Trek Mining Discovers New Gold Zone East of Piaba Deposit
September 12 2017 - 7:30AM
Trek Mining Inc. (TSX-V:TREK) (“Trek Mining” or
“the Company”) is pleased to announce that exploration drilling at
the Company’s 100%-owned Aurizona Gold Mine (“Aurizona”) in Brazil
has intersected two new zones of significant gold mineralization at
the Genipapo target, east of the Piaba gold deposit.
Drilling highlights
include:
- 3.28 grams per tonne gold (“g/t Au”) over 4.0 metres
(“m”) in BRAZD545
- 1.89 g/t Au over 13.0 m including 5.57 g/t Au over 3.0
m in BRAZD546
- For a table of the Genipapo drill results, click here
- For a map showing the Genipapo target with drill holes and
highlight results to date, click here
- For a table showing the Company’s 2017 exploration drill holes
and highlight results to date, click here
The Genipapo target, located east and north of
the Piaba gold deposit, measures several square kilometres in area
and covers numerous northwest-southeast trending gold-in-soil
anomalies. Five diamond drill holes totalling 1,009 m were drilled
to test the target area. Drill hole BRAZD545 intersected
3.28 g/t Au over 4.0 m. Drill hole BRAZD546,
collared approximately 500 m south of BRAZD545, intersected
1.89 g/t Au over 13.0 m including 5.57 g/t Au over 3.0
m. The two drill holes, located approximately 1,000 m east
of the Piaba gold deposit reserve pit limit, tested the northern
and southern flanks of a large northwest trending gold-in-soil
anomaly measuring approximately 500 m by 1,000 m.
“Drilling in the Genipapo area was designed to
test new concepts derived from the integration of airborne
geophysics with our existing geoscience database,” said Scott
Heffernan, EVP Exploration of Trek Mining. “To have encountered
significant, new gold mineralization with this first test is very
encouraging and clearly demonstrates the value of continuing our
exploration efforts in the area.”
Trek Mining has recently commenced an aggressive
second phase of exploration drilling at Aurizona and now has five
diamond drill rigs working to complete an approximately 12,000 m
drill campaign. The focus of the current drill campaign includes
testing several high-potential near-mine targets, including
follow-up drilling at Genipapo, and additional infill drilling at
Piaba West to facilitate incorporation of Piaba West mineralization
into the Aurizona resource and reserve base.
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 July 2017
“Feasibility Study on the Aurizona Gold Mine Project” 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 expects to commence construction
in the second half of 2017 at 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’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 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.