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The airborne geophysical survey will cover the entire Kasagiminnis and Pickle Lake East gold properties. The survey will assist in the identification of mineralized structures that control the known gold mineralization on the properties. The third, Dorothy-Dobie Lake Property, also in Pickle Lake was flown in 2007 by Trillium.
Trillium was further informed that field programs are currently being developed to follow up on the known gold occurrences located on all three properties including the Dobie West and Tonsil Lake Zones drilled by Bond Gold (now Barrick) in the late 1980's that are thought to represent the strike extension of the past producing Golden Patricia Mine.
Manicouagan can earn up to a seventy percent interest in three gold exploration properties in the Pickle Lake Area, Ontario, by spending $2.5 million dollars in exploration and paying all remaining option payments to the underlying vendor.
In announcing the agreement (see NR April 16, 2009), Manicouagan noted the Pickle Lake Properties consist of three noncontiguous claim groups known as the Pickle Lake East Property, the Kasagiminnis Property, and the Dorothy-Dobie Lake Property. Collectively the properties cover an area of approximately 7741 hectares or 77.41 square kilometres. The properties are located in the Pickle Lake Greenstone Belt, which is part of the prolific Uchi Geological Subprovince having historically produced over 30 million ounces of gold. The Pickle Lake area includes four past producing mines: Golden Patricia (0.45Moz at 19.9 gpt Au), Dona Lake (0.21Moz at 8.6gpt), Central Patricia (0.65Moz at 12.0gpt) and Pickle Crow (1.45Moz at 16.1gpt).
The Pickle Lake East Property adjoins the past producing Pickle Crow Property that is currently being evaluated by PC Gold Inc. The claims were acquired by Trillium to cover what is believed to be an area hosting the possible extension of the gold bearing trend that includes the Central Patricia and Pickle Crow Mines.
The Dorothy-Dobie Lake Property covers the northwest extension of the gold bearing structure that hosts the past producing, high grade, Golden Patricia Mine and includes several gold prospects which contain non NI 43-101 compliant gold resources. Drilling in late 2007 by Trillium to test for the extension of the Golden Patricia Vein returned values including 153.5 grams per tonne gold (4.48 ounces per ton) over a drilled width of 0.43 metres (see Trillium North Minerals Ltd. Press Release dated December 19. 2007).
Previous work on the Kasagiminnis Property has outlined a gold bearing iron formation with a strike length of over 500 metres. Historical drill results included: 19.9 grams per tonne gold over 1.4 metres and 48.0 grams per tonne gold over 1.3 metres from hole KAS-87-6. These results are based on public records and have yet to be verified by a Qualified Person on behalf of Manicouagan.
Mr. Bruce Mackie, P.Geo., of Bruce Mackie Geological Consulting Services has reviewed and verified the technical content of this press release on behalf of Manicouagan and is a "Qualified Person" as defined in National Instrument 43-101.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements." All statements other than statements of historical fact included in this release, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Trillium, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Trillium expectations are exploration risks, commodity prices, assumed startup and operating costs detailed herein and from time to time in the filings made by Trillium with securities regulators.
ON BEHALF OF THE BOARD
Elliot Strashin, President
TRILLIUM NORTH MINERALS LTD
500 - 20 Maud St., TORONTO
Ontario, CANADA M5V 2M5
Telephone: (416) 504-0077 Fax: (416) 504-6019
www.trilliumnorth.com
402 - 905 West Pender Street, VANCOUVER
British Columbia, CANADA V6C 1L6
Telephone: (604) 681-1909 Fax: (604) 689-5930
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.
Source: Trillium North Minerals Ltd
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