Troubadour Drills High-Grade Polymetallic Veins and Discovers Gold-Rich Bulk Tonnage System at the Texas Project
Troubadour Drills High-Grade Polymetallic
Veins and Discovers Gold-Rich Bulk Tonnage
System at the Texas Project
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2021) -
TROUBADOUR RESOURCES INC.
(TSXV: TR) (OTC Pink: TROUF) (the "Company") is pleased to provide drill results from its 2,093 m
Phase 1 drill program at the 2,186-hectare Texas property located near the town of Beaverdell in
southern B.C.
Key Highlights
In addition to intersecting near surface polymetallic veins, the primary target of the Phase 1 drill
program (detailed in Company news releases dated March 10 and May 4, 2021), multiple drill
holes intersected an extensively altered gold-rich granodiorite unit indicative of a bulk tonnage style
mineralizing system.
The high-grade polymetallic mineral occurrences on the property are now interpreted to be the
product of a larger-scale hydrothermal alteration and mineralizing event.
This broad newly identified granodiorite target is highlighted by a mineralized interval encountered
in hole TX21-018 that returned
1.78 g/t Au
over
5.9 m
, which includes
0.9 m
of
9.13 g/t Au,
from
45.1 m downhole at the Cabin target.
The altered and mineralized granodiorite is associated with a distinctive low magnetic geophysical
response that will guide the next phase of exploration to target the newly identified and sizable
gold-rich bulk tonnage potential of the Texas property.
Near surface polymetallic veining hosting gold and silver was encountered in multiple drill holes at
the Cabin and Doorn targets, with highlighted intervals shown in Table 1.
A new polymetallic vein was discovered immediately west of the Cabin target and returned
8.79
g/t Au
over
0.8 m
from 18.3 to 19.1 m downhole in hole TX21-023.
"The consistent gold values obtained from the altered granodiorite is the most significant surprise result
from this drilling campaign and considerably changes the scope of the project. This discovery increases
the potential size and mineral potential of the targets and Property as a whole.
Although we did not
replicate the bonanza-grade surface results previously reported, in part due to the structural complexity of
the Doorn and Cabin targets, we were able to intersect several new polymetallic veins containing
considerable gold values that only add to the project's potential," states Geoff Schellenberg, Company
President.
The Phase 1 drill program focused on near surface targets associated with the historical high-grade
occurrences at the Cabin and Doorn targets.
These targets are more structurally complex than originally
thought and the oriented core and structural data captured by Troubadour's geological team during
Phase 1 drilling will greatly aid in unlocking this complexity in future drilling.
Anomalous gold and silver
values were seen throughout the majority of drill holes in this phase, and mineralization remains open.
Gold grades are not only hosted in polymetallic epithermal-style veins, but also within brecciated
contacts between andesite and granodiorite as well as associated veining at contacts, altered vein
halos, and structure/deformation zones.
All of these areas occur within magnetic lows and will be the
primary focus of exploration moving forward.
The Doorn and Cabin polyphase quartz-carbonate veins and breccia system contains medium to coarse
grained blebs of pyrite, chalcopyrite and galena in wide sericite-chlorite-hematite + silica alteration
halos.
These alteration halos tend to host anomalous gold and silver, in addition to fault-related alteration
zones and brecciated granodiorite/andesite contacts.
Mineralized quartz-carbonate veins and veinlets
are seen in both altered granodiorite and andesites, as well as at their contacts.
Hole TX21-018 was drilled at an azimuth and dip of 116° and -45° and encountered an altered shear
zone hosting sulphides in isolated blebs and quartz-carbonate veinlets that returned 0.9 m of 9.1
g/t Au,
25.7g/t Ag, 0.06% Cu and 0.2% Zn within a broader interval of 5.7 m of 1.78 g/t Au from 45.1 m to 50.8
m downhole.
The veins encountered in drill hole TX21-023, which was drilled at an azimuth of 290° and a dip of -45°,
returned 8.79 g/t Au over 0.8 m from 18.3 m to 19.1 m and 5.34 g/t Au over 0.35 m from 23.15 m.
These
shallow veins are believed to be trending N-S and remain untested to the south of Cabin, where a series
of historic workings continue, and to the north beyond the limits of current geochemical and geophysical.
The Company continues to work to expand data coverage in this area in preparation for Phase 2 drilling.
The veins intersected in drill holes TX21-018 and TX21-023 are thought to be independent of those
developed in the historical adits and workings at Cabin.
Table of Significant Drill Results
Drill Hole
From
(m)
To
(m)
Width*
Au
g/t
Ag
g/t
Cu
ppm
Pb
ppm
Zn
ppm
TX21-001
9.85
10.15
0.3
0.73
10.0
81
5
14
TX21-002
3
4.2
1.2
0.74
3.6
101
3
50
7.4
11.5
4.1
0.27
1.4
21
4
42
and
14.5
16
1.5
1.80
20.4
33
11
54
TX21-003
5.15
5.8
0.65
0.57
1.4
950
4
6
and
8
9
1.0
0.67
5.5
312
31
89
TX21-004
12
12.3
0.3
0.41
1.7
36
2
39
and
19.5
21
1.5
0.65
5.7
20
12
48
TX21-005
20
22
2.0
0.45
3.7
35
9
49
and
28.5
30
1.5
0.29
2.4
15
6
46
TX21-006
32
33
1.0
0.31
3.8
12
9
29
TX21-007
90.5
92
1.5
0.41
3.4
62
6
42
TX21-009
11
14
3.0
0.41
6.7
18
33
52
and
56
57.5
1.5
1.22
3.2
69
16
87
TX21-010
1.4
2.4
1.0
0.38
1.9
50
4
34
and
38.7
39
0.3
2.76
58.2
43
62
41
TX21-011
29.2
29.8
0.6
0.24
2.2
117
4
and
45.5
45.8
0.3
0.58
3.8
11
4
36
TX21-013
13.2
14.5
1.3
0.40
2.9
24
11
81
and
37.2
37.6
0.4
1.32
12.1
69
17
29
TX21-014
12.3
12.65
0.35
2.13
10.6
57
5
25
and
54.5
55.65
1.15
0.91
8.7
338
3
48
TX21-016
25
27
2.0
1.15
8.0
35
9
40
TX21-017
60.4
60.7
0.3
0.65
2.1
95
8
20
and
61.9
62.2
0.3
0.67
4.4
300
8
32
TX21-018
45.1
50.8
5.7
1.78
6.3
201
123
1815
including
46.1
47
0.9
9.13
25.7
627
147
2681
and
59.4
62
2.6
0.28
0.8
23
6
41
and
68.5
70
1.5
0.26
0.6
25
4
40
TX21-019
6.5
6.8
0.3
0.47
4.2
9
2205
477
and
7.7
8
0.3
0.64
1.4
35
59
84
and
42.5
44
1.5
0.41
0.6
16
11
56
TX21-020
22.4
23.4
1.0
0.29
0.9
12
9
38
and
44.6
44.95
0.35
0.94
4.2
27
32
50
TX21-021
7.7
8.2
0.5
0.28
1.0
33
41
68
and
40
40.3
0.3
5.94
8.7
21
598
234
TX21-023
18.3
19.1
0.8
8.79
17.0
442
2647
3653
and
22
22.5
0.5
0.37
1.2
80
10
42
and
23.15
23.5
0.35
5.34
60.9
709
5706
9787
TX21-025
15.4
15.7
0.3
0.58
1.6
311
968
802
and
21.7
22.5
0.8
0.33
0.3
13
34
175
*True thickness of mineralized intercepts are undetermined.
Table 1: Significant Drill Assays (>0.25 g/t Au)
Quality Assurance and Control
All drill core was geologically logged to identify zones of mineralization which were identified by unique
sample numbers. Core was split in ½ with a purpose-built diamond blade rock saw. Half the sample was
placed into a plastic bag while the other half remains in the core tray and is stored in a secure location.
Samples were dispatched in rice bags and delivered in person by company representatives to MSA
Labs directly in Langley, B.C.
MSA Labs is an ISO/IEC 17025:2017 certified analytical lab in North
American accredited by the Standards Council of Canada for material testing.
All core samples and coarse blank material were prepared using MSA labs PRP-915. This includes
drying, crushing with 70% passing -2 mm. A 500 g aliquot is split from the -2 mm crush and further
pulverized with 85% passing 75 μm.
Analysis for gold is by 30 g Fire Assay (FAS-111) with an AAS
finish. Any samples over 10 g/t Au were re-assayed by gravimetric finish (FAS-415).
A 30-element
Inductively Coupled Plasma Emission Spectroscopy (ICP-ES) method was also used for each core
sample to test for Ag, Pb, Zn and Cu (ICP-130).
The Company and its technical contractors utilized industry recognized certified reference material and
blanks that were inserted into the sampling stream at a rate of 1 in 20 (5%). The certified reference
material performed as expected.
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 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.
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.
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 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/90860