Trillium Gold’s Gold Centre Drilling Update Targeting Red Lake Mine Stratigraphy
NEWS RELEASE
Trillium Gold’s Gold Centre Drilling Update
Targeting Red Lake Mine Stratigraphy
Vancouver, BC, Canada – November 28, 2022 – Trillium Gold Mines Inc. (TSXV:TGM ,
OTCQX:TGLDF, FRA:0702) (“Trillium Gold” or the “Company”) is pleased to provide an update on
the Company’s 2022 exploration and drilling activities at its Gold Centre project in Red Lake,
Ontario.
The Gold Centre property encompasses 253 hectares and is located immediately adjacent to
Evolution Mining’s Red Lake Operation (RLO) which to date has produced more than 25 million
ounces of gold at an average grade of 15 grams per tonne. The property offers significant exposure
to extensions of Red Lake Mine g old mineralization in the heart of th is world-class gold mining
jurisdiction.
Since January 2022, a total of 4,950 metres in five holes were drilled, including GC22-10 which
contained eight wedges. Trillium’s 2021 drill program focused on the north end of the property, with
eight drill holes targeting Red Lake Mine stratigraphy above 900 metres vertical depth. The winter-
spring 2022 program completed the initial phase of drilling and progressed to testing deeper in the
stratigraphy, targeting the modeled up-plunge projection of the deep mineralization at the RLO, at
around 1,400 metres vertical depth.
Bill Paterson, Trillium’s Vice -President of Exploration summarized the program as follo ws: “The
results to date have been positive with good evidence that correlates with the high -grade
gold mineralization believed to be present on the property. From the start, our drilling program
successfully identified the Balmer host rock at depth which is a key criteria to demonstrating
continuity with the RLO. We believe there is reasonable potential to tap into the gold-bearing mine
stratigraphy drilling to depths of 2,000 metres and beyond to intersect gold mineralization on strike
from the operation.”
All the key components that are ubiquitous to the gold mineralization immediately to the west have
been observed and the alteration is seen generally increasing westward over the property.
The Balmer assemblage rocks are typical of those observed at the Red Lake Mine, both in lithology
and veining and are generally moderately to strongly foliated, veined moderate -heavily by quartz-
calcite (±carbonate). Biotite alteration, intimately associated with gold mineralization at the Red
Lake Mine, is more abundant to wards the west side of the Gold Centre Property and is brown to
reddish-brown in colour.
Figure 1: Plan showing drill holes GC21-01 through GC22-11 on the Gold Centre Property and the
regional magnetics survey. Assays shown in g/t gold.
All significant results > 0.5 g/t Au from all drilling are presented in the following table . A full listing
of all significant results >0.1 g/t Au can be found on the website at www.trilliumgold.com.
Hole From (m) To (m) Width (m) Au (g/t)
GC21-01 782 782.58 0.58 8.35
801 802.5 1.5 0.631
802.5 803.3 0.8 0.763
938.6 939.45 0.85 0.579
GC21-02 988.5 989.5 1 2.29
GC21-03 781.63 783.13 1.5 0.587
GC21-06 927.34 927.77 0.43 0.698
1241.85 1242.25 0.4 0.743
GC21-07 1233.5 1235 1.5 0.648
GC22-08 818.44 819.17 0.73 5.67
1319.25 1320 0.75 1.68
1320 1321 1 0.708
Gold Centre 2022 drill hole details are listed below - UTM zone 15, NAD83.
Hole Number Easting Northing Elevation Depth (m) Dip Azimuth
GC21-07 450913 5654762 365 1316 -70 305.3
GC22-08 450552 5654794 367 1442 -70.1 347.71
GC22-09 450913 5654828 369 191 -80 180
GC22-10 450915 5654829 369 950 -80 215
GC22-11 450605 5654443 365 1614 -80 215
Note: GC22-10 also had a further 597 metres of drilling in 8 wedged segments for total of 1,547 metres.
Gold Centre drilling was supervised by Richard Kowalski and Samuel Lewis, 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.
Core samples 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 laborator y. All
samples were analyzed 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 assuranc e program (QAQC) to
monitor accuracy and precision. No QAQC issues were noted with the results reported herein.
All drill interval lengths and widths referenced herein are measured downhole.
The technical information presented in this news release has bee n reviewed and approved by
William Paterson QP, PGeo, VP of Exploration of Trillium Gold Mines, as defined by NI 43-101.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
Russell Starr
Director, President & CEO
For further information, please contact Donna Yoshimatsu, VP Corporate Development and
Investor Relations at [email protected], (416) 722-2456, or [email protected].
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
one of the largest prospective land packages in and around the Red Lake mining district in proximity
to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone
belts. In 2022 the Company closed a number of acquisitions effectively extending its contiguous
land position over more than 100 km of favourable structures on trend with Kinross Gold’s Great
Bear Project and Evolution Mining’s Red Lake Operation. 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 cur rent
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 incorre ct. 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 (Incl. 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 (Incl. 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.