Trilliant Exploration Closes $2.42 Million Investment
Published July 8th, 2009
Trilliant Exploration Corp. (OTCBB: TTXP), a fully operational gold mining company based in southern Ecuador, announced today that it has closed on a £1.5 million ($2.42 million USD) capital investment from Benbrack Charkit Limited a foreign investor.
Mr. William Lieberman, President of Trilliant Exploration Corporation, stated, “We are exceptionally pleased to have closed this investment with Benbrack Charkit; this financing will greatly benefit Trilliant Exploration as we begin to develop new properties in our pipeline.”
Terms of the agreement and the use of proceeds will be detailed in upcoming days.
About Trilliant Exploration Corporation
Trilliant Exploration Corporation is a producing mineral exploration and development Company with its Administrative offices located in New York and principle operating concessions in Southern Ecuador, South America. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of ore, and reclamation of mining properties.
Trilliant Exploration is currently exploring new opportunities in El Oro province and is continuing its upgrade of Muluncaygold Corp S.A. The Company is well on track to ramp up its ore processing capacity to 200 tons-per-day by the third quarter of 2009 and plans to reach its goal of 750 tons-per-day within the next 18 months.
The company’s Muluncay Gold Project currently processes rock at 50 tons-per-day that produces an average of 6 to 8 grams of gold per ton from its concessions located in the center of the Portovelo-Zaruma mining camp. The Portovelo-Zaruma region has conservatively produced 4.5 million ounces of gold since 1905.
