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What is the next significant event coming to trelawney? financials? Results? Sales? Would be nice to look at the calendar and see a distance marker for pps rise...
Exactly. I just get a bit impatient at times..haha
give it time, remember 2.40 target right?
We need to bust above .80 and stay above that point imo.
The market will open one day and we will be at the valuation Jennings Capital set for us.
I agree. Management is doing all they can at this point in time imo.
Now is a great time for trelawney to hit it big in one of their drill spots.
The chester property is our largest
Financials that were received for the first quarter...
http://www.trelawneymining.com/pdfs/March%2031_2010_MDA.pdf
The Chester Project is located in Ontario between Sudbury and Timmins just off highway 144. The town of Gogama is 20 km to the northeast. Geologically, the project sits at the southeastern tip of the SWAYZE Archean Greenstone Belt. It has also been interpreted to be a southwestern extension of the very productive Abitibi Greenstone Belt to the northwest. There is a Proterozoic cover of sediments which may be masking a possible link to this belt. Trelawney’s Chester Project is close to a major regional fault located just to the north of the project which appears to be a southwestern extension of the Cadillac-Larder Lake Fault Zone which runs through the Kirkland Lake area. The Destor Porcupine Fault Zone is a similar fault zone which runs through the gold deposits of the Timmins area. These large regional faults are in close proximity to some of Canada’s most productive gold camps with more than 68 Million ounces in the Timmins Camp and 42 million ounces in the Kirkland Lake district.
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 Twenty kilometres southwest of Gogama Ontario. Access is provided by hwy#144, the main Sudbury - Timmins route and via 9km of bush road off this major highway. The area offers excellent infrastructure and good supply of skilled labour throughout the region.
The bulls started kicking it in high gear at the end of the day.
I agree yoda. The potential here is huge.
I called the company and it sounds to me like everything is on schedule.
The chart is oversold on the daily and weekly chart
We should stay above .70
Another big PR could hit the wire anytime IMO
I've got a total 74,262 shares
Results released from the deposit to date are from four sections (92E to 95E),
spaced 100 metres apart. The mineralization has been traced to depths of 350
metres, and on the most drilled section, 93+00E, it has a width of at least 400
metres in section. The wide zones of low grade gold +/- copper mineralization
are associated with brecciated intermediate to felsic, and locally mafic
intrusive rocks. Mineralization occurs in the form of disseminated and fracture
controlled sulfides which generally correlate to the gold values. Visible gold
is commonly observed. The zones are bleached with the prevalent alteration being
feldspathic and chloritic. Carbonate content in the breccia is quite limited
(small rare veins). Structure associated with the gold mineralization is limited
to brecciation with a lack of penetrative foliation. The mineralization and
alteration envelope associated with this system remains open to the north at
depth, to the south and along strike.
The buys verse sells was 2 to 1 on friday.
http://ih.advfn.com/p.php?pid=trades&symbol=TSX:TRR&java_vm=sun&java_vm_ver=1.6.0_20
Bid and ask are already above friday's close.
Trelawney Management
http://www.trelawneymining.com/management_and_directors.php
Trelawney Updated their website...
http://www.trelawneymining.com/
RSI Increasing.
Better buy in now before it really takes off
Good Morning Everyone. We need some big buys to start coming in.
The chart's main support is at .70
Good Point. They control when and when not to drill/mine. It will definately create for a higher profit margin.
you would think, and control their own destiny, not be at the mercy of a drilling company say.
I think it was good as well. I've never mined before, just invest in mining companies. This is a good chart play and management seems to have their heads screwed on straight. That alone helps investors. I also know they just purchased equipment for the mining process, could that cut down costs?
Trelawney Intersects 202.50 Metres of 0.87 g/t Gold on 100-Metre Step-Out at the Cote Lake Deposit
Trelawney Mining and Exploration Inc. (the "Company") (TSX VENTURE:TRR)
announces additional drill results from the Cote Lake Deposit on the Chester
Project located halfway between Timmins and Sudbury in northern Ontario.
Highlights of the drilling program include:
-- Hole E10-15 - 50.75 metres of 0.71 g/t gold
-- Hole E10-16 - 202.50 metres of 0.87 g/t gold
-- Hole E10-17 - 13.50 metres of 5.15 g/t gold
-- Hole E10-18 - 36.0 metres of 1.27 g/t gold
-- Hole E10-19 - 115.00 metres of 0.71 g/t gold
The results being reported are from the Cote Lake Deposit located about 1
kilometre southwest and along strike of the former Young Shannon gold mine
(Chester 2 Deposit). The holes are located on two different sections. The first
three holes (E10-15, E10-16 and E10-17) are located on section 95+00E located
200 metres east of the discovery section. The additional two holes (E10-18 and
E10-19) are located on section 92+00E and are overcuts of holes previously
reported on May 17, 2010. The spacing between drill holes on each section varies
from 50 to 75 metres.
Results released from the deposit to date are from four sections (92E to 95E),
spaced 100 metres apart. The mineralization has been traced to depths of 350
metres, and on the most drilled section, 93+00E, it has a width of at least 400
metres in section. The wide zones of low grade gold +/- copper mineralization
are associated with brecciated intermediate to felsic, and locally mafic
intrusive rocks. Mineralization occurs in the form of disseminated and fracture
controlled sulfides which generally correlate to the gold values. Visible gold
is commonly observed. The zones are bleached with the prevalent alteration being
feldspathic and chloritic. Carbonate content in the breccia is quite limited
(small rare veins). Structure associated with the gold mineralization is limited
to brecciation with a lack of penetrative foliation. The mineralization and
alteration envelope associated with this system remains open to the north at
depth, to the south and along strike.
The expansion and exploration drill program continues with two rigs defining the
extent of the Cote Lake deposit and a third rig exploring other targets on the
1,700 hectares (4,200 acre) Chester Property.
Greg Gibson, Trelawney's President and CEO commented, "We continue to be very
encouraged by the results from the Cote Lake area. The additional five drill
holes reported today have expanded the mineralization on section 92E and
confirmed similar mineralization on a new section 100 metres to the east of the
known zone. With each drill hole we are growing more and more confident that
Cote Lake will develop into a large tonnage, open pitable gold deposit. Together
with our Chester 1 and 2 underground high grade projects Trelawney is on target
to rapidly become a mid-tier gold producer. We will continue to aggressively
explore and expand Cote Lake while moving our underground projects forward."
Cote Lake Deposit Drilling Results:
----------------------------------------------------------------------------
Gold Copper Gold
Hole From To Length (g/t) (%) Au cut Grade (Oz/t)
-------- -------------------------
(m) (m) (m) uncut cut to 50g/t(i) uncut
----------------------------------------------------------------------------
E10-15 153.00 203.25 50.75 0.71 0.05 0.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------
E10-16 32.51 33.85 1.34 5.98 0.18
----------------------------------------------------------------------------
57.00 62.35 5.35 0.71 0.02
----------------------------------------------------------------------------
105.50 106.00 0.50 6.47 0.19
----------------------------------------------------------------------------
134.50 337.00 202.50 0.87 0.03 0.86 0.03
----------------------------------------------------------------------------
----------------------------------------------------------------------------
E10-17 47.00 112.00 65.00 0.38 0.01 0.01
----------------------------------------------------------------------------
181.50 274.00 92.50 0.31 0.01
----------------------------------------------------------------------------
303.50 317.00 13.50 5.15 0.04 0.15
----------------------------------------------------------------------------
----------------------------------------------------------------------------
E10-18 10.17 11.00 0.83 6.04 0.01 0.18
----------------------------------------------------------------------------
55.00 139.00 84.00 0.69 0.02 0.02
----------------------------------------------------------------------------
incl 55.00 91.00 36.00 1.27 0.04
----------------------------------------------------------------------------
330.00 333.10 3.10 2.43 nil 0.07
----------------------------------------------------------------------------
E10-19
----------------------------------------------------------------------------
17.00 132.00 115.00 0.71 0.01 0.02
----------------------------------------------------------------------------
148.42 175.81 27.39 0.33 nil 0.01
----------------------------------------------------------------------------
306.00 307.00 1.00 1.13 0.03
----------------------------------------------------------------------------
Notes:
- True widths of intersections are unknown at this time
(i) Only interval with assays cut to 50 g/t gold are shown
Intervals are graded with a lower cut of 0.40 g/t with internal waste and
low grade material within graded zones of up to 20 metres in length.
----------------------------------------------------------------------------
Sections of the drill holes for which assays are reported are attached herewith
and posted on Trelawney's website (www.trelawneymining.com).
Trelawney Mining and Exploration has implemented a Quality-Control, Quality
Assurance program to ensure best practice principals are being applied in the
sampling and analysis of the drill core. Samples are crushed to -8 mesh then a
1,000 gram subset of each sample is pulverized to 90% passing -150 mesh. Assays
have been completed using a standard fire assay with a 30 gram aliquot and an AA
finish. For samples that return values of between two to five grams per tonne
gold, another pulp is taken and fire assayed with a gravimetric finish. Samples
returning values greater than five grams per tonne are re-analyzed by pulp
metallic analysis. 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, Exploration for Trelawney Mining and
Exploration, a Qualified Person under NI 43-101, has prepared or supervised 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.
What did you think of today's news? I know it is good, but I did not think it was economically feasible to mine gold under 2 oz/t?
Thanks for getting back so quick
Danno
Instead of everyone bid sitting, they really need to slap the ask a few times.
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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
-----------------------------------------------------------
Drill Hole From (m) To (m) Length (m) Grade (g/t Au)
-----------------------------------------------------------
JR10-01 36.10 36.40 0.30 5.37
-----------------------------------------------------------
JR10-01 49.83 50.15 0.32 10.44
-----------------------------------------------------------
JR10-01 50.15 99.70 49.55 1.08
-----------------------------------------------------------
JR10-02 31.40 31.90 0.50 1.21
-----------------------------------------------------------
JR10-03 results pending
-----------------------------------------------------------
JR10-04 10.66 10.96 0.30 4.33
-----------------------------------------------------------
JR10-04 25.06 27.51 2.45 3.70
-----------------------------------------------------------
incl 25.06 26.58 1.52 5.29
-----------------------------------------------------------
JR10-05 53.70 57.40 3.70 10.69
-----------------------------------------------------------
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.
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