FSC / Press Release
Tri Origin Commences Drilling Program at Red Lake Extension Property
Aurora, Ontario CANADA, November 08, 2012 /FSC/ - Tri Origin Exploration Ltd.
(TOE - TSX Venture), ("Tri Origin" or the "Company") is pleased to announce that
a diamond drilling program has commenced at the Red Lake Extension ("RLX")
property at Red Lake, Ontario.
Field crews are on site and diamond drilling will consist of 6 widely-spaced
holes totalling approximately 1,000 metres within the northwest part of the
property. The area is largely overburden covered and consequently, targets were
selected based on the review and prioritization of results from a detailed
induced-polarization ("IP") geophysical and overburden geochemical sampling
program recently completed by Tri Origin.
RLX is subject to a 4 year, earn-in option agreement with Osisko Mining
Corporation ("Osisko") which may earn a 51% interest in RLX by fully funding a
total of $5 million of exploration over a four year period. The drill program
comprises the final portion of the $600,000 first year exploration expenditure
commitment agreed to by Osisko. Tri Origin is managing the program under the
guidance of a management committee comprised of representatives from both
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.
Work conducted to date at the RLX property 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.
Drill results will be released upon program completion and technical review.
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 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. 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 web page, click onto the link below:
Source: Tri Origin Exploration Ltd (TSX-V: TOE) http://www.triorigin.com
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-0- Nov/08/2012 20:15 GMT
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