Trek Mining Confirms Extension of Piaba Gold Deposit 300 Metre Step-out Hole Intersects 3.90 Grams per Tonne Gold Over 11.0 Metres
TSX-V: TREK
Suite 730 – 800 West Pender St., Vancouver, BC Canada V6C 2V6
[email protected] +1 604.558.0560 www.trekmining.com
NEWS RELEASE
Trek Mining Confirms Extension of Piaba Gold Deposit
300 Metre Step-out Hole Intersects 3.90 Grams per Tonne Gold Over 11.0 Metres
May 17, 2017 – Vancouver, BC – Trek Mining Inc. (TSX-V: TREK) (“Trek” or “the Company” ) is pleased to
announce that initial drilling in Piaba West has intersected 3.90 grams per tonne gold (“g/t Au”) over 11.0
metres in a step-out drill hole located 300 metres along strike of the currently defined Piaba gold deposit at
its 100%-owned Aurizona Gold Mine (“Aurizona”) in Brazil. Results from the initial 18 shallow holes totalling
1,594 metres have successfully demonstrated that significant gold mineralization persists below the shallow,
westernmost reserve pit and that the Piaba gold deposit extends along strike at least 300 metres to the west.
Drilling highlights include:
• 3.90 g/t Au over 11.0 m in BRAZP575
• 1.95 g/t Au over 4.0 m and 2.17 g/t Au over 5.0m in BRAZP580
• 28.16 g/t Au over 4.0 m including 112 g/t over 1.0 m in BRAZP582
• 2.63 g/t Au over 9.0 m in BRAZP572
• 0.99 g/t Au over 15.0 m in BRAZP571
• 1.22 g/t Au over 33.0 m including 2.27 g/t Au over 11.0 m in BRAZP569
“Encountering ore grade intercepts along strike is exactly the result we were looking for,” said Scott
Heffernan, EVP Exploration of Trek. “ Drilling at Piaba West is ongoing and will further test the continuity of
mineralization along strike from current gold reserves in the Piaba gold deposit.”
Drill hole BRAZP575, located 300 metres beyond the westernmost edge of the existing Piaba pit, encountered
3.90 g/t Au over 11.0 metres from 49 metres down hole. BRAZP576 was collared a further 100 metres west
of BRAZP575 and ended in mineralization grading 0.71 g/t gold over 6.0 metres at a depth of 110 metres,
indicating that mineralization continues for an additional 100 metres along strike but may dip to the
southwest.
• For a complete table of the Company’s 2017 exploration drill results to date, click here
• For a map showing the Company’s 2017 exploration drill holes and highlight results to date, click here
“These initial results support our expectation that the Piaba gold deposit continues at depth and along strike
to the west,” said Christian Milau, CEO of Trek. “Successful infill drilling below the western end of the pit and
in the identified extension should lead to an increase in Aurizona gold resources and an extension of the mine
life.”
Current gold reserves at Aurizona are contained primarily within the Piaba gold deposit which remains open
along strike and to depth. Piaba West is a potential 900-metre long extension of the Piaba gold deposit and
is the first of several near- mine targets to be drilled as part of the Company’s planned 30,000-metre 2017
exploration program at Aurizona. Trek’s immediate priority is to follow the mineralization along strike and
down plunge, and to increase drill hole density below the western edge of the current reserve pit and the
initial 300-metre extension. A n additional 600 metres of westerly strike will be tested upon receipt and
interpretation of a recently completed 38,000 line-km airborne magnetic and radiometric survey.
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Invitation to Trek Mining Open House
Trek is hosting an open house at its office in Vancouver at the end of May , providing an opportunity for
existing and potential investors to meet Trek’s executive team and discuss ongoing activities at the
Company’s portfolio of projects. If you would like to attend, please RSVP by May 22 to Rhylin Bailie by phone
at +1 604-260-0516 or by email at [email protected].
When: Sunday, May 28 from 4-6pm
Monday, May 29 from 4-6pm
Where: Suite 730, 800 West Pender St., Vancouver
RSVP: +1 604-260-0516 or [email protected]
On behalf of the Board of Trek Mining Inc.
“Christian Milau”
CEO & Director
About the Aurizona Gold Mine
The current reserve and resource model for Aurizona outlines a 6.5 -year mine life based on reserves
identified in the Piaba and Boa Esperança pits. Gold mineralization is structurally controlled by subvertical,
strike-slip shear zones occurring along significant lithological contact between metavolcano -sedimentary
units and intrusive rocks. Host rocks are hydrothermally altered quartz diorite and plagioclase-quartz diorite
rocks. The mineralization style is disseminated stockwork and vein -hosted sulphides a nd gold within a
silicified shear zone. Gold mineralization at Piaba West is hosted in a northern, hanging wall sequence
composed mainly of diorite and quartz diorite intrusives with subordinate dacitic volcanics. Additional
information about Aurizona is available in the September 2016 “Pre -feasibility Study on Aurizona Mine
Project, Maranhão, Brazil, NI 43 -101 Technical Report” that is available on the Company’s website and on
SEDAR at www.sedar.com.
About Trek Mining Inc.
Trek is a Canadian mining company with a portfolio of production, near- production and exploration -stage
projects in North and South America. The Company is producing gold from its Koricancha Mill, a custom-built
gold and silver ore processing facility in Peru, and is completing a feasib ility study for its past-producing
Aurizona Gold Mine in Brazil, with the objective of pouring gold at Aurizona by the end of 2018. Trek’s
exploration properties include both near -mine and district exploration opportunities at Aurizona; the
Warintza project, a porphyry copper-molybdenum exploration project in Southeastern Ecuador; the Ricardo
project, a porphyry copper -molybdenum exploration project in Chile; and Elk Gold, a past -producing high-
grade gold mine in British Columbia, Canada. Further information about Trek’s business strategy and portfolio
of assets is available at www.trekmining.com or by email at [email protected].
Trek Mining Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: [email protected]
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Qualified Person and Disclosure Statement
Scott Heffernan, M.Sc., P.Geo., the Company’s EVP Exploration and Qualified Person under National Instrument 43 -101,
has reviewed and verified that the technical information contained in this news release is accurate and approves the
written disclosure of the same. Drill composites were calculated using cut -off values of 0.3 g/t, 1.0 g/t or 5.0 g/t gold as
specified in the drill table and contain no more than 3 metres of internal waste. Drill intersections are calculated using
uncut assays and are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be 60 to
90 percent of the reported lengths. All samples were submitted to ALS Chemex in Belo Horizonte, Brazil for sample
preparation. Sample pulps were then sent to ALS Chemex in Lima, Peru for geochemical analysis for gold by fire assay of
a 30-gram charge with an Atomic Absorption finish (AA) and for a 33 multi-element geochemical suite by 4-acid digestion
and Inductively-Coupled Mass Spectrometry (ICP -MS). Samples with AA gold values over 5.0 g/t are re-assayed using a
Gravimetric Finish (Grav) . Control samples (accredited standards, blanks and duplicate samples at the field and
preparation stages) were inserted on a regular basis. Results were monitored upon receipt of assays.
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward -looking information and forward -looking statements within the meaning of
applicable securities legislation (collectively “forward- looking statements”). The use of the words “will” , “should”,
“could”, “expected” and si milar expressions are intended to identify forward -looking statements. Forward -looking
statements contained in this press release include statements regarding planned exploration activities and drill results
at Aurizona, and the anticipated restart of production at Aurizona. Although Trek believes that the expectations reflected
in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-
looking statements since Trek can give no assurance that such ex pectations will prove to be correct. These statements
involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors
identified in Trek’s periodic filings with Canadian securities regulators , and assumptions made with regard to: the
anticipated results of exploration activities at Aurizona; whether exploration activities will lead to an increase in Aurizona
resources and an extension of the Aurizona mine life; the anticipated results of the feasibility study for Aurizona; the
anticipated Board of Directors decision to approve construction of the Aurizona mine; the ability to raise the c apital
required to fund construction and development of Aurizona; the ability to restart production at Aurizona; and timing of
the anticipated restart of production. Furthermore, the forward- looking statements contained in this news release are
made as at the date of this news release and Trek does not undertake any obligations to publicly update and/or revise
any of the included forward- looking statements, whether as a result of additional information, future events and/or
otherwise, except as may be required by applicable securities laws.