Trillium Gold Develops Exploration Targeting Model for Newman Todd Zone in Red Lake
News Release
Trillium Gold Develops Exploration Targeting Model for
Newman Todd Zone in Red Lake
3000m drill program well underway
First drill hole recently completed on the Newman
Todd Structure since 2013
New exploration model to guide current program;
focus on targeting high grade infill sections, parallel
structures, and depth extensions
Metallurgical hole to test continuity of mineralization
within the hole and for met test work.
41% of the 166 historic drill holes include intervals
of > 20 g/t Au over various lengths
Over 55,000 meters of historical drilling into
Newman Todd prior to 2013
Vancouver, British Columbia, Canada – July 29, 2020 –
Trillium Gold Mines Inc. (TSXV:TGM) (“ Trillium” or the
“Company“), is pleased to announce that it has completed a
detailed targeting program with our exploration team and
technical advisors which have extensive geological backgrounds
within the Red Lake Mining Camp. The program involved
integrating all of the historical geologic, geochemical,
geophysical and drilling data to develop a better understanding
of the controls and distribution of gold associated within the
Newman Todd Structural-Stratigraphic Zone on Trillium’s
property holdings in the Red Lake camp.
Russell Starr, President and CEO states, “This is a very exciting
time for all Trillium shareholders as we begin a revitilized
exploration program on the underexplored Newman Todd
project. Newman Todd has historically delivered consistent high-
grade drill intersections in the past. With our new technical team
and better understanding of the Newman Todd structure and
mineralized controls, we hope to deliver tremendous value to
shareholders in the near future.”
Gold mineralization on the property is historically recognized to
be associated with the Newman Todd Zone (“ NTZ”), a 200m
wide structural-stratigraphic feature that trends northeasterly on
the Trillium property for about 2.2 kms and dips steeply to the
southeast. Most drilling to date has focused on testing the NTZ
by collaring in the footwall and drilling to the southeast,
potentially undercutting much of the target zone. With the new
understanding of the key structures and controls on
mineralization, we will drill to confirm continuity among historic
high grade intersections with a greater degree of confidence.
Historic drilling has always intersected high-grade gold when
drilling the NTZ. An indication of the high-grade potential of the
NTZ is indicated by 41% of the 166 historic drill holes
include intervals of > 20 g/t Au over various lengths. In
addition, nearly all drilling has been to depths less than
400m. Drilling prior to 2013 consisted of more than 55,000m of
core.
Some of the historical intersections of note are below:
Significant Drilling Intercepts at Newman Todd 2011 - 2013
Hole From (m) To (m) Core Length(m) Gold (g/t)
NT – 056 197.00 213.00 16.00 8.63
NT – 056 including 208.00 209.00 1.00 122.60
NT – 062 170.00 175.00 5.00 18.25
NT – 083 251.70 254.00 2.30 89.86
NT – 083 including 251.70 252.30 0.60 343.00
NT – 102 296.00 343.00 47.00 2.17
NT – 108 229.50 257.00 27.50 3.41
NT – 108 and 300.00 327.00 27.00 5.94
NT – 108 including 304.00 305.00 1.00 139.00
NT – 109 238.00 251.00 13.00 7.11
NT – 109 including 243.00 248.00 5.00 17.53
NT – 112 266.00 288.00 22.00 4.31
NT – 112 including 287.00 288.00 1.00 78.00
NT – 114 303.00 334.00 31.00 12.61
NT – 114 including 332.50 333.00 0.50 681.00
NT – 123 293.00 295.50 2.50 32.65
NT – 123 including 295.00 295.50 0.50 158.00
NT – 125 403.00 413.00 10.00 9.00
NT – 125 including 408.00 411.00 3.00 25.95
NT – 142 52.00 58.00 6.00 13.19
NT – 148 193.00 200.00 7.00 32.57
NT – 148 including 198.00 199.50 1.50 89.07
NT – 148 and 229.00 229.50 0.50 342.00
NT – 153 231.00 240.50 9.50 10.39
NT – 162 63.00 73.00 10.00 7.43
NT – 162 including 71.00 71.50 0.50 128.00
The new exploration model considers, weighs and integrates
previous drilling results with structural analysis from surface
mapping and core evaluation, analysis of geophysical survey
results and places these interpretations into a three-dimensional
framework to visualize components that are key to projecting
known ore shoots as well as presenting opportunities for the
discovery of new gold zones.
Based on this effort, it is recognized that gold mineralization
appears to show a preference for concentrating as high grade
shoots developed at the intersection of the axes of folds that are
parasitic to an important ENE trending F2 regional fold, together
with NNW trending cross structures or shears. A second order
control on gold distribution appears to be related to a previously
unrecognized, nearly horizontal structural feature that is
interpreted to be flat fault or axis of a recumbent fold.
An initial 3,000m drilling program is underway to evaluate the
effectiveness of these new geologic interpretations to unlock the
NTZ as well as other potential parallel zones.
(The technical information above is extracted from a 43-101
compliant technical report dated effective January 12, 2015 filed
by the Company on SEDAR.)
Engagement of Swiss Resource Capital
The Company announces that it will engage SRC Swiss
Resource Capital AG (“ SRC”) to provide investor relations and
communication services in Europe to increase exposure and
awareness to investors in the German speaking financial
community, Europe and worldwide through their unique
Commodity-TV & Rohstoff-TV IPTV channels. The Engagement
is for an initial term of twelve months and continuing on a
quarter to quarter basis thereafter. SRC will assist the
Company’s efforts to grow investor awareness and expanding
exposure to retail and institutional investors, including by
providing news dissemination and marketing services in
German. The engagement is subject to certain approvals,
including approval of the TSX Venture Exchange (TSX-V), at a
cost of 160,000 EUR for the initial 12 month period. SRC holds
currently 30,000 shares of the company.
The technical information presented in this news release has
been reviewed and approved by Robert W. Schafer QP, PGeo,
a director of 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.