TRELAWNEY COMMENCES 20,000 METRE DRILLING PROGRAM
December 7, 2006 - Toronto, Ontario - Trelawney Resources Inc. (TRR-TSXV) is pleased to announce that winter drill camps have now been installed and a 20,000 metre drilling program will commence this week on the Company’s Mishi project located 50 kilometres northwest of Wawa, Ontario and 80 kilometres southeast of the Hemlo mining camp. The purpose of the drilling program is to provide sufficient drill information to outline an (NI 43–101 compliant) inferred mineral resource for the Dorset Zone, to further evaluate its open pit potential and to drill the zone to depth.
The initial drilling campaign conducted this fall was designed to test the down plunge, on strike potential of the Dorset Zone (MetalCORP option MTC-TSXV) that returned intercepts grading up to 3.74 g/t Au over 22 metres. A detailed structural study carried out on the property for Battle Mountain Canada Ltd. concluded that ”the Dorset Zone is a primary, hydrothermal, stratiform, gold system with a minimum strike length of 1 kilometre which exhibits potential for significant areal extent” (Chris Beaumont – Smith, 1998). Airborne geophysical work suggests the Dorset Zone may have a potential strike length of about 6 kilometres.
The best assay results from the fall drilling program on the property were received from the eastern portion of the Dorset Gold Zone. Drill hole MC-06-51 assayed as high as 9.21 g/t gold (0.27 ounces per ton) over a 3.0 metre interval (9.84 feet) within a wider zone of gold mineralization that assayed 3.26 g/t gold (0.10 ounces per ton) over a core length of 12.5 metres (41 feet). Drill hole MC-06-51 was located over 100 metres west of and on strike to drill hole MC-98-28 that assayed 2.99 g/t gold (0.09 ounces per ton) over a core length of 15.2 metres (49 feet).
A drilling program on the Mishibishu Lake Property (Murgor option MUG-TSXV) will also be conducted this winter as part of the expanded 20,000 metre drilling program. The Mishibishu Lake Property contains more than 30 known gold occurrences, the most important of which is the Martin Zone. The geology of the Martin Zone consists of pyrite and arsenopyrite mineralization in deformed, altered and quartz veined mafic metavolcanics. This zone has been traced for over a kilometre along strike in drill holes and trenches where assay results of 5.5 g/t Au over 5 metres were obtained from previous drilling. Ground and airborne geophysical surveys suggest that the zone may continue for more than 3 kilometres along strike. The Martin Zone appears to be similar in style and orientation to the Dorset Zone which is located about 400 metres to the north.
Trelawney is the largest land holder in the entire Wawa/Hemlo mining camp with approximately 21,000 acres now under its control. The Company’s neighbour, gold producer Wesdome Gold Mines Ltd. (WDO-TSX) holds approximately 16,000 acres. Trelawney has assembled the largest land package in this area since the Hemlo staking rush in the 1980s. The consolidated property contains over 48 known gold occurrences attesting to the potential of the Mishibishu greenstone belt.
Having raised $1.79 million in November 2006, Trelawney is financed to complete the expanded drilling program and management is very excited about drill testing the potential of Trelawney’s extensive land holdings in the Wawa-Hemlo area of northern Ontario over the balance of 2006 and next year. This release has been reviewed and approved by Robert Duess, P. Geo, and interim QP (Qualified Person) under NI 43-101.
For further information contact:
Wayne J. O’Connor, President and CEO 416-361-2826 or wayne@trelawneyresources.com |
