FOR IMMEDIATE RELEASE
July 31, 2001
TRI ORIGIN EXPLORES THE KAZAN COPPER/GOLD PROJECT
Exploration Ltd. (TOE:CDNX) will commence exploration this week at its 100%-owned, 680
square kilometre Kazan copper/gold project in
Nunavut. The project is located 70 kilometres south of the community of Baker Lake
and 300 kilometres northwest of Hudson Bay. Management deems the property to have
excellent potential for Olympic Dam style Fe-oxide copper/gold deposits. The Olympic Dam deposit, discovered in Australia
in 1975, is a significant copper-gold mine of distinctive geological type to which Kazan
has many similarities.
Tri Origins program will
consist of an airborne gravity and magnetic survey as well as surface exploration work to
evaluate known copper/gold occurrences and gravity anomalies detected by the survey. Tri
Origin selected the airborne technology for the Kazan program, as it is particularly
suitable in searching for Olympic Dam deposits. Gravity measurements directly detect the
increased rock density associated with this type of mineral deposit.
Airborne gravity surveying is a new, leading edge technology in its
application for mineral exploration. It is an
economic exploration tool that allows rapid, detailed surveying of large areas of
prospective terrain at a resolution suitable to detect drill target scale anomalies. The
AIRGrav system recently developed by Sander Geophysics of Ottawa, Ontario has
been successfully employed in oil and gas exploration.
Recent improvements to Sanders gravity system are designed to provide
the resolution required for use in exploration for Olympic
Dam type deposits.
Tri Origin is pleased to have contracted Sander Geophysics to conduct
a combined airborne gravimetric and magnetic survey, using AIRGrav, at its Kazan
copper-gold project in Nunavut. Management is
excited about its prospects at Kazan and by employing this new technology we continue with
our strategy of enhancing the Companys competitive edge in the search for concealed
Tri Origin and Billiton Plc. have entered
into an option agreement regarding the Kazan property (Tri Origins New Release -
June 13, 2001). After Tri Origin has completed the first phase of exploration and drilling
at Kazan, it will submit the results of this program to Billiton. Billiton will then have
the option to earn an initial 50% interest in the property through incurring additional
work expenditures of $1.6 million. Billiton also has the option of earning a further 20%
interest in the property, for an aggregate 70% working interest, by funding the project to
For further information, contact:
Catherine Hill, Investor
Tri Origin Exploration Ltd.
Tel: (905) 294-9942
Visit our website at: www.triorigin.com
Tri Origin Exploration Ltd. is publicly listed on the Canadian
Venture Exchange under the trading symbol TOE.