Announces Copper Up on Weak US Dollar
New York, April 21, 2013 AEST (ABN Newswire) - Trilliant Exploration (OTCQB:TTXP) announced today that Copper rose on Tuesday helped by a weaker dollar, propped up hopes of more solid metals demand growth Three-month copper on the London Metal Exchange rose by 1.15 percent to close at $7,285 a tonne, from Monday's close of $7,202, when the metal fell to its lowest for 1-1/2 years.
Risk sentiment also turned more positive on Tuesday thanks to data showing that ground-breaking to build new U.S. homes rose in March to the highest level since June 2008, adding to evidence of a healthier housing market, which uses copper in construction. T-Commodity consultant Gianclaudio Torlizzi said. "From a long-term perspective the current copper price is exceptionally good for buyers but in the short term things might be a bit shaky." Reuters, reports that Copper stocks in bonded warehouses in Shanghai have fallen by about a fifth in the past month fanning hopes that Chinese importers will resume fresh orders soon. China is the world's biggest copper consumer, accounting for about 40 percent of global demand. A weaker dollar against a basket of currencies also supported copper prices.
Trilliant Exploration's Copper Island Mines Ltd. Project and its rights and claims are located 15km NW of Campbell River, British Columbia. Copper Island Mines Ltd. is the operator of a 3000 hectare property which is known for high grade chalcocite mineralization. The area has been under regular development and small scale production since 1915. The area contains one of the highest densities of copper prospects in British Columbia and is rated high for mineralization by the BCGS (British Columbia Geological Survey). Initial exploration on the Property was conducted by Dodge Copper in 1954 when 145 percussion holes were drilled outlining the Pomeroy areas. Exploration in the 1970's by Prince Stewart Mines and Quadra Mining resulted in a historic reserve estimate of 3.5 metric tons grading 2% copper. Exploration in the 1990's resulted in a historical resource estimate from all occurrences of 5.3Mt grading 1.98% copper, and is used for historical reference purposes only.
Contact
Contact: Mr. Mark Evans
Phone: (212) 203-0310
Email: info@trilliant-exploration.com
Web: www.trilliant-exploration.com
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