Tres-Or Announces Intent to Acquire the Fontana Gold Project, Quebec
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/05/11 -- Tres-Or Resources Ltd. ('Tres-Or') (TSX VENTURE: TRS) and Globex Mining Enterprises Inc. ('Globex') (TSX: GMX)(FRANKFURT: G1M)(OTCQX: GLBXF) are pleased to announce that they have signed a Letter of Intent for Tres-Or to acquire the interests in certain mineral claims in Quebec of Globex, being a 75% interest in 16 claims and a 100% interest in 6 claims, collectively the Fontana Gold Property. The Fontana property is located 16 km northeast of Amos in Duverny Township, Quebec. The project is proximal to Tres-Or's advanced Duvay Gold Project and is contiguous with the Company's East Mac property (Duvay Area Map), http://media3.marketwire.com/docs/trs0705.pdf.
In order to secure the property interest while a definitive agreement is being prepared, Tres-Or has made a non-refundable deposit of $25,000 and will endeavor to enter into a formal agreement with Globex on or before September 15, 2011.
According to Quebec government reports describing the historic work carried out on Fontana, gold mineralization was discovered in veins in the Fontana Fault in the 1930's. Considerable work consisting of stripping, test pits, bulk testing and drilling has occurred on the Fontana Gold Project in subsequent decades of the 1940s, the 1980s, and 1990s. Gold mineralization is associated with pyrite and chalcopyrite rich quartz veins in the principal fault structures and associated fractures mapped on the property. Gold is often free gold and is erratic in distribution. Tres-Or previously sponsored detailed structural mapping as a preliminary part of its evaluation and due diligence on the property. Separately Globex holds a 15% Net Profits Interest on the original block of 16 claims.
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, precious metals and diamond projects 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.
Dominic Spedaliere
Corporate Communications
604-688-8700
info@tres-or.com
www.tres-or.com