TriAusMin Commences Diamond Drilling Program at Mt. Nicholas in New South Wales, Australia
PR-Inside.com: 2014-03-25 13:10:39
(FSCwire) - TriAusMin Limited (ASX: TRO) (TSX: TOR) TriAusMin” or the “Company is pleased to announce that it has commenced a 3 hole, 550 metre drill program on its 100% owned Lewis Ponds property located approximately 200 kilometres west of Sydney, Australia. This drill program is designed to test a strong electromagnetic (EM) target located below a line of historical copper workings at Mt Nicholas.
Lewis Ponds (EL 5583, 100% TRO)
Mount Nicholas Prospect
A preliminary diamond drilling program consisting of 3 holes totalling 550 metres has commenced at the Mt Nicholas prospect on the Lewis Ponds property, EL 5583. The holes are designed to test the strong plate conductor modelled from the VTEM survey completed in 2010. The plate conductor corresponds to the Mount Nicholas Copper Mine, one of several historical high grade copper mines within this area. This conductor was the strongest defined in the entire survey flown over the Lewis Pond property. The modelled (EM) plate measures 400 metres along strike and 150 metres down-dip.
The plate corresponds almost exactly to significant old workings (excavated on a number of quartz-copper-sulfide veins developed within a broad regional shear zone) that were mapped and sampled in 2013. The rock samples returned maximum assay values of 4.65% Cu, 2.53g/t Au, 49g/t Ag, 0.43% Pb and 0.34% Zn (reported in the June 2013 ASX Quarterly Report). Historical mine records note the occurrence of copper phases including cuprite, covellite, chalcopyrite and chalcocite. The NSW Geological Survey reports historical production from the Mt Nicholas Mine as 4,000 tonnes for 640 tonnes of copper (16% Cu). The current drill program is the first test of the old mine and corresponding EM conductor.
TriAusMin is engaged in the exploration and development of base and precious metals deposits in the Lachlan Fold Belt of New South Wales, Australia. TriAusMin’s projects include the Woodlawn Project, the Lewis Ponds Project located near Orange, 200km west of Sydney, as well as a number of other quality exploration properties in the Lachlan Fold Belt.
For further information, please visit www.triausmin.com or contact:
Mr Wayne Taylor, Managing Director and Chief Executive Officer:
Tel: +61 02 9299 7800 (Sydney) email@example.com
Tel: +1 905 727 8688 (Toronto) firstname.lastname@example.org
Competent Person Declarations
1. Competent Person / Qualified Person
The technical information in this report relating to the exploration results for the Lewis Ponds is based on information compiled by Mr Erik Conaghan, who is a Member of the Australasian Institute of Geoscientists. Mr Conaghan is a full-time employee of TriAusMin Limited and has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results and “qualified person” as this term is defined in Canadian National Instrument 43-101 NI 43-101. Mr Conaghan consents to the inclusion in this report of the information in the form and context in which it appears.
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Source: TriAusMin Limited (TSX:TOR, ASX:TRO) www.triausmin.com/
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