- Historical core sample of 7.89 g/t Au reported from drilling in 1992 at the
Fly Lake area, believed to lie at the eastern intersection of Kinross Gold’s LP Fault and the Arrow Zone Gold Trend. [Figure 1] - The newly discovered gold mineralization occurs within a corridor of significant structural complexity containing other gold showings, indicating the possibility of a more significant gold discovery.
- Numerous other significant gold occurrences never before documented have been identified throughout the property and herein outlined.
- The
Great Bear discovery has shown that historical base metal occurrences regardless of grade were being largely ignored and unassayed for gold. - This clearly indicates that Trillium’s Confederation Belt property has the potential to host major gold discoveries.
A significant number of anomalous results have been received from the historical core and recent field work, from areas along and adjacent to the eastern extensions of both the LP Fault and the Cochenour-Gullrock Fault associated with the
Locally, the
The Arrow Zone Trend contains the only current Zn-Cu-Ag-Au resource (*) in the area and lies outside Trillium’s Confederation Belt project area. However, there are indications of structurally or lithologically controlled gold mineralization trending northeast and southwest from the
Anomalous gold results of up to 0.99 g/t Au in historical core sampling and up to 1.56 g/t Au from the original drilling obtained from the Cochenour-Gullrock Trend, coincide with highly magnetic favourable rock-types in the Fredart area, that appear to be regularly boudinaged. These anomalous results coincide with a zone of demagnetization associated with a northwest trending cross structure. Further west along the trend lie several other anomalous results ranging up to 0.31 g/t Au.
Figure 1: Map showing Trillium Gold's Confederation Belt project and all currently known gold occurrences. Blue colour represents gold values previously known, purple colour represents new information sourced from old reports and drill logs and red colour represents sampling done by Trillium. Green and light blue areas indicate areas of focus for upcoming work.
On the
In the second half of 2022, Trillium drilled one hole (CB22-001) in the
The location of CB22-001 is shown in Figure 2 and a table of all significant intercepts (> 0.1 g/t Au) is included below.
Hole | From (m) | To (m) | Interval (m) | Au (g/t) |
CB22-001 | 332.42 | 334.0 | 1.58 | 0.724 |
CB22-001 | 334.0 | 335.5 | 1.5 | 0.186 |
CB22-001 | 345.5 | 347.1 | 1.6 | 0.207 |
Figure 2: Map showing location of historical drilling, CB22-001, and significant gold results in the
Figure 3: Section for drill hole CB22-001 showing lithology and assays data filtered to >0.005 g/t Au.
A PDF of this image is available at http://ml.globenewswire.com/Resource/Download/d854c1fb-3696-486a-bffa-6ce1b5f9de9a
Trillium’s program of re-logging historical core commenced in mid-2022 and continued until just prior to year end with over 3,400 samples collected representing over 10,000 metres of equivalent drilling. Approximately 20 percent of these remain pending. The project encompasses one of the largest contiguous land positions ever assembled along the same geological trends as the Red
* As the
The technical information presented in this news release has been reviewed and approved by William Paterson QP, PGeo, VP of Exploration of
On behalf of the Board of Directors,
President & CEO, Director
For further information, please contact
Visit our website at www.trilliumgold.com.
About
Neither
Cautionary note regarding forward-looking statements
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations.
Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Such factors, among others, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (Incl. environmental hazards, industrial accidents); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (Incl. the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Figure 1
Map showing Trillium Gold's Confederation Belt project and all currently known gold occurrences. Blue colour represents gold values previously known, purple colour represents new information sourced from old reports and drill logs and red colour represents sampling done by Trillium. Green and light blue areas indicate areas of focus for upcoming work.
Figure 2
Map showing location of historical drilling, CB22-001, and significant gold results in the Fly Lake area of the Confederation Belt property – see Figure 1. Drilling is hosted within felsic tuffs and flows. CB22-001 details: 5 658 320 E / 522 793 N UTM (NAD83, Zone 15), 416m Elev, Az 120, Dip -45, 350m length. Underlying geology mapping from Minova, 1992 (Assessment Report 52N02SE0007).
Figure 3
Section for drill hole CB22-001 showing lithology and assays data filtered to >0.005 g/t Au.
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