Troubadour Adds a Third Highly Prospective Porphyry Target and Maiden Drill Program on Track to Start at Amarillo
Troubadour Adds a Third Highly Prospective Porphyry
Target and Maiden Drill Program on Track to Start at
Amarillo
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2018) -
TROUBADOUR RESOURCES INC.
(TSXV: TR) (the
"Company") announces a third highly prospective drill target, the 'Cap Anomaly', identified 1.6 kilometres north of the Trench
Anomaly (detailed in a Company news release dated Sept. 12, 2018) and the Company's upcoming maiden drill program,
focusing on the Trench Anomaly, is on track and targeted for completion by the end of 2018.
Key Highlights of the Cap Anomaly:
Textbook geophysical signature of a buried metal-rich porphyry system;
800m wide resistivity high capping a 400m wide strong chargeability core;
Strong chargeability anomaly coincident with a complementary resistivity low; and
An overlapping Cu, Mo, Bi, Pb and Zn soil geochemical anomaly.
The Cap Anomaly was identified through an expanded induced polarization ("IP") geophysical survey that revealed a
pronounced 800m wide and 150m thick resistivity anomaly draped over and around a 400m wide strong chargeable and
conductive core (refer to Figures 1 and 2).
Surface outcropping of a strong silica altered quartz feldspar porphyritic intrusion has
been mapped in the area with the silica flooding interpreted as the cause of the resistive anomaly.
The high chargeable
anomaly, fully capped and not exposed at surface, is interpreted as a textbook example of a buried mineralized core zone within
a classic porphyry model.
The distinct geophysical features of the Cap Anomaly combined with a high degree of silica alteration denoting the strength of
the impregnating fluids, a coincident Cu, Mo, Bi, Pb and Zn soil geochemical anomaly and a favourable host rock, all indicate a
highly prospective metal-rich porphyry target.
"The Amarillo Property continues to impress.
It feels like every where we look there is further support for a major mineralized
porphyry system underlying the property.
With numerous high quality drill target areas presenting themselves our upcoming
maiden drill program will focus on the most developed, the Trench Anomaly.
We are clearly excited to begin drilling in the coming
weeks," states Geoff Schellenberg, President and Director of the Company.
Figure 1:
Cross Section 6200E, 3D Inversion Resistivity and Chargeability Models of the Cap Anomaly
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5941/40955_ecfd016b442dcb44_001full.jpg
Figure 2:
Plan View, 75m and 200m Depth Slices of the 3D Inversion Resistivity Model of the Cap Anomaly
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5941/40955_ecfd016b442dcb44_002full.jpg
About T
roubadour Resources Inc.
The Company has been engaged in the acquisition and preliminary exploration of its 100% owned Amarillo Project located
approximately 30 kilometres west of the town of Peachland and 71 kilometres northeast of the town of Princeton, in southwestern
British Columbia, Canada.
The Amarillo Project consists of seven (7) mineral tenures totalling 4,178 hectares and is situated within the heart of a major
mining district.
The Amarillo Project exhibits anomalous enrichment in copper, molybdenum and gold; with skarn style
mineralization highly anomalous in tungsten also present.
The multi-element signature of the Amarillo Project is consistent with a large multi-phase mineralizing system and is acutely
similar to some of the neighbouring world-class mining operations; such as the Brenda Cu-Mo-Ag-Au porphyry mine located 10
kilometres to the north that produced 278,000 tonnes of copper, 66,000 tonnes of molybdenum, 125 tonnes of silver and 2
tonnes of gold over a twenty-year mine life (source: Brenda Mines website).
Troubadour's exploration team has worked diligently to define a 4 km long copper soil anomaly and IP chargeability anomaly that
is coincident with a historic trench that was reported in 1966 grading 0.87% copper over 125m
(1)
.
Over the intervening period
from the 1960's, the area received limited exploration such that the trench was subsequently mislocated. The opportunity was
lost until recent when the Company rediscovered the trench, acquired the surrounding ground and is now intent on unlocking its
potential.
Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has reviewed and approved the contents of this news
release.
(1)
Trench Data Source: Philip, R.H
.D. 1967; EMPR Assessment Report 01141 and Sutherland, Ian G.
1978; EMPR
Assessment Report 07790. Historical information is prese
nted for historical reference only and cannot be relied upon as the
Company's QP, as defined under NI 43-101, has not prepared
nor verified the historical information.
Forward Looking Infor
mation
Except for historical information contained herein, this new
s release contains forward-looking statements that involve risks
and uncertainties. Actual results may differ materially. Excep
t as required pursuant to applicable securities laws, the
Comp
any will not update these forward-looking statements to reflect eve
nts or circumstances after the date hereof. More
detailed information about potential factors that could affect financial resul
ts is included in the documents filed from time to
time with t
he Canadian securities regulatory authorities by the Company. Reade
rs are cautioned not to place undue reliance
on forward looking statements.
For further information please contact:
Troubadour Resources Inc.
625 Howe Street, Suite 488
Vancouver, BC, V6C 2T6
Geoff Schellenberg, President
Office: (604) 681-0221
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERV
ICES PROVIDER (AS THAT TERM IS DEFINED
IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
AC
CURACY OF THIS RELEASE.