Vancouver, B.C. – October 16, 2017 - Tres-Or Resources Ltd. (“Tres-Or”) (TSX-V: TRS, OTCPK: TRSFF) is pleased to report the completion of the Phase 1 drill program at the Duvay-Chenier gold project, located 15 kms northeast of Amos, and 65 kms north of Val-d’Or, Québec. The drill program comprised 20 drill holes totaling 3207 m, and Phase I tested three main target areas. These three target areas are: 1) the northeast shear zone/strong induced polarization (IP) chargeability target; 2) the Duvay Zone Principal, and 3) coincident magnetic/electromagnetic (EM) and structural targets 2 kms northwest of the Zone Principal, near Lake Obalski.
The first forty sample results have been returned from the laboratory. These rushed samples cover only the top 46.5 m of the first drill hole (DUV17-01), but already reveal a new zone of significant gold mineralization. Drill hole DUV17-01 tested the strong chargeability anomaly originally identified from the IPower3D survey and coincident with the northeast shear zone at Duvay. This target is approximately 400 m northeast of the Duvay Zone Principal, in an area of relatively sparse historical work. The sample results from DUV17-01 include 10.0 m of gold mineralization at 0.66 g/t Au from 18.0 m to 28.0 m depth, including an enriched interval of 2.55 g/t Au over 2.0 m from 21.0 to 23.0 m (Table 1). This mineralized interval includes a 5.4 m deformed white quartz vein, with zones of substantial sulfide mineralization and black schist. The true thickness of this zone is not yet known.
Table 1: Gold bearing interval from the first forty samples sent to the lab.
Note: The received sample results extend from 3.0 to 46.5 m depth in drill hole DUV17-01. The remaining core from DUV17-01 extending to the end of hole at 201 m is at the lab. Results are pending.
Samples were logged, sawn in half and sealed, at Tres-Or’s secure core facility at Duvay, and then delivered to Techni-Lab Abitibi Inc. in Ste. Germaine de Boulé, Quebéc (ISO/IEC 17025; a division of Actlabs, Ancaster, Ontario). At Techni-Lab, samples were analyzed for gold by traditional fire assay with atomic absorption finish, with those samples returning >1 g/t gold then repeated using a 50g aliquot and gravimetric finish. A one half split of the core was sampled, and the remainder stored for reference.
More than 1,000 additional samples have been delivered to the lab, covering the remainder of the first drill hole (DUV17-01), and two other drill holes from the NE shear zone that have significant quartz vein and sulfide mineralization, as well as 7 holes testing the Duvay Zone Principal, where numerous gold enriched drill intersections and bulk samples are reported. Results will be presented when available.
Tres-Or has optioned the Duvay-Chenier Property to Secova Metals Corp. to earn a 65% interest by completing expenditures of $3.25 million by December 31st, 2018. Tres-Or is the Operator providing logistical, technical and geologic services as well as reporting.
Laura Lee Duffett, P.Geo. and Harrison Cookenboo, Ph.D., P.Geo., OGQ, are the Qualified Persons as defined in NI 43-101, who have reviewed and are responsible for the technical information presented in this news release.
On behalf of the Board of Directors
TRES-OR RESOURCES LTD.
“Laura Lee Duffett”
Laura Lee Duffett
President and CEO
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.
For further information
Contact: Dominic Spedaliere - Corporate Communications: Ph: 604-688-8700
Dean Claridge – Business Development: Ph: 604-880-1865
About Tres-Or Resources Ltd.:
Tres-Or Resources Ltd. (TSX Venture: TRS) is a Canadian resource company focused on exploring for gold, base metals and diamond resources in the Abitibi-Témiscamingue regions in northwestern Quebec. Additional information related to the Company is available at: www.tres-or.com