TRX Minnig claims are estimated to be 722 hectares, of which 196 hectares is said to be on top of hard rock deposits and 546 hectares on iron ore deposits. There are a total of 59 TRX mining claims in the region, with the company earning over 60,000 ounces of gold from them since its arrival.

The latest update about TRX mining claims has been made by one of its managers, David Meredith. He stated that TRX has acquired four additional mining claims at its Trench Hill mining claims. However, TRX has made no comments about the mining claims owned by Cadia Resources Ltd. (ASX:CAD).

Previously, TRX had entered into a joint venture with Cadia Resources, and each company had a 51% stake in the mining claims located around TRX’s TRX Trench Hill mining claims. TRX’s mining claims are said to be situated in Cadia Hills, seven kilometers from TRX Trench Hill mining claims.

Although TRX hasn’t been able to obtain substantial exploration and mining work from Cadia Resources, it seems confident that the acquisition of mining claims by Cadia Resources will provide opportunities for TRX.

Trimarc has indicated that it is committed to conduct a drilling program in TRX mining claims this year. Another report by Australian Securities Exchange states that the TRX mining claims are held by Marapnoa Resources Ltd. (ASX:MAR), which is an indirect subsidiary of TRX.

On August 4, the company announced that it has completed the sale of its TRX Trench Hill mining claim and other mining claims to Aquila Resources for AUD$2 million. Also, the company had received an additional AUD$2.5 million in payment from Aquila Resources on July 31. However, TRX stated that the purchase price for mining claims could be reduced to AUD$1.75 million, if Aquila Resources fails to conduct mining work.