News out for MMTE's sister company TTXP.

News out for MMTE's sister company TTXP.

Trillian Exploration is pleased to announce that Copper Island Mines is in receipt of a Technical Assessment Report for 2012. The report covers geological and geochemical data from the 2012 exploration program at its Copper Island Project, located on Quadra Island, British Columbia property. The report includes current geological and geochemical data and analyses. The report was completed by the company's Senior Consulting Geologist and Andris Betmanis (P.Eng.). Mr. Betmanis is a Qualified Person under NI (43-101).

The company is currently reviewing the report and expects to begin releasing details in the upcoming weeks including recommendations and details for the 2013 exploration and development program. Copper Island Mines Ltd. is in the process of working with the mentioned necessary personnel to produce a NI 43-101 compliant resource estimate which seeks to independently verify the 3.5 Million tonnes grading 2% Copper, the historical resource estimate.

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So what does this mean?  It means what I have stated in prior posts.  This press release speaks about a 2012 Technical Report.  All this is, is the self selected surface sampling mentioned in the previous press release, but nothing new.  Once again, the news release speaks of a NI43-101 resource study to be concluded in 2013, but no further details.  First off, this sounds a lot like what we were promised with MMTE.  Second, a NI43-101 costs thousands and thousands of dollars, takes time, requires typically hundreds of diamond drilled holes to determine the presense of economically minable mineralization, and this takes equipment and man-power.  How will Copper Island, Lazerson, or William pay for this.  The answer is dilution, because they have no other means of raising money.  They cannot get a loan or line of credit with a NI43-101.  I can't even remember how many times William said he was preparing for a NI43-101 for MMTE's lithium concessions, and that was a lot easier and less costly to produce than this one, because it did not require hard rock drilling and sampling.

Buyer Beware --- the scam continues.