Tri Origin, Triako team up

An initial round of drilling by Australian-based Triako Resources has returned encouraging gold-silver intersections from the Overflow property of Tri Origin Exploration (TOE-V).

The property, which lies 500 km northwest of Sydney, Australia, is the site of past production and hosts numerous gold and base metal showings.

Triako sank eight holes, the first five of which were stepouts from a 1995 hole that cut 5.6 metres running 7.5 grams gold and 60 grams silver per tonne, plus 5% lead and 11.9% zinc. That intersection occured beneath old workings, whereas the new ones have been collared 30-50 metres away from that area.

Hole 1 returned 5 metres grading 7.6 grams gold and 36 grams silver per tonne, plus 0.12% copper, 2.2% lead and 5.1% zinc. The second hole had to be abandoned, but the final three yielded 1 metre of 0.5-4.7 grams gold, 13-27 grams silver, 0.1-0.3% copper, 0.5-1.5% lead, and 0.6-3.9% zinc.

All the mineralized intersections occurred between 139 and 225 metres down-hole.

The final three holes of the program were collared from 250 to 300 metres to the south to test mineralization below the Main shaft. Each intersected mineralization, including:

r 7 metres (starting at 165 metres below surface) of 1.5 grams gold, 132 grams silver, 0.13% copper, 0.6% lead and 1.6% zinc in hole 6; 3 metres (starting at 220 metres) of 0.86 gram gold, 116 grams silver, 0.02% copper, 0.3% lead and 0.9% zinc in hole 7; and

r 7 metres (starting at 198 metres) of 1.7 grams gold, 135 grams silver, 0.04% copper, 0.5% lead and 1.35% zinc in hole 8.

Additional drilling is planned.

Triako can earn a 70% stake in the property by spending A$1 million on exploration or by delineating a commercially viable resource within four years.