Trillium Gold (TSXV: TGM) this morning was one of many junior mining firms to report their latest assay results. The results however stand out, with the company indicating that the mineralization discovered to date is “more widespread than historically interpreted,” with the system found to be larger than previously believed.
Results released this morning come from both the Newman Todd and the adjacent Rivard property, both of which are located in the Red Lake region of Ontario. A total of 15 drill holes were released this morning, accounting for 6,708 metres in aggregate drilling. The highlights are summarized as follows:
- NT21-185: 1.35 g/t gold over 17.6 metres
- NT21-187: 7.5 g/t gold over 6.97 metres
- NT21-188: 1.07 g/t gold over 52.3 metres
- RV21-34: 25.23 g.t gold over 2.2 metres
The company has indicated that it expects to see additional potential in both the Rivard property and the Newman Todd property now that it has a better understanding of the geology, with the company expecting to now encounter high grades and more ounces of gold in future drilling.
“With this new understanding that the Newman Todd area is much more gold-endowed and the mineralizing system much larger and more integrated than previous operators had envisioned, further exploration will be focused on several high priority targets,” commented CEO Russell Starr on this development.
The company now intends to continue drilling the NT Zone, with a focused on expanding high grade mineralization and thereby the current resource with this new data, while also drilling the southwest extension of the property to further test mineralization. The firm also intends to conduct what it refers to as grassroots exploration east of the zone.
Elsewhere, the company identified that it is in the process of drilling the Gold Centre property, with the third drill hole currently in progress. Results from the first two holes remain pending.
The results published today follow last weeks announcement that the company acquiring additional claims along the NT Zone, for a total of 229 additional hectares of claims in the region.
Trillium Gold last traded at $0.75 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.
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