Trillium Gold to Accelerate Exploration; Maximize Unique Land Position Advantages in Red Lake, Ontario
Trillium Gold to Accelerate Exploration; Maximize Unique Land
Position Advantages in Red Lake, Ontario
VANCOUVER, BC, July 6, 2023 - Trillium Gold Mines Inc. (TSXV: TGM, OTCQX: TGLDF, FSE:
0702) (“Trillium” or the “Company”) is pleased to provide details of its exploration focus and next steps
for growing shareholder value. Having successfully completed its merger with Pacton Gold, the Company
is positioned to emerge as a dominant explorer in the famous Red Lake Mining District – home to major
gold producers such as Kinross Gold (TSX: K) and Evolution Mining (ASX: EVN). With the largest, most
strategic land position in the District, the Company plans to roll out aggressive exploration programs at key
locations, including the Newman Todd project which features no less than 10 high-grade gold zones and
recent drilling intercepts with bonanza grades.
Company Highlights
Strategic Position Unique to Red Lake. Bordering five mines and advanced projects, including
Evolution’s Red Lake operations, Kinross’ Dixie project and First Mining’s Springpole project.
• Major Mineralization with Expansion Potential. Newman Todd project hosts 10 high-grade
zones along a 2.1 km strike, including a large and shallow historic 43-101 compliant resource
estimate.
• High Grades on Property. The last two holes press relea sed at Newman Todd encountered
bonanza grades such as NT22-211 with 40.56 g/t Au over 4.18 m, including 214 g/t au over
0.30 m and NT22-212 with 8.75g/t Au over 20.4m, including 549 g/t Au over 0.3 m.
• Extensive Drill Results and Sampling Data base Including Numerous Exploration
Hotspots. Over $60 million has been spent exploring this remarkable portfolio, with survey,
mapping, sampling, and drill results covering over 89,600 ha.
• Joint Venture with Evolution Mining. Sidace project is jointly owned with Red Lake’s senior
producer and includes three high-grade zones, each of which is open along strike and at depth.
• Additional Upside from Critical Metals. While the portfolio is primarily focused on gold,
work programs have previously encountered significant occurrences of critical metals.
Nav Dhaliwal, President, CEO and Director of Trillium, commented, “ With the Pacton Gold merger
complete, the way is paved for the Company to become an exploration powerhouse in the Red Lake Mining
District. Our unique strategic position, enriched by major mineralization, high grades, and a robust
exploration database, creates an unprecedented opportun ity for accelerated growth. Our plans include a
significant drill program, targeting the promising zones on the Newman Todd project, while also exploring
potential at our extensive regional land package. This is a momentous time for our company as we embark
on this new phase of exploration and value creation.”
Exploration Strategy
The Company plans to conduct a significant drill program expected to commence by September. The
campaign will include expansion drilling at the New man Todd project, where minimal drilling has been
conducted below 400 m and along strike of existing zones. In previous drilling at Newman Todd, more than
40% of holes have intersected grades more than 20 g /t Au over a variety of intervals, which suggests an
extensive, strongly mineralized system with room fo r expansion. Drilling will al so be conducted at high
priority regional targets on the newly combined la nd package including the Confederation, Gullrock and
Main Red Lake properties.
Additionally, the Company will be fo llowing up on previously identifie d occurrences of critical minerals.
The business case and growth prospect for battery metals is robust, and both the federal and provincial
governments are aggressively supporting the growth of domestic battery supply chains.
Dale Ginn, P.Geo., Executive Chairman & Director of Trillium, is a Qualified Person as defined under NI
43-101. Mr. Ginn has reviewed and approved the scientific and technical information in this press release.
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. The recent completion of the acquisition
of Pacton Gold Inc. extends Trillium’s ownership in Red Lake to over 89,600 hect ares of prospective and
diversified exploration properties with significant potential for gold and critical minerals on trend with the
major structures hosting known gold occurrences in the Red Lake mining district today. A portfolio of
prospective projects in Western Australia has also been acquired.
Visit Trillium’s website at www.trilliumgold.com.
For further information, please contact:
Trillium Gold Mines Inc.
Nav Dhaliwal
President, CEO and Director
Tel: 604-678-5308
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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