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News Releases
| | June 09, 2008
Change of Business
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| | Triple Dragon Resources Inc. (the "Company") wishes to announce that it has completed its change of business and, after filing a Listing Statement and the required disclosure documents on the CNQ, the Company has now been brought back to trade as a mineral exploration and development company.
The Company has a 100% interest in one mineral claim located directly southeast of Murray Lake within the south-central part of the Northwest Territories. In the Yellowknife district, the Con and Giant Mines, which are hosted by the Yellowknife Greenstone Belt, have produced approximately 14 million ounces of gold since 1938.
Also, the Property is situated 10 kilometres southeast of the historic, past-producing Camlaren Gold Mine. Numerous gold bearing quartz veins have been identified on the Property, with the distribution of gold mineralization appearing to be structurally controlled, as many of the host quartz veins are found along the axial plane of distinct folds.
The Murray Property has good potential for the discovery of significant gold mineralization and is considered under-explored for turbidite-hosted gold deposits. The recommended exploration program includes a property-wide program of field mapping and sampling with an emphasis on the known mineralized showings and trends, fold hinges, recessive horizons and shear zones. The Company intends on conducting further exploration on the Murray Property with a view to further delineate the potential mineralization.
A total of 2,242,500 incentive stock options have also been issued to directors, officers and consultants of the Company. Each stock option is exercisable at a price of $0.20 per share until June 9, 2013.
The Annual General Meeting of Shareholders has been set for August 28, 2008 at 11:00 a.m. at the Company's office.
On Behalf of the Board of Directors
TRIPLE DRAGON RESOURCES INC.
David Hodge
President
Phone: 604-681-1568
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this release include statements regarding the Murray Property and its potential for the discovery of significant gold mineralization, its turbidite-hosted gold deposits. These statements are made based on findings on the Murray Property to date.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include: misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our property; that we may not complete environmental programs in a timely manner or at all; market prices may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
The CNQ does not accept responsibility for the adequacy or accuracy of this news release. |
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| | You can view the Next News Releases item: Thu Dec 18, 2008, Exploration Update
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