GREY:CPLJF - Post by User
Post by
funmonon Jan 09, 2007 3:09pm
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Post# 11981395
Here's the Article
Here's the ArticleTri-Gold Resources Corp.
(TAL-TSXV)
Tri-Gold is an exploration company
with a big property position in northern
Ontario. The property is located
100 kilometers west of the Hemlo
district, which hosts three big gold
mines. Tri-Gold’s Big Duck Lake
property has considerable geological
similarities to the Hemlo district.
The area controlled by Tri-Gold has
been explored by a number of companies
over the past century, with each
program focused on a small area.
Much of that earlier work was directed
at base metals. From 1982 to
1993, a small gold company drilled
65 mostly shallow holes, some of
which returned highly encouraging
results, including 1.2 meters at 44.7
grams per tonne.
The present program represents the
first time that one company has initiated
a comprehensive exploration
program incorporating the earlier results
for the area.
A comprehensive exploration program
over the past couple of years,
using modern exploration approaches,
has produced some very
useful results. For example, the Tri-
Gold geologists have identified a major
geological structure that they believe
is directly related to the gold
mineralization. That achievement
brings a focus to the exploration program.
Tri-Gold has a strong management
and geological team, led by Clement
Baker, a geologist with considerable
experience in that type of geological
setting. The directors bring a great
deal of exploration and mining industry
experience and contacts.
The Big Duck Lake project is still at
an early stage. However, it is particularly
appealing as it is in a geological
environment permissive of hosting
large deposits and the results to date
support the exploration potential.
I expect to see the Tri-Gold share
price begin to move in the near term
as the company gains greater investor
awareness. Over the coming weeks,
as they head into the summer exploration
program, investors should
really began to sit up and take notice.
Favorable exploration results in this
setting could have a big impact on the
value of the company.
Price January 31, 2006: C$0.135
Shares Outstanding: 14.6 million
Shares Fully Diluted: 22.4 million
Market Cap: C$2 million
Contact: Investor Relations
604-683-3331
www.trigoldresources.com