Trillium GOLD Commences Exploration at Its LEO Property IN the Red Lake GOLD CAMP
TRILLIUM GOLD COMMENCES EXPLORATION AT ITS
LEO PROPERTY IN THE RED LAKE GOLD CAMP
LARGE UNDEREXPLORED GOLD PROPERTY 35KM SOUTH OF
RED LAKE AND 15KM SOUTH OF GREAT BEAR’S DIXIE LAKE
PROJECT
HISTORIC WORK IDENTIFIED UNTESTED GOLD ANOMALIES
THAT ARE COINCIDENT WITH REGIONAL STRUCTURES
WESTERN PORTION OF LEO HAS NEVER BEEN EXPLORED
HIGH PRIORITY TARGETS FOR DRILLING WILL BE DEFINED BY
GEOPHYSICS, SAMPLING AND MAPPING WITH DRILLING
SLATED FOR LATE 2020 TO EARLY 2021 START
Vancouver, British Columbia, Canada – July 22, 2020 – Trillium Gold
Mines Inc. (TSXV:TGM) (“ Trillium” or the “ Company“), is pleased to
announce the commencement of the inaugural exploration program
on its Leo Property.
The 100% owned Leo Property is located 35 kilometers southeast of
Red Lake and covers an area of 210 sqkm. Recently, the area has
become the focus for renewed exploration and lies within 15
kilometers south of several properties held by Great Bear Resources,
including the Dixie Lake project. Leo is hosts similar geological
characteristics to these regional projects making this one of our most
exciting targets.
Russell Starr, Trillium Gold’s CEO and President comments “This is an
exciting time for Trillium Gold and its shareholders. Our projects are
located in one of Canada’s most prolific gold mining camps , and Leo
straddles 30 kilometers of prospective strike length. The
commencement of drilling on our Newman Todd property and an
aggressive exploration program at the Leo Property are the first steps
of a robust exploration program. These targets contain all the right
ingredients to make another Red Lake-type discovery. With the
impressive results generated at the nearby Dixie Lake project and an
improved understanding of gold mineralization controls in the
district, we expect to delineate high quality exploration targets for a
systematic drill program at Leo later this year.”
The Leo Project is one of the most prospective land packages in our
portfolio of projects with many geological similarities to the Dixie Lake
Project and our Newman Todd project. The six month, 2020
exploration program will provide a higher resolution understanding of
the structural and lithological controls on recognized targets at Leo,
whilst extending coverage to the unexplored western side of the
project area. A robust exploration program consisting of several
ground and airborne drone magnetic survey grids, terrain analysis,
soil and till sampling and outcrop mapping will provide the
information necessary to recognize and delineate future drill targets.
These are key factors to understanding the geology, structural
controls and alteration assemblages associated with gold
mineralization in the Red Lake gold camp.
Historic work over the project area has been sporadic and incomplete,
although in 2010 Laurentian Goldfields Ltd. ran an exploration
campaign that overlapped the eastern portion of Leo. An airborne
geophysical survey and soil sampling program identified four
anomalous gold-in-soil targets coincident with regional structures.
These structures appear to be splays from the central Sydney Lake
Fault Zone or regional folds and have never been followed up in the
field. The western portion of the property has never been explored
but its proximity to the convergence of the Sydney Lake and Pakwash
Lake Fault Zones suggest it may be a priority target area in the future.
Geology of Leo Project:
Leo is underlain by rocks of the English River and Uchi subprovinces
and is bisected by the Sydney Lake Fault Zone. The rocks are largely
composed of 2.7-billion-year-old metasedimentary lithologies which
have been strongly metamorphized and structurally deformed into a
tight, upright fold system. It is proposed that the regional faults acted
as delivery pathways for gold-bearing fluids which then reacted with
iron-rich lithologies to form gold deposits associated with typical
silica-carbonate alteration envelopes in favourable structural zones
within the folded rocks, similar mechanisms prevail throughout the
Red Lake camp.
Further to the Company’s news release on July 21, 2020, Russell Starr
has been appointed as a new director of the Company, effective July
21, 2020.
The technical information presented in this news release has been
reviewed and approved by Andy Randell QP, PGeo, a technical advisor
to Trillium Gold Mines, as defined by NI 43-101.
For further information about this news release and the Company’s
current activities contact [email protected], visit our website
at www.trilliumgold.com or call us at 604-688-9588.
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 British Columbia based company engaged
in the business of acquisition, exploration and development of
mineral properties located in the highly prospective Red Lake Mining
District of Northern Ontario.
Disclosure and Caution
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.