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Date : 04/26/2011 @ 8:00AM
Triton Distribution Systems Completes Initial Geological Report and Initial Testing of Core Samples From Gold Mines With Their J
Triton's (PINKSHEETS: TTDZ) Management announced significant mineral reports from the first 3 of 9 core samples taken from the Arrow Gold Mine with their JV Partners on behalf of Green Earth Partners, LLC.
As indicated on the third party Geological report, Values returned from the three samples all reported over 1000 ppm (parts per million) Gold with Silver numbers ranging from 721 to 2830 ppm. One thousand parts per million represents over 30 troy ounces of gold per ton of ore. At today's market prices that will represent $45,000.00 per ton of ore. The official report was produced by Carl Hale, a professional geologist, in the required format that is established by the Securities and Exchange Commission of the United States, "Industry Guide 7."
The very high-grade nature of the vein material is shown in several analyses by ALS laboratories in Reno, NV. ALS Labs operates in more than 40 countries across Africa, Asia, Australia, Europe, North America and South America.
The second analyses on the second property will be announced when it is received from the ALS lab. It is estimated that the lab will produce its findings in 3 weeks from now.
"We have focused all our attention at the company over the past 8 months restructuring and transforming the company to become a holding Company that will initially hold our mining joint venture as well as our Travel Software Company. With the addition of these extremely positive test results we will be moving forward with our mining partners getting them the equipment and funds required to get production of our mines off the ground. We expect to be up and running at our sites in approximately 3-6 weeks. Initially we will start processing 2,000 tons of tailings readily available on our property.
"For those shareholders that continued to have faith in the company we are very excited to report that we feel the toughest part is now behind us and we do see rewards in the near future," said Gregory Lykiardopoulos, Triton's CEO. The Geology report as well as the ALS findings are attached.
As we move forward the company is currently working with its legal team to form 3 separate entities under the Triton symbol and Triton will transform itself into a holding company. There will be three separate Companies that each will have its own operation, staffing, web-sites, etc., representing each entity under Triton's umbrella with many more companies expected to be added on with the assistance of Universal Holdings LLC, our Chinese partners.
Shareholders are advised that the initial business plan of the mining operations will be available for publishing in 2 weeks.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties.
PDF Attachment Available: http://media.marketwire.com/attachments/201104/...lysisRE11037275.pdf
PDF Attachment Available: http://media.marketwire.com/attachments/201104/...Report.14.22.11.pdf
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Contact:
Triton Distribution Systems, Inc.
Gregory Lykiardopoulos
CEO
415-381-4806 |
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