Trio Resources, Inc. Experiences Increase in Activity Showing Strong Upturn and Rally After Punishing Winter
TORONTO, ONTARIO--(Marketwired - Jul 24, 2014) - Trio Resources Inc. ("Trio" or the "Company") (OTCBB:TRII) announces significant progress in the implementation of its 100T/day Ball Mill, and in the development of crushed high-grade mineralized material to be milled.
The record-breaking winter weather of 2013/14 forced several delays to the Company's operating plans. We are pleased to announce that we have been able to overcome prior obstacles, and regain momentum in the execution of our business plan. With the implementation of our new milling facility drawing near, the Company plans to capitalize on high-grade mineralized material crushed via the Resource Valuation program led by Golder Associates.
The Company would further like to announce that it has received private placements, which are viewable under Form D of the Company's SEC filings. We are encouraged that these positive events will situate Trio in a capacity to excel across a number of potential future projects and initiatives.
"The escalation and progress of a number of key projects are essential to positioning Trio to propel itself forward," stated Duncan Reid, CEO of Trio Resources Inc. "We have made it through our toughest winter, and have hit the ground running on a number of fronts. We are all very galvanized and excited to behold what we can accomplish in the coming months."
About Trio Resources, Inc.
Trio Resources Inc. is an exploration and small-scale processing company which plans to focus on the exploration and milling of mineralized materials located in historically prolific regions. Trio is organized to hold assets in the mining industry, targeting older mining camps with residual value. Trio's intention is to conduct an exploration program, in conjunction with milling initiatives to monetize its existing above-ground mineralized material on-site, with the purpose of being cash-flow positive primarily through milling and marketing mineralized material and concentrate to refiners. For more information, please visit http://www.trioresources.com/.
Cautionary Note Regarding Forward-Looking Statements:
Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to, those with respect to potential expansion of mineralization, potential size of mineralized stockpiles, and size and timing of exploration and development programs, estimated project capital and other project costs and the timing of submission and receipt and availability of regulatory approvals involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Trio to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the factors described in our Report on Form 8-K/A filed with the SEC on March 15, 2013, including the section captioned "Risk Factors" therein. Given these uncertainties, you should not place undue reliance on these forward-looking statements. The forward-looking statements set forth herein reflect our estimates and assumptions only as of the date of this press release and are subject to change after such date. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.