Troubadour Completes Phase 1 Drilling at the High-Grade Texas Gold Project
Troubadour Completes Phase 1 Drilling at the
High-Grade Texas Gold Project
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2021) -
TROUBADOUR RESOURCES
INC.
(TSXV: TR) (OTC Pink: TROUF) (the "Company") is pleased to provide an update on its drilling
program at the 2,186-hectare Texas property located near the town of Beaverdell in southern B.C.
Phase one of the diamond drilling program has now been completed with 25 shallow holes totaling
2,090 meters of "HQ" size drill core. The program was designed to test a number of newly identified
geophysical and geochemical targets, as well as identify geological controls and the potential source of
bonanza-grade samples at the Doorn and Cabin targets and the bulk tonnage-grade andesite and
altered granodiorite that host these veins.
Phase 1 rock sampling results targeted by drilling at the Doorn
target area include
373.8 g/t (12 oz/t) gold
and
1305 g/t (42 oz/t) silver
and
220.1 g/t (7 oz/t) gold
and
827 g/t (26 oz/t) silver
from grab samples* (see Company news release dated March 10, 2021).
*Grab samples are by definition selective. Grab samples are solely designed to show the presence or absence of mineralization, and are not
intended to provide nor should be construed as a representative indication of grade or mineralization at the Project.
All drill holes intersected altered granodiorite or andesite with varying degrees of mineralized veining
and alteration halos. The drill core is being processed by the geological team, and samples are being
sent to the analytical lab on an ongoing basis.
"Due to the favorable late spring weather and the hard, efficient work of the entire team we were able to
complete the planned drill program on time and on budget.
We were successful in our stated goals, and
we are eagerly awaiting assay results from this program," states Geoff Schellenberg, Company
President.
About the Texas Project
The road accessible Texas property covers historical mineral showings and is located 3 km southwest of
the town of Beaverdell and in close proximity to the past producing Beaverdell Mine
1
that was in
operation from 1896 to 1991.
The property covers ground prospective for vein hosted and bulk tonnage
precious metal deposits, based on at least seven historical and newly discovered gold occurrences on
the property and geological comparisons with the nearby Beaverdell Mine
1
.
Several showings are
present on the property, including two old mines and many older trenches, pits and adits that expose
mineralized veins.
The Beaverdell mining camp is predominately known for its silver production and the
presence of high-grade gold occurrences makes the Texas property unique and significantly more
attractive.
Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the exploration
data disclosed, including sampling, analytical and test data contained in the written disclosure, and has
reviewed and approved the contents of this news release.
About Troubadour
TROUBADOUR RESOURCES INC. (
TSXV: TR
) (
OTC Pink: TROUF
)
is a public Canadian mining
exploration company focused on copper and gold in British Columbia, Canada. The Company is
managed by an experienced team consisting of youthful and seasoned professionals with proven track
records as mine finders.
The newly acquired Texas gold property diversifies the Company's commodity
focus and compliments Troubadour's Amarillo copper project located 10 km south of the past-producing
Brenda Mine in southern BC and 35 km east of Kodiak Copper's MPD discovery.
For further information please contact:
Troubadour Resources Inc.
625 Howe Street, Suite 488
Vancouver, BC V6C 2T6
Geoff Schellenberg, President
Office: (604) 681-0221
Forward-Looking Information
Except for historical information contained herein, this news release contains forward-looking
statements that involve risks and uncertainties. Actual results may differ materially. Except as
required pursuant to applicable securities laws, the Company will not update these forward-looking
statements to reflect events or circumstances after the date hereof. More detailed information about
potential factors that could affect financial results is included in the documents filed from time to time
with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to
place undue reliance on forward-looking statements.
NEITHER THE 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.
1
.
Referenced nearby historic resources, deposits and mines provide geologic context for the Project, but are not necessarily indicative that
the Project hosts similar potential, size or grades of mineralization.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/85474