Troubadour Receives Five-Year Drill Permit for the Texas Project
Troubadour Receives Five-Year Drill Permit for
the Texas Project
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2021) -
TROUBADOUR RESOURCES
INC.
(TSXV: TR) (OTC Pink: TROUF)
(the "Company") is pleased to announce that it has been granted
a five-year area-based exploration permit for its 2,186 hectare Texas property located in the Greenwood
Mining Division of Southern B.C.
The permit allows the Company to build access trails, complete trenching and establish 50 drill pads on
the project over the next five years.
Phase 1 work program results are still pending from the field
campaign completed in the fall of 2020 and will form the basis of a robust Phase 2 program.
Phase 2
work will include drilling and is expected to be completed in the first half of 2021.
"With a permit now in hand we are eager to continue to unlock the value we see in the Texas project over
the coming months," states Geoff Schellenberg, Company President.
Additionally, the Company wishes to announce it has received approval from the TSX Venture Exchange
for the option agreement with the property vendor to acquire a 100% interest in the Texas project
previously announced on October 7, 2020.
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 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.
The most
notable polymetallic vein showings on the property are the Doorn, Cabin and Wombat with notable grab
sample
2
assay results from work completed by the property vendor listed in the table below:
Sample Number
Lithology
Location
Au
g/t
TX001
Quartz Vein
Doorn
5.8
TX002
Quartz Vein
Doorn
16.96
TX003
Granodiorite
Doorn
0.12
TX004
Quartz Vein
Doorn
241.96
Sample
Number
Lithology
Location
Au g/t
Ag g/t
Cu %
542451
Quartz Vein
Doorn
78.84
317
8.43
542452
Quartz Vein
Cabin
18.6
65.21
0.01
542453
Quartz Vein
Cabin
2.8
8.64
0.01
542454
Granodiorite
Wombat
1.11
3.46
0.39
542455
Quartz Vein
Wombat
45.15
104
0.64
542456
Granodiorite
Cabin
0.95
2.67
0.02
542457
Granodiorite
Wombat
7.11
12.75
0.06
542459
Quartz Vein
Wombat
13.96
26.12
1.45
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.
2. 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.
Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, supervised all technical
aspects of the work programs performed by the Vendor at the Project, 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 10km south of the past-producing
Brenda Mine in southern BC and 35km 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.
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https://www.newsfilecorp.com/release/72013