Trio Resources Inc (TRII)

[DragonBear]

2012-13 Drilling Program vs NOW

The various cores assayed yielded up to a best result of 240 oz of silver per ton at a depth of 124 feet, based on an assay performed by Activation Laboratories Ltd. on September 5, 2012

And 2 yrs later, where exactly is the discussion in the 10Ks, and 10Qs on developing this 240 oz/MT play? The ole drill a hole trick, find the mother lode. After that nothing more is ever heard of it.

Activation Laboratories... ooooh yeah, those were the folks who assayed that stuff just laying around on the surface: 4000 MTs of 40 oz/MT material. No need to enrich. Already ground down to 100 mesh size. Just load it onto the truck and ship it. Two years later instead of $3.2M revenue, one has: $0.00 revenue. Of course Duncan had to hire in Golder to re-assay everything in sight Oct 2013. What were the results of those assays? Ah, that's right, Duncan hasn't reported any results. LOL

If I recall correctly, the explanation given on the forum is that this material was perma-frozen to the ground. Even during 2 Canadian summers. Strange PASS to be giving to Duncan.

After that less than thrilling 10Q of 13-Aug with $0.00 Revenue, and net loss of -$264K, Duncan hasn't seen fit to issue even one fluffy pump PR? Isn't it time to drill some holes on the Stairs property - spend that required $300K? That ought to be worth a couple of pump PRs from Duncan.