Trillium Gold Mines (TSXV: TGM) this morning announced that it has begun additional field work on its properties in the Red Lake, Ontario region. The firm has begun the exploratory work on its Confederation greenstone belt properties, with the field work spanning 65 kilometres of gold and base-metal prospective ground.
The field work to be conducted is set to take place on several of the properties held by Trillium, including Confederation Belt, Karas Lake, Moose Creek, Copperlode West, and the Caribou Creek properties. The properties are reportedly highly prospective and attractive for gold following the success seen by Great Bear Resources’ at its Dixie Project, which is also located within the greenstone belt.
Exploration work is said to include soil sampling, prospecting, rock sampling, mapping, and airborne magnetic surveys. This exploration work is expected to produce and refine targets, with the programs expected to lead to a phase two program later in the year which is to include the drilling of targets.
“Our strategy to consolidate the Red Lake Gold Camp and acquire 100% ownership along the majority of our 55,000-hectare land assemblage in the Confederation greenstone belt, gives Trillium Gold a district-scale advantage. With the potential to host “LP Zone” style gold mineralization, our active exploration programs both grassroots and drilling proximal to world-class operations make for a very exciting year.”
Russell Starr, CEO of Trillium Gold
Trillium Gold last traded at $1.12 on the TSX Venture.
Sponsored · Selkirk Copper Mines
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.
