Destor Claim Block Acquisition and Airborne Survey Complete at Tres-Or's Duparquet Gold Project, Quebec
02 Fevereiro 2011 - 10:45AM
Marketwired
Tres-Or Resources Ltd. ("Tres-Or" or "the Company") (TSX VENTURE:
TRS) is pleased to announce the completion of the purchase of the
Destor claim group which forms part of Tres-Or's Duparquet Gold
Project, located within the Abitibi region of northwestern Quebec.
The Duparquet Gold Project now covers 1,792 hectares (ha) of
claims, including the new 277 ha Destor claim block added north of
the past producing Duquesne Mine property currently being
re-evaluated by Osisko Mining Corporation ("Osisko") and Clifton
Star Resources Inc. ("Clifton"). Tres-Or purchased this new claim
block for an $11,088 cash payment and the issuance of 75,000 common
shares of Tres-Or to the Optionor on Exchange acceptance of the
agreement. Tres-Or has acquired a 100% interest in the claims
subject to a 2.0% NSR. Tres-Or will retain a first right to
purchase 1.0% of the NSR by paying to the Optionor $1,000,000.
Historical records indicate drill hole A-83-15 (1983)
intersected multiple mineralized zones within the Destor claim
group, including: 0.76 grams per tonne (g/t) gold (Au) over 12 m,
containing a higher-grade zone of 1.32 g/t Au over 2.0 m; 1.12 g/t
Au over 4.0 m; and 23.75 g/t silver (Ag) and 0.75% zinc (Zn), based
on reports filed with the Quebec government (Aiguebelle showing;
GM40928). No information exists as to the true thickness of these
intersections, nor can Tres-Or verify the reported results due to
the historical nature of the reports. For details refer to maps of
the Duparquet Gold Project and Destor Claim Group at
http://www.tres-or.com/images/Duparquet3c%20%282%29.jpg and
http://www.tres-or.com/images/Duparquet_newRelease.JPG.
A high-resolution airborne magnetic and electromagnetic
geophysical survey covering the Company's entire Duparquet Gold
Project including this new Destor claim block was completed and
Tres-Or is awaiting the delivery of the data files and reports.
This airborne survey was flown in conjunction with adjacent
property holders Osisko (TSX-OSK), Clifton (TSXV-CFO), and Xmet
Inc. (TSXV-XME) (see news release dated December 21, 2010).
The survey utilized a high-resolution time domain transient
electromagnetic system that provides deep penetration. Detailed
magnetic coverage and radar altimetry was recorded for digital
elevation modeling and the survey was flown using a helicopter at
flight line spacing of 100 meters across Tres-Or's entire Duparquet
property. This survey is meant to provide refined direct detection
of gold-bearing conductive sulphide zones and to define extensions
to the potentially gold bearing splay faults originating at the
Porcupine-Destor Fault.
Tres-Or's Duparquet Gold Project adjoins the past-producing
Beattie and Donchester gold mine properties and the Dusquene gold
mine property. These past-producing gold mines are currently being
re-evaluated by the Osisko/Clifton joint venture where Osisko is
planning a 130,000 m drill program along with metallurgical testing
(see Osisko and Clifton news releases dated December 6, 2010 and
January 26, 2011). Tres-Or's Duparquet Gold Project is also
contiguous to the Duquense-Ottoman property where Xmet has recently
published a 43-101 compliant inferred resource of 525,000 ounces of
gold (see Xmet news releases dated November 8, 2010 and December 2,
2010).
Production from all of these past producing gold mines is
associated with the regionally significant Porcupine-Destor fault,
and splay faults which extend from the major fault. Tres-Or is
targeting extensions of these splay faults which appear to cross
the Duparquet Gold Project, based on government and Company
geological mapping, as well as historical records of drill
intersections containing gold in the central Duparquet property
including 1.7 g/t gold over 1.16 metres (see Tres-Or news release
dated September 15, 2010 for details) and the Destor claim block
Aiguebelle gold showing as mentioned above.
Laura Lee Duffett, President and CEO of the Company, a qualified
person by the standards of National Instrument 43-101, is
overseeing the project and is responsible for the content in this
news release.
On behalf of the Board of Directors,
Laura Lee Duffett, President and CEO
About Tres-Or Resources Ltd.:
Tres-Or Resources Ltd. (TSX VENTURE: TRS) is a Canadian resource
company exploring gold and precious metals projects and diamond
assets in Ontario and Quebec. The experienced team has proven
success in exploration through to discovery and mine development.
Additional information related to the Company is available at:
www.tres-or.com.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy of accuracy of
this news release.
Contacts: Tres-Or Resources Ltd. Dominic Spedaliere Corporate
Communications 604-688-8700 info@tres-or.com www.tres-or.com
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