Tri-River commences adit exploration of massive sulphide target at its Lianlong Poly-metallic project, China
VANCOUVER, July 14 /CNW/ – Tri-River Ventures Inc. (TSX-V: TVR) is pleased to report that the 2009 exploration program has begun at its Lianlong Poly-metallic Mineral Property (“Lianlong Property”) in Sichuan province, China. The initial program is designed to intercept potential mineralization at two identified mineralized zones (Zones I & II), and to test the continuity of mineralization to approximately 60 meters below surface, where significant high grade intercepts of massive sulphides were exposed by surface trenching. There are at least two other sub-parallel zones (Zones III and IV) that the company has identified for further exploration work. The company plans to follow up the results of the adit program with targeting drilling to delineate the potential mineral deposits.
Road access to the property was only completed last year with the completion of a 42km access road to the property, and the construction of an onsite exploration camp. The new road has enabled the company to commence initial exploration in 2008 consisting of an 80m underground adit at Zone I, and geophysics survey using induced polarization and resistivity methods, with 30 cross-sections spaced 40 meters apart along strike of Zones I, II and III. The company completed exploration financing in 2008 and is now positioned to advance the Lianlong project with focused exploration efforts in 2009.
The Lianlong Property covers an area of 8.87 km(2) located at the prolific Three River Mineralization Belt on the eastern edge of the Tibetan Plateau. The project was first identified by Tri-River’s management in 2007 at the same time when one of China’s largest base metal miners – Western Mining Corp. completed the construction of its large-scale Gacun lead/zinc/silver mine about 60 km north of Lianlong property and brought it into production. Gacun mine is one of the largest and most profitable mines for Western Mining Corp. Historical exploration work on the Lianlong Property uncovered four steeply dipping zones of mineralization containing values in copper, silver, lead, and zinc. Widely spaced surface trenching along the four mineralized zones indicated potentially economic grades, especially in Zone I, which has been traced for 440 meters along strike. Assay results from four trenches along strike at Zone 1 were reported to contain 13.2 meters (approximate true width) averaging 1.04% copper, 61.0g/t silver, and 2.48% combined lead and zinc. For details, refer to a National Instrument 43-101 compliant technical report on the Lianlong Property filed by Tri-River on SEDAR.
Jiemin Wu, Vice-President of Exploration, will direct onsite activities at the Lianlong Property and Peter Folk, P.Eng. will oversee the current exploration program. Mr. Peter Folk is a “Qualified Person” as defined by National Instrument 43-101.
Tri-River is a Canadian based exploration company focused on acquisition and exploration of mineral properties. The Company is currently exploring its 95% owned Lianlong mineral property in Sichuan province, China. Tri-River’s shares are listed on the TSX Venture Exchange under the symbol TVR.
This press release contains forward-looking statements based on current expectations. Forward-looking statements entail various risks and uncertainties that could cause actual events or results to differ materially from those reflected in forward-looking statements. Risks and uncertainties about Tri-River’s business are more fully discussed in Tri-River’s disclosure materials under the heading “Risk Factors” and elsewhere in Tri-River’s MD&A, Financial Statements and other periodic filings with Canadian securities regulators and on SEDAR. The Company does not assume any obligation to update forward-looking statements.