Trelawney Provides Operation and Permitting Update for the Chester One Gold Mine
TORONTO, ONTARIO -- (Marketwire) -- 01/26/11 -- Trelawney Mining and Exploration Inc. (the 'Company' or 'Trelawney') (TSX VENTURE: TRR)(FRANKFURT: RTW) is pleased to provide an update of the underground operations and permitting at its Chester One Gold Mine located halfway between Timmins and Sudbury in northern Ontario.
Dewatering of the underground workings has been completed to the 500 level with rehabilitation work completed to below the 475 level. Bulk sampling and evaluation has begun on the 150 and 200 levels with stope preparation underway on the 275 level.
Bulk sampling on the 475 level and development work on the 500 level will begin in early February. To date, all historical reports are being confirmed. Assays of muck samples from the underground bulk sampling are encouraging and are matching or exceeding historical reports.
The initial bulk sample has been hauled to SMC Canada in Cobalt, Ontario, where it will be processed at a rate of 250 tons per day. The Company has undertaken plans to construct its own on-site milling facility later this year.
An underground diamond drill program will commence within the next week. This program will explore several known sub-parallel gold-bearing zones which occur in close proximity to the number 3 vein which is the current focus of the underground program.
Access development to the Gomak and Chester Two zones will begin in early February. This development work will be carried out on the 500 level where a ventilation raise will be driven concurrently to surface.
The Company has received all the necessary permits including a Certificate of Approval from the Ontario Ministry of the Environment. The Company continues to conduct environmental assessment and aquatic studies for future development and expansion.
Greg Gibson, Trelawney's President and CEO commented 'We are very encouraged by what we are finding underground; ground conditions, existing development and grades continue to exceed expectations. Together with our Cote Lake discovery, our Chester Complex is quickly becoming a world-class project. Trelawney is on target to rapidly become an emerging gold producer with significant potential to expand its production profile. We will continue to develop our Chester underground projects as we further explore and expand the Cote Lake Deposit.'
David Beilhartz, Vice President, Exploration for Trelawney Mining and Exploration, a Qualified Person under NI 43-101, has prepared or supervised the scientific or technical information for the property and verified the data disclosed in this press release.
Trelawney is a Canadian junior mining and exploration company with a focus on Archean gold deposits. The Company's current focus is directed towards the development and continued exploration of its newly acquired Chester Project, located in Chester Township 20 kilometres southwest of Gogama, Ontario.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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.
Contacts:
Trelawney Mining and Exploration Inc.
Greg Gibson
President and CEO
416-363-8567
ggibson@trelawneymining.com