Trio Gold Announces Proposed Private Placement

May 15, 2015 in Press Release

NEWS RELEASE DATED May 15, 2015
TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

Trio Gold Corp. (“Trio”) announces that subject to the approval of the TSX venture exchange, the company proposes a non- brokered private placement of up to 10 million units at a price of 2 cent per unit. Each unit will consist of two common shares and one warrant. Each warrant will entitle the holder to purchase one common share for a period of three years from the closing date of the private placement at a price of 3 cents.

The proceeds of the financing will be used for working capital and advancement of the Trio’s McNeil and Rodeo Creek properties. The McNeil property located in the Timmins area of Ontario Canada covers an area of approximately 10,200 acres (4,127 hectares). The McNeil property contains a number of gold showings and old workings dating back to the early 1920’s. Gold showings and past workings include a number of high-grade shafts, such as the Isadore Shaft, 8Ft Shaft and Laporte Shaft along with numerous reported gold showings. One such notable gold showing just north of the 8 foot shaft, the MicMac Showing, was examined in 2002 by L. Jensen working for the Ontario Geological Survey, who collected Gold samples of 17.6g/ton, 26.7g/ton and 3.2g/ton. (OGS Report File 5931). These are reported historical values reported from previous operators but are not NI43-101 compliant.

The Rodeo Creek property is located in the Northern portion of the Carlin Gold Trend in Nevada. This property is adjacent to Barrick Gold Corp’s recently permitted South Arturo Gold mine, slated for production later this year. The Storm deposit owned and mined by Barrick Gold Corp. is located approximately 1.5 km to the south east. Past drilling conducted by Trio encountered various grades of gold ranging from minor shows up to 0.865 opt. Harry Ruskowsky states, “Rodeo Creek is strategically located in line with producing gold mines within the Carlin Trend and Trio feels that there is an excellent chance for a discovery”.

Trio also wishes to report that Dr. Earl Abbott, P.Geol. has resigned from our Board of Directors due to personal reasons, however, Dr. Abbott, P.Geol. will remain our consulting geologist for the Rodeo Creek Project. The Board of Directors wishes to thank Dr. Abbott for his contribution to the advancement of our Rodeo Creek project he will become the qualified person for purposes of NI43-101 Rodeo Creek reporting.

This press release has been reviewed and approved by Ms. Chartier MSc., MBA, P. Geol. , Trio’s qualified person for NI43-101 reporting.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President and CEO at (403) 262-9640.

Trio Gold Corp.
Suite 145-251 Midpark Blvd. SE
Calgary, Alberta T2X-1S3
Phone: (403) 262-9640
E-mail:press@triogold.com Website: www.triogold.com
CUISPa#89669C-108, Exemption #82-2127

AGM Update

December 18, 2013 in Press Release

Calgary, Alberta, Canada:  December 18, 2013 – Trio Gold Corp. (TSX-V – TGK) (US listed:TROOF) (“Trio”) announces that, at its annual general meeting of shareholders held on December 16, 2013, each of the six nominees listed below proposed as directors and listed in its management information circular dated November 12, 2013 were elected as directors.

The detailed results of the voting by proxy for each nominee are as follows:

Nominee

Votes For

Votes Withheld

Number

%

Number

%

Harry B. Ruskowsky

6,826,631

99.25%

51,700

0.75%

Torrie Chartier

6,821,631

99.18%

56,700

0.82%

Daniel Tataryn

6,821,631

99.18%

56,700

0.82%

David Gibson

6,789,631

98.71%

88,700

1.29%

Jim Maldaner

6,826,631

99.25%

51,700

0.75%

Dr. Earl W. Abbott

6,826,631

99.25%

51,700

0.75%

Incumbent directors Mr. Ruskowsky, Ms. Chartier and Mr. Tataryn were re-elected along with nominees Mr. David Gibson, Mr. Jim Maldaner and Dr. Earl W. Abbott.  A brief resume on each of our directors is included below.

Harry B. Ruskowsky is an entrepreneur with more than forty-five years of domestic and global strategic leadership experience relating to mineral and oil and gas projects. Mr. Ruskowsky has experience in finance and corporate management and is the founder president and chief executive officer of Trio. He is a long time member of the Canadian Association of Petroleum Landmen.

Torrie Chartier, MSc. MBA, P. Geo., member of the Trio Board of Directors since May 2012, obtained her MSc. from Michigan Technological University and an MBA from the University of Calgary.  Torrie is an independent geological consultant, who brings to Trio more than 25 years of experience in the mineral exploration industry. Ms. Chartier has extensive expertise in the exploration for diamonds and has been directly associated with the discovery of numerous kimberlite pipes in the Great Lakes Region of Michigan, the Northwest Territories, Nunavut and Western Greenland. Ms. Chartier is currently a director and CFO of Uravan Minerals Inc.(TSX-V:UVN) and Sabre Graphite Corp. (CVE: SAG). Ms. Chartier has managed various exploration programs and is a qualified person for the purpose of National Instrument 43-101.

Mr. Daniel Tataryn, member of the Trio Board of Directors since March 2008, has over 30 years’ experience in the aviation business and is currently a captain for a Canadian airline. Mr. Tataryn holds a Canadian and American airline transport license, and brings over 30 years of  business and management skills to the Board.

Mr. David Gibson, a graduate of Georgian College in Business Administration specializing in Marketing. His career in the mining industry started in 1982 working in the northern mining districts of Ontario and Quebec performing geotechnical, geophysical and geochemical surveys for junior and major mining companies. Throughout his career Mr. Gibson has performed contract field services along with contract diamond drilling and has provided technical consulting services to numerous junior and major mining companies in Canada and the United States.    Mr. Gibson brings over 28 years of mineral exploration experience and mining acumen to Trio including geomatics, geophysical and geochemical expertise.

 

Mr. Jim Maldaner, BCOM, CA, is a Chartered Accountant and Partner in DNTW Chartered Accountants.  Jim has extensive experience in public accounting and in industry. Industry experience includes substantial background in the resource sector in various senior financial capacities incorporating CFO, controllership, and treasury functions. Projects included administrating public corporations, initiating and managing internal audit, arranging financing and implementing mergers and acquisitions.  Public accounting experience includes advising, accounting and tax for small to medium sized owner managed companies as well as audit and managerial support for publicly listed companies. Jim has served on the Board of Directors of Olympia Trust and is an active member on the Board of Directors of Appulse Corporation (TSX-V: APL).

 

Dr. Earl W. Abbott is a senior geologist with over 41 years of experience in mineral exploration for companies in the United States, Mexico, China, Africa and Costa Rica. From 1982 to the present, Dr. Abbott has been self-employed as a geological consultant managing metallic and industrial mineral projects and exploration programs. Dr. Abbott has conducted a number of exploration programs on the world famous Carlin gold trend in Nevada.  A member of the American Institute of Professional Geologists and a past president of its Nevada section, Dr. Abbott is also a Certified Professional Geologist and a member of the Geological Society of Nevada (and its past president). He is also a member of the Society of Mining Engineers of the American Institute of Mining, Metallurgy and Petroleum. Dr. Abbott earned his Ph.D. in Geology in 1972 from Rice University. Dr. Abbott is presently a member of the Board of Directors of Big Bar Resources Corporation (TSX-V: BBK).

Shareholders also voted in favor of all other items of business at the meeting including approval of Trio’s existing rolling 10% stock option plan and the appointment of MacKay LLP, Chartered Accountants as the auditors of the Corporation.   Detailed voting results are available on SEDAR at www.sedar.com.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President and CEO at (403) 262-9640.

Trio Gold Corp. (“Trio”) announces the acquisition and option to acquire a major land block in Ontario

October 23, 2013 in Press Release

Trio Gold Corp. (“Trio”) announces the acquisition and option to acquire a major land block totaling approximately 24,200 acres (9,800 hectares).

The properties known as the McNeil and Night Hawk are located in the Larder Lake Mining Division 50 km (30 miles) southeast of Timmins Ontario within the Abitibi Greenstone belt. This area has produced more than 70 million ounces of gold, from the famous Hollinger, McIntyre, Pamour and Dome Mines.

Trio acquired an option from Amarok Resources Inc., a Nevada Corporation to earn a 100% interest in the McNeil Property by expending $500,000.00 on or before December 31, 2015, $2,000,000.00 before December 31, 2017 and a final $2,500,000.00 by December 31, 2019. The property is subject to a 5% net smelter return (“NSR”) which may be bought back at any time by paying $10,000,000.00. The NSR may also be exercised at any time in part by paying $2,000,000.00 for each one percent of the NSR purchased.  (all amounts in Canadian dollars).

Trio acquired 100% of the Night Hawk property by conducting a Geo-referencing work program on the property. The cost of this program was $28,519.00. The property is subject to a 5% NSR which may be bought back at any time by paying $10,000,000.00. The NSR may also be exercised at any time in part by paying $2,000,000.00 for each one percent of the NSR purchased. (all amounts in Canadian dollars).

The McNeil property covers an area of approximately 10,200 acres (4,127 hectares). This property has a number of old workings dating back to 1923 where shafts were dug to 120 feet (37m) with reported quartz veins containing visible gold. Drilling in 1946, reported gold values up to 5.8 g/t over 1.3 metres.  In 1979, drilling by Sylva Explorations Ltd. reported gold grades of 45.4 g/t over a 0.3 metre interval and 39.1 g/t over a 0.9 metre interval.

Throughout the property, there are numerous gold mineralization occurrences that have the potential for large tonnage style gold enrichment similar to the Porcupine Gold mines owned by Gold Corp.

Previous owners drilled on the Weekly/ Laporte Area in the north central part of the McNeil Property reported visible gold in several of the drill holes. A sample with visible gold taken from this area is on display in the Sir Harry Oak Mining Museum in Kirkland Lake Ontario. Based on work by government and industry which consisted of soil geochemical survey, helicopter borne magnetic electromagnetic survey and extensive stripping. Geo Vector Management Inc. recommends a two phase exploration program be undertaken. This program would be designed to conduct additional soil sampling, computer modelling, and core drilling estimated at $1.5 million (National Instrument 43-101, July 12, 2012, Geo Vector Management Inc.).

The Night Hawk Property covers an area of approximately 14,000 acres (5,665 hectares) and is continuous to the west and north of the McNeil property.  Airborne magnetic geophysics published by the Ontario Geological Survey clearly identifies a continuous volcanic belt extending from the McNeil Property and terminating within the Night Hawk Property. The geological similarity between the Night Hawk and McNeil Properties represents the potential for additional gold discoveries.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President and CEO at (403) 262-9640.

Trio Closes Private Placement

September 5, 2013 in Press Release

NEWS RELEASE DATED September 5, 2013
TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

Trio Gold Corp. (“Trio”) has closed its non – brokered private placement of units announced on June 20, 2013. The placement was oversubscribed by 500,000 units resulting in the placement of 10.5 million units for gross proceeds of $210,000.00. Each unit consists of two shares and one share purchase warrant. Each warrant entitles the holder to purchase one common share for the first 12 months from the date of issuance at a price of $0.05 and at a price of $0.10 for the next 12 months. The securities for this issue have a hold until December 31, 2013.

The board of directors approved the private placement with those participating abstained from voting relative to their subscription. Torrie Cartier and Dan Tataryn directors of the company each subscribed for 500,000 units. A total of 15 subscribers participated in the private placement. QI Assest management ltd with head office in Selangor Malaysia purchased 2.5 million units. Devan Rajah and Shawn Thorton each earned $6,000.00 in connection with the placement were paid a 10% finder’s fee. The private placement was conducted pursuant to the TSX Venture Exchange Temporary Relief Measures from certain pricing requirements bulletin issued by the Exchange on April 12, 2013.

The proceeds are expected to be used over the next 5 months. The estimated amounts are:

Audit, Accounting and Legal    $50,000.00
Business Tax and insurance    $6,000.00
Mineral Property expense    $28,000.00
Office Salary/Rent/Filing Fees    $40,000.00
Shareholder Annual Meeting    $26,000.00
Finder’s Fee        $12,000.00
Estimated Total    $162,000.00

The balance of the funds will be used for general working capital purposes being the excluded amount under the relieve measures bulletin.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President and CEO at (403) 262-9640.

Trio Gold Corp. Suite 145-251 Midpark Blvd. SE Calgary, Alberta T2X-1S3
Phone: (403) 262-9640 – Fax: (403) 262-9759
E-mail:press@triogold.com – Website: www.triogold.com
CUISPa#89669C-108, Exemption #82-2127

Non Brokered Private Placement

June 20, 2013 in Press Release

NEWS RELEASE DATED June 20, 2013

TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

 
Trio Gold Corp. (“Trio”) announces that subject to the approval of the TSX venture exchange. The company proposes a non- brokered private placement of up to 10 million units at a price of 2 cents per unit.

Each unit will consist of two common shares and one warrant. Each warrant will entitle the holder to purchase one common share for a period of one year from the closing date of the private placement at a price of 3 cents.

The proceeds of the financing will be subject to the TSX Venture exchange temporary relieves measures outlined in the December 12, 2012 bulletin/ notice to issuers.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President and CEO at (403) 262-9640.

Trio Gold Corp.
Suite 145-251 Midpark Blvd. SE
Calgary, Alberta T2X-1S3
Phone: (403) 262-9640
Fax: (403) 262-9759
E-mail:press@triogold.com

 

Airborne Gravity Survey Flown over the Rodeo Creek Property, Nevada

March 25, 2013 in Press Release

NEWS RELEASE DATED March 25, 2013

TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

 Airborne Gravity Survey Flown over the Rodeo Creek Property, Nevada

Trio Gold Corp. (“Trio”) has signed an Entry Agreement with Barrick Gold Exploration Inc. (“Barrick”) authorizing access to over fly its Rodeo Creek property with a helicopter gravity geophysical survey.  This work will commence shortly and Trio will have access to the data in three months according to its agreement with Barrick.

Trio’s Rodeo Creek property consisting of just under 600 acres of 29 unpatented claims is located immediately north of Barrick’s Storm and Dee mines along the northern portion of the Carlin Trend, Nevada.   Trio has held this property since 1989 and conducted core drilling programs in 2010-2011.

Trio remains involved with Amarok Resources Inc. (“Amarok”) who can earn a 75% interest in the property by spending USD $5.5 million.   Amarok has spent USD $2.4 million to date.   On February 12, 2013, Amarok Resources Inc. (“Amarok”) advanced to Trio the sum of USD $15,000 against the USD $150,000 payment due on April 1, 2013 pursuant to its February 9, 2010 agreement between Amarok and Trio, amended March 23, 2012.   By pre-paying a portion the April 1, 2013 payment, Trio granted Amarok an extension to October 1, 2013 to pay the balance of USD $150,000.   Trio further extended Amarok’s right to earn their 75% interest in the Rodeo Creek property to December 31, 2014.

Trio also announces the resignation of Mr. Phil van Angeren, P. Geol. as a Director of the Company to pursue other interests.   We thank Mr. van Angeren for his years of dedicated service as a Director of Trio.   Mr. van Angeren will remain as an advisor to Trio on its Rodeo Creek Property, Nevada.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President and CEO at (403) 262-9640.

 

TRIO GOLD CORP.
Suite 145, 251 Midpark Blvd. S.E.
Calgary, Alberta T2X-1S3
Phone: (403) 262-9640                  
Fax: (403) 262-9759
E-Mail: press@triogold.com

Trio Appoints New Director

May 29, 2012 in Press Release

NEWS RELEASE DATED May 29, 2012

TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

 Trio Gold Corp. (“Trio”) is pleased to announce the appointment of Ms. Torrie Chartier to the Board of Directors effective immediately. Ms. Chartier is a Professional Geologist holding a MSc. from Michigan Technological University and an MBA from the University of Calgary.

Ms. Chartier is an independent geological consultant, who brings to Trio, more than 25 years of experience in the mineral exploration industry. Ms. Chartier has extensive expertise in the exploration for diamonds and has been directly associated with the discovery of numerous kimberlite pipes in the Great Lakes Region of Michigan ,the Northwest Territories , Nunavut and Western Greenland. Ms. Chartier has managed various exploration programs and is a qualified person for the purpose of National Instrument 43-101.

Ms. Chartier will act as the Company’s new Chief Financial Officer replacing Mr. David Bassett who passed away recently after faithfully serving the company in that capacity for many years. David will be greatly missed by everyone in the company.

Ms. Chartier acts as a Board member and the CFO for Uravan Minerals Inc. a public trading company. She also acts as the business manager for a family owned charter helicopter company located in Calgary.

On behalf of the Board of Directors we welcome Ms. Chartier to the Trio team.

Trio Gold Corp. (“Trio”) has agreed to amend its January 28, 2010 exploration agreement covering The Rodeo Creek property, located on the Carlin Trend in Nevada with Amarok Resources Inc. (“Amarok”) under the amended terms Amarok was granted an extension until December 13, 2013 to complete the 5.5 million dollar exploration program (news releases dated February 9, and March 16, 2010). Trio will receive an additional 139,400 restricted Amarok common shares for granting the extension.

The Hotstone Gold Property Option Agreement dated January 6, 2012 between Trio Gold Corp., Gibson and Associates Inc. (“Gibson”) and Coastal Pacific Mining Corp. (“Coastal”) has been terminated.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President & CEO, at (403) 262-9640.

 

TRIO GOLD CORP.

Suite 145, 251 Midpark Blvd. S.E.   Calgary, Alberta T2X-1S3
Phone: (403) 262-9640  Fax: (403) 262-9759
E-Mail: press@triogold.com     Website: www.triogold.com
CUSIP #89669C-108, Exemption #82-2127

Trio Update

March 28, 2012 in Press Release

NEWS RELEASE DATED March 28, 2012

TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

 

Corporate Update

Trio Gold Corp. announces that it has compiled the available data relating to all of the drilling and geological studies on its wholly owned Rodeo Creek property located on the prolific Carlin gold belt in Nevada. The study was conducted to confirm the location of both follow-up drill targets and of existing target areas that have not yet been drilled.

The study has concluded that at least five areas, which have little or no previous exploration history, justify drilling. These areas have geochemically anomalous fault structures that were discovered by surface mapping and by drilling. The detailed report has been presented to Amarock Resources Inc. (Trios funding partner on the project) for their examination. This will assist them to evaluate the property and to assist in their decision to continue with the option agreement to earn their interest in the property.

It is with deep sadness that we announce the passing of our long time director, Mr. Harry Stech. Harry served as a faithful Director of the company since 2002. He will be greatly missed in our board room. We at Trio extend our sincere condolences to Harrys family, and we are honored to have enjoyed such a warm association with Harry these past 10 years.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President & CEO, at (403) 262-9640.

 

TRIO GOLD CORP.
Suite 145, 251 Midpark Blvd. S.E.
Calgary, Alberta T2X-1S3
E-Mail: press@triogold.com Website: www.triogold.com
Phone: (403) 262-9640
Fax: (403) 262-9759
CUSIP #89669C-108, Exemption #82-2127The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Trio signs option agreement on Hotstone Gold project

January 16, 2012 in Press Release

NEWS RELEASE DATED January 16, 2012
TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

TRIO SIGNS OPTION AGREEMENT ON HOTSTONE GOLD PROJECT
 Trio Gold Corp. has signed an Option Agreement with Coastal Pacific Mining Corp. (“Coastal”) and the property vendor to earn a 50% interest in the Hotstone Gold property located in Ontario, Canada. The Hotstone property is comprised of 4 claim units located within Greenlaw Township, 50 km southeast of Chapleau, and 130 km west-southwest of Timmins. Hotstone is located on trend west of the newly emerging West Porcupine Gold camp which includes the newly producing Timmins Mine of Lake Shore Gold Corp.

Hotstone is located in the Swayze Greenstone Belt, which is the western extension of the well-known Abitibi Greenstone Belt (AGB). The AGB is host to Canada’s largest gold producing districts, including the Porcupine Mining District (Timmins) which has produced in excess of 70 million ounces of gold from such world-class mines as the Hollinger, McIntyre, Pamour and Dome Mines, the latter with over 100 years of continuous gold production. The AGB also hosts the Larder Lake Mining District (Kirkland Lake) which has produced more than 24 million ounces of gold from the famous Wright-Hargreaves, Lakeshore and Macassa Mines. These two mining districts are located within the prolific Porcupine-Destor Fault Zone (Timmins Camp) and the Cadillac-Larder Lake Break (Kirkland Lake), two well-known regional-scale altered shear zones. The presence of the inferred western extension of the Larder Lake Break on the Hotstone property exposes Trio to the successful exploration concepts used in the Porcupine and Larder Lake camps. This is one of the reasons why Hotstone attracted Trio’s attention.

Of particular interest is a large west-trending quartz-carbonate-fuchsite alteration shear zone located in the south part of the property. It contains numerous gold showings and has been the focus of gold exploration since the early 1930’s. Geophysical work performed by the vendor in 1998 and 2006 identified a 5300 ft long by ~150 ft wide magnetic anomaly coincident with the alteration zone and a 4000 ft long Frazer-filtered EM anomaly coincident with a subparallel quartz-feldspar porphyry dike. Anomalous gold values can be found throughout the alteration zone and within the dike, with the best assays from quartz lenses and veins. Extensive trenching was performed by the original discoverers in the 1940’s, with gold in quartz veins reportedly returning values as high as 3.14 oz/ton across two feet. The carbonatized host rock assayed gold values up to 0.5 oz/ton. These figures are of historical nature and are therefore not National Instrument 43-101 compliant. The geological and geophysical features of Hotstone compare well with those of typical AGB mineralization. The Company believes that the well-exposed carbonatized shear zone is drill-ready, and will be the primary focus of exploration.

Under the terms of the Agreement, Trio has the option to earn a 50% interest in the Hotstone property by spending C$1,300,000 in exploration on the property by December 31st 2012, and making cash payments of C$200,000 to the vendor. The agreement is subject to Trio obtaining minimum financing of $700,000 by the end of April 2012. In addition, the vendor will be granted a 1% Net Smelter Return (“NSR”). Coastal and the vendor will each maintain a 25% interest in the property. Trio and Coastal collectively have the option to purchase the vendor’s 25% interest for $2,000,000 and his NSR for a further $1,000,000.

This release has been prepared by Philip van Angeren P.Geol., director of Trio Gold Corp., who is a “qualified person” under National Instrument 43-101 guidelines. Mr. van Angeren has reviewed documentation as supplied by Coastal and the vendor, and he does not have any reason to believe that there are any misrepresentations in the information provided. All of the data and information discussed in this release are of historical nature and are therefore not considered to be compliant with National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

TRIO GOLD CORP.
Suite 145, 251 Midpark Blvd. S.E.
Calgary, Alberta T2X-1S3
E-Mail: press@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.

Rodeo Creek Update

October 26, 2011 in Press Release

NEWS RELEASE DATED October 26, 2011

TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)

 

Rodeo Creek Update
Trio Gold Corp. (Trio) wishes to update its shareholders on recent developments regarding the progress on its Rodeo Creek project located on the prolific Carlin gold belt in Nevada. The project is funded by Amarok Resources Inc. who can earn a 75% interest in the property by spending 5.5 million U.S dollars by the end of 2012.Drill hole AMK10-04, which was completed at a depth of 3,030ft, intersected very intense Carlin-style alteration (brecciation and silicification) at a depth of 2,755ft to 2,962ft in Popovich Formation. Silicified Popovich Formation is one of the main hosts for gold mines along the Carlin Trend. Although the alteration found in AMK10-04 is the strongest yet found on the property, no economic concentrations of gold were detected through the section.The objective of AMK10-04 was to test the potential for a deep-seated high-grade auriferous structure believed to be the source of gold mineralization found at shallow depth in the nearby Flower area, where previous shallow drilling encountered numerous gold values, including 20ft grading 4.22 gm/T gold at 315ft depth in hole AMK-FZ-3, 14ft grading 2.37gm/T Au in AMK-FZ-4, and historical values ranging from 5.38 gm/T over 17ft to 29.66 gm/T over 5 ft. Management believes that the Deep Flower Target has not been fully tested; the combination of “near-surface mineralization” and “deep high-grade Carlin-style alteration” is significant, and merits additional follow-up drilling.

In addition, geologic review of the information gathered from current and past drill programs has identified three holes which require follow-up drilling. All three encountered 70ft to 100ft of mineralized alteration in the Popovich Formation. The review has also identified additional targets on the property which have not been drill-tested and which will warrant drilling.

The Rodeo Creek property adjoins, and is on strike with, Barrick’s Storm, Dee and Arturo gold deposits in the Northern portion of the Carlin gold belt, which has in excess of 100 million ounces of gold production and inventory, including the world class Goldstrike and Meikle mines.

This release has been prepared by Philip van Angeren P.Geol., director of Trio Gold Corp., and a “qualified person” under National Instrument 43-101 guidelines.

 

TRIO GOLD CORP.
Suite 145, 251 Midpark Blvd. S.E.
Calgary, Alberta T2X-1S3
E-Mail: press@triogold.com Website: www.triogold.com
Phone: (403) 262-9640
Fax: (403) 262-9759
CUSIP #89669C-108, Exemption #82-2127The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.