Did you realize? As of today Zimtu owns a major piece of an emerging copper-gold company. Ending up with a large shareholding in Trivello Energy Corp. (TSXv:TRV) (FSE:T6U1) is another milestone for Zimtu shareholders that will benefit our asset base. Most importantly Zimtu acquired its position in Trivello with a minimum of cash involved, which again proves our business model dead on.
In the case of Trivello Energy Corp. we did not create a new company but we grasped the opportunity to restructure – or should we better say to reinvent - Trivello almost from scratch. Over the last couple of months we bought out the old management and brought on new people with good names in the industry such as the former head of SGS Lakefield and the president of Strathmore Minerals. At the same time we strengthened Trivello’s asset base by vending in two properties, the historic Tom Gold Mine and – more importantly now – the Day Property, a copper-gold porphyry project in the middle of one of British Columbia’s most prolific copper-gold exploration regions.
Northgate Minerals (TSX:NGX) Kemess South Mine
The Day Property in the Toodoggone appears to have the right ingredients that are needed to make an early stage exploration project successful: the location is 50 kilometers south-east of the Kemess South mine and 150 kilometers north of Mt. Milligan, both are major gold-copper deposits. The historical gold and copper grades that were found by Falconbridge in the early 70’s are up to three times as high as the grades that are mined nearby. This means that further exploration could afford a decrease of the average grades and still make the project look attractive in this part of the world.
Drilling at Terrane Metals (TSXv:TRX) Mount Milligan Project
We think that the Day property is one of those assets that a junior exploration company should own to start with. It’s going to be an exciting experience to see Trivello move forward on this new foundation.
On closing of the Day property transaction Zimtu Capital will own 7.4 million shares of Trivello.
For more information on Trivello visit the corporate website at http://www.trivello.com
Trivello Energy Corp.
Symbols: (TSXv:TRV) (FSE:T6U1)
Current Price: C$0.10
Shares Outstanding: 24,534,822
Fully Diluted: 37,797,322
Market Capitalization: C$2.5 Million
52 Week Range: C$0.03-0.125
Sincerely,
Sven Olsson
Director
Zimtu Capital Corp.
Suite 1450 - 789 W Pender St .
Vancouver , BC V6C 1H2
Tel: +49 7161 290 967
Email: solsson@zimtu.com
http://www.zimtu.com
