Mar 29 2014
TriMetals Mining Inc. reports that it filed its NI43-101 Technical Report on SEDAR on March 19, 2014 to support its Resource Estimate for the Gold Springs property and is now proceeding with a NI 43-101 Preliminary Economic Assessment ("PEA").
Ralph Fitch, President and CEO stated "We are thrilled to be at this stage of development of the Gold Springs project. We are now well advanced on an internal economic study of the project, using external independent engineers and have decided to upgrade this report to be NI43-101 compliant. We plan to issue the PEA by the end of April. As all of our investors know, in terms of upside potential for the resource, we have only drilled a portion of two of 18 outcropping gold targets and none of the extensive buried geophysical targets. I believe that the project will develop a significant resource over time."
Ralph Fitch went on to say "We are moving forward with metallurgical testing and will be carrying out tests using coarse material of a similar size to typical Nevada heap leach operations and are expecting to soon be able to report the issuance of our Plan of Operations on the Nevada side of the project. Once we have the completed the PEA we will make the decision as to whether the focus will be to move through all the engineering studies including the Pre-Feasibility and Feasibility Studies or to continue to expand the resource."
Further details on each of the Company's projects, including the recently acquired Gold Springs gold project in Nevada/Utah, are available on the Company's website at www.trimetalsmining.com and on SEDAR at www.sedar.com.
Escalones, Chile
The Company had many meetings at the PDAC this year and generated strong interest in the Escalones copper-gold porphyry project and are continuing discussions with companies that have shown an interest in joint venturing the project.