Trillium Gold Discovers Multiple Gold Anomalies Along Confederation Belt Properties in Red Lake, Ontario SGH surveys completed over seventeen gold targets across Trillium Gold's 39,300 hectare Confederation Belt properties in the Red Lake Mining
Trillium Gold Discovers Multiple Gold Anomalies Along Confederation Belt
Properties in Red Lake, Ontario
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
gold
1
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.
Figure 1: Project wide view of Spatiotemporal Geochemical Hydrocarbon (SGH) sampling grids highlighting several newly discovered gold anomalies on Trillium
Gold Mine's Confederation belt properties. Geology from the Geological Survey of Canada Open File 4256. (CNW Group/Trillium Gold Mines Inc.)
On the Copperlode West block, the
F-anomaly
is a highly-rated anomaly cut by a NW-SE trending magnetic lineament (possibly D
2
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.
Figure 2: Detailed view showing Block 2, Block 3 and Fly-Moth SGH anomalies. The spatial geometry of the anomalies, historical gold data, lithological, and
structural features might suggest a relationship. Geology from the Geological Survey of Canada Open File 4256. (CNW Group/Trillium Gold Mines Inc.)
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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For further information:
please contact Donna Yoshimatsu, VP Corporate Development and Investor Relations at [email protected], (416) 722-
2456, or [email protected].
CO: Trillium Gold Mines Inc.
CNW 07:00e 11-JAN-22