Trilliant Exploration Announces Assays Average 5.7% Copper at Copper Island Project
February 11 2013 - 7:21AM
Marketwired
Trilliant Exploration (OTCQB: TTXP) has received assay results from
the Pomeroy 2 North Zone at its Copper Island Project. Ten
selective rock samples from the Pomeroy 2 North Zone, assayed at
Acme Analytical Labs (Vancouver, BC), have averaged 5.7% copper and
24 g/t silver, up to 16.4% copper and 44 g/t silver. The samples
were taken across an open cut area of mined and exposed bedrock
50m. in length. The Pomeroy 2 North Zone is a known area of copper
mineralization, with past production by the Valdez Mining Co. and
drilling by Dodge Copper.
Jared Lazerson, CEO of Copper Island Mines Ltd, said, "This is a
positive step in confirming previous work and is consistent with
reports of chalcocite mineralization in both grade by percentage of
copper and direct correlation with silver. With 3.5m tonnes grading
2%, an equivalent In Situ value at today's prices of approximately
$500 million based on historical estimates.
At 5.7% copper on a per ton basis at today's copper prices, we are
looking at approximately $440 per ton processed which has the
potential of being very profitable," he added.
Copper Island Mines Ltd. is in the process of working with the
necessary personnel for the NT43-101 which will independently
verify the mineralization of high grade copper. The Project and its
rights and claims are located 15km NW of Campbell River, British
Columbia. Copper Island Mines Ltd. is the operator of a 3000
hectare property which is known for high grade chalcocite
mineralization. The area has been under regular development and
small scale production since 1915. The area contains one of the
highest densities of copper prospects in British Columbia and is
rated high for mineralization by the BCGS (British Columbia
Geographic System). Initial exploration on the Property was
conducted by Dodge Copper in 1954 when 145 percussion holes were
drilled outlining the Pomeroy areas. Exploration in the 1970s by
Prince Stewart Mines and Quadra Mining resulted in a historic
reserve estimate of 3.5 metric tons grading 2% copper. Exploration
in the 1990s resulted in a historical resource estimate from all
occurrences of 5.3Mt grading 1.98% copper, and is used for
historical reference purposes only.
The Company has accepted the resignation of William Lieberman as
President and appointed Eric Radtke as President effective
immediately to helm the next phase of Trilliant Exploration on the
road to 43101 and copper production. Mr. Radtke has had an
extensive career in international business and has worked
throughout Asia in countries such as China, Taiwan, Thailand and
Singapore. He has overseen sales, manufacturing and operations and
project management for Fortune 500 companies. Mr. William Lieberman
will continue his efforts in sourcing mineral and rare earth
projects globally for the benefit of the Company and for other
exploration endeavors.
About Trilliant Exploration (OTCQB: TTXP)
www.trilliant-exploration.com -- Trilliant Exploration is focused
on a variety of strategic mineral acquisitions including Copper and
well positioned to capture the next wave in mineral exploration,
Lithium and Rare Earth metals. Trilliant Exploration is a US based,
high growth mining company focused on adding value through
successful exploration, project development, efficient operations,
and opportunistic acquisitions. Maintaining a low risk profile
through project diversification, astute financial management and
operating in secure jurisdictions are key priorities for Trilliant
Exploration's Management team.
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: Mr. Mark Evans Phone: (212) 203-0310 Email:
info@trilliant-exploration.com Web:
www.trilliant-exploration.com
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