Targeting the down-plunge continuation of Red
Lake Mine mineralization and untested near-surface geophysical
targets
VANCOUVER, BC, May 19, 2021 /CNW/ - Trillium Gold Mines
Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) ("Trillium
Gold" or the "Company" announces that an 8,000 metre drill program
will commence shortly on the 80%-owned Gold Centre property immediately adjacent to
Evolution Mining's Red Lake Operation ("EVN-RLO"). Trillium Gold
operates the Gold Centre property
as an 80%/20% Joint Venture with Rupert Resources Ltd.
(RUP:CVE).
The most recent drilling program on the property was conducted
from 2004 to 2008 by Rupert Resources, focused on ultra-deep
targets under the south end of the property, intersecting Red Lake
Mine mineralization at depths below 3,400 metres. Until recently,
hole RUP-07-01C was a record-breaking, deep hard rock diamond drill
hole at 3,411 metres in depth. Trillium received the permit for
Gold Centre exploration in early
February 2021 and planned to
undertake the drill program after the spring thaw. All available
historical data on the property has been compiled and drill targets
defined for Phase 1 drilling. Trillium Gold has engaged the former
Project Manager for Rupert Resources' drill programs in 2004 to
2008 who will supervise the drilling.
From Rupert's induced polarization (IP) survey in 2013, a total
of 9 anomalous trends have been interpreted on the Gold Centre property, three of which are
identified on the North Grid as strong to very strong.
Two are indicative of a sulphide mineralization source,
potentially associated with a complexly folded/faulted contact
between the Huston conglomerate and Balmer mafic metavolcanic
rocks. This appears to be coincident with the southeasterly
extension of a regional scale fault mapped on the EVN-RLO property.
An additional strong, very anomalous trend has been identified on
the South Grid. The proximity of the Far East Zone at the EVN-RLO
provides further support that the southwest-dipping Red Lake Mine
trend potentially extends onto the Gold
Centre property at depth.
Russell Starr, CEO of Trillium
Gold commented, "The Gold
Centre property lies just 350 metres from Evolution Mining's
underground development at the Red Lake Mine where 100,000 metre
program is underway to explore extensions of the Cochenour and Red
Lake deposits. The favorable Balmer volcanics that host
several gold deposits at the adjacent Red Lake Mine have been
identified in drill core and on surface at Gold Centre from the 2013 geological mapping
program. If we are successful in demonstrating that this
prolific gold structure continues onto the Gold Centre property, it will validate our
strategic focus on acquiring one of the largest district scale
positions in North America's most
important gold camp."
"We are looking forward to drilling on Gold Centre. We know there are Balmer
volcanics below our feet and we need to start systematically
drilling to intersect gold. The program we have laid out provides
the optimal opportunity in that it tests a range of targets with a
higher density at more manageable depths. Once we have established
intersections, we can then begin to expand on them and follow them
deeper", stated Bill Paterson,
Trillium Gold's Vice President of Exploration.
Trillium Gold's proposed 2021 drill program comprises
approximately 8,000 metres in 8 holes on the north of the property.
These holes have been laid out to target:
- near-surface geophysical anomalies identified in the 2013
ground magnetic and IP surveys but never tested, and;
- the prospective corridor of Balmer stratigraphy and structures
hosting the EVN-RLO mineralization.
Proposed holes range from 750m to
1,400m in length, to test up to 500
metre intercepts of Balmer stratigraphy on a 200m grid pattern. While drilling progresses,
ground-truthing of historical data will be undertaken. This will
include downhole directional surveys to assess the viability of
using these historical holes as pilot holes for future wedge cuts
to depth.
Geological Survey of Canada
mapping (Sanborn-Barrie, 2004) indicated the northern portion of
the Gold Centre property is
underlain by volcanic rocks of the Balmer assemblage, unconformably
overlain by metasediments of the Huston assemblage in the central
portion of the property and metavolcanics of the Confederation
assemblage in the south.
Exploration on the Gold Centre
property began in 1945 with limited grassroots exploration
programs, including geological mapping, ground geophysical surveys
and trenching. Between 1957 and 1980, the property saw intermittent
exploration, including the completion of 1,875m of diamond drilling in 14 shallow diamond
drill holes (<400m) and 1 deep
hole (1,080m) which intersected
prospective stratigraphy.
Rupert Resources acquired the Gold
Centre property in 1996 and exploration focused on targeting
the down-plunge continuation of the high-grade mineralization
occurring on the EVN-RLO property. In 1996 and 1998, 2 drill holes
for 3,500m were completed along the
western property boundary. Between 2004 and 2008, RUP completed
approximately 12,600m of drilling in
a series of 2 mother holes and 10 daughter wedge holes collared in
the southeast corner of the property, reaching a maximum depth of
3,411m. Although only weakly
mineralized intercepts were encountered, the deep drilling programs
confirmed the presence of the prospective Balmer stratigraphy at
depth on the Gold Centre
property.
All drilling work will be supervised by Richard Kowalski, formerly the Project Manager
for Rupert Resources' drill programs in 2004 to 2008. The drilling
will be conducted by Rodren Drilling Ltd., of West St. Paul, Manitoba. Drill core will be
logged and sampled in a secure core facility and core samples will
be cut in half, using a diamond cutting saw, and half cores sent
for analysis to Activation Laboratories Ltd. in Dryden, an accredited mineral analysis
laboratory. All samples will be analysed for gold using standard
Fire Assay-AA techniques. Samples returning over 10.0 g/t gold will
be analyzed utilizing standard Fire Assay-Gravimetric methods.
Selected samples with results greater than one ounce per ton gold
will also be analyzed with a standard 1kg metallic screen fire
assay. Certified gold reference standards, blanks and duplicates
will be routinely inserted into the sample stream, as part of
Trillium Gold's quality control/quality assurance program (QAQC) to
monitor accuracy and precision.
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. The
qualified person has not verified the data disclosed from previous
reports, including sampling, analytical, and test data underlying
the information or opinions contained in the written
disclosure.
Visit our website at www.trilliumgold.com.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
"Russell Starr"
Russell Starr
President, CEO and Director
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. The Company recently
extended its holdings in the Confederation Lake and Birch-Uchi
greenstone belts, as well as in highly prospective properties in
Larder Lake, Ontario and the
Matagami and Chibougamou 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.
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
expectation. 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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SOURCE Trillium Gold Mines Inc.