Trimax Corp. is a Nevada incorporated company that trades on the Pink Sheets. The Company engages in business as an exploration stage mineral resource exploration and development company, focusing on gold, silver and lithium. Trimax Corporation has their principal offices in Las Vegas, Nevada.
On April 7, 2010, Mr. Gordon Lee, Chief Executive Officer of Trimax Corporation announced that effective April 18, 2010, the Company was granted a 90-day extension to their property option agreement to acquire a 70 percent interest in the mining claims collectively known as the Zeibright Mine Extension Project. This project is located in the Placer and Nevada counties, California.
Mr. Lee stated in April, “Newmont blocked almost 3,000,000 ounces gold and an additional 7,000,000 ounces gold are inferred. We will aggressively follow Newmont’s strategy in the mine’s reopening process while completing a 43-101 compliant report as we rebuild the mill. This is probably the most exciting gold project in the US based on the ease of mining and ore grade consistency with an estimated cost per ounce of approximately $400.”
Newmont historically produced more than 100,000 ounces of gold from shallow underground operations until the 1950s. The Zeibright mineralized dike structures containing gold-bearing quartz veins range in width from 2.5 meters (8.5 feet) to more than 9 meters (30 feet) are believed to be contiguous.
In addition, they are exposed on either side of the mountain and have undergone mining between 1867 and 1959; primarily by Newmont Mining Corp. Historic Newmont sampling averaged almost 6 grams per tonne. This was over 385 meters (1,266 feet) of the #1 adit tunnel along a mean vein system width of 2.6 meters (8.5 feet).
Let us hear your thoughts below: