November 8, 2017 – Vancouver, BC – Trek Mining Inc. (TSX-V: TREK) (“Trek Mining” or “the Company”) is pleased to announce that its Financial Statements for the third quarter ended September 30, 2017 and the accompanying Management’s Discussion and Analysis are available for download on the Company’s website at www.trekmining.com and at www.sedar.com.
Quarterly Highlights and Recent Developments •Announced the signing of a definitive agreement with NewCastle Gold Ltd. and Anfield Gold Corp. to combine the three businesses to form a new multi-asset mining company named Equinox Gold Corp., to be led by Ross Beaty as Chairman
•Announced that Sprott Private Resource Lending (Collector), L.P. has received investment committee approval to provide Trek Mining with a US$85 million senior secured credit facility to be used for construction of the Aurizona Gold Mine (“Aurizona”) in Brazil
•Completed a feasibility study for Aurizona, supporting the viability of constructing an open-pit gold mine with a net present value of US$197 million and an internal rate of return of 34% based on a gold price of US$1,250 per ounce, and low initial capital costs of US$131 million
•Awarded the Aurizona EPCM work to Ausenco Engineering Canada Inc.
•Confirmed with exploration drilling that gold mineralization at Aurizona’s principal ore deposit extends at least 350 metres to the west along strike and also at depth below the existing reserve pit. A second phase 12,000-metre exploration drill campaign is underway
•Continued ramp-up of the Koricancha Mill in Peru with Q3-2017 sales of 3,195 ounces of gold
At September 30, 2017, the Company had C$76.3 million (US$61.0 million) in cash and marketable securities and no cash debt.
On Behalf of the Board of Trek Mining Inc.
Trek Minning Today Vol. 37.600
Time X Price Chg Vol Buyer Seller Markers
09:54:12 V 1.02 +0.01 500 33 Canaccord 1 Anonymous K
09:48:57 V 1.02 +0.01 5 85 Scotia 59 PI
09:48:57 V 1.02 +0.01 100 85 Scotia 1 Anonymous K
09:48:57 V 1.02 +0.01 5,000 1 Anonymous 1 Anonymous K