Triarx Gold Acquires Papua New Guinea Gold Properties.TORONTO--(BUSINESS WIRE)--July 31, 1996--TRIARX GOLD CORPORATIO(CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : TXTX ) Triarx Gold Corporation today concluded the previously announced acquisition of Wantok Mining (PNG (Portable Network Graphics) A bitmapped graphics file format endorsed by the World Wide Web Consortium. It is expected to eventually replace the GIF format, because there are lingering legal problems with GIFs. ) NL by the issuance of 10,373,068 common shares of Triarx. Wantok is currently conducting an extensive geophysical and trenching program on its advanced 631-square-kilometer Tingi Valley property in the Western Highlands region of Papua New Guinea Papua New Guinea (păp`  ə, –y . The 1996 Tingi field work has confirmed that this property is geologically comparable to the Ok Tedi porphyry Porphyry, Greek scholarPorphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. gold/copper mine, showing striking similarities in lithologies, alteration and mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. style. The attached map locates the Tingi and Kubor properties of Wantok in relation to Ok Tedi, the million-ounce-per-year Porgera gold mine The Porgera Gold Mine is a large gold mining operation located in Enga province, Papua New Guinea. The mine is located at the head of the Porgera Valley, the site of the current open pit used to be Mt Wari Wari - it has now been excavated. and other major gold/copper producing mines and exploration projects in Papua New Guinea. The Triarx exploration programs in PNG and the Philippines are on-going and assay results are expected early next month from both properties. Triarx Gold Corporation is an exploration company with gold and gold-copper projects in Papua New Guinea and the Philippines. Shares of Triarx trade on the Canadian Dealing Network, symbol "TXTX". -0- There is a map available by contacting Hume, Kieran Inc. at the number above. CONTACT: Triarx Gold Corporation Garfield J. Last, 416/920-8179 or Hume, Kieran Inc. Cathy Hume, 416/868-1079 or Hume, Kieran Inc. Olav Svela, 416/868-1079 |
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