Trelawney Climbs 14% Lste Morning

By Midnight Trader,  April 12, 2012, 11:31:51 AM EDT

Trelawney Mining and Exploration Inc. (TRR.V) has filed the National Instrument 43-101 technical report on the Cote Lake Resource Update, Chester Property, Ontario, Canada.

The estimate has an indicated resource of 35 million tonnes averaging 0.82 g/t for contained gold of 0.93 million ounces and an inferred resource of 204 million tonnes averaging 0.91 g/t for 5.94 million ounces of contained gold. A cut-off grade of 0.3 g/t Au was used for the estimate. The new resource estimate represents an overall increase of 63% in the total ounces of gold over the 2011 resource estimate.

More than 1.1 million shares have been traded so far.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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