Vancouver, B.C. – August 14, 2017 - Tres-Or Resources Ltd. (“Tres-Or”) (TSX-V: TRS, OTCPK: TRSFF) is pleased to announce that Phase I drilling is underway at the Duvay-Chenier Gold Project, located 15 km northeast of Amos, and 65 kms north of Val-d’Or, Québec.
Drilling company Forage Hérbert Inc. of Amos, Québec has a B-20 tracked drill rig on-site and drilling ahead. The first drill hole targeted a strong IP chargeability anomaly 400 m northeast of the main Duvay shear zone. The second drill hole will target the same chargeability anomaly to test the extent of the sulphide mineralization with depth. Phase I drilling comprises 3,500 metres of drilling targeting the high priority Duvay Zone Principal, and extending northwest along the main Duvay shear and additional targets extending 3.5 km northwest toward Lake Obalski.
Concurrent with the Phase I drilling, Tres-Or is prospecting, mapping, and sampling additional targets within the property. The Duvay-Chenier property covers nearly 8000 hectares of contiguous claims about 65 km north of one of Canada’s largest gold mines, the Canadian Malartic Mine. The prospecting, mapping, and field inspection is designed to better define the most promising new targets for a second phase of drilling.
Pioneer Aerial Surveys Ltd. completed flying seven distinct survey blocks over these priority targeted areas. The high-resolution UAV-MAGTM survey was completed in July and consisted of 662 tightly spaced line kilometers in seven survey blocks covering priority areas of the property requiring more detailed magnetic data. The survey measured the total magnetic intensity (TMI) with GPS readings at every 0.1 second (1 m) using an unmanned aerial vehicle (UAV). The plotted total magnetic values were corrected for diurnal variations using readings taken every 6 seconds by a synchronized local base station. Line spacing was 20 m with 150 m spaced tie lines. Final results are being processed and Tres-Or is confident that further, previously untested areas on the Duvay-Chenier claims will provide priority drilling targets for a Phase II drill program.
Tres-Or has optioned the Duvay-Chenier property to Secova Metals Corp. to earn an undivided 65% interest in the Duvay-Chenier Gold Project by paying Tres-Or the sum of $500,000 (received), and incurring $3,250,000 in exploration expenses over a three (3) year period. Secova is committed to expend $750,000 in exploration expenditures by the end of September 2017 which commitment will be satisfied on completion of the work detailed herein. Tres-Or is the Operator and provides logistical, technical and geologic services and 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.