- Drilling to commence early in the New Year
- Second rig already mobilized and on the property
- Testing the intersections of Rivard high-grade gold veins
and the Newman Todd structure
- Drill permit applications made for both Gold Centre and the Leo project
VANCOUVER, BC, Dec. 23, 2020
/CNW/ - Trillium Gold Mines Inc. (TSXV: TGM)
(OTCQX: TGLDF) (FRA: 0702) ("Trillium" or the
"Company") is pleased to announce it has received its drill permit
for the Rivard property, southwest part of the Newman Todd project,
located in Red Lake, Ontario. A
second diamond drill has already been mobilized to site and
preparations are underway to begin drilling on the Rivard property
as part of the drill program now in progress on the Newman Todd
project. The drilling on Rivard will focus on testing a structural
corridor, containing high-grade gold veins, both along strike and
at depth and determine its impact on the Newman Todd Structure to
the east.
Russell Starr, CEO of Trillium Gold comments "Receiving
the drill permit for Rivard is an exciting moment for Trillium Gold
and our shareholders and is the beginning of several drill permits
to come. The Rivard Property, which covers part of the southwest
extension of Newman Todd, has high grade visible gold at surface
throughout property and has yet to be drilled in any meaningful
way. The opportunity to drill the intersection of Rivard's
high-grade gold bearing veins and the Newman Todd structure and
should create tremendous value for all our shareholders."
Permit applications have also been made for the Gold Centre property, immediately adjacent,
and along strike of Evolution Mining's Red Lake Mine and the Leo
Property, approximately 40 km south of Red Lake. While the dates for obtaining these
permits is not known, ultra-deep surface drilling is being planned
for the Gold Centre Property that will confirm the Balmer volcanic
rocks, previously intersected by Rupert Resources, and test for Red
Lake Mine mineralization on the Gold Centre Property. Preparations
are underway for a dual-purpose overburden and bedrock drilling
program, to begin early in 2021, on the Leo Property.
William Paterson, Trillium Gold's
Vice President of Exploration comments, "I am glad for the Rivard
permit and am really looking forward to testing the high-grade gold
veins that have seen considerable historical shallow trench
testing. We believe these veins have a significant impact on the
Newman Todd Zone. I am also
anticipating beginning exploration work on both the Leo and Gold
Centre Properties once those permits have been received."
The technical information presented in this news release has
been reviewed and approved by William Paterson QP, PGeo, VP of
Exploration of Trillium Gold Mines, as defined by NI
43-101.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
"Russell Starr"
Russell Starr
President, CEO and Director
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a British
Columbia based company engaged in the business of
acquisition, exploration and development of mineral properties
located in the highly prospective Red Lake Mining District of
Northern Ontario.
Disclosure and CautionNeither
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.
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE Trillium Gold Mines Inc.