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Bullboard - Stock Discussion Forum Trijet Mining Corp V.TJT

TSXV:TJT - Post Discussion

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Post by brodan on Oct 21, 2010 9:17am

NEWS

Trijet Mining expands Letourneur, plans phase 2 program
Ticker Symbol: C:TJT

Trijet Mining expands Letourneur, plans phase 2 program

Trijet Mining Corp(C:TJT)
Shares Issued 13,598,941
Last Close10/20/2010
.15
Thursday October 21 2010 - News Release

Mr. Paul Shatzko reports

TRIJET MINING EXPANDS THE SIZE OF LETOURNEUR PROPERTY TO COVER NEW TARGET AREAS

Trijet Mining Corp. has expanded its Letourneur gold project to morethan twice the initial size to cover new gold and base metals targets.

The Letourneur project is located in the Abitibi region of southwesternQuebec, 41 kilometres north of Rouyn-Noranda, in the regionalmunicipality of Taschereau, and approximately 17 kilometres (10 miles)north of the Fayolle property of Exploration Typhon, which has recentlyencountered 112.5 grams per tonne (g/t) gold over six metres. TrijetMining has completed 15 drill holes for a total of 2190 metresencountering gold mineralization in 10 out of 15 drill holes including16 metres of 1.33g/t Au (with 4.2 m of 4.7g/t Au near surface).

Trijet has secured the areas adjacent to the Letourneur drill target inall directions for a total of 42 new mineral claims coveringapproximately 1775.4 hectares (17.75 square kilometres), accordingly,the total area of the property after the recent staking will become 2900hectares (29 square kilometres).

The property was extended to the north to cover an east-west trendingregional structure known as the Macamic Fault (this structure is knownto host several gold showings and prospects with possible reserveslocated north-east of the property) as well as to the west to cover goldmineralization known as the Laferte prospect. The Laferte gold prospectwas discovered in 1992, it is a mineralized body located approximately2.5 kilometres northwest of the Letourneur gold target area. Themineralization consists of pyrite altered rhyolite in contact with aunit of rhyolite porphyry intrusive rocks. There is also stock-workmineralized quartz veins located north of the general area of theLaferte prospect. Another network of mineralized quartz veinsdisseminated with pyrite was located an approximately 200 metresdirectly north and along strike with the Laferete prospect. Previoussampling of the Laferte prospect returned 4.5 g/t Au. (These gold valuesare for information purposes, there is no 43-101 compliant report onthe Letourneur property.)

The property was extended to the northwest to cover a massive tosemi-massive sulphide mineralized body known as Lois River east locatedapproximately 4.8 kilometres northwest of Letorneur gold target area.Mineralization consists mainly of pyrite, chalcopyrite and malachitealong the cleavage plans of sheared and strongly altered rhyolitebreccias.

Company geologist, Dr. Michel Boily has outlined a 30 drill-hole, PhaseII work program for the Letourneur project. With access to the propertyavailable year round, work is anticipated to commence in November.

? 2010 Canjex Publishing Ltd.

Comment by desertmule on Oct 21, 2010 2:47pm
Obviously there's not much of a following here...BUT...for the astute investor who does his/her due diligence you will see this company needs more cash for their 2nd phase drilling...that means a financing...I would think and hope at higher prices...this will give it more exposure....at these levels it could be a good bet....I am just an investor..in at $.13 .....good luck!Another good one ...more  
Comment by desertmule on Dec 07, 2010 1:08pm
No brainer here, new company, not much stock out..can drill year round.  Discovered a showing, need more drilling...gold strong.   Take a look at the depth....some very big bids and only 33000 offered then nothing.  I'd say a financing coming from cannaccord but just a guess...interesting!