Trillium Gold Mines (TSXV: TGM) has updated its structural model for its flagship Newman Todd property, located in the Red Lake gold camp of Ontario. The updated model has reportedly provided the company with numerous new drill targets that will assist in defining high grade mineralization and structural controls.
The revised structural model focuses on the influences of structures and high grade quartz veining that have been found in outcrops on both the Newman Todd, as well as the adjacent Rivard property. East/west trending structures have been modelled following study of initial mapping and satellite images, which reportedly correlates with results from past drilling on the property.
This modeling is to be used to influence the creation of a series of high-grade targets, referred to as grade shells, which Trillium will now test. The company is now working to drill test this model, with a fan of holes being targeted to test the perceived high grade structures and veining off azimuth from what is referred to as the bulk of historical drilling.
“These initial holes will confirm our interpretation of the high-grade intersections that were hinted in the historical drilling and will open up many more target zones up and down more than 2km of the NT Zone recognized on our property.”
Bill Paterson, Vice President of Exploration at Trillium Gold
Historical drilling on the property reportedly focused on testing the footwall of the structure, which is now known to be sub-parallel to gold.
Trillium Gold Mines last traded at $1.45 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.
