FSC / Press Release
Drill Program Approved for Red Lake Extension Property
Markham, Ontario CANADA, October 25, 2012 /FSC/ - Tri Origin Exploration Ltd.
(TOE - TSX Venture),("Tri Origin" or "the Company") is pleased to announce that
a drilling program has been approved for immediate commencement at its
100%-owned Red Lake Extension ("RLX") property at Red Lake, Ontario.
RLX is subject to a 4 year, earn-in option agreement with Osisko Mining
Corporation ("Osisko"). As per the agreement, Osisko is funding a $600,000 first
year exploration program at RLX. The drill program comprises the final portion
of this commitment and was approved by Osisko following their review and
incorporation of their technical input. Tri Origin will operate the program and
is currently reviewing drill tenders and arranging logistical requirements of
the program. It is anticipated that drilling will commence early in November.
The program will consist of approximately 1,000 metres of drilling in 6
widely-spaced holes. Targets were selected based on results of a field program
completed in August of 2012 which consisted of detailed geological,
induced-polarization ("IP") geophysical and overburden geochemical sampling on a
cut grid at the northwest part of the property.
RLX is a gold exploration project covering an area of 121 square kilometres
located at the southeast part of the Red Lake Gold Mining District contiguous
with Goldcorp Inc.'s Red Lake Mine property. The highly prolific Red Lake
District hosts major operating and past-producing gold mines and has produced
over 20 million ounces of gold.
Results from work conducted to date at the RLX property have been promising and
Tri Origin has identified the extension of the Red Lake Mine structural trend
and important geological signatures in rocks at RLX which are similar to those
which host the important gold deposits at Red Lake. Prior to Tri Origin's work,
the RLX property was essentially unexplored for gold. Tri Origin is pleased to
have Osisko's input and expertise in this phase of its exploration programme.
For further information, please refer to the Company's website www.triorigin.com
or SEDAR www.sedar.com or contact:
Dr. Robert Valliant, President
Tri Origin Exploration Ltd.
Tel: (905) 727-1779
Tri Origin Exploration Ltd. is a leading Canadian exploration company with gold
and base metal projects in Canada. It is publicly listed on the TSX Venture
Exchange under the trading symbol TOE. Tri Origin has leveraged exposure to
mineral discoveries in Australia through its equity interest in TriAusMin
Limited which holds gold and base metal resource-based assets in New South
To view this press release as a webpage, please click on the following link:
Source: Tri Origin Exploration Ltd (TSX-V: TOE) http://www.triorigin.com
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-0- Oct/25/2012 19:21 GMT
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