Trillium Gold Mines Inc. (TSXV:TGM, OTCQX:TGLDF,
FRA:0702) (“Trillium Gold” or the “Company”) is pleased to report
results from drill holes NT21-195 to -203 and RV21-36A at the
Company’s 100% owned Newman Todd (NT) Complex. Despite having been
drilled in the last quarter of 2021, final results from these holes
have only been received in late March 2022 due to the general
backlog in assay laboratory turnaround.
The group of drillholes was designed to follow
up on previous results and to initiate testing of newly interpreted
east-west (E-W) structural corridors cutting through the NT Zone.
Significant intersection highlights from these holes are listed in
Table 1 below and can be viewed on sections located on Trillium
Gold’s website at www.trilliumgold.com.
William Paterson, Trillium Gold’s Vice President
of Exploration added, “We continue to intersect significant
mineralization as we follow up on the known east-west structures
within the NT Zone and have received additional significant results
as we begin to test new interpreted structures further southeast
along the NT Zone. Our structural model and interpreted controls on
the gold mineralization seem to be holding up well. Further work is
necessary, but we are confident that subsequent drilling will yield
similar results as we continue our work. We also feel it is time to
commence testing high-priority structural targets both east and
west of the NT Zone in order to begin expanding the resource
footprint in the greater project area.”
Russell Starr, Interim Chairman, President and
CEO of Trillium Gold commented, “This program is the culmination of
months of piecing together a complex network of historic data that
encountered high grade intercepts lacking explanation and focused
almost entirely inside the NT Zone. These results have validated
our interpretation that several other structures displaying
significant widths of mineralization can be found by stepping out
of the Main Zone to enhance the value of the overall project. The
Newman Todd-Rivard project has yet to be meaningfully drilled
beyond 400 metres at depth and continues to evolve as a more viable
open-pit scenario with further informed drilling.”
Hole NT21-195 targeted high-grade Rivard-style
quartz vein mineralization along the footwall contact of the NT
Zone where two of the more significant results were found in
siliceous NT Zone breccia segments offset into the footwall along
E-W faults.
Holes NT21-196 and -197 followed up on previous
significant intersections associated with hole NT21-194 (9m @ 19.73
g/t Au) and the Camp Zone Fault (see NR dated September 23, 2021).
Hole NT21-196 was drilled above hole NT21-194 and intersected
mineralized portions of the NT Zone with veining containing visible
gold (VG) associated with galena and sphalerite, located in the
footwall contact area. Hole NT21-197 stepped back to collar in the
Camp Fault area testing the down-dip continuity of mineralization
and the E-W Main Zone Fault structure. Both holes returned numerous
significant assay results; NT21-196 throughout the hole, with VG
seen in quartz veins between 257.8m and 259.4m, and in the lower
portion of NT21-197, in the Main Zone Fault area. See
Figures 1 and 2.
In the south region of the Main Zone portion of
the NT Zone, a series of holes (NT21-198 to -203) were drilled to
the north and south across known and newly interpreted E-W breccia
fault corridors crossing the NT Zone, often seen associated with
better grade mineralization and Rivard-style quartz vein clusters
along the fault trends. The Rivard-style vein intersected in
NT21-202 at 262.25 - 264.2m contained multiple specks of VG and
assayed 4m @ 24.2 g/t Au. All the holes returned grades and widths
as expected, supporting the interpretation that these E-W
structural corridors are influencing and focusing gold in the NT
Zone.
In the southwest portion of the NT Zone, hole
RV21-36A was drilled to assist in refining the model for the south
portion of the NT Zone, as well as the SW Zone, and greatly extends
the depth and extents of known mineralization. The hole first
intersected the SW Zone showing patchy mineralization followed by a
second breccia zone, towards the southeast, correlating to the NT
Zone proper. In addition, the VG located in a sheared felsic
volcanic section (at 695.5m) and in a quartz lens (at 705.5m), in
the lower portion of the hole, expands the limits of VG occurrences
cored in the project area. The E-W fault corridor associated with
this gold mineralized zone is a new addition into our model for
future targeting. Two very significant intercepts were received
from this hole of 0.45m @ 17.5 g/t Au from 695.35m and 12m @ 3.08
g/t Au from 704m (including 1m @ 22.6 g/t Au). This hole was only
stopped due to diminishing drill productivity.
Figure 1: Geology plan showing the location of
drillholes NT21-195 to NT21-203 and
RV21-36A.https://www.globenewswire.com/NewsRoom/AttachmentNg/8dccceda-1d83-42e6-9bbe-3e507ae01e29
Figure 2: Long Section view
(looking northwest) showing NT Zone model, exploration block model,
historical results and significant intersections from NT21-195 to
NT21-203 and
RV21-36A.https://www.globenewswire.com/NewsRoom/AttachmentNg/aa8c2284-8eee-452a-9bd8-457a60aea60f
Table 1: Highlights of significant intercepts
from holes NT21-195 to -203 & RV21-36A. A full listing of
Significant Intercepts can be found on Trillium Gold’s website
(www.trilliumgold.com).
Hole ID |
From (m ) |
To (m) |
Width (m) |
Au (g/t) |
NT21-195 |
200 |
200.5 |
0.5 |
15.2 |
NT21-196 |
25.25 |
25.6 |
0.35 |
13.1 |
|
|
147 |
192 |
45 |
1.07 |
|
Incl. |
155.5 |
162 |
6.5 |
3.02 |
|
and |
160 |
162 |
2 |
5.35 |
|
|
224 |
236 |
12 |
2.23 |
|
Incl. |
226 |
232 |
6 |
4.18 |
|
and |
231 |
232 |
1 |
21.8 |
|
|
241 |
316 |
75 |
1.86 |
|
Incl. |
242 |
243 |
1 |
12.2 |
|
Incl. |
247 |
262.5 |
15.5 |
4.6 |
|
and |
258 |
259.45 |
1.45 |
35.86 |
|
Incl. |
266 |
268 |
2 |
4.58 |
|
Incl. |
283.3 |
291 |
7.7 |
2.43 |
|
and |
283.3 |
284 |
0.7 |
6.38 |
NT21-197 |
420 |
448 |
28 |
1.85 |
|
Incl. |
421.8 |
424.8 |
3 |
2.95 |
|
Incl. |
437.55 |
442 |
4.45 |
5.08 |
|
and |
439.4 |
440.15 |
0.75 |
24.3 |
NT21-198 |
506 |
508 |
2 |
5.14 |
NT21-199 |
223 |
257 |
34 |
1.14 |
|
Incl. |
224.8 |
230 |
5.2 |
2.53 |
|
and |
224.8 |
225.65 |
0.85 |
6.67 |
|
and |
229.4 |
230 |
0.6 |
9.85 |
|
and |
247 |
247.6 |
0.6 |
6.33 |
NT21-201 |
215 |
216 |
1 |
24.8 |
NT21-202 |
151 |
156 |
5 |
2.58 |
|
Incl. |
152 |
153 |
1 |
11.1 |
|
|
262 |
266 |
4 |
24.2 |
|
Incl. |
262.85 |
264 |
1.15 |
73.67 |
NT21-203 |
83.25 |
85 |
1.75 |
8.51 |
|
Incl. |
83.85 |
84.53 |
0.68 |
21.4 |
RV21-36A |
695.35 |
695.8 |
0.45 |
17.5 |
|
|
704 |
716 |
12 |
3.08 |
|
Incl. |
705 |
706 |
1 |
22.6 |
|
Incl. |
713 |
714 |
1 |
8.67 |
Table 2: Drill collar details for drill holes
NT21-195 to -203 and RV21-36A - UTM zone 15, NAD 83.
Hole ID |
Easting |
Northing |
Elevation |
Length (m) |
Dip |
Azimuth |
NT21-195 |
420400 |
5656370 |
359 |
342 |
-45 |
86 |
NT21-196 |
420835 |
5656584 |
365 |
336 |
-45 |
190 |
NT21-197 |
420905 |
5656679 |
359 |
462 |
-45 |
190 |
NT21-198 |
420366 |
5656216 |
366 |
570 |
-49 |
188 |
NT21-199 |
420498 |
5656071 |
367 |
422 |
-51 |
1 |
NT21-200 |
420500 |
5656177 |
367 |
272 |
-45 |
1 |
NT21-201 |
420500 |
5656177 |
365 |
572 |
-47 |
224 |
NT21-202 |
420349 |
5655855 |
358 |
383 |
-45 |
1 |
NT21-203 |
420354 |
5656037 |
360 |
263 |
-47 |
1 |
RV21-36A* |
420025 |
5655958 |
384 |
947 |
-62 |
135 |
* Note: Drillhole RV21-36 was abandoned
at 21m.
All drilling was supervised by Paul Barc, PGeo.
The drilling was conducted by Rodren Drilling Ltd., of West St.
Paul, Manitoba. Drill core was logged and sampled in a secure core
facility on site. 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 and Thunder Bay, ON, both
accredited mineral analysis laboratories. All samples were analysed
for gold using standard Fire Assay-AA techniques. Samples returning
over 10.0 g/t gold were analyzed utilizing standard Fire
Assay-Gravimetric methods. Any samples with results greater than
one ounce per ton gold were also analyzed with a standard 1 kg
metallic screen fire assay. 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. References to visible gold (VG)
are factual observations and should not be construed as
quantifiable grade.
The technical information presented in this news
release has been reviewed and approved by William Paterson QP,
PGeo, VP of Exploration of Trillium Gold Mines, as defined by NI
43-101.
For further information, please contact Donna
Yoshimatsu, VP Corporate Development and Investor Relations at
dyoshimatsu@trilliumgold.com, (416) 722-2456, or
info@trilliumgold.com, 604-688-9588.
Visit our website at www.trilliumgold.com.
On behalf of the Board of Directors,Trillium
Gold Mines Inc.
Russell StarrInterim Chairman, President,
CEO
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 non-binding LOI 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.
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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