Tres-OR and Kiboko Provide an Update ON the Fontana GOLD Project
Tres-Or Head Office: 1934 - 131 Street | White Rock, B.C. | Canada V4A 7R7
Tel: 604-541-8376 | Fax: 604-541-8926 | www.tres-or.com
NEWS RELEASE
TRES-OR AND KIBOKO PROVIDE AN UPDATE ON THE FONTANA GOLD PROJECT
Vancouver, B.C. – July 9, 20 20 - Tres-Or Resources Ltd. (TSX -V: TRS) ( “Tres-Or” or the
“Company”) and Kiboko Exploration Inc. (“ Kiboko”) are pleased to provide an update on the
Fontana Gold Project located near Amos, Québec, in the heart of the Québec-side of the prolific
Abitibi gold belt.
Year 1 of Fontana Option Overview
Tres-Or is pleased to report that Kiboko has satisfied the $250,000 firm work commitment
required in the first year of the Fontana Option Agreement. Amongst other activities, Kiboko:
- Staked additional mineral claims that expanded the project’s contiguous land package to
more than 100 km2;
- Completed a massive historic data compilation and verification pro cess, which included
the review of more than 200 technical reports generated by more than 80 operators
between 1934 and 2017, digitized data from more than 1,200 drill holes totaling more
than 183,000 metres of drilling over that period;
- Located many historic collars and surveyed them with differential GPS to determine
precise locations; and
- Developed new structural and grade-tonnage models for the Fontana Project to guide
future exploration activities.
Kiboko reports that it is in the process of completing the detailed design for a drill program that
will evaluate the project using coarse gold specific drilling, sampling, and assaying techniques.
Kiboko confirms they will continue making payments to Tres-Or as required under the Option.
About the Fontana Gold Project
The Fontana Gold Project is located near Amos, Québec in the heart of the prolific Abitibi gold
belt. In 2019 and 2020, the Fontana Project was expanded to include the Company’s Duvay and
Chenier gold project areas, and additional land was staked to increase the project to more than
100 km2 of prospective terrain, creating a district-scale gold exploration opportunity.
About the Fontana Option Agreement
Kiboko can earn an initial 65% interest in the Company’s interest in the Fontana Gold Project by
making cash payments or subscribing for securities of Tres-Or totaling $1 million over four years
and preparing a Technical Report in accordance with National Instrument 43 -101 that
establishes a minimum mineral resources of 1 million ounces of contained gold (Inferred
classification or higher ) or incurring expenditures of $4 million on the Fontana Gold Project by
the fourth anniversary of the Option Agreement. If Kiboko elects to not fo rm a joint -venture,
Kiboko may earn up to a 90% interest in the Fontana Gold Project by incurring an additional $2
million of expenditures or completing a Preliminary Economic Assessment by the sixth
anniversary of the option agreement. For additional details, please refer to the Company’s June
11, 2019 and July 9, 2019 news releases.
Tres-Or Head Office: 1934 - 131 Street | White Rock, B.C. | Canada V4A 7R7
Tel: 604-541-8376 | Fax: 604-541-8926 | www.tres-or.com
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This news release was prepared under the supervision of Laura Lee Duffett, P.Geo., President
and Chief Executive Officer of Tres-Or, in h er capacity as a Qualified Person under National
Instrument 43-101.
About Tres-Or Resources Ltd.
Tres-Or Resources Ltd. (TSX -V: TRS) is a Canadian resource company focused on exploring
for diamond resources in the Témiscamingue region of Québec. The Company also has
exposure to the Fontana gold project in the Abitibi region of Québec , which is optioned to
Kiboko Exploration Inc. Additional information related to the Company is available on SEDAR
and on the Company’s website (www.tres-or.com).
On behalf of the Board of Directors
“Laura Lee Duffett”
Laura Lee Duffett, P.Geo.
President and CEO
For further information:
Laura Lee Duffett, President & CEO: +1 (604) 541-8376 – [email protected]
Website: 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.
Forward-Looking Statements
This news release contains projections and forward -looking information that involve various
risks and uncertainties, including, without limitation, statements regarding the potential extent of
mineralization, resources, reserves, exploration results and plans and objectives of the
Company. These risks and uncertainties include, but are not restricted to, the early stage
development of the Company and its projects; general business, economic, competitive, political
and social uncertainties; capital market conditions and market prices for securities, junior market
securities and mining exploration company securities; commodity prices , the amount of
geological data available, the uncertain reliability of drilling results and geophysical and
geological data and the interpretation thereof and the need for adequate financing for future
exploration and development efforts. There can be no assurance that s uch statements will
prove to be accurate. Actual results and future events could differ materially from those
anticipated in such statements. These and all subsequent written and oral forward -looking
statements are based on the estimates and opinions of ma nagement on the dates they are
made and are expressly qualified in their entirety by this notice. The Company assumes no
obligation to update forward -looking statements should circumstances or management's
estimates or opinions change.