TriMetals Mining Inc. Intercepts 30.5 Metres at 1.31 g/t AuEq* at South Jumbo (Etna)
NEWS RELEASE: 17-03
TriMetals Mining Inc. Intercepts 30.5 Metres at 1.31 g/t AuEq* at
South Jumbo (Etna)
March 2, 2017, Vancouver, British Columbia— TriMetals Mining Inc. (TSX: TMI,
OTCQX: TMIAF), (the “Company”), is pleased to announce the results from the final drill
holes of the 2016 program on the Gold Springs project located in Utah and Nevada.
Link to Location Map showing Jumbo Trend:
http://www.trimetalsmining.com/wp-content/uploads/2017/01/GSPR_Figure1-09-17v2mpm.pdf
Two additional holes were completed in the South Jumbo on the Etna target and three within
Central Jumbo. Highlights from the final holes include 1.1 g/t Au and 15.61 g/t Ag, equating to
1.31 g/t AuEq* over 30.5 metres in hole E-16-008 which was drilled from the same location as
E-16-004 (24.4 metres at 2.04 g/t Au, 11.49 g/t Ag, PR January 11, 2017) but at a steeper angle
to test the down dip continuity of the system.
Link to map showing South Jumbo (Etna) Plan and Sections:
http://www.trimetalsmining.com/wp-
content/uploads/2017/02/EtnaPlanSections201750Proj.pdf
Three holes were drilled within the central portion of the Jumbo trend, the State Section target,
returning 12.2 metres at 0.79 g/t Au and 5.79 g/t Ag in hole SS-16-001. This hole is located 500
metres south of the Jumbo resource area and 1,100 metres from the 2016 Etna holes. The other
two holes located in Central Jumbo were reconnaissance holes drilled into areas of structural
complexity to better understand the geology and did not intersect any significant gold
mineralization.
Ralph Fitch, President and CEO of the Company stated “The final drill results from the 2016
program continue to demonstrate the size and strength of the mineralizing systems at Gold
Springs. From an exploration standpoint it is very significant that hole SS-16-001, located
between the two known blocks of mineralization on the Jumbo Trend, and drilling into a
partially covered area, intersected a portion of the Jumbo mineral system. This hole located in
the central portion of the Jumbo Trend, between the North Jumbo and South Jumbo (Etna)
targets, intersected the mineralized system, again confirming the continuity of the
mineralization flanking the 5.5 km long Jumbo Structural Trend resistivity high. All this new
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mineralization discovered in the Jumbo Trend and at Thor is presently being incorporated in
our updated resource estimate which is expected to be published in Q1.”
The final Thor hole T-16-011, was drilled to offset T-16-001 and intersected 4.0 g/t Au and 55.7
g/t Ag over 3.1 metres. Another 375 metres south, two additional scouting holes (SH-16-001 and
002) also intersected mineralization indicating that the system continues to the south.
Link to Thor T-16-011 Map and Section:
http://www.trimetalsmining.com/wp-content/uploads/2017/02/ThorPlanSecDH-T-16-011.pdf
Below is a complete list of the final set of results from the 2016 drill program;
Target Drill Hole From (m) To (m) Thickness
(m)
Gold
(g/t)
Silver
(g/t)
AuEq*
(g/t)
South
Jumbo
E-16-007 1.5 32.0 30.5 0.50 5.03 0.58
Void Old
Workings
32.0 36.6 4.6
and 36.6 45.7 9.1 0.63 10.73 0.80
and 97.5 102.1 4.6 0.98 36.5 1.57
and 134.1 152.4 18.3 0.34 1.67 0.37
South
Jumbo
E-16-008 33.5 64.0 30.5 1.1 15.6 1.31
and 134.1 146.3 12.2 0.67 3.75 0.73
Central
Jumbo
SS-16-001 88.4 100.6 12.2 0.79 5.79 0.88
Thor T-16-011 134.1 158.5 24.4 0.92 11.02 1.10
Inc. 141.8 144.8 3.1 4.00 55.7 4.90
and 195.1 199.6 4.6 1.87 15.3 2.12
Thor SH-16-001 24.4 33.5 9.1 0.42 1.75 0.45
Thor SH-16-002 3.1 12.2 9.1 0.29 0.66 0.30
* Gold Equivalent (“AuEq”) calculated using a 61.9 gold to silver ratio and assumes 100% metallurgical
recoveries. True width is approximately 80-90% of Thickness.
Hole ID Easting
UTM
NAD 27
Northing
UTM
NAD 27
Elevation
Feet
Azimuth Inclination TD
(ft)
TD
(m)
T-16-011 759431 4198287 6926 235 -70 725 221.0
E-16-007 760577 4196649 6620 90 -70 525 160.0
E-16-008 760544 4196755 6612 90 -70 560 170.7
SS-16-001 761209 4197649 6743 270 -65 505 153.9
SS-16-002 761281 4198125 6825 270 -65 465 141.7
SS-16-003 761032 4197673 6786 270 -65 405 123.4
SH-16-001 759368 4197813 6746 270 -50 465 141.7
SH-16-002 759189 4197622 6598 50 -65 425 129.5
About TriMetals Mining Inc.
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TriMetals Mining Inc. is a growth focused mineral exploration company creating value through
the exploration and development of the near surface, Gold Springs gold-silver project in mining
friendly Nevada and Utah in the U.S.A.
The Company’s approach to business combines the team’s track record of discovery and
advancement of large projects, key operational and process expertise, and a focus on community
relations and sustainable development. Management has extensive experience in the global
exploration and mining industry.
The Company’s common shares and Class B shares are listed on the Toronto Stock Exchange
under the symbols “TMI” and “TMI.B” and the common shares and Class B shares also trade on
the OTCQX market under the symbol “TMIAF” and “TMIBF”. Note that the Class B shares have
no interest in the properties or assets of the Company. The Class B shares are only entitled
collectively to 85% of the net cash, if any, (after deducting all costs, taxes and expenses and the
third-party funder's portion thereof) received by TMI from award or settlement in relation to the
Company’s subsidiary South American Silver Limited’s arbitration proceeding against Bolivia
for the expropriation of the Malku Khota project in 2012. Additional information related to
TriMetals Mining Inc. is available at www.trimetalsmining.com and on SEDAR at
www.sedar.com.
Qualified Person
The Qualified Person on the Gold Springs property is Randall Moore, Executive Vice President
of Exploration – North America of TriMetals Mining Inc. and he has reviewed and approved the
content of this press release. The Qualified Person verified the data for its geological
reasonableness, checked all the inputs and verified the analytical data through an analysis of the
blanks and standards submitted with the drill-chip samples.
Quality Assurance and Quality Control
Approximately 7 kg of RC chips were sent to the laboratory for each 1.52 metre drill interval.
Fifteen percent of the samples submitted by the Company are blanks and standards for QA/QC
purposes. In addition, the laboratory also includes duplicates of samples, standards, and blanks.
The results of these check assays are reviewed prior to the release of data. All RC chip sample
assays are also reviewed for their geological context and checked against the drill logs.
Assay Method
TMI Assays were performed in Sparks, Nevada by Bureau Veritas Mineral Laboratories, an ISO
9001:2000 Certified laboratory. Gold was analyzed by fire assay of a 30-gram sample with an
AAS finish with samples assaying greater than 10 g/t re-assayed using a 30-gram sample and a
gravity finish. All other elements were analyzed by a four acid leach ICP method coded MA300.
No known drilling, sampling, recovery or other factors have been observed that could materially
affect the accuracy or reliability of the data referred to in this news release.
* Gold Equivalent
Gold Equivalent (AuEq) in this press release was calculated using a 61.9 gold to silver ratio and
assumes 100% metallurgical recoveries.
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Forward-Looking Statements
Certain statements contained herein constitute “forward -looking information” or “forward- looking
statements” under applicable securities laws (“forward -looking statements”). Forward-looking
statements look into the future and provide an opinion as to the effect of certain events and trends on the
business. Forward- looking statements may include words such as “continue”, “indicating”, “expected”
and similar expressions. Interpretations of exploration results, including the strength of mineralization,
are also forward-looking statements. These forward -looking statements are based on current
expectations and entail various r isks and uncertainties. Actual results may materially differ from
expectations if known and unknown risks or uncertainties affect our business or if our estimates or
assumptions prove inaccurate. Factors that could cause results or events to differ materially from
current expectations expressed or implied by the forward- looking statements, include, but are not
limited to, risks of the mineral exploration industry which m ay affect the advancement of the Gold
Springs project, including possible variations in mineral resources, grade, recovery rates, metal prices,
capital and operating costs, and the application of taxes; availability of sufficient financing to fund
planned or further required work in a timely manner and on acceptable terms; availability of
equipment and qualified personnel, failure of equipment or processes to operate as anticipated, changes
in project parameters, including water requirements for operations, as plans continue to be refined;
regulatory, environmental and other risks of the mining industry more fully described in the Company’s
Annual Information Form and continuous disclosure documents, which are available on SEDAR at
www.sedar.com. The assumptions made in developing the forward- looking statements include: the
accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other
exploration results; the continui ng support for mining by local governments in Nevada and Utah; the
availability of equipment and qualified personnel to advance the Gold Springs project; execution of the
Company’s existing plans and further exploration and development programs for Gold Sp rings, which
may change due to changes in the views of the Company or if new information arises which makes it
prudent to change such plans or programs.
Readers are cautioned not to place undue reliance on the forward- looking statements contained in this
press release. Except as required by law, the Company assumes no obligation to update or revise any
forward-looking statement, whether as a result of new information, future events or any other reason.
Unless otherwise indicated, forward- looking statements in this press release describe the Company’s
expectations as of March 2, 2017.
TriMetals Mining Inc. Contact:
Ralph Fitch
President & CEO
303.584.0606
Matias Herrero
Chief Financial Officer
303.584.0606