Trillium Gold To Commence Drill Program At Rivard Property
Trillium Gold Mines (TSXV: TGM) is set to begin drilling its 100% owned Rivard property next week, with the company this morning announcing a 5,000 metre drill program for the property. The program is part of the 40 to 50,000 metre drill program ongoing at the firms Newman Todd and Gold Centre properties in Red Lake.
The program at Rivard is expected to provide further structural understanding of the intersections found to date at Newman Todd, as well as structural understanding on high grade veining found along strike and at depth on the property. The planned program is to target the continuity of this veining at depth, as well as the southwestern extents of the Newman Todd zone where little historical drilling has occurred.
Historical drill results that exist for the property occurred in the 2007/8 season, whereby E Energy Ventures reportedly intersected 12.38 g/t gold over 2.0 metres, 34.07 g/t gold over 1.5 metres, 13.65 g/t gold over 1.0 metre, and 28.62 g/t gold over 2.9 metres. Exploration on the property as a whole dates back to the 1930’s, with bulk sampling conducted in the 1940’s revealing 4.46 grams per tonne gold within a 64 ton bulk sample.
“This initial phase of drilling marks an important step towards expanding our understanding of the impact these structural intersections have on the Newman Todd Zone. It also increases our active exploration into known areas of significant high-grade gold mineralization. With limited work and non-traditional exploration methods carried out for over 20 years, it presents an uncommonly exciting situation given the prospectivity of the Red Lake gold camp.”Bill Paterson, Head of Exploration
The Newman Todd zone as a whole measures 2.2 kilometres in length and measures up to 200 metres wide. Historical drilling conducted on the property reportedly focused on testing the zone by targeting the footwalls. This method is viewed as being insufficient by Trillium however, whom states that this method is now known to be sub-parallel to gold mineralized veining and structures, and as a result potentially misses much of the targeted zones. 41% of the 165 historical drill holes within the zone have reportedly intersected intervals in excess of 20 g/t gold.
Trillium Gold last traded at $1.94 on the TSX Venture.
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