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Los Angelas, CA -- (SBWIRE) -- 10/25/2013 -- Hotpennystocknews.com issues special report on - Trio Resources Inc (TRII)
Trio Resources Inc. (TRII) is an exploration and small-scale processing company which plans to focus on the exploration and milling of mineralized materials located in historically prolific regions. Trio is organized to hold assets in the mining industry, targeting older mining camps with residual value. Trio's intention is to conduct an exploration program, in conjunction with milling initiatives to monetize its existing above-ground mineralized material on-site, with the purpose of being cash-flow positive primarily through milling and marketing mineralized material and concentrate to refiners.
Trio Resources, Inc. (TRII) is pleased to announce that the Company has commenced its exploration program on the historic Stairs Gold Mine Property. The joint venture program with Teck Resources requires exploration work on the property over a three year period.
The Company is also satisfied to review that a geological collection on the Stairways Residence has started, which will help the Organization recognize discovery objectives. Once the objectives are recognized, Trio will begin a perform program in delayed drop 2013 made up of geological applying and lead generation. Exploration allows, which are required under the revised New york Exploration Act, are currently being finished by the Organization and will be presented to the Secretary of state for North Growth and Exploration. This perform will be advancing by Trio's talking to geologist, JMK Exploration and Consulting.
At a current price of 0.20, TRII is -0.04 - -16.67% from the previous close of $0.24. Moreover, TRII is in distance of -76.90% from its 50-day Moving Average price of $0.8659 and -69.14% from its 200-day Moving Average price of $0.6482.
Click Here To Find out Historic News On TRII.
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