VANCOUVER, BC, Feb. 24, 2021 /CNW/ - Trillium Gold Mines
Inc. (TSXV: TGM) ("Trillium" or the "Company") announced today
that the TSX Venture Exchange has approved, and the Company has
closed, the definitive joint venture agreement with Rupert
Resources Ltd. that entitles Trillium to acquire 80% interest in
the Gold Centre Property located immediately adjacent to, and along
strike of Evolution Mining's Campbell-Red Lake Mine.
The terms of the Joint Venture Agreement are set out in
Trillium's News Release dated August 31,
2020. The Company has issued 500,000 common shares to Rupert
Resources on closing of the Agreement which shares are subject to a
four month hold period expiring June 24,
2021.
On February 9, 2021 Trillium
announced receipt of a drill permit for the Gold Centre property. The Company has planned
a combination of new holes to target the shallower sulphide-style
mineralization, similar to that of the Far East Zone at the Red
Lake Operations, as well as deeper drilling holes designed to
target both high-grade and sulphide mineralization.
Visit our website at www.trilliumgold.com.
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 growth focused British
Columbia based company engaged in the business of
acquisition, exploration and development of mineral properties
located in the Red Lake Mining District of Northern Ontario. The Company recently
extended its holdings in the Confederation Lake and Birch-Uchi
greenstone belts, as well as in highly prospective properties in
Larder Lake, Ontario and the
Matagami and Chibougamou areas of
Quebec.
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.
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.