Trek Mining Continues to Intersect Significant Gold Mineralization at Piaba West
July 25 2017 - 7:30AM
Trek Mining Inc. (TSX-V:TREK) (“Trek Mining” or
“the Company”) is pleased to announce positive results from an
additional 30 shallow step-out and infill drill holes totalling
3,761 metres (“m”) drilled below the shallow, westernmost Piaba
reserve pit and along strike at the Company’s 100%-owned Aurizona
Gold Mine (“Aurizona”) in Brazil.
Further to the May 17, 2017 and June 27, 2017
news releases, Piaba West drilling to date has successfully
intersected significant gold mineralization within, below and up to
350 m along strike of the Piaba gold deposit reserve pit, including
shallow and higher-grade mineralization along sections 1800W and
1850W as highlighted by 20 m grading 5.06 grams per tonne gold
(“g/t Au”) in hole BRAZP596.
Drilling highlights
include:
- 1.13 g/t Au over 44.5 m in BRAZD534
- 0.95 g/t Au over 21.8 m in BRAZD535
- 5.70 g/t Au over 8.7 m, 1.29 g/t Au over 21.0 m and
0.96 g/t Au over 11.0 m in BRAZD536
- 0.59 g/t Au over 21.2 m in BRAZD537
- 2.29 g/t Au over 5.1 m and 1.33 g/t Au over 25.3 m in
BRAZD538
- 1.07 g/t Au over 32.7 m in BRAZD539
- 3.63 g/t Au over 8.0 m in BRAZD540
- 1.50 g/t Au over 6.4 m and 1.38 g/t Au over 11.1 m in
BRAZD541
- 3.20 g/t Au over 12.2 m in BRAZD542
- 1.89 g/t Au over 6.2 m and 2.60 g/t Au over 4.0 m in
BRAZD543
- 0.79 g/t Au over 22.0 m and 1.43 g/t Au over 15.0 m in
BRAZP595
- 1.49 g/t Au over 5.0 m and 5.06 g/t Au over 20.0 m in
BRAZP596
- 2.16 g/t Au over 6.0 m in BRAZP599
- 1.88 g/t Au over 19.0 m in BRAZP603
- 4.95 g/t Au over 3.0 m and 3.32 g/t Au over 4.0 m in
BRAZP606
- 1.26 g/t Au over 17.0 m in BRAZP607
- 2.13 g/t Au over 6.0 m in BRAZP610
- For a table of the recent exploration drill results, click
here
- For a table showing all 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
Drill holes BRAZD542 and BRAZP610 were drilled
to follow up BRAZP575, a recent 300 m step-out hole that
intersected 3.90 g/t Au over 11.0 m. BRAZD542 was designed as a 50
m undercut of the mineralized zone and intersected 3.20 g/t Au over
12.2 m. BRAZP610 stepped out an additional 50 m along strike to the
west and intersected 2.30 g/t Au over 6.0 m, confirming that gold
mineralization extends at least 350 m along strike.
A total of 6,839 m has been drilled in 65 holes
at Piaba West this year. This first pass program, designed to
extend mineralization to depth and along strike, is now complete.
The Company is currently designing the next phase of drilling which
will include approximately 12,000 m split between additional infill
drilling at Piaba West to facilitate incorporation into Aurizona
resources and reserves, and the testing of several high-potential
near-mine targets.
Trek Mining’s exploration team is currently
mapping regional targets in advance of the next phase of drilling.
In addition, the team is interpreting data collected in the
airborne magnetic, radiometric and electromagnetic surveys flown
earlier this year by the Company’s greenfields exploration joint
venture partner, AngloGold Ashanti Holdings plc. (“AngloGold”).
AngloGold and Trek Mining will use the survey data to further
define exploration targets for their respective drill programs.
AngloGold commenced drilling in Q2-2017, with plans to drill 17,000
metres in 2017.
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 porphyry
copper-molybdenum exploration project in Southeastern Ecuador; the
Ricardo porphyry copper-molybdenum exploration project in Chile;
and Elk Gold, a past-producing high-grade gold mine in British
Columbia, Canada. Further information about Trek Mining’s business
strategy and portfolio of assets is available at
www.trekmining.com or by email at ir@trekmining.com.
Trek Mining Contacts
Christian Milau, Chief Executive OfficerRhylin
Bailie, Vice President Investor RelationsTel: +1 604-558-0560Email:
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” 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.