sample 2,710 g/t Ag at East
Trelawney, West Timmins sample 2,710 g/t Ag at East
2008-06-04 08:29 ET - News Release
Mr. Wayne O'Connor of Trelawney reports
TRELAWNEY RESOURCES ANNOUNCES LA BUFA PROJECT RETURNS, HIGH-GRADE COPPER-SILVER RESULTS, CHIHUAHUA, MEXICO
Trelawney Resources Inc. and West Timmins Mining Inc.'s follow-up sampling conducted across the newly discovered East vein has confirmed the high-grade nature of this new discovery returning 2,710 grams per tonne (g/t) silver and 4.90 per cent copper from a 30-centimetre channel sample cut across the core of the vein. The initial grab sample collected from the East vein returned 1,470 g/t silver and 7.20 per cent copper. Several additional veins and breccias were identified in close proximity to the East vein which returned anomalous copper, silver and gold values.
The continuing program has also identified two additional vein systems located northeast of the historic Carmen mine which returned 1.73 per cent and 1.49 per cent copper from 30 cm and 60 cm channel samples collected during the current exploration program. Historically recorded production from the Carmen mine on the La Bufa property was approximately one million tonnes averaging 2.5 per cent copper, 2.9 g/t gold and 2.8 g/t silver. Production was from a series of high-grade, vertically dipping veins. Rehabilitation of the main road access to the Carmen mine has also been completed to facilitate mapping, sampling and drill target definition in the mine area. Assay results are pending from additional sampling of several mineralized systems within the project area.
"The identification of a number of new mineralized structures on the La Bufa project is a very encouraging start to our exploration on the property," said Wayne O'Connor, president and chief executive officer of Trelawney Resources. "The high grades associated with the East vein provide us with bona fide targets for drill testing this coming September."
Trelawney can earn a 50-per-cent interest in the La Bufa property by making staged cash and share payments of $310,000 and 1.5 million shares to WTM and financing $1-million (U.S.) in exploration expenditures over a five-year period. WTM is the operator of the La Bufa project.
The La Bufa project is located in the Three States mineral district of southwestern Chihuahua state, Mexico. The La Bufa project is road accessible and is located 75 kilometres east of West Timmins' Montana de Oro project, 25 kilometres east of Goldcorp's El Sauzal gold mine and is adjacent to Mag Silver's Batopilas silver project.
Quality control and assurance
Geochemical results reported herein are from chip, channel and grab samples collected from the company's La Bufa project. Sampling was conducted by trained personnel and all samples were sealed on site and then transported to ALS Chemex's preparation facilities in Hermosillo, Mexico, by employees of consulting firm Minera Cascabel SA de CV on behalf of West Timmins Mining. Samples were assayed for gold by standard fire assay-ICP finish with a 30-gram charge. Samples additionally underwent 34-element ICP-MS analysis. Silver, zinc, copper and lead values in excess of 100 parts per million (ppm), 1 per cent, 1 per cent and 1 per cent respectively were reanalyzed by fire assay. Darin Wagner (MSc, PGeo), WTM's president, has acted as non-independent qualified person for this news release. The qualified person has visited the project site, examined a number, but not all, of the reported occurrences and has verified that there were no significant discrepancies with respect to the quality control samples submitted for analysis along with the field samples.