Saturday, July 12, 2025

Latest

Trillium Gold Intersects 129.79 g/t Gold Over 1.30 Metres At Rivard

Trillium Gold Mines (TSXV: TGM) this morning reported the three latest drill results from its ongoing drill program at the Rivard Property in the Red Lake region of Ontario. Highlight intercepts from the results include 129.79 g/t gold over 1.30 metres.

The company has indicated that visible gold has been observed in each hole drilled, with the company gaining the understanding of the property to state that they have increased “predictability of gold-hosting veins downhole.” The holes represent the first of a series of drill holes that were focused on the high-grade gold veining on the property.

The holes were drilled to depths beyond two hundred metres, with known gold now being contained within the structure. The company as a result expects to be able to have the proficiency to predict targets for higher grade mineralization within the vein system.

Highlights from the drill results include:

  • RV21-28: 5.59 g/t gold over 1.00 metre, 7.74 g/t gold over 0.30 metres
  • RV21-29: 129.79 g/t gold over 1.30 metres
  • RV21-30: 9.58 g/t gold over 0.80 metres, 9.58 g/t gold over 0.90 metres

“This is a major new discovery for Trillium. Historically the Rivard family had produced enough gold off the Rivard property to survive for three decades. While we knew there was gold in quartz veins, to encounter such high grade in our first drill program is an exceptional outcome for both our technical team led by Bill as well as for our shareholders. This intersection further substantiates the tremendous potential for Newman Todd to become the next mining operation in Red Lake.”

Russell Starr, CEO of Trillium Gold

The announcement this mornings follows the news that the company yesterday closed an oversubscribed private placement. The financing saw the company raise gross proceeds of $5.0 million, with proceeds to be used to advance the firms numerous Red Lake, Ontario properties.

Trillium Gold last traded at $0.96 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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

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

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Newlox Gold Advances Second Gold Processing Plant, Opening Slated For Q2 2021

Newlox Gold Ventures Corp (CSE: LUX) this morning announced the advancement of the firms second...

Monday, December 21, 2020, 09:51:03 AM

No Mill, No Tailings, No Problem | J. Malcolm Bell – Nova Pacific

Nova Pacific Metals (TSXV: NVPC) is challenging traditional mining approaches with an innovative strategy for...

Friday, March 7, 2025, 02:20:00 PM

People’s Bank of China Adds 15 Tonnes Of Gold To Reserves

China’s central bank bought even more gold last month, as it looks to strengthen the...

Wednesday, February 8, 2023, 03:00:00 PM

GoGold Hits 17.2 Metres of 186 G/T Silver Equivalent At Los Ricos North

GoGold Resources (TSX: GGD) released additional assay results from its ongoing drill program at the...

Wednesday, November 4, 2020, 08:02:38 AM

Osisko Gold Completes $100 Million Bought Deal For Spin Out

Osisko Gold Royalties (TSX: OR) this morning announced in conjunction with Barolo Ventures (TSXV: BVC)...

Thursday, October 29, 2020, 11:17:54 AM