Tres-Or Update on Fontana and DuvayGold Projects and Financing
Tres-Or Head Office | 1934 – 131 Street | White Rock, B.C. | Canada V4A 7R7
Tel: 604-688-8700 | Fax: 604-688-8884 | www.tres-or.com
NEWS RELEASE
Tres-Or Update on Fontana and DuvayGold Projects and Financing
Vancouver, B.C. – May 9, 201 7 - Tres-Or Resources Ltd. (“Tres -Or”) (TSX -V: TRS , OTCPK:
TRSFF) is pleased to provide an exploration update on the Fontana and Duvay Gold Projects
covering over 8,700 hectares 60 km north of Val-d’Or, Quebec.
Fontana Gold Project, Quebec
Tres-Or has completed the first phase of its Fontana Gold Project drill program. This first part of
the drill program was intended to confirm strong gold mineralization reported from the Hooper and
Bunkhouse Zones based on historical drilling and to extend our understanding of the structural
controls.
Four drill holes totaling 897 m were completed to date. The Hooper and Bunkhouse zones were
intersected in all 4 drill holes. Drill core logging and sampling is underway and results are expected
over the next few weeks and will assist in planning future work on the property . Th is first drill
program was designed to confi rm significant gold mineralization reported in historical drill reports
as well as to enhance understanding of the structural controls. At present, true thickness of the
zones is not known and is the subject of Tres-Or’s investigations.
“We have plans to resume drilling to further define the strong gold mineralization reported from the
Hooper and Bunkhouse zones, and to test other reported priority gold occurrences across the
Fontana Project,” said Laura Lee Duffett, Tres-Or’s President and CEO.
Fontana hosts significant gold mineralization from historical drilling. The Bunkhouse zone appears
to extend 600 m or more from the main Fontana shear southwest past the Hooper zone, based on
reported drilling, surface channel sampling, trenches and bulk s amples. The Hooper zone extends
west and northwest more than 100 m from these same reports. Some of the best reported
intersections from more than 300 historical drill holes at Fontana are from near the intersection of
the Hooper and Bunkhouse zones, inc luding 17.5 g/t Au over 38.1 m (192.9 m to 231.1 m in drill
hole JB200B) and 17.1 g/t Au over 13.7 m (165.6 m to 179.4 m in drill hole JB200) from 1989
drilling.
Tres-Or has a 100% interest in the Fontana Gold Project, subject to underlying royalties . F ontana
can be easily reached by paved and gravel roads including good access to the Fontana shaft and
other workings.
Duvay and Chenier Gold Project, Quebec
Tres-Or optioned to Secova Metals Corp. (“Secova”) the Duvay and Chenier Gold Project s which
surround Fontana. The Duvay and Chenier Gold Project comprises 174 claims (7,76 7 ha) adjacent
to Fontana on all sides. Secova can earn a 65% interest by incurring $3,250,000 in exploration over
a three (3) year period including $750,000 by the end of September 2017 (refer to Tres -Or news
release dated September 15, 2016).
Tres-Or is Operator. Secova management (Brad Kitchen, CEO and Morgan Good, President) are at
the Duvay site this week discussing the 2017 exploration program with the Tres -Or team.
Exploration will include drilling multiple known gold occurrences and high priority targets. “We
are very pleased to have Brad and Morgan on -site at the Duvay project this week to confirm
Tres-Or Head Office | 1934 – 131 Street | White Rock, B.C. | Canada V4A 7R7
Tel: 604-688-8700 | Fax: 604-688-8884 | www.tres-or.com
exploration and drilling plans”, said Laura Lee Duffett, Tres-Or’s President and CEO.
About Duvay:
Visible gold was discovered at Duvay in the late 1930’s. Gold mineralization is associated with the
northwest trending Duvay shear zone and intersecting northeast faults. Historical gold results from
Duvayreturned up to 402 g/t over 0.36m, 76.8 g/t over 0.46m and 34.6 g/t over 0.46m. Drilling and
test pitting by Tres-Or supports this potential, with the best analytical drill results of 83.194 g/t gold
(Au) over 1.0 m and 5.217 g/t Au over 1.0 m as well as 8 other intervals between 0.42 g/t Au and
1.93 g/t Au, for intervals between 1 and 7 m. Small (10 tonne) bulk samples were excavated and
processed by Tres-Or in a test plant built at the Duvay site. The richest pit test (DVP-002) yielded a
sample grade of 0.77 g/t Au from 10 tonnes, with concentrate values averaging 369.43 g/t Au
(Duvay Property Technical 43-101 Report, October 31, 2012).
Financing
Tres-Or has completed a private placement for $115,000 by the issuance of 2,300,000 units at a unit
price of $0.05 (the “Offering”), subject to TSX Venture Exchange approvals. Each unit will consist
of one common share and one additional common share warrant for a period of two years from
issuance at an exercise price of $0.08 per common share. The share issuance is subject to a four
month hold period expiring on September 9, 2017.
In addition, shareholders of Tres -Or have exercised 600,000 warrants at $.0.05 for proceeds to the
Company of $30,000.
Proceeds from the private placement and warrant exercis e will be used to advance the Company’s
gold and diamond assets located in the Abitibi-Témiscamingue regions of northwestern Quebec and
for general corporate purposes.
Laura Lee Duffett, P.Geo. , a qualified person as defined in N ational Instrument-43-101, has
reviewed and is responsible for the information presented in this news release.
On behalf of the Board of Directors
Laura Lee Duffett
President and CEO
For further information:
Contact: Dominic Spedaliere - Corporate Communications: Ph: 604-688-8700
Dean Claridge – Business Development: Ph: 604-880-1865
Email: [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.
About Tres-Or Resources Ltd.:
Tres-Or Resources Ltd. (TSX Venture: TRS) is a Canadian resource compan y focused on exploring for
gold, base metals and diamond resources in the Abitibi-Témiscamingue regions in northwestern Quebec.
Additional information related to the Company is available at: www.tres-or.com .