Tri Origin, Triako encouraged down under

An initial round of drilling by Sydney, Australia-based Triako Resources on Tri Origin Exploration‘s (TOE-V) Overflow property, 500 km northwest of Sydney, has returned some encouraging gold-silver intersections.

The 8-hole, 1,844-metre drilling program was centred near the past producing Overflow mine. The first 5 holes were 30-50-metre step-outs from a 1995 hole that cut 5.6 metres running 7.5 grams gold, 60 grams silver per tonne, 5% lead and 11.9% zinc.

The holes were highlighted by hole 1, which encountered 5 metres grading 7.6 grams gold, 36 grams silver, 0.12% copper, 2.2% lead and 5.1% zinc. Three other holes yielded 1-metre intervals running between 0.5 and 4.7 grams gold, 13 and 27 grams silver, 0.1 and 0.3% copper, 0.5 and 1.5% lead, and 0.6 and 3.9% zinc. One hole was abandoned. The holes targeted depths between 139 and 225 metres.

The remaining 3 holes were drilled 250 to 300 metres to the south below the Main shaft, and are highlighted by:

• TBB 6 – 7 metres (from 165 metres below surface) grading 1.5 grams gold, 132 grams silver, 0.13% copper, 0.6% lead, and 1.6% zinc;
• TBB 7 – 3 metres (from 220 m) running 0.86 gram gold, 116 grams silver, 0.02% copper, 0.3% lead, and 0.9% zinc; and
• TBB 8 – 7 metres (from 198 m) of 1.7 grams gold, 135 grams silver, 0.04% copper, 0.5% lead, and 1.35% zinc, plus a lower 2-metre interval (from 238 m) running 19.2 grams gold, 50 grams silver, 0.9% copper, 4% lead, and 4.7% zinc.

Triako can earn a 70% stake in the property by spending A$1 million on exploration or by delineating a commercially viable resource over the next 4 years.

The property, which is host to several gold and base metal occurrences, is wholly owned by Tri Origin’s 91%-owned Australian subsidiary.

Triako plans on following up on the latest results.