TRELAWNEY Resources Inc. has acquired the mining rights, by staking and option, to about 2000 Acres in Salter Township, Ontario, about 100 km west of Sudbury. This property covers three former producing Cu mines, the Massey mine, the Hermina number 1 mine and the Hermina number 3 mine.

The properties were acquired because Trelawney geologists recognized that this deposit had many characteristics in common with an important class of giant ore deposits referred to as iron oxide – copper – gold (IOCG) deposits. One of the most well known of these deposits is the huge Olympic Dam deposit in Austrailia. This deposit contains 2.3 billion tonnes grading 1.3 % Cu, 0.5 g/t Au and 0.4 kg/t U3O8.

The Massey mine consists of three workings over a strike length of about 1.6 km and the claims cover two of these . It was discovered around 1900 and it produced during the periods 1901-1906, 1915-1917 and 1968-1970. An estimated 18,535 tonnes of ore grading 2.82 % Cu were mined from the deposit. A 1956 report on the area indicated that only 600 metres of an estimated 2400 metres of known strike length were ever drill tested.

The Hermina mine consists of two shafts about 1700 metres apart. The main shaft (#3) is 500 feet deep with development on four levels. It was reportedly sunk on a quartz “vein” up to 9 metres wide mineralized with chalcopyrite. The “vein” contains many wallrock clasts and is associated with hematite, chlorite and silica alteration of the enclosing granite. A total of 11,900 tonnes of ore were mined at a grade of 4.21 % Cu. The number 1 shaft is 312 feet deep with development on three levels Recent sampling of the dumps at the #3 and # 1 shaft areas returned values of up to 1.88 g/t Au and 9.56 g/t Au respectively. Although the Hermina does not entirely fit the classic IOCG model it appears to be located on a splay of the Murray fault with its confluence near the Massey mine and it may be related to geological events in this area.

TRELAWNEY is well positioned on an exciting new play in an old producing area and new technologies will enable the company to explore parts of the area untouched by previous workers