Trelawney Mining and Exploration Inc TWNNF

RE: Re: Buyout

[gamblor77]

TRR is constructing their own mill later this year (as per the NR this morning). I remember seeing that they they planned to mill up 30k oz initially and ramp up to +60k oz/year following.

So like I said before, that's quite the bold statement to make so  they obviously have the ounces. I would guess somewhere in the neighbourhood of 2-4 million oz to date (which the 43-101 next month should reflect and increasing to 5-7m oz as they continue to drill).

Either way here is an excerpt from this morning's NR:

"Bulk sampling on the 475 level and development work on the 500 levelwill begin in early February. To date, all historical reports are beingconfirmed. Assays of muck samples from the underground bulk samplingare encouraging and are matching or exceeding historical reports.

Theinitial bulk sample has been hauled to SMC Canada in Cobalt, Ontario,where it will be processed at a rate of 250 tons per day. The Companyhas undertaken plans to construct its own on-site milling facility laterthis year"


Cheers.
Gamblor.