TSX: TML OTCQX: TSRMF
The exploration program has been designed to ensure the safety of the workforce and surrounding communities during the COVID-19 pandemic and will incorporate enhanced operating protocols that are consistent with local health guidance.
Goldlund Drill Program
The Goldlund winter drilling program will consist of approximately 10,000 metres of infill and expansion drilling in support of resource delineation at Goldlund. A total of 8,000 metres of infill drilling will initially be targeted at the lesser-drilled areas of Zones 2, 3, 4 and 8 that are encompassed within anticipated open pits at Goldlund, with the objective of increasing confidence in current Inferred resources to support conversion to Indicated status. This initial drilling is targeted for completion by
Figure 1: Goldlund Plan Map with Proposed 2020/21 Drilling Targets
The remaining 2,000 metres will initiate the expansion drilling which will target the strike extension of Zone 1 and 7. This drilling is intended to define the resource between historical step-out drilling and has the potential to expand existing wireframes for inclusion of non-resource mineralized material in future resource estimates. The program may be expanded following positive results.
During Q1 2021,
In addition, the Company is advancing plans for future exploration at the
Regional Potential
The nearly 65km strike length of the Wabigoon Greenstone belt now consolidated by
Figure 2: Regional Exploration Targets
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Forward-Looking Statements
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements.
Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for precious metals; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.
Actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits may be derived therefrom and accordingly, readers are cautioned not to place undue reliance on the forward-looking information.
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