,000 line-km airborne
magnetic and radiometric survey.
On behalf of the Board of Trek Mining Inc.
“Christian Milau”
CEO & Director
About the Aurizona Gold
Mine
The current reserve and resource model for
Aurizona outlines a 6.5-year mine life based on reserves identified
in the Piaba and Boa Esperança pits. Gold mineralization is
structurally controlled by subvertical, strike-slip shear zones
occurring along significant lithological contact between
metavolcano-sedimentary units and intrusive rocks. Host rocks are
hydrothermally altered quartz diorite and plagioclase-quartz
diorite rocks. The mineralization style is disseminated stockwork
and vein-hosted sulphides and gold within a silicified shear zone.
Gold mineralization at Piaba West is hosted in a northern, hanging
wall sequence composed mainly of diorite and quartz diorite
intrusives with subordinate dacitic volcanics. Additional
information about Aurizona is available in the September 2016
“Pre-feasibility Study on Aurizona Mine Project, Maranhão, Brazil,
NI 43-101 Technical Report” that is available on the Company’s
website and on SEDAR at www.sedar.com.
About Trek Mining Inc.
Trek Mining is a Canadian mining company with a
portfolio of production, near-production and exploration-stage
projects in North and South America. The Company is producing gold
from its Koricancha Mill, a custom-built gold and silver ore
processing facility in Peru, and is completing a feasibility study
for its past-producing Aurizona Gold Mine in Brazil, with the
objective of pouring gold at Aurizona by the end of 2018. Trek
Mining’s exploration properties include both near-mine and district
exploration opportunities at Aurizona; the Warintza project, a
porphyry copper-molybdenum exploration project in Southeastern
Ecuador; the Ricardo project, a porphyry copper-molybdenum
exploration project in Chile; and Elk Gold, a past-producing
high-grade gold mine in British Columbia, Canada. Further
information about the Company’s business strategy and portfolio of
assets is available at www.trekmining.com or by email at
ir@trekmining.com.
Qualified Person and Disclosure
Statement
Scott Heffernan, M.Sc., P.Geo., the Company’s
EVP Exploration and Qualified Person under National Instrument
43-101, has reviewed and verified that the technical information
contained in this news release is accurate and approves the written
disclosure of the same. Drill composites were calculated using
cut-off values of 0.3 g/t, 1.0 g/t or 5.0 g/t gold as specified in
the drill table and contain no more than 3 metres of internal
waste. Drill intersections are calculated using uncut assays and
are reported as drilled thicknesses. True widths of the mineralized
intervals are interpreted to be 60 to 90 percent of the reported
lengths. All samples were submitted to ALS Chemex in Belo
Horizonte, Brazil for sample preparation. Sample pulps were then
sent to ALS Chemex in Lima, Peru for geochemical analysis for gold
by fire assay of a 30-gram charge with an Atomic Absorption finish
(AA) and for a 33 multi-element geochemical suite by 4-acid
digestion and Inductively-Coupled Mass Spectrometry (ICP-MS).
Samples with AA gold values over 10.0 g/t are re-assayed by Screen
Metallics fire assay. Control samples (accredited standards, blanks
and duplicate samples at the field and preparation stages) were
inserted on a regular basis. Results were monitored upon receipt of
assays.
Cautionary Notes
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as such term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This document contains certain forward-looking
information and forward-looking statements within the meaning of
applicable securities legislation (collectively “forward-looking
statements”). The use of the words “will”, “should”, “could”,
“expected”, “potential” and similar expressions are intended to
identify forward-looking statements. Forward-looking statements
contained in this press release include statements regarding
planned exploration activities and drill results at Aurizona, and
the anticipated restart of production at Aurizona. Although Trek
Mining believes that the expectations reflected in such
forward-looking statements and/or information are reasonable, undue
reliance should not be placed on forward-looking statements since
Trek Mining can give no assurance that such expectations will prove
to be correct. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements, including the risks, uncertainties and
other factors identified in Trek Mining’s periodic filings with
Canadian securities regulators, and assumptions made with regard
to: the anticipated results of exploration activities at Aurizona;
whether exploration activities will lead to an increase in Aurizona
resources and an extension of the Aurizona mine life; the
anticipated results of the feasibility study for Aurizona; the
anticipated Board of Directors decision to approve construction of
the Aurizona mine; the ability to raise the capital required to
fund construction and development of Aurizona; the ability to
restart production at Aurizona; and timing of the anticipated
restart of production. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news
release and Trek Mining does not undertake any obligations to
publicly update and/or revise any of the included forward-looking
statements, whether as a result of additional information, future
events and/or otherwise, except as may be required by applicable
securities laws.
Trek Mining Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@trekmining.com