Trillium Gold Announces 8,000 Metre Drill Program For Gold Centre Property

Trillium Gold Mines (TSXV: TGM) is set to begin drilling a new property. The firm this morning announced that it will soon commence drilling on the 80% owned Gold Centre property, which is immediately adjacent to the Red Lake Operation that is currently being mined by Evolution Mining.

The planned drill program is set to see a total of 8,000 metres drilled on the property. The program follows permits being received for drilling in February 2021.

The most recent program conducted on the property consisted of a program focused on ultra-deep targets, with drilling being conducted between 2004 and 2008 by Rupert Resources. At the time, the deepest hole was drilled to a record-breaking 3,411 metres. The planned program is to be supervised by the same manager that conducted this previous program on the property.

“The Gold Centre property lies just 350 metres from Evolution Mining’s underground development at the Red Lake Mine where 100,000 metre program is underway to explore extensions of the Cochenour and Red Lake deposits. [..] If we are successful in demonstrating that this prolific gold structure continues onto the Gold Centre property, it will validate our strategic focus on acquiring one of the largest district scale positions in North America’s most important gold camp.”

Russell Starr, CEO of Trillium Gold

The proposed program is set to see a total of 8 holes drilled on the property, to depths ranging from 750 to 1,400 metres. The program is set to target the same mineralization and structures that host Evolution Mining’s Red Lake operations, as well as near-surface geophysical anomalies that were identified but not tested in a 2013 ground magnet and IP survey.

The drill program is expected to commence shortly.

Trillium Gold last traded at $1.19 on the TSX Venture.


FULL DISCLOSURE: Trillium Gold Mines is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Trillium Gold Mines on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Why Copper Juniors Could Explode After This Trade War Move | Christian Easterday – Hot Chili

Silver Is Rarer Than Gold, And the Market’s Waking Up | Shawn Khunkhun – Dolly Varden Silver

Gold Will Hit North of $4,000: Who’s Actually Producing? | Shane Williams – West Red Lake

Recommended

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Related News

Bank of America Targets Gold Prices to Reach $3000

The Bank of America has increased its 18-month gold target from $2,000 to $3,000 per...

Tuesday, April 21, 2020, 08:57:24 PM

Apollo Gold & Silver Closes Stronghold Silver Acquisition; Now Holds Three Key Silver Projects

On July 9, Apollo Gold & Silver Corp. (TSXV: APGO) closed its acquisition of the...

Saturday, July 17, 2021, 09:00:00 AM

Exploits Discovery Obtains Drill Permits For Schooner Prospect

Exploits Discovery (CSE: NFLD) has received drill permits for its Schooner Prospect. The company this...

Thursday, April 8, 2021, 09:04:36 AM

Newcrest Takes Newmont’s “Best And Final” $19.2 Billion Acquisition Bid

Australian gold miner Newcrest Mining (TSX: NCM) said on Monday it would back Newmont Corp’s...

Monday, May 15, 2023, 06:10:00 AM

Trillium Gold Hits 1.07 G/T Gold Over 52.3 Metres At Newman Todd

Trillium Gold (TSXV: TGM) this morning was one of many junior mining firms to report...

Wednesday, September 8, 2021, 08:36:31 AM