What a nice new property. News Trijet acquires IOCG-rare earth property in QuebecTicker Symbol: C:TJTTrijet acquires IOCG-rare earth property in QuebecTrijet Mining Corp (C:TJT)Shares Issued 18,993,941Last Close 11/15/2011
.065Wednesday November 16 2011 - News ReleaseMr. Paul Shatzko reportsTRIJET ACQUIRES QUEBEC IOCG-RARE EARTH PROPERTYTrijet Mining Corp. has signed an option to acquire 56 mineral claims covering 3,028 hectares (7,479.16 acres) situated in close proximity to the Focus Metals-Soquem "Kwyjibo" project approximately 125 kilometres north by northeast of Sept-Iles, Que.The property, known as the Alphonse property, was acquired from Gemme Manicougan Inc., a private Quebec company. The Alphonse property is a collection of claim blocks surrounding and in close proximity to the Focus Metals-Soquem "Kwyjibo" project, where recent reanalysis of historical drilling has confirmed the presence of iron ore-copper-gold and rare earth minerals. The IOCG type mineralization is located within a 40 x 15 km area that includes the Alphonse property.Mineralization at Kwijibo is complex and multiphase and is divided into early granophile, magnetite, main polymetallic, and specular hematite stages. The main polymetallic mineralization, comprising chalcopyrite, pyrite, molybdenite, fluorite, and REE-bearing minerals, is superimposed on pre-existing magnetite-rich rocks. The Kwijibo deposit has a number of features in common with other polymetallic iron oxide deposits around the world, including granitic host rocks of within-plate affinity, various textural facies of iron oxide mineralization styles, and sodic and potassic alteration zones.To earn its option, the Company will issue 600,000 shares of the company, in stages, and expend $300,000 on the property; as well, a NSR of 1.5% is granted in favour of the vendor, of which 1% maybe repurchased at any time at the election of the Company for $1 million. An additional 200,000 shares will be issued to the Vendor subsequent to a positive bankable feasibility study being completed on the property. This transaction is subject to the approval of the TSX Venture Exchange.Michel Boily, Ph D, P. Geo. and a "Qualified Person" as that term is defined in National Instrument 43-10, has reviewed the technical aspects of this news release. For more information please call 604-669-4367.© 2011 Canjex Publishing Ltd.