NEW YORK, NY -- (Marketwire) -- 02/19/13 -- Trilliant Exploration (OTCQB: TTXP) is pleased to announce the Management of Copper Island Mines Ltd. The estimated mine life on the historical resource at the projected production will be fifty years. Trilliant Exploration's subsidiary Trilliant Copper Island Ltd. maintains a twenty percent working interest in Copper Island Mines.
Copper Island Mines
Jared Lazerson President/Chief Executive Officer
Mr. Lazerson has been involved in the mining industry since 1994 with a variety of companies including Osprey Systems (GPS & Digital Mapping), United Helicopters, and Manto Resources. Mr. Lazerson holds a BA in International Relations from the University of Pennsylvania.
H. David Read - Chief Financial Officer
Mr. Read is an independent financial analyst and former Director of publicly traded Geostar Metals. Mr. Read holds a BA from the University of British Columbia and an MBA from Stanford University.
Independent Qualified Persons (NI 43-101)
Gibson Pierce - Mining Consultant
Mr. Pierce is an independent mining consultant with 37 years experience in the mining industry. The majority of Mr. Pierce's career has been spent in senior operational and management positions with the world's largest mining company BHP Billiton. Mr. Pierce spent his final 10 years at BHP as Business Development Manager and Project Director. Mr. Pierce spent 14 years in Senior Operations at the one billion ton Island Copper Mine located 170km NW of Copper Island Mines Ltd.
Andris Betramis (P.Eng) - Senior Geologist
Mr. Betramis is an independent consulting geologist with 35 years experience in the mining industry. The majority of Mr. Betramis's career was spent with Teck Exploration (now Teck-COMINCO). Mr. Betramis was responsible for the design of exploration programs and delineation of major copper deposits globally for Teck.
Copper Island Mines Ltd. is in the process of working with the mentioned necessary personnel to produce a NI43-101 compliant resource estimate which seeks to independently verify the 3.5 Million tonnes grading 2% Copper, the historical resource estimate.
The Project and its rights and claims are located 15km NW of Campbell River, British Columbia. Copper Island Mines Ltd. is the operator of a 3000 hectare property which is known for high grade chalcocite mineralization. The area has been under regular development and small scale production since 1915. The area contains one of the highest densities of copper prospects in British Columbia and is rated high for mineralization by the BCGS (British Columbia Geological Survey). Initial exploration on the Property was conducted by Dodge Copper in 1954 when 145 percussion holes were drilled outlining the Pomeroy areas. Exploration in the 1970's by Prince Stewart Mines and Quadra Mining resulted in a historic reserve estimate of 3.5 metric tons grading 2% copper. Exploration in the 1990's resulted in a historical resource estimate from all occurrences of 5.3Mt grading 1.98% copper, and is used for historical reference purposes only.
About Trilliant Exploration (OTCQB: TTXP) http://www.trilliant-exploration.com Trilliant Exploration is focused on a variety of strategic mineral acquisitions including Copper and well positioned to capture the next wave in mineral exploration, Lithium and Rare Earth metals. Trilliant Exploration is a US based, high growth mining company focused on adding value through successful exploration, project development, efficient operations, and opportunistic acquisitions. Maintaining a low risk profile through project diversification, astute financial management and operating in secure jurisdictions are key priorities for Trilliant Exploration's Management team.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Mr. Mark Evans
Phone: (212) 203-0310
Most Popular Stories
- Businesses, Investors Pressing for Green Policy
- 'The Voice' Sounds Different This Season
- NSHMBA to Rebrand With New Name, Logo
- Lower Used-Car Prices Roil the Auto Industry
- Chrysler and Google Launch Virtual Plant Tour
- Perry Wants to Skip Court for Foreign Trip
- Investors Fret Yahoo's Future, Stock Dips
- Iran Digs in on Underground Nuclear Site
- Existing Home Sales in U.S. Fell in August
- U.N. Endorses Rights of Indigenous Peoples