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.
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