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TORONTO, ONTARIO--(Marketwire - Feb. 22, 2010) - Trelawney Mining and Exploration Inc. (the "Company") (TSX VENTURE:TRR) announces the initial results from the diamond drilling program on the Chester 3 Zone of its Chester Property, Swayze Greenstone Belt, located between Timmins and Sudbury in northern Ontario. Trelawney is reporting on 4 of the 12 diamond drill holes currently completed on the Chester 3 Zone where drilling has confirmed the gold mineralization reported by previous operators. The Chester 3 Zone is located 1 km north of the Chester 1 Zone where the Company is preparing to de-water and carry out an advanced exploration program and 2.5 km east-northeast of and along strike with the Chester 2 Zone (see attached map).
Trelawney's drilling has intersected gold mineralization associated with quartz veining, along with pyrite and chalcopyrite sulfide mineralization within a sheared quartz diorite. This diorite is part of the larger granodiorite intrusive complex that hosts the majority of gold mineralization in the Chester township area. Trelawney's land package covers the majority of this intrusion. Several additional holes are planned on this zone. Significant results received to date from the Chester 3 Zone drilling program are provided in the following table.
Chester 3 Zone Drilling
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Drill Hole From (m) To (m) Length (m) Grade (g/t Au)
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JR10-01 36.10 36.40 0.30 5.37
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JR10-01 49.83 50.15 0.32 10.44
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JR10-01 50.15 99.70 49.55 1.08
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JR10-02 31.40 31.90 0.50 1.21
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JR10-03 results pending
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JR10-04 10.66 10.96 0.30 4.33
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JR10-04 25.06 27.51 2.45 3.70
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incl 25.06 26.58 1.52 5.29
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JR10-05 53.70 57.40 3.70 10.69
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True widths of intersections are unknown at this time.
Mr. Greg Gibson, Trelawney's President commented, "This drilling confirms the historical reports of gold mineralization in the Chester 3 Zone. Mineralization defined in this part of the property could easily be developed from the current ramp located at the Chester 1 Zone where we are in the final stages of permitting for an advanced exploration program. We are encouraged by the significant exploration results generated to date on both the Chester 3 gold vein targets and the Chester 2 SW Zone large tonnage targets."
Elsewhere on the property drilling continues on the Chester 2 SW Zone with a total of 10 drill holes completed to date. This drilling is designed to determine the geometry and extent of this new zone of mineralization. Additional assay results from this ongoing drilling program will be released as they become available to Trelawney. A third drill has been added to the Chester drilling program to aid in completing certain holes prior to spring break-up.
A map indicating the location of drilling and the main mineralized zones on the Chester Project is attached.
Trelawney has implemented a quality-control, quality assurance program to ensure best practice in the sampling and analysis of the drill core. Assays have been completed using a standard fire assay with a 30 g aliquot and an AA finish. Samples with assay results above 5.0 g/t are re-analyzed using a gravimetric finish. NQ size drill core is saw cut and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags to the Accurassay prep lab in Sudbury, Ontario by Trelawney personnel. Accurassay is an ISO/IEC 17025 certified Laboratory by the Standards Council of Canada. In addition to quality assurance controls at the laboratory, blanks and certified standards have been inserted into the sample stream at random intervals.
David Beilhartz, Vice President of Exploration for Trelawney, a Qualified Person under National Instrument 43-101, has prepared or reviewed the scientific or technical information for the property and verified the data disclosed in this press release.
Trelawney is a Canadian junior mining and exploration company with a strategic focus on "Quality Ounce" gold deposits. The Company's current focus is directed towards the development and continued exploration of its newly acquired Chester Project, located in Chester Township 20 kilometres southwest of Gogama, Ontario.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
To view map, please click on the following link:
http://media3.marketwire.com/docs/ChesterProject.pdf
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Greg Gibson
President and CEO
416-361-2826
ggibson@trelawneymining.com
www.trelawneymining.com
Share structure:
Common Shares O/S: 65,358,691
Warrants: 17,276,029
Options: 5,825,000
Fully Diluted:88,459,720 (As of February 5, 2010)
Contact Information:
Trelawney Mining and Exploration Inc.
130 Adelaide St. West, Suite 2700,
Toronto, ON, Canada M5H 3P5
Tel: 416-363-8567 416-363-8567
Fax: 416-364-5400
Email: dreid@trelawneymining.com
Web: www.trelawneymining.com
Greg Gibson, President and CEO, Director
Greg Gibson is a 30 year veteran of the mining industry having worked as a mine manager in gold and copper mines in Australia, a nickel mine in Timmins, Ontario and a gold mine in British Columbia. Mr. Gibson has worked for JS Redpath in Canada and the USA, Dynatec Mining Ltd. in Canada and the USA, Yilgarn Star Gold Mine in Australia and Copper Mines of Tasmania in Australia.
Andres Tinajero, CFO
Andres Tinajero is a Certified Management Accountant with 13 years experience in financial management focused on the areas of cost accounting, cost analysis, budgeting and financial strategy. He has worked for major organizations in North America, including his most recent position as Controller for LaFarge Canada, a $19 billion dollar construction company focused in aggregates, cement, asphalt and ready-mix operations. Mr. Tinajero holds an MBA and a BA in Finance.
Dave Bielhartz, VP Exploration
David Bielhartz, Bsc. P.Geo. is a Professional Geologist with more than 25 years experience in mineral exploration throughout Canada. He graduated in 1984 from Laurentian University with an Honors Bachelors of Science degree in Geology and is a member of the Professional Geoscientist Association of Ontario. He has been involved with several senior and junior mining companies as an employee and consultant conducting and supervising exploration activities for gold, nickel-copper-PGE's and base metals, most recently as Vice President, Exploration for Lake Shore Gold Corp. and Chief Geologist for Holmer Gold Mines. During his career, he has been associated with the discovery, definition and development of two significant gold deposits including the discovery and definition of the Timmins West gold deposit.
Gary Nassif, Manager Exploration Services
Gary Nassif, M.Sc., P.Geo., a Professional Geologist with 17 years experience in mineral exploration, holds an M.Sc. in Geology from McGill University and a B.Sc. in Geology from Concordia University. He is a registered member of the Association of Professional Geoscientists of Ontario. Gary has managed exploration projects on Ni-Cu-PGE, gold, uranium and alluvial diamond properties in Ontario, Nova Scotia and French sub-saharan Africa. Gary formerly served as Vice-President Exploration for a private uranium explorer and as Exploration Manager for a TSXV-listed exploration company.
Charlotte May, Corporate Secretary
Charlotte has over 20 years experience gained in the institutional brokerage industry and the oil and gas and junior industrial sectors. Charlotte provides consulting services to a number of junior resource companies in the areas of investor relations, marketing and public company administration.
