TORONTO, ONTARIO--(Marketwire - Feb. 8, 2011) - Trelawney Mining and Exploration Inc. (the "Company" or "Trelawney") (TSX VENTURE:TRR)(FRANKFURT:RTW)announces additional drill results from the Cote Lake Deposit on theChester Project located halfway between Timmins and Sudbury in northernOntario. Highlights of the current drilling include:
- Hole E10-44 – 192.40 metres of 1.09 g/t gold
- Hole E10-45 – 141.50 metres of 1.89 g/t gold
- Hole E10-46 – 388.00 metres of 0.90 g/t gold
- Hole E10-47 – 243.10 metres of 1.31 g/t gold
Expansion drilling of the Cote Lake Deposit continues tointersect wide zones of low to moderate grade gold mineralization. HoleE10-44 is an overcut of hole E10-41 on section 89+00E with drillingcontinuing to intersect the mineralization closer to surface. HolesE10-45 and E10-47 expand the mineralization on section 90+00E; themineralization on this section has now been intersected at a verticaldepth of 80 metres and remains open toward surface. The 390 metre-longintersection returned from hole E10-46 is an undercut of hole E10-26 onsection 93+00E; hole E10-46 ended in mineralization at a vertical depthof approximately 550 metres. Mineralization remains open at depth on allsections that have been drilled.
The Cote Lake Deposit consists of low to moderate grade gold+/- copper mineralization which is associated with brecciatedintermediate to felsic, and locally mafic intrusiverocks. Mineralization occurs in the form of disseminated andfracture-controlled sulfides which generally correlate to the goldvalues. Visible gold is commonly observed. The zones are bleached withthe prevalent alteration being feldspathic, chloritic and biotitic. Thenature of the alteration and mineralization is indicative of aporphyry-style deposit.
The expansion and exploration drill program has resumed withfive drills currently working on the Cote Lake Deposit and a sixth drillplanned to start shortly on the extension of the Chester 2 zone under asmall lake. The majority of the winter drilling will be on the wetlandssouthwest of the known mineralization. Work has commenced on theinitial resource estimate and will be finalized within the first half of2011.
Greg Gibson, Trelawney's President and CEO commented, "We arevery encouraged by the current results from our ongoing drill programon the Cote Lake Deposit. Drilling continues to intersect long intervalsof mineralization at depth and on strike towards the southwest. We lookforward to the initial resource estimation on the Cote Lake Depositeven as we continue to expand the known extent of the mineralization."
Cote Lake Deposit Drilling Results:
Trelawney Mining and Exploration has implemented aQuality-Control, Quality Assurance program to ensure best practiceprincipals are being applied in the sampling and analysis of the drillcore. Samples are crushed to -8 mesh then a 1,000 gram subset of eachsample is pulverized to 90% passing -150 mesh. Assays have beencompleted using a standard fire assay with a 30 gram aliquot and an AAfinish. For samples that return values of between two to five grams pertonne gold, another pulp is taken and fire assayed with a gravimetricfinish. Samples returning values greater than five grams per tonne arere-analyzed by pulp metallic analysis NQ size drill core is saw cut, andhalf the drill core is sampled in standard intervals. (Drill holeE10-47 is reported as fire assay only with gravimetric and pulp metallicassays pending) The remaining half of the core is stored in a securelocation. The drill core is transported in security-sealed bags to theAccurassay prep lab in Sudbury, Ontario by Trelawneypersonnel. Accurassay is an ISO/IEC 17025 certified Laboratory by theStandards Council of Canada. In addition to quality assurance controlsat the laboratory, blanks and certified standards have been insertedinto the sample stream at random intervals.
David Beilhartz, Vice President, Exploration for TrelawneyMining and Exploration, a Qualified Person under NI 43-101, has preparedor supervised the scientific or technical information for the propertyand verified the data disclosed in this press release.
Trelawney is a Canadian junior mining and exploration companywith a focus on Archean gold deposits. The Company's current focus isdirected towards the development and continued exploration of theChester Project, located in Chester Township 20 kilometres southwest ofGogama, Ontario.
This news release may contain forward-looking statementsincluding but not limited to comments regarding the timing and contentof upcoming work programs, geological interpretations, receipt ofproperty titles, potential mineral recovery processes,etc. Forward-looking statements address future events and conditions andtherefore, involve inherent risks and uncertainties. Actual results maydiffer materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.