Oct 28 2013
Trio Resources, Inc. is pleased to announce that the Company has commenced its exploration program on the historic Stairs Gold Mine Property. The joint venture program with Teck Resources requires exploration work on the property over a three year period.
The Company is also pleased to report that a geological compilation on the Stairs Property has begun, which will help the Company identify exploration targets. Once the targets are identified, Trio will begin a work program in late fall 2013 consisting of geological mapping and prospecting. Exploration permits, which are required under the amended Ontario Mining Act, are currently being completed by the Company and will be submitted to the Ministry of Northern Development and Mining. This work will be headed by Trio's consulting geologist, JMK Exploration and Consulting.
"We are excited to start work at the historic Stairs property with its rich production history and abundant resources," stated Duncan Reid, CEO of Trio Resources, Inc. "Our short term plans include identifying above ground assets on the property that have potential for monetization as well as confirming targets for drilling programs and feasibility studies. Unlike other junior mining companies, we are executing on our unique business strategy in which we aim to realize cash flows via our wholly-owned milling facility located in Cobalt, Ontario."