TriMetals samples up to 14.4 g/t Au at Homestake

Nov 16, 2017

2017-11-16 08:18 ET – News Release

Mr. Ralph Fitch reports

TRIMETALS MINING INC. REPORTS INITIAL SAMPLE RESULTS FROM THE NEWLY LEASED HOMESTAKE CLAIMS

TriMetals Mining Inc. has provided the results from a first round of rock chip sampling collected on the newly leased Homestake claims which are located one kilometre east of its Grey Eagle resource block and approximately four km northwest of the Jumbo resource area where the company has been drilling in 2017. Sampling was conducted on two stacked, 2-4 metre-wide, westward dipping, banded quartz veins that are controlled by a major N-S fault structure that runs the length of the 1.8 kilometre long claims. The veins are well exposed for 65o metres along strike in historic mine cuts and as outcrops before they are lost under post mineral cover. The host rocks to the veins are oxidized andesites that have been hydrothermally brecciated and contain stockwork quartz veining. This mineralized wallrock material extends for up to 400 metres east-west, surrounding the veins, before disappearing under post mineral cover. This forms a target that is at least 1.8 km long and 400 metres wide and may continue further south onto TMI landholdings outside of the Homestake lease.

The highest grades occur in the quartz veins with strong gold and silver mineralization occurring in the host rock as well. Examples are shown below:

 Sample #Sample Type and WidthDescription Au g/tAu ReAssay g/tAg g/tAg ReAssay g/t
140512  continuous, 4m       vein            4.2           4.5           46.7  44.8          
140525  continuous, 40cm     vein          >10.0          11.5          12.8                
113107  Panel, 1x1m          vein          >10.0          13.9          51.1  47.9          
113109  continuous, 1m       vein          >10.0          14.4          48.3  48

Ralph Fitch, President and CEO of the Company stated “TriMetals is very excited about these results which show that good grades occur throughout the entire length of the exposed veins. It is also very important from a resource development perspective that the mineralization extends out a significant distance on each side of the major vein features creating a large volume of mineralized material. This will clearly be one of our priority drill targets moving forward. On another note we are now starting to get assay results back from the remainder of our Jumbo drill program and expect to be able to report these results within a couple of weeks.”

Higher grade gold mineralization has now been found along the entire exposed 650m length of the two stacked veins which have widths of 2-4 metres each. The vein system has the potential to continue under the post mineral cover following the N-S fault that controls it and extend the entire 1.8 kilometer length of the property. Mineralized breccia and stockwork outcrops are found in windows within this post mineral cover confirming this potential.

The Homestake boarders the historic Iris Mine area, which is located immediately to the west, where high grade gold is hosted in an eastward dipping vein, creating the potential of an intersection of the east dipping Iris vein and the west dipping Homestake vein systems at depth. Intersections of important vein systems are good targets for mineralization.

The following tables list samples from the veins and the surrounding wallrock. Samples were taken across the width of the two veins along the exposed strike length. These results demonstrate that high grades are found along the full exposed 650 metre strike of the two stacked veins with gold values ranging from 1.4 g/t to 14.4 g/t Au, and silver values reaching 55.8 g/t Ag. The brecciated and stockwork-veined host rocks that form the wallrock to the veins are also mineralized with gold values ranging from 0.29 g/t to 1.6 g/t Au and up to 68.1 g/t silver.

Homestake Vein Samples:
 Sample #Sample Type and WidthDescriptionAu g/tAu ReAssay g/tAg g/tAg ReAssay g/t
140512  continuous, 4m       vein       4.2   4.5           46.7  44.8          
140513  grab, 12cm           vein       3.6   4.0           26.7  21.6          
140516  grab, 20cm           vein       3.5   3.7           26.8  24.8          
140518  continuous, 0.5m     vein       7.3   7.7           55.8  34.4          
140519  continuous, 2m       vein       2.7                 13.9                
140520  Select, 20 cm        vein       1.4                 7                   
140521  continuous, 1m       vein       4.4   4.3           24.4  24.6          
140522  continuous, 1m       vein       3.8   3.8           41    41.7          
140523  grab, 20cm           vein       0.73                5.4                 
140525  continuous, 40cm     vein       >10.0 11.5          12.8                
140531  continuous, 7cm      vein       4.6   4.5           12.4                
140534  continuous. 0.7m     vein       9.1   8.5           20.3  10.0 10.5          68    60.4          
140498  Continuous, 1m       vein       0.39                1.6                 
140499  Dump                 vein       8.9   8.8           35.5  27            
113101  Continuous, 2m       vein       1.9                 25.9  26            
113101  Continuous, 2m       vein       1.9                 25.9  26            
113103  Float, 2x2m area     vein float 3.5   3.3           21.1  10.0 13.9          51.1  47.9          
113109  continuous, 1m       vein       >10.0 14.4          48.3  48            
113111  Select, 20cm         vein       0.29                3.3                 
113115  Dump                 vein       2.7                 12.7                
113116  Float, 3x3m area     vein float 2.8                 16.2                
113144  Dump                 vein       1.1                 9.3                 
113145  Dump                 vein       0.98                7.3                 
113164  Discontinuous, 15cm  vein       7.9   7.3           10.1                
113167  Continuous, 0.5m     vein       0.32                2.0                 
113168  Continuous, 0.5m     vein       5.3   5.5           7.2                 
113174  Continuous, 40cm     vein       0.24                2.3                 
113175  Select, 20cm         vein       0.30                3.4                 
113178  Continuous, 2m       vein       0.97                4.6

Homestake Wallrock Samples of Breccias and Stockwork Zones:
 Sample #Sample Type and WidthDescriptionAu g/tAg g/tAg ReAssay g/t
140517  grab, 40cm           breccia    0.84  2.1                 
140500  Dump                 breccia    0.92  31.7  30.4          
113102  Grab, 20cm           breccia    0.29  44.6  42.8          
113133  Discontinuous, 1m    breccia    1.6   68.1  65.6          
113173  Continuous, 0.5m     breccia    0.39  3.0                 
113177  Grab, 15cm           breccia    0.43  3.9                 
113182  Grab, 20cm           stockwork  2.4   9.9

About TriMetals Mining Inc.

TriMetals Mining Inc. is a growth focused mineral exploration company creating value through the exploration and development of the near surface, Gold Springs gold-silver project in mining friendly Nevada and Utah in the U.S.A. and by demonstrating the exploration potential at the very large Escalones copper-gold porphyry deposit in Chile.

The Company’s approach to business combines the team’s track record of discovery and advancement of large projects, key operational and process expertise, and a focus on community relations and sustainable development. Management has extensive experience in the global exploration and mining industry.

Qualified Person

The Qualified Person on the Gold Springs property is Randall Moore, Executive Vice President of Exploration {A } North America of TriMetals Mining Inc. and he has reviewed and approved the content of this press release.

Assay Method

TMI Assays were performed in Sparks, Nevada by Bureau Veritas Mineral Laboratories, an ISO 9001:2000 Certified laboratory. Gold was analyzed by fire assay of a 30-gram sample with an AAS finish with samples showing re-assay results using a 30-gram sample and a gravity finish. All other elements were analyzed by a four acid leach ICP method coded MA300. Silver re-assay results are done by a 30-gram fire assay, and a gravity finish.

We seek Safe Harbor.

http://www.trimetalsmining.com/news/2017-news/