Airborne Geophysical Survey Commences and a Contiguous Claim Block Is Added to the Tres-Or Duparquet Gold Project, Quebec
21 December 2010 - 11:00PM
Marketwired
Tres-Or Resources Ltd. ("Tres-Or" or "the Company") (TSX VENTURE:
TRS) is pleased to announce commencement of a high-resolution
airborne magnetic and electromagnetic geophysical survey covering
the Company's Duparquet Gold Project, located within the Abitibi
region of northwestern Quebec. The airborne survey is being flown
in conjunction with adjacent property holders Osisko Mining
Corporation, Clifton Star Resources Inc., and Xmet Inc.
Tres-Or's Duparquet Gold Project comprises 1,792 hectares (ha)
of claims, including the Destor claims, a new contiguous claim
block of 277 ha just added north of the past producing Duquesne
Mine property. Tres-Or is purchasing this new claim block for an
$11,088 cash payment and the issuance of 75,000 common shares of
Tres-Or to the Optionor for a 100% interest in the claims subject
to a 2.0% NSR. Tres-Or will retain a first right to purchase 1.0%
of the NSR by paying to the Optionor $1,000,000. The Destor claim
acquisition is subject to the acceptance of the TSX Venture
Exchange.
The entire Duparquet Gold Project including this new Destor
claim block will be covered by the airborne geophysical survey.
The survey will utilize the advanced TDEM EMosquito II
high-resolution time domain transient electromagnetic system that
will provide deep penetration. Detailed magnetic coverage and radar
altimetry will be recorded for digital elevation modeling. This
survey will be flown by Geophysics GPR International Inc. of
Longueuil, Quebec using a helicopter at flight line spacing of 100
meters across Tres-Or's entire Duparquet property. This survey is
meant to provide refined direct detection of gold-bearing
conductive sulphide zones and to define extensions to the
potentially gold bearing splay faults originating at the
Porcupine-Destor Fault.
Tres-Or's Duparquet Gold Project adjoins the past-producing
Beattie and Donchester gold mine properties to the east and the
Dusquene gold mine property to the south. These past-producing gold
mines are currently being re-evaluated by Osisko Mining Corporation
("Osisko") and Clifton Star Resources Inc. ("Clifton") where Osisko
is planning a 130,000 m drill program along with metallurgical
testing (see Osisko and Clifton news releases dated December 6,
2010). Tres-Or's Duparquet Gold Project is also contiguous to the
Duquense-Ottoman property to the south where Xmet Inc. has recently
published a 43-101 compliant inferred resource of 525,000 ounces of
gold (see Xmet Inc. news releases dated November 8, 2010 and
December 2, 2010).
Production from all of these past producing gold mines is
associated with the regionally significant Porcupine-Destor fault,
and splay faults which extend from the major fault. Tres-Or is
targeting extensions of these splay faults which appear to cross
the Duparquet Gold Project, based on government and Company
geological mapping, as well as historical records of drill
intersections containing gold in the central Duparquet property
including 1.7 g/t gold over 1.16 metres (see Tres-Or news release
dated September 15, 2010 for details).
Laura Lee Duffett, President and CEO of the Company, a qualified
person by the standards of National Instrument 43-101, is
overseeing the project and is responsible for the content in this
news release.
On behalf of the Board of Directors,
Laura Lee Duffett, President and CEO
About Tres-Or Resources Ltd.:
Tres-Or Resources Ltd. (TSX VENTURE: TRS) is a Canadian resource
company exploring gold and precious metals projects and diamond
assets in Ontario and Quebec. The experienced team has proven
success in exploration through to discovery and mine development.
Additional information related to the Company is available at:
www.tres-or.com.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy of accuracy of
this news release.
Contacts: Tres-Or Resources Ltd. Brian Biles 604-688-8700
604-688-8884 (FAX) info@tres-or.com www.tres-or.com
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