Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX:TGLDF) (FRA:0702)
(“Trillium Gold” or the "Company") is pleased to report on the
progress of drilling at the Company’s 80%-owned Gold Centre
Property. The property consists of one lease of 16 contiguous
historical mineral claims encompassing 253 hectares and is located
immediately adjacent to Evolution Mining’s Red Lake Operations
(EVN-RLO).
Trillium’s 2021 drill program was focused on the
north end of the property, comprising 9,329 metres in eight
drill holes, targeting Red Lake Mine stratigraphy, induced
polarization survey targets and the down-dip extensions of results
identified on adjacent properties. Several gold intersections were
made in core (see full listing in Table 1), the most significant of
which is in hole GC21-01, where visible gold (VG) was noted at
782.2 metres in a foliation-parallel shear associated with
arsenopyrite and hosted in a silica altered gabbro unit of the
Balmer assemblage, the host rock for the Red Lake Mine (see Figure
1).
Much of the gold mineralization encountered to
date is interpreted to be the down-dip equivalent of that found on
the adjacent property, proximal to an identified NNE-trending
structure, but importantly in rocks, alteration, veining and
mineralization closely resembling that at the adjacent producing
mine.
Russell Starr, Chairman, President &
CEO stated, “The proximity of the deep mineralization
zones at the Red Lake Mine, located within 350 metres of our Gold
Centre Property, provides further support that the west
southwest-dipping and southeast plunging mine trend may indeed
extend onto Gold Centre along strike at depth.”
William Paterson, Trillium Gold’s Vice
President of Exploration and former Exploration Superintendent for
Goldcorp’s Red Lake Gold Mines added, “Proving Gold
Centre’s continuity to the EVN-RLO has always hinged on identifying
the Balmer host rocks at depth which we have achieved. The results
to date have been positive and we are assembling vital evidence
that will allow us to focus in on the high-grade gold
mineralization believed to be present. We have observed all the key
components on this property that are analogous to the gold
mineralization next door.”
Figure 1: Close-up of visible
gold in sheared and altered gabbro associated with
arsenopyrite.https://www.globenewswire.com/NewsRoom/AttachmentNg/d683a4e0-9c91-45c6-abbe-6ac8ca0e3957
Detailed structural, veining and alteration
analyses of the core has identified four prospective geological
trends within the Gold Centre Property;
- Chert-magnetite iron formation
hosted, forming planar trends immediately below the Huston-Balmer
contact,
- Structurally controlled
gold-bearing and sulphide replacement of veins occurring midsection
of the gabbro rocks,
- Structurally and lithologically
controlled arsenopyrite- and gold-bearing quartz-feldspar porphyry
dykes (QFP),
- A NNE-trending
structure identified through surface mapping and drill hole
structural measurements. The importance and the geological extent
of this structure requires further investigation.
A deeper, fifth interpreted gold trend from
targets at depth at the neighbouring Red Lake Mine will be the
focus of the 2022 drill program.
The Balmer assemblage rocks are typical of those
observed at the Red Lake Mine, both in lithology and veining. They
are generally moderately to strongly foliated, veined
moderate-heavily by quartz-calcite (±carbonate). The intensity of
foliation and veining can lead to the development of calcite
(±quartz, ±carbonate, ±sericite) breccia faults, breccias and
calcite flooding. Alteration generally increases westward over the
property, being largely confined to the Huston-Balmer assemblage
contact in the east to more widespread and increasing in intensity
westwards. Biotite alteration, intimately associated with gold
mineralization at the Red Lake Mine, is more abundant towards the
west side of the Gold Centre Property and is brown to reddish brown
in color.
It has also been observed that sulphide
(pyrrhotite, pyrite, ±chalcopyrite, ±arsenopyrite) and magnetite
mineralization generally increases westward and selectively
replacing the calcite (±carbonate ±quartz) veins. It is also noted
that blue quartz eyes occur within a gabbro diorite unit, often
adjacent to sulphide mineralization, both above and below the
gabbro units and proximal to the Balmer mafic volcanics, again
similar to the Red Lake Mine.
Due to the significant delays in receiving assay
results affecting the entire industry, results for only the first
six drillholes have been received to date and are reported herein.
For drillholes GC21-07 and GC22-08 only the rock-types are shown.
Almost half of the assays, reported herein, were only recently
received.
Table 1: List of significant intercepts from
2021 drilling on Gold Centre (>0.1 g/t Au)
Hole ID |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
GC21-01 |
85.97 |
86.3 |
0.33 |
0.378 |
|
300 |
301 |
1 |
0.139 |
|
301 |
302 |
1 |
0.159 |
|
633.91 |
634.75 |
0.84 |
0.102 |
|
635.95 |
636.41 |
0.46 |
0.113 |
|
782 |
782.58 |
0.58 |
8.35 |
|
801 |
802.5 |
1.5 |
0.631 |
|
802.5 |
803.3 |
0.8 |
0.763 |
|
831.5 |
833 |
1.5 |
0.172 |
|
938.6 |
939.45 |
0.85 |
0.579 |
|
961 |
962 |
1 |
0.277 |
|
963.8 |
964.5 |
0.7 |
0.106 |
|
964.5 |
965 |
0.5 |
0.195 |
GC21-02 |
571.5 |
572.34 |
0.84 |
0.104 |
|
988.5 |
989.5 |
1 |
2.29 |
|
1028.35 |
1029 |
0.65 |
0.15 |
|
1135.5 |
1136.16 |
0.66 |
0.132 |
|
1136.16 |
1137 |
0.84 |
0.144 |
|
1155 |
1156 |
1 |
0.117 |
|
1161 |
1162.11 |
1.11 |
0.154 |
GC21-03 |
667.5 |
668.7 |
1.2 |
0.107 |
|
780.13 |
781.63 |
1.5 |
0.128 |
|
781.63 |
783.13 |
1.5 |
0.587 |
|
1219.5 |
1220.87 |
1.37 |
0.181 |
GC21-06 |
927.34 |
927.77 |
0.43 |
0.698 |
|
1199 |
1200 |
1 |
0.317 |
|
1219 |
1220 |
1 |
0.107 |
|
1241 |
1241.85 |
0.85 |
0.248 |
|
1241.85 |
1242.25 |
0.4 |
0.743 |
Table 2: Drill collar location, azimuth and dip
for drill holes included in this news release - UTM zone 15, NAD
83.
Hole |
Length (m) |
Easting |
Northing |
Elevation |
Azimuth |
Dip |
GC21-01 |
965 |
450827 |
5654998 |
372 |
5 |
-68 |
GC21-02 |
1292 |
450729 |
5654810 |
370 |
0 |
-65 |
GC21-03 |
1301 |
450641 |
5654570 |
370 |
14.6 |
-60 |
GC21-04 |
830 |
450890 |
5654710 |
374 |
15.31 |
-65 |
GC21-05 |
809 |
450810 |
5654504 |
363 |
14.8 |
-65 |
GC21-06 |
1374 |
450451 |
5654536 |
368 |
5 |
-60 |
GC21-07 |
1316 |
450913 |
5654762 |
365 |
305.3 |
-70 |
GC22-08 |
1442 |
450552 |
5654794 |
367 |
347.71 |
-70.1 |
Figure 2: Plan showing holes
GC21-01 through GC22-08 at north end of the Gold Centre Property,
significant gold values above 0.1 g/t Au and regional magnetics
survey.https://www.globenewswire.com/NewsRoom/AttachmentNg/94057fdf-cdc6-41f0-805f-b928a041d95f
All drilling was supervised by Richard Kowalski
and Samuel Lewis, P.Geo. The drilling was conducted by Rodren
Drilling Ltd., of West St. Paul, Manitoba and drill core was logged
and sampled in a secure core facility. Core samples from the
program were cut in half, using a diamond cutting saw, and half
cores were sent for analysis to Activation Laboratories Ltd. in
Dryden, ON, an accredited mineral analysis laboratory. All samples
were analyzed for gold using standard Fire Assay-AA techniques.
Certified gold reference standards, blanks and duplicates are
routinely inserted into the sample stream, as part of Trillium
Gold’s quality control/quality assurance program (QAQC) to monitor
accuracy and precision. No QAQC issues were noted with the results
reported herein. All drill intercepts reported are down-hole core
lengths, which do not necessarily represent true widths.
The technical information presented in this news
release has been reviewed and approved by William Paterson QP,
P.Geo, Vice President of Exploration of Trillium Gold Mines., as
defined by NI 43-101.
On behalf of the Board of Directors,Trillium Gold Mines Inc.
Russell StarrChairman, President & CEO
For further information, please contact Donna Yoshimatsu, VP
Corporate Development and Investor Relations at
dyoshimatsu@trilliumgold.com, (416) 722-2456, or
info@trilliumgold.com.
Visit our website
at www.trilliumgold.com.
About Trillium Gold Mines
Inc.
Trillium Gold Mines Inc. is a growth focused
company engaged in the business of acquisition, exploration and
development of mineral properties located in the Red Lake Mining
District of Northern Ontario. As part of its regional-scale
consolidation strategy, the Company has assembled the largest
prospective land package in and around the Red Lake mining district
in proximity to major mines and deposits, as well as the
Confederation Lake and Birch-Uchi greenstone belts. Recent examples
are the acquisition of the Willis property southwest of and
contiguous to the Newman Todd complex, and a definitive agreement
giving the Company control over a significant portion of the
Confederation Lake Greenstone Belt to more than 100 km in length.
In addition, the Company has interests in highly prospective
properties in Larder Lake, Ontario and the Matagami and Chibougamau
areas of Quebec.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary note regarding
forward-looking statements
This news release contains forward-looking
information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectations.
Forward-looking information is based on
management’s reasonable assumptions, estimates, expectations,
analyses and opinions, which are based on management’s experience
and perception of trends, current conditions and expected
developments, and other factors that management believes are
relevant and reasonable in the circumstances, but which may prove
to be incorrect. Such factors, among others, include: impacts
arising from the global disruption caused by the Covid-19
coronavirus outbreak, business integration risks; fluctuations in
general macroeconomic conditions; fluctuations in securities
markets; fluctuations in spot and forward prices of gold or certain
other commodities; change in national and local government,
legislation, taxation, controls, regulations and political or
economic developments; risks and hazards associated with the
business of mineral exploration, development and mining (including
environmental hazards, industrial accidents); inability to obtain
adequate insurance to cover risks and hazards; the presence of laws
and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities and
indigenous populations; availability of increasing costs associated
with mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining
necessary licenses, permits and approvals from government
authorities); and title to properties.
Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company disclaims any
intention or obligation, except to the extent required by law, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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