Detour West Gold Property Acquired by Tri Origin
Aurora, Ontario--(Newsfile Corp. - January 21, 2015) - Tri Origin Exploration Ltd. (TSXV: TOE) ("Tri Origin" or the "Company") is pleased to announce that it has acquired a new property strategically located 20 kilometres west of the Detour Lake Gold Mine and 180 kilometres north of Timmins, Ontario. It is interpreted by Tri Origin to be underlain by a previously unexplored extension of the Detour Lake Gold Mining District and, as such, represents a unique opportunity for the Company.
The Detour West property consists of 30 staked mining claims comprising 480 claim units covering an area of approximately 19,000 acres owned 100% by Tri Origin. The claims tie directly onto mining claims held by Detour Gold Corp. the operator of the nearby Detour Lake Mine which has a 15.5 million ounce gold reserve making it one of the largest gold reserves in Canada.
The Detour West area was researched by Tri Origin and the Company's work indicated that this large unexplored area is underlain by previously unrecognized extensions to rock units hosting the Detour Lake Mining District. Detour Lake is within the Abitibi Greenstone Belt, one of the world's most prolific metal-producing regions and the Detour West property acquired by Tri Origin is only 20 kilometres west and along trend of both the Detour Lake Mine and the new Lower Detour gold discovery recently announced by Detour Gold Corp.. Detour West covers interpreted extensions of the Sunday Lake, Massicotte and Lower Detour deformation zones which host the Detour Lake Mine, Lower Detour discovery and many other important gold occurrences extending east of Detour Lake for over 50 kilometres into Quebec. Existing geological maps show the area west of Detour as being underlain by granitic rock and not part of the greenstone belt however Tri Origin is confident in the results of its research and excited about the opportunity for making new discoveries in the area.
Recent success by Detour Gold Corp. at its Detour Lake Mine and the Lower Detour discovery have renewed interest in the area and a great deal of exploration work is being conducted east of Detour Lake in Quebec with successful new discoveries being made. The Ontario side of the belt has not seen this activity due to the dominant land position held by Detour Gold Corp. and, most importantly, due to the belief that rocks of the greenstone belt did not extend west of Detour's property.
Planning is underway to initiate exploration at the Detour West project. This newly recognized extension to the Detour Lake belt provides a unique opportunity for Tri Origin to capitalize on its strategy of identifying and acquiring overlooked but prospective, district-scale properties in well-mineralized mining areas and advancing these properties toward making new discoveries.
For information about Tri Origin, please visit www.triorigin.com or SEDAR www.sedar.com or contact:
Dr. Robert Valliant, President
Tri Origin Exploration Ltd.
Tel: (905) 727-1779
E-mail: invest@triorigin.com
Tri Origin Exploration Ltd. is publicly listed on the TSX Venture Exchange under the trading symbol TOE. Tri Origin is a leading Canadian exploration company with gold and base metal projects in Canada.
CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.