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NEWS RELEASE DATED April 28, 2005
TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)
Appointment of Directors Update on Chile
David W. Bassett (CMA) has replaced Mr. Harry Stech as Secretary and
Chief Financial Officer of the Corporation. Mr. Stech remains a
director of the Corporation and a member of the audit committee.
Mr. Ian Berzins was appointed to the board of directors to
fill the vacancy left by the resignation of Mr. Robert Sibthorpe. Mr.
Berzins graduated from Queens University in Kingston, Ontario, with a
Bachelor of Science degree in Mining Engineering. His well rounded
expertise in mine design, mine supervision and senior mine management
will be assets to the company. Mr. Berzins was the mine manager for
Harmony Gold (Canada) Inc.'s Bissett Gold Mine in Manitoba and mine
manager for Echo Bay's Lupin Gold Mine in the Northwest Territories.
His experience will be invaluable to the planning and development of
the company's Empire Mine property. The mine contains copper, gold,
silver and zinc. Mr. Sibthorpe resigned due to other business
commitments.
On the San Ramon property in Chile, a total of ten core holes
have been completed on this 35 sq km property located 45 km west of
Copiapo. The drill holes test the lateral extension of the Carmen vein,
previously defined by two holes drilled 250m apart by American Canyon
Mining Chile Ltda. (ACM) in 2003. ACM's holes averaged 5.3% Cu, 2.1
gm/T Au and 0.12% Co, over an average width of 5 meters. Trio's drill
program has extended the Carmen vein system for more than 650m. Assay
results are pending.
A minimum of 10 mineralized structures have been identified by
old workings and drilling at San Ramon. The vein widths vary between 2
and 20 meters and are visible in lengths between 500 and 2,000 meters
before extending under sandy overburden. Iron-Oxide-Copper-Gold (IOCG)
mineralization potential exists as indicated by two geophysical
anomalies located beyond the northern and southern extents of the
Carmen vein.
The company is reviewing several third party proposals
interested in funding the advancement of the Empire Mine in Idaho to
final feasibility and to continue exploration of its Chilean San Ramon
property. In anticipation that an agreement may be reached with one or
more of the interested parties the company will not proceed with the
private placement announced on March 7, 2005. Any financing would
require approval of the regulatory authorities.
Philip van Angeren P.Geol., director of Trio Gold Corp., a
¡°qualified person¡± under National Instrument 43-101 guidelines is the
project supervisor for the San Ramon project.
TRIO GOLD CORP.
Suite 145, 251 Midpark Blvd. S.E.
Calgary, Alberta T2X-1S3
E-Mail: trio@triogold.com
Website: www.triogold.com
Phone: (403) 262-9640
Fax: (403) 262-9759
CUSIP #89669C-108, Exemption #82-2127
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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