Tres-Or completes Guigues kimberlite RC drill program

2009-10-28 15:38 ET - News Release
Shares issued 61,178,086
TRS Close 2009-10-27 C$ 0.08

Ms. Laura Duffett reports

TRES-OR RESOURCES OCT 28, 2009 NEWS RELEASE - RC DRILL PROGRAM COMPLETE AT GUIGUES KIMBERLITE PIPE, QUEBEC; TRES-OR RESOURCES LTD. QUEBEC PROJECT UPDATE

Tres-Or Resources Ltd. has completed a reverse circulation (RC) drilling program on its wholly owned Guigues kimberlite near Notre-Dame-du-Nord, Que., between Oct. 18 to Oct. 23, 2009. The Guigues kimberlite is located in Tres-Or's Quebec diamond property and was reportedly discovered in 1983 by De Beers, and represents the first kimberlite pipe discovered in the New Liskeard kimberlite field. The mineral claims covering the pipe were released by De Beers in the early 1990s, and were subsequently staked as part of a regional claims package by Norman McBride, prospector and elder of the Timiskaming First Nation, and his partner, Philip Brown, PGeo. Tres-Or purchased a 100-per-cent interest in the properties in September, 2003, subject to a 2.0-per-cent net smelter return or gross overriding royalty (GORR) in favour of the vendors. The company may purchase 1.0 per cent of the NSR or GORR for $1.0-million at any time prior to commercial production and also retains the first right of refusal to buy back the remaining 1.0-per-cent NSR or GORR.

The RC drill program consisted of six shallow holes completed to bedrock beneath thick pro-glacial clays, glacio-fluvial sands and gravels, and till. The sampling program was designed to recover indicator mineral suites from different parts of the kimberlite pipe and the immediately overlying till. A total of eight samples were shipped to Overburden Drilling Management Ltd. (ODM) laboratory in Nepean, Ont., for recovery of heavy indicator minerals.

Suites of indicator minerals will be selected from the grains recovered by ODM for further analysis by electron microprobe, with the goal of identifying favourable kimberlite phases for later microdiamond testing.

Harrison Cookenboo, PhD, PGeo, 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.