Post by
edmartens on Nov 07, 2006 4:07pm
TAL drilling underway
Here it is:
Tue Nov 7, 2006
TRI-GOLD RESOURCES CORP. ANNOUNCES DIAMOND DRILL PROGRAM
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NEWS RELEASE November 7, 2006
Tri-Gold Resources Corp. (TSX.V:TAL) is pleased to announce the commencement of the diamond drilling program, effective November 2, 2006, on its 100% owned Big Duck Lake property in Northern Ontario. The drill program is being conducted by Boart Longyear, one of Canada's largest and most experienced drill contractors and is under the supervision of Equity Exploration Services of Vancouver.
The Big Duck Lake property comprises 2900 Hectares, has had numerous exploration programs over the last 50 years by such major mining companies as Falconbridge, Inmet and Battle Mountain, (now Newmont) resulting in over one hundred diamond drill holes recording more than 40 gold occurrences.
To date, a central shear zone extending over 5 kilometers from west to east through the claim block has been found to host mineral combinations of molybdenum, copper, barite and seracite, analogous to the mineralogy found at the famous Hemlo gold deposit, 100 km from Big Duck Lake which over a 25 year period produced 22 million oz of gold with a value exceeding 15 billion dollars. In addition, the 2006 summer work program confirmed orientation changes, or inflexions, along this shear zone, giving further promise of a Hemlo style deposit.
Assay results will be released as and when they become available.
Yours truly,
T. Barry Coughlan,
Executive Chairman
For further information please contact Haroon Khan, Corporate Communications
cell: (604) 720-8054 email: info@trigoldresources.com Web: www.trigoldresources.com