- SGH surveys completed over seventeen gold targets across
Trillium Gold's 39,300 hectare Confederation Belt properties in the
Red Lake Mining District
- Several significant gold probability anomalies highlighted
over multiple target types
- Follow-up field work in 2022 expected to generate multiple
priority drill targets
VANCOUVER, BC, Jan. 11, 2022 /CNW/ - Trillium Gold Mines
Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA:
0702) ("Trillium Gold" or the "Company") is pleased to report
findings from the spaciotemporal geochemical hydrocarbon (SGH)
sampling program completed during the summer on the Company's
Confederation Belt properties. The 39,300 hectare contiguous land
position lies directly on trend with important discoveries
currently unfolding in the Red Lake Mining District and represents
one of the largest and most prospective land packages assembled.
Concurrent with the program, prospecting and sampling was carried
out over the property which results are still pending.
Independent results and interpretations provided by Activation
Laboratories Ltd. ("Actlabs"), from the 17 SGH regional soil
sampling grids (Figure 1), identified numerous gold pathfinder
anomalies (with rating categories ranging from 1-6), establishing
the gold exploration potential of the Company's properties. These
encouraging anomalies will serve as priority targets for Trillium
Gold's second phase of exploration work in the 2022 field season
and, together with the sampling and prospecting program carried out
concurrently, are expected to generate multiple drill targets.
William Paterson, Trillium Gold's
VP of Exploration added, "The newly identified relationships among
SGH-generated gold targets, historical gold assays and possible
structural and lithological controls, effectively launch
Trillium Gold's Confederation belt properties into a new era in
gold exploration. Based on the interpretation to date of the
SGH reports, it appears that multiple styles or generations of
processes are potentially responsible for the anomalies, and,
therefore, more than one target type for gold exploration on these
properties."
Russell Starr, President and CEO
of Trillium Gold commented, "Our strategy to consolidate the
greenstone belt over the last year has positioned Trillium Gold as
the most dominant exploration company in the Red Lake Mining
District today. Several of Trillium's contiguous claim blocks share
the same stratigraphy with that of the Dixie LP Fault and extend
eastward along the Birch-Uchi belt where other important
discoveries are unfolding.
Many of these former VMS-rich districts have proved to be well
endowed for gold, and with Red
Lake having already produced 29 million ounces of high-grade
gold1 with infrastructure, mills and roads, we believe
we are at the nexus of this rapidly developing gold
camp."
1 Lewis, S.O., Ravnaas, C., Dorado-Troughton, M.,
Ferguson, S.A., Pettigrew, T.K., Dorland, G. and Patterson, C.
2021. Report of Activities 2020, Resident Geologist Program, Red
Lake Regional Resident Geologist Report: Red Lake and Kenora Districts; Ontario
Geological Survey, Open File Report 6371, 95p. [Table 4 on pg.
8].
The three smaller grids in the southwest of the Joy Block were
designed as orientation surveys over known base metal and minor
gold mineralization intersected in historical drilling. A large
portion of the Joy-Copperlode Blocks are covered by variably
conductive outwash and deglaciation sediments (not locally derived)
and despite no outcrop identified in these areas, all three
returned anomalies, the western-most two confirming the method over
known drill hole results.
Based on a synthesis of previous work reviewed to date by
Company geologists, these anomalies appear likely spatially
associated with more than one type of control (i.e.,
late-stage structural, lithological, as well as possible earlier
structures (syn-volcanic?), as previously interpreted in historical
work). The location of the anomalies is directly on trend with
regional-scale faults (as at Great Bear's Dixie Project) and
provide a new framework on which to focus gold exploration in the
belt and region.
Several new target areas have also been confirmed where
historically very little exploration work has been conducted
(e.g., the northern-most anomaly on the Copperlode property,
I-anomaly, Figure 1). These new discoveries provide exciting
new targets for follow-up work.
On the Copperlode West block, the F-anomaly is a
highly-rated anomaly cut by a NW-SE trending magnetic lineament
(possibly D2 orientation?) and represents one of the
more encouraging targets in the area. Also of high-rating is the
I–anomaly which lies on the western extension of an EM
conductor in an area with no known historical geological,
geochemical or geophysical surveys. The J-anomaly was
identified as a potential Redox zone by Actlabs, similar to that at
the Dixie Hinge and Limb zones sampled by Great Bear Resources
(news release August 1, 2019).
The Block B anomaly is also highly rated and shows
parallel responses coincident with a magnetic high trend, and
coincident with or flanking a NE trending EM conductor.
The Block 1 anomalies lie within stratigraphy
representing the eastern extension of that hosting the
copper-molybdenum mineralization near Fredart Lake. The two
geochemical signatures appear to be on strike from one another,
hosted by iron formation or ferruginous sediments. There has been
very little historical work in this area. The Lucky 7
anomaly lies within an EM conductor trend that has been drilled,
off-property, intersecting gold values up to 4 g/t over 1.5ft. Grab
samples in the drilled area also ran up to 13 g/t gold.
The Block 2 anomaly, among the highest rated by Actlabs,
shows a significant number of high contrast peaks over a large,
600m x 450m area. Actlabs identify it as a segmented
nested-halo anomaly coincident to that of the Redox zone. The
potential for gold mineralization here is believed to possibly
exist directly below this anomaly.
The Fly-Moth N and S grids serve as extensions to
exploration work on known prospective and mineralized trends
associated with the past-producing South Bay Mine. There are
anomalous gold values in historical lithogeochemical samples in the
general area around the mine; however, samples further towards the
southwest were not assayed for gold. The SGH grids fill in the data
gaps and successfully highlight new gold anomalies. These anomalies
are highly rated and show characteristics of Redox Zones as
well.
Here, the controls on processes responsible for the development
of these anomalies likely reflect a complex interplay between
lithology and structure. There appears to be some, but not
exclusive, spatial lithological control locally (e.g., near
Triangle Lake) as the anomalies are associated with minor intrusive
rocks which themselves were previously interpreted as fault
controlled. However, one anomaly coincides directly with a
previously mapped rhyolite tuff unit suggesting the possibility of
lithologically hosted gold.
Equally, the geometry of elevated gold in this package of rocks
could be suggestive of syn-volcanic fault-controlled
mineralization. At the southern edge of Triangle Lake, historical
work identified anomalous gold that coincides with a previously
mapped fault. These types of relationships bear investigating for
refinement or confirmation of ideas with follow-up exploration work
planned for 2022.
The Block 3 anomaly coincides with several important
features: a regional-scale fault trace, a major volcanic break
(cf. Thurston et al, 1980), and a property scale transition
from felsic to mafic volcanic rocks. Historical work on the
property identified several sulphide zones and/or geophysical
conductors. The few historical drill holes in the general area,
inconsistently sampled for base metals and even more infrequently
for precious metals, do show elevated copper, zinc and gold in
these sulphide horizons.
Conversely, in the direct vicinity of the anomaly, virtually no
geochemical work has been performed, and there are only two known
drill holes, the locations of which remain uncertain.
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.
Visit our website at www.trilliumgold.com.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
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. 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 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.
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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SOURCE Trillium Gold Mines Inc.