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TriAusMin Reports Copper Intercepts from Mt Nicholas, Lewis Ponds Project

19.05.2014  |  FSCwire
Sydney, Australia, May 19, 2014 /FSC/ - TriAusMin Limited (ASX: TRO, TSX: TOR; "TriAusMin" or the "Company") is pleased to announce assay results from the recently completed drilling program at the Mount Nicholas Copper Mine within the Lewis Ponds Project (EL 5583), New South Wales, Australia. The three hole, 554 metre diamond drilling program tested a strong electromagnetic (EM) target located below a line of historical copper workings.

All holes were targeted at an interpreted plate conductor and intersected multiple zones of semi-massive to massive pyrrhotite - chalcopyrite ± sphalerite ± pyrite in quartz ± carbonate veins and shears with true widths of up to 2 m (Tables 1 & 2). The position of the mineralised structures correlate to the mapped veins and modelled plate position.


Table 1: Mt Nicholas 2014 diamond drillhole specifications

-------- -------- ------------ ----------- ------- ----------- ------- ---------
HOLE ID                                               AZIMUTH              TOTAL
          EASTING   NORTHING*     RL (AHD)    DIP   MAGNETIC    GRID   DEPTH (M)
-------- -------- ------------ ----------- ------- ----------- ------- ---------
MNDD002  712609.6  6311469.8        822.7     -60   222         GDA94      196.8
-------- -------- ------------ ----------- ------- ----------- ------- ---------
MNDD003  712580.7  6311576.2        817.7     -60   222         GDA94      240.0
-------- -------- ------------ ----------- ------- ----------- ------- ---------
MNDD004  712536.9  6311341.3        784.1     -55   54.5        GDA94      116.8
-------- -------- ------------ ----------- ------- ----------- ------- ---------

The sulfide veins returned moderate to high grade copper over narrow widths with a maximum grade of 5.19 % copper. Anomalous gold, silver, lead and zinc occur with the copper and returned maximum individual values of 0.30 g/t, 49.9 g/t, 3770 ppm and 1.77 % respectively. Estimated true widths as a percentage of downhole widths range from 65 to 80 %. Drillhole intersections are summarised in Table 2.


Table 2: 2014 drillhole intersections (based on a lower cut-off copper*metres of 500ppm*m, no minimum width).
------------ ------- ------- ----------- ------ ------ -------- -----
                               DOWNHOLE                  
HOLE                     TO       WIDTH
ID           FROM M       M           M   Cu %   Zn %  Ag g/t    VEIN
------------ ------- ------- ----------- ------ ------ -------- -----
MNDD002       60.00   61.13        1.13   0.78   0.63      8.0    HW  
                                                                      
------------ ------- ------- ----------- ------ ------ -------- -----
incl.         60.50   61.13        0.63   1.30   0.45      8.2    HW  
------------ ------- ------- ----------- ------ ------ -------- -----
MNDD002      151.00  152.85        1.85   1.37   0.10     12.4  Adit  
------------ ------- ------- ----------- ------ ------ -------- -----
incl.        151.90  152.22        0.32   5.19   0.29     49.9  Adit  
------------ ------- ------- ----------- ------ ------ -------- -----
MNDD003       36.00   37.00        1.00   0.10   1.77     14.3    na  
------------ ------- ------- ----------- ------ ------ -------- -----
MNDD003      157.10  157.70                                          
                                   0.60   0.69   0.10      9.2    na  
------------ ------- ------- ----------- ------ ------ -------- -----
MNDD003      191.50  192.00        0.50   2.38   0.13     16.0  Adit  
------------ ------- ------- ----------- ------ ------ -------- -----
MNDD004       58.70   60.17                                          
                                   1.47   1.74   0.23     13.5  Adit  
------------ ------- ------- ----------- ------ ------ -------- -----
incl.         59.40   60.17        0.77   3.24   0.43     19.6  Adit  
                                                                      
------------ ------- ------- ----------- ------ ------ -------- -----



------------ -------  ---------------------------------------------
                    
HOLE                
ID           FROM M    GEOLOGY
------------ -------  ---------------------------------------------
MNDD002       60.00   dsm sph & semi-mass to mass py-cpy-sph shear
                      zone
------------ -------  ---------------------------------------------
incl.         60.50   semi-mass to mass py-cpy-sph
------------ -------  ---------------------------------------------
MNDD002      151.00   qtz vein with semi massive po-cpy-py fill
------------ -------  ---------------------------------------------
incl.        151.90   qtz vein with semi massive po-cpy-py fill
------------ -------  ---------------------------------------------
MNDD003       36.00   py-po-cpy-sph filled breccia
------------ -------  ---------------------------------------------
MNDD003      157.10   qtz-carb-py-po-cpy veins /stringers in
                      sil-ser altd diorite
------------ -------  ---------------------------------------------
MNDD003      191.50   brecciated semi-mass po-cpy veins
------------ -------  ---------------------------------------------
MNDD004       58.70   qtz-po-cpy stringers & veins. Downdip
                      intersection.
------------ -------  ---------------------------------------------
incl.         59.40   mass po-cpy-(py)-qtz vein. Downdip
                      intersection.
------------ -------  ---------------------------------------------

The current drilling program confirmed EM to be an effective first pass targeting exploration tool in this area. The Mt Nicholas conductor is only one of many responses recorded by the 2010 VTEM survey.


About TriAusMin

TriAusMin is engaged in the exploration and development of base and precious metals deposits in the Lachlan Fold Belt of New South Wales, Australia. TriAusMin's projects include the Woodlawn Project, the Lewis Ponds Project located near Orange, 200km west of Sydney, as well as a number of other quality exploration properties in the Lachlan Fold Belt.

For further information, please visit www.triausmin.com or contact:

Australia:
Mr Wayne Taylor, Managing Director and Chief Executive Officer:
Tel: +61 02 9299 7800 (Sydney)
inquire@triausmin.com

Canada:
Tel: +1 905 727 8688 (Toronto)
info@triausmin.com



Competent Person's / Qualified Person's Statement

The technical information in this report relating to the exploration results for the Lewis Ponds Project is based on information compiled by Mr Erik Conaghan, who is a Member of the Australasian Institute of Geoscientists. Mr Conaghan is a full-time employee of TriAusMin Limited and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results and "qualified person" as this term is defined in Canadian National Instrument 43-101 ("NI 43-101"). Mr Conaghan consents to the inclusion in this report of the information in the form and context in which it appears.


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws, which are based on expectations, estimates and projections as of the date of this news release. This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to management's expectations with respect to, among other things, the generation of revenues by the Company, the timing and amount of funding required to execute the Company's exploration, development and business plans, capital and exploration expenditures, the effect on the Company of any changes to existing legislation or policy, government regulation of mining operations, the length of time required to obtain permits, certifications and approvals, the success of exploration, development and mining activities, the geology of the Company's properties, environmental risks, the availability of labour, the focus of the Company in the future, demand and market outlook for precious metals and the prices thereof, progress in development of mineral properties, the Company's ability to raise funding privately or on a public market in the future, the Company's future growth, results of operations, performance, and business prospects and opportunities. Wherever possible, words such as "anticipate", "believe", "expect", "intend", "may" and similar expressions have been used to identify such forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties, assumptions and other factors that could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors, including, but not limited to, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Canada, Australia or other countries in which the Company does business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, diminishing quantities and grades of mineral reserves, contests over title to properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Company's actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.



JORC Code, 2012 Edition - Table 1 Report

Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)

-***-

--------------- ----------------------------------------------------------------
Criteria        JORC Code explanation
--------------- ----------------------------------------------------------------

Sampling      o Nature and quality of sampling (eg cut channels, random chips,  
techniques      or specific specialised industry standard measurement tools    
                appropriate to the minerals under investigation, such as down  
                hole gamma sondes, or handheld XRF instruments, etc). These
                examples should not be taken as limiting the broad meaning of  
                sampling.                                                      

              o Include reference to measures taken to ensure sample            
                representivity and the appropriate calibration of any          
                measurement tools or systems used.                              

              o Aspects of the determination of mineralisation that are Material
                to the Public Report.                                          
                                                                                
              o In cases where 'industry standard' work has been done this would
                be relatively simple (eg 'reverse circulation drilling was used
                to obtain 1 m samples from which 3 kg was pulverised to produce
                a 30 g charge for fire assay'). In other cases more explanation
                may be required, such as where there is coarse gold that has
                inherent sampling problems. Unusual commodities or
                mineralisation types (eg submarine nodules) may warrant
                disclosure of detailed information.
------------- ------------------------------------------------------------------
Drilling      o Drill type (eg core, reverse circulation, open-hole hammer,    
techniques      rotary air blast, auger, Bangka, sonic, etc) and details (eg    
                core diameter, triple or standard tube, depth of diamond tails,
                face-sampling bit or other type, whether core is oriented and if
                so, by what method, etc).                                      
                                                                                
------------- ------------------------------------------------------------------
Drill sample  o Method of recording and assessing core and chip sample          
recovery        recoveries and results assessed.                                

              o Measures taken to maximise sample recovery and ensure          
                representative nature of the samples.                          
                                                                                
              o Whether a relationship exists between sample recovery and grade
                and whether sample bias may have occurred due to preferential
                loss/gain of fine/coarse material.
------------- ------------------------------------------------------------------
Logging       o Whether core and chip samples have been geologically and        
                geotechnically logged to a level of detail to support          
                appropriate Mineral Resource estimation, mining studies and    
                metallurgical studies.                                          
                                                                                
              o Whether logging is qualitative or quantitative in nature. Core  
                (or costean, channel, etc) photography.
                                                                                
              o The total length and percentage of the relevant intersections  
                logged.
------------- ------------------------------------------------------------------
Sub-sampling  o If core, whether cut or sawn and whether quarter, half or all  
techniques
and             core taken.                                                    
sample
preparation   o If non-core, whether riffled, tube sampled, rotary split, etc  
                and whether sampled wet or dry.
                                                                                
              o For all sample types, the nature, quality and appropriateness of
                the sample preparation technique.                              
                                                                                
              o Quality control procedures adopted for all sub-sampling stages  
                to maximise representivity of samples.
                                                                                
              o Measures taken to ensure that the sampling is representative of
                the in situ material collected, including for instance results
                for field duplicate/second-half sampling.

              o Whether sample sizes are appropriate to the grain size of the
                material being sampled.
------------- ------------------------------------------------------------------
Quality of
assay         o The nature, quality and appropriateness of the assaying and    
data and        laboratory procedures used and whether the technique is        
laboratory
tests           considered partial or total.                                    
                                                                                
              o For geophysical tools, spectrometers, handheld XRF instruments,
                etc, the parameters used in determining the analysis including  
                instrument make and model, reading times, calibrations factors  
                applied and their derivation, etc.
                                                                                
              o Nature of quality control procedures adopted (eg standards,
                blanks, duplicates, external laboratory checks) and whether    
                acceptable levels of accuracy (ie lack of bias) and precision  
                have been established.                                          
                                                                            
                                                                                
------------- ------------------------------------------------------------------
Verification
of            o The verification of significant intersections by either        
sampling and    independent or alternative company personnel.
assaying                                                                        
              o The use of twinned holes.
                                                                                
              o Documentation of primary data, data entry procedures, data      
                verification, data storage (physical and electronic) protocols.

              o Discuss any adjustment to assay data.                          
                                                                                
------------- ------------------------------------------------------------------
Location
of data       o Accuracy and quality of surveys used to locate drill holes      
points          (collar and down-hole surveys), trenches, mine workings and    
                other locations used in Mineral Resource estimation.            
                                                                                
              o Specification of the grid system used.                          
                                                                                
              o Quality and adequacy of topographic control.
                                                                                
                                                                                

                                                                                
------------- ------------------------------------------------------------------
Data spacing
and           o Data spacing for reporting of Exploration Results.              
distribution                                                                    
              o Whether the data spacing and distribution is sufficient to      
                establish the degree of geological and grade continuity        
                appropriate for the Mineral Resource and Ore Reserve estimation
                procedure(s) and classifications applied.
                                                                                
              o Whether sample compositing has been applied.
------------- ------------------------------------------------------------------
Orientation
of            o Whether the orientation of sampling achieves unbiased sampling  
data in
relation        of possible structures and the extent to which this is known,  
to geological   considering the deposit type.                                  
structure                                                                      
              o If the relationship between the drilling orientation and the    
                orientation of key mineralised structures is considered to have
                introduced a sampling bias, this should be assessed and reported
                if material.
------------- ------------------------------------------------------------------
Sample
security      o The measures taken to ensure sample security.                  
                                                                          
                                                                                
------------- ------------------------------------------------------------------
Audits or     o The results of any audits or reviews of sampling techniques and
reviews         data.
------------- ------------------------------------------------------------------



------------- ------------------------------------------------------------------
Criteria        Commentary
------------- ------------------------------------------------------------------
Sampling      o Three diamond drillholes (HQ3 collars and NQ3 tails) were
techniques      completed by Techdrill Civil and Mining for TriAusMin Limited
                (TRO).
              
              o HQ3 and NQ3 diamond core were half cored using a brick style
                diamond saw.

              o Sample lengths ranged from 0.17 to 1.25 metres in length, with
                the majority of sampled being 1.0 metre long. Sample splits were
                determined by changes in geology.

              o All samples were weighed by the laboratory and weights ranged
                from 0.5 to 4.4 kilograms. Samples weighing over 3.2 kilograms
                were riffle split by the laboratory.
              
              
              
              
              
              
              
              
------------- ------------------------------------------------------------------
Drilling      o Diamond drilling was undertaken as HQ3 (61.1mm) and NQ3 (45.1mm)
techniques      diameter core. A total of 81.7 metres of HQ3 core and 471.9
                metres of NQ3 core were drilled. Chrome barrels were used at all
                times.  A Global Tech core orientation device was used for all
                NQ3 drilling to enable core orienting to be conducted. No
                orientation device was used for HQ3 drilling.
------------- ------------------------------------------------------------------
Drill sample  o Triple tube was used at all times to maximize core recovery and
recovery        ensure integrity of the material structure.

              o Core recovery was measured on all core with recoveries generally
                being in excess of 95%, except at the start of holes in soil -
                saprolite zone the top 2 to 3 metres) where core loss occurred.
              
              
              
------------- ------------------------------------------------------------------
Logging       o Geological and geotechnical logging was completed by a
                professional geologist using TROs logging procedures that were
                developed to accurately cover the local geology and
                mineralization. These include: geology (including lithology,
                mineralization and alteration), structure, fracture frequency,
                core recovery and RQD.
              
              o All drill core was logged quantitatively and all drill core was
                photographed (wet only).
              
------------- ------------------------------------------------------------------
Sub-sampling  o All core samples were of half core cut with a brick style
techniques
and             diamond saw.
sample
preparation   o No sub-sampling was done.
              
              o All samples were sent to an accredited laboratory for sample
                preparation and analysis. ALS Global follow industry best
                standards in sample preparation including drying, crushing and
                pulverizing the entire sample to a grind size of 85% passing at
                75 microns. Samples over 3.2 kilograms were riffle-split
              
              o Sample sizes are more than adequate to correctly represent the
                style and nature of the copper mineralization.
              
              

              
              
------------- ------------------------------------------------------------------
Quality of
assay            o   Gold is analysed by fire-assay fusion (method Au-AA-25
data and             which is a 30 gram charge) that is considered a total
laboratory
tests                method. Thirty-five base metals and other pathfinder
                     elements are determined by methods ME-ICP41 (and for
                     over-range samples OG46) which uses an aqua-regia digest
                     followed by an ICPAES analysis. This is considered a
                     partial digest.
              
                 o   No geophysical tools nor XRF instruments were used.
              
                 o   TRO inserted 16 certified OREAS standards (some of which
                     are siltstone blanks) into the single batch with 298 half
                     core samples.  The insertion rate was nominally one
                     standard per 24 normal standards. No duplicates were
                     submitted. ALS laboratories conduct their own stringent
                     internal QA-QC protocols as part of their own internal
                     standard procedures which includes the use of fusion
                     duplicates, blanks and certified reference materials.
------------- ------------------------------------------------------------------
Verification
of            o None were undertaken in this program.
sampling and  
assaying      o No holes were twinned in this program.
              
              o All drillhole data was captured in individual excel spreadsheets
                that were visually checked, then later validated using GIS /
                drilling software, and at that time any errors were corrected.

              o No assay data was adjusted. Samples over-range in copper and
                zinc were re-assayed by ore-grade method OG-46 method.
------------- ------------------------------------------------------------------
Location
of data       o Drillhole collars were located by a professional surveyor using
points          a DGPS with precision of 10 to 20 centimetres. All other surface
                mapping and sampling done on this prospect was done using a
                Garmin handheld GPS 60CSx with an accuracy of 5 metres. Downhole
                surveys were done at a nominal spacing of 30 metres (downhole)
                using a Camteq Multi-shot instrument.
              
              o Grid system used for Lewis Ponds regional work is GDA94 MGA Zone
                55 and RL is AHD.

              o Topographic control was assessed by DGPS in AHD.
------------- ------------------------------------------------------------------
Data spacing
and           o Drillhole locations are stated in Table 1.  The holes were
distribution    designed as a first pass test of a 400 metre long modelled EM
                plate with holes spaced roughly 100 metres apart along strike.
                The drill program was a first pass drilling assessment and it
                clearly is not close enough to establish any kind of resource.
              
              o No sample compositing was necessary nor applied.
              
------------- ------------------------------------------------------------------
Orientation
of            o All drillholes were aligned orthogonally to the strike of the
data in
relation        targeted plate and the mapped geology. Two of the 3 holes were
to geological   drilled as close to 90(degree) to the dip of the target. MNDD004
structure       was drilled as shallowly as safely possible (-55(degree)) from
                the footwall intersecting the veins in a down-dip orientation.
              
              
              
------------- ------------------------------------------------------------------
Sample
security      o All samples were placed into individual calico bags and each
                calico bag into a pollyweave bag. Each pollyweave bag was closed
                with a secure plastic zippy-tie. All samples were delivered
                directly to the laboratory in Orange by company employees to
                ensure sample security.
------------- ------------------------------------------------------------------
Audits or     o No audits or reviews have been completed.
reviews      
------------- ------------------------------------------------------------------

   -****-

Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)

-***-

-------------- -----------------------------------------------------------------
Criteria        JORC Code explanation                                          
-------------- -----------------------------------------------------------------
Mineral
tenement        oType, reference name/number, location and ownership including  
and land
tenure          agreements or material issues with third parties such as joint  
status          ventures, partnerships, overriding royalties, native title
                interests, historical sites, wilderness or national park and    
                environmental settings.

               oThe security of the tenure held at the time of reporting along
                with any known impediments to obtaining a licence to operate in
                the area.
-------------- -----------------------------------------------------------------
Exploration
done           oAcknowledgment and appraisal of exploration by other parties.  
by other
parties                                                                        
                                                                                

                                                                                
                                                                                
-------------- -----------------------------------------------------------------
Geology        oDeposit type, geological setting and style of mineralisation.  
                                                                                
                                                                                
                                                                                
-------------- -----------------------------------------------------------------
Drill hole     oA summary of all information material to the understanding of  
Information     the exploration results including a tabulation of the following
                information for all Material drill holes:

                o  easting and northing of the drill hole collar

                o  elevation or RL (Reduced Level - elevation above sea level in
                   metres) of the drill hole collar

                o  dip and azimuth of the hole

                o  down hole length and interception depth

                o  hole length.

               oIf the exclusion of this information is justified on the basis
                that the information is not Material and this exclusion does not
                detract from the understanding of the report, the Competent
                Person should clearly explain why this is the case.
-------------- -----------------------------------------------------------------
Data
aggregation    oIn reporting Exploration Results, weighting averaging          
methods         techniques, maximum and/or minimum grade truncations (eg cutting
                of high grades) and cut-off grades are usually Material and    
                should be stated.
                                                                                
               oWhere aggregate intercepts incorporate short lengths of high
                grade results and longer lengths of low grade results, the      
                procedure used for such aggregation should be stated and some
                typical examples of such aggregations should be shown in detail.

               oThe assumptions used for any reporting of metal equivalent
                values should be clearly stated.
-------------- -----------------------------------------------------------------
Relationship   oThese relationships are particularly important in the reporting
between         of Exploration Results.                                        
mineralisation
widths and     oIf the geometry of the mineralisation with respect to the drill
intercept       hole angle is known, its nature should be reported.
lengths
               oIf it is not known and only the down hole lengths are reported,
                there should be a clear statement to this effect (eg 'down hole
                length, true width not known').
-------------- -----------------------------------------------------------------
Diagrams       oAppropriate maps and sections (with scales) and tabulations of  
                intercepts should be included for any significant discovery    
                being reported These should include, but not be limited to a
                plan view of drill hole collar locations and appropriate
                sectional views.
-------------- -----------------------------------------------------------------
Balanced       oWhere comprehensive reporting of all Exploration Results is not
reporting       practicable, representative reporting of both low and high
                grades and/or widths should be practiced to avoid misleading
                reporting of Exploration Results.
-------------- -----------------------------------------------------------------
Other          oOther exploration data, if meaningful and material, should be  
substantive     reported including (but not limited to): geological
exploration
data            observations; geophysical survey results; geochemical survey
                results; bulk samples - size and method of treatment;
                metallurgical test results; bulk density, groundwater,
                geotechnical and rock characteristics; potential deleterious or
                contaminating substances.
-------------- -----------------------------------------------------------------
Further work   oThe nature and scale of planned further work (eg tests for      
                lateral extensions or depth extensions or large-scale step-out  
                drilling).                                                      

               oDiagrams clearly highlighting the areas of possible extensions,
                including the main geological interpretations and future
                drilling areas, provided this information is not commercially
                sensitive.
-------------- -----------------------------------------------------------------




-------------- -----------------------------------------------------------------
Criteria        Commentary
-------------- -----------------------------------------------------------------
Mineral
tenement       oMount Nicholas falls within EL 5583 "Lewis Ponds" that is wholly
and land
tenure          held by the Company.
status        
               oThere are no known impediments to operating in this area.
              

              
              
              
-------------- -----------------------------------------------------------------
Exploration
done           oMining: Mount Nicholas was mined in 1888 then later under the
by other
parties         name of Mount Fraser in 1907. The State government records are
                incomplete, there are no production records for the first period
                of mining but for the later period of mining 4000 tonnes was
                mined that yielded 640 tonnes of copper.

               oExploration:

                 o   1960s and early 70': Icely area - regional scale mapping,
                     soil surveys and IP completed (AMAX and Pennaroya)

                 o   2004: HeliTEM over the entire tenement  (Tri Origin)

                 o   2005: Regional scale mapping of the Icely Area by (Tri
                     Origin)

                 o   2010: Heli-borne VTEM survey over the entire tenement
                     (TriAusMin)

                 o   2011: MNDD001 - 135.9m TD, drilled at the north of the
                     prospect missed the plate although encountered a broad zone
                     of anomalous copper in Anson Fm felsic volcanics above the
                     contact with Byng Volcanics mafic volcanics (TriAusMin)

                 o   2013: Prospect scale mapping and rock-chip sampling
                     (TriAusMin).
-------------- -----------------------------------------------------------------
Geology        oThe mineralization appears to be lode style (probably
                mesothermal), i.e. multiple sulfide phases in quartz(plus-minus)
                carbonate veins and breccias that cross-cut the local host rocks
                that are predominantly Ordovician in age.
-------------- -----------------------------------------------------------------
Drill hole     oRefer to Table 1 in the report
Information  
              

        
              
-------------- -----------------------------------------------------------------
Data
aggregation    oThis is stated in the body of the report. Lower cut-off grade of
methods         500ppm*m (copper*metres) was applied. No minimum width and no
                internal dilution was applied.
              
               oThese are clearly stated in Table 2.
              
               oNo metal equivalents have been stated nor reported.
              
              

              
              
-------------- -----------------------------------------------------------------
Relationship   oRelationships between downhole and estimated true widths of the
between         intercepts are stated in the body of the report.
mineralisation
widths and    
intercept    
lengths
              
              
              
-------------- -----------------------------------------------------------------
Diagrams       oAs no significant discovery is being reported figures are not
                required.
              
              
              
-------------- -----------------------------------------------------------------
Balanced       oAll relevant results are disclosed within the report.
reporting    
              
              
-------------- -----------------------------------------------------------------
Other          oAll meaningful data is disclosed in the body of the report.
substantive  
exploration
data          
              
              
              
              
-------------- -----------------------------------------------------------------
Further work   oFuture work may include DHEM of the 3 holes at Mount Nicholas.
                On a more regional scale the results of the 2010 tenement-wide
                VTEM survey will be assessed.

               oNo further drilling is planned for Mount Nicholas at this stage.
              
              
              
-------------- -----------------------------------------------------------------

   -****-

To view the press release as a PDF, please click on the following link:
http://www.fscwire.com/sites/default/files/news_release_pdf/triausmin05192014.pdf
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