Trilliant Exploration Raises Additional Funds for Gold Mining Operations
October 15 2009 - 9:38AM
Marketwired
Trilliant Exploration Corp. (OTCBB: TTXP), a mineral exploration
corporation with gold mining concessions based in southern Ecuador
announced today that it has raised an investment of $210,000 USD
from its shareholder, Trafalgar Capital Specialized Investment
Fund.
"We are exceptionally pleased that Trafalgar has increased their
investment position in Trilliant Exploration," announced William
Lieberman, President of Trilliant Exploration Corp. The current
investment increases Trafalgar's stake in Trilliant to
approximately $1.8 million.
Trilliant Exploration is currently exploring new opportunities
in El Oro province and is continuing its upgrade of Muluncaygold
Corp S.A. The company currently processes rock at 50 tons per day.
Its concessions are located in the centre of the Portovelo-Zaruma
mining camp, which region has conservatively produced 4.5 million
ounces of gold since 1905.
About Trilliant Exploration Corporation
Trilliant Exploration Corporation is a mineral exploration and
development Company with its Administrative offices located in New
York and principle operating concessions in Southern Ecuador, South
America. The Company is engaged in gold mining and related
activities, including exploration and acquisition of gold-bearing
properties, the extraction and processing of ore, and reclamation
of mining properties.
The Company continues to explore new opportunities in El Oro
province, Southern Ecuador and is continuing its upgrade of
Muluncaygold Corp S.A., that is currently processing rock at 50
tons-per-day producing an average of 6 to 8 grams of gold per ton
from its concessions located in the center of the Portovelo-Zaruma
mining camp. The Portovelo-Zaruma region has conservatively
produced 4.5 million ounces of gold since 1905.
Trilliant Exploration's consolidated operations plan to reach
its goal of 750 tons-per-day within the next 18 months.
Forward-Looking Statements
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities and
Exchange Act of 1933, as amended, and Section 21E of the Securities
and Exchange Act of 1934, as amended, and such Forward-Looking
Statements are intended to be covered by the safe harbors created
thereby. Investors are cautioned that all forward-looking
statements involve risks and uncertainties.
All statements other than statements of historical fact in this
announcement are forward-looking statements, including but not
limited to the viability of the company's business plans, the
effect of acquisitions on our profitability, the effectiveness,
profitability, and the marketability of the Company's products; the
Company's ability to protect its proprietary information; general
economic and business conditions; the volatility of the company's
operating results and financial condition; and other risks detailed
in the Company's filings with the Securities and Exchange
Commission.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the company and the
industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or to changes in its expectations, except as may
be required by law. Although the company believes that the
expectations expressed in these forward-looking statements are
reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
Contact: Michael Elliott For: Trilliant Exploration Corp. Phone:
(212) 560-5195 Email: info@ttxp.biz Web: www.ttxp.biz
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