Tres-Or Resources Ltd.: Lapointe Pipe, Ontario-DMS Processing Progress Update
posted on
Jul 23, 2008 09:01AM
Tres-Or Resources Ltd.: Lapointe Pipe, Ontario-DMS Processing Progress Update
VANCOUVER, BRITISH COLUMBIA, Jul 23, 2008 (MARKET WIRE via COMTEX News Network) --
Tres-Or Resources Ltd. (TSX VENTURE: TRS) ("Tres-Or") is pleased to provide an update on the progress of processing the Lapointe Kimberlite macro-diamond test at the Stornoway Diamond Corporation ("Stornoway") dense media separation (DMS) facility in Thunder Bay, Ontario. This facility is operated by Microlithics Laboratories Inc. ("Microlithics"), under agreement with Stornoway, and Stornoway in turn has agreed to process the Lapointe sample for Tres-Or at cost.
The Lapointe Kimberlite sample was collected in February, 2008, from a single, large diameter RC drill hole, and represents approximately 60 tonnes of in-place kimberlite. This sample arrived at the DMS facility from secure storage at DRA America (DRAA)'s independently controlled warehouse facility at the end of June, 2008, and the preliminary concentrate has been completed.
The preliminary concentrate from the DMS facility is being further reduced by caustic fusion procedures at the Microlithics lab in preparation for final diamond picking. Results will be announced upon completion.
Tres-Or holds 100% interest in the Lapointe pipe subject to a 5.0% Net Profits Interest granted to Arctic Star Diamonds Corporation. In circumstances where Tres-Or receives an offer to acquire an interest in Lapointe or Tres-Or determines to sell, assign or transfer any of its interest in Lapointe, then Stornoway shall have a 30 day period in which to accept or match the offer in order to exercise its first right under the agreement.
Harrison Cookenboo, Ph.D., P.Geo., a Qualified Person by the standards of National Instrument 43-101 has reviewed and approved the contents of this news release. Dr. Cookenboo is responsible for the design and implementation of the work programs.
ON BEHALF OF THE BOARD OF DIRECTORS OF TRES-OR RESOURCES LTD.
Laura Lee Duffett, Director
About Tres-Or Resources Ltd.
Tres-Or Resources Ltd. (TSX VENTURE: TRS) is a Canadian resource exploration company focused on the exploration of diamonds and precious/base metals projects located in northeastern Ontario and northwestern Quebec. Tres-Or has discovered of the largest diamond-bearing kimberlite in Ontario, the Lapointe Kimberlite Pipe. Tres-Or's Quebec projects host 6 kimberlite bodies discovered by drilling. All the Tres-Or projects in the Temagami and Timiskaming regions of Ontario and Quebec have excellent infrastructure to support exploration and development. Roads, power and a qualified workforce are all in close proximity. Tres-Or has signed a Memorandum of Understanding with the Timiska ming First Nation on traditional territorial lands and reserve lands in Ontario and Quebec. Additional information regarding the Company is available at www.tres-or.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Tres-Or Resources Ltd. Laura Lee Duffett, P.Geo. President (604) 541-8376 Tres-Or Resources Ltd. Brian Biles Corporate (604) 688-8700 Email: info@tres-or.com Website: www.tres-or.com
SOURCE: Tres-Or Resources Ltd.
mailto:info@tres-or.com http://www.tres-or.com
Copyright 2008 Market Wire, All rights reserved.