Trillium Gold Mines Inc. (TSXV:TGM), a gold mining company focused on acquisition, exploration, and development at the Red Lake Mining District of Northern Ontario, has been busy in 2021.
Trillium has assembled the largest prospective land package in and around the Red Lake mining district in Northern Ontario. Red Lake has many major mines and deposits, and the greenstone belts of Confederation Lake and Birch-Uchi. The company is advancing drill programs at multiple properties including Willis, Newman Todd, a significant portion of the Confederation Lake Greenstone Belt, and properties in Larder Lake, Ontario, and Matagami and Chibougamou areas of Quebec.
New Results Continue to Pour In
The company announced on September 8 that the majority of assays from drilling at the Newman Todd Complex had been received, with assay reporting over two months. The company was able to process and summarize samples representing 6,708 metres across 15 drill holes at the property.
The Rivard and Newman Todd properties were explored in isolation and not systematically drilled for an integrated structural understanding.
|NT21-185:||17.6m @ 1.35 g/t Au|
|13.2m @ 1.24 g/t Au incl. 0.5m @ 20.5 g/t Au|
|NT21-187:||6.97m @ 7.5 g/t Au incl. 1m @ 45.9 g/t Au|
|4.75m @ 4.95 g/t Au incl. 0.65m @ 33.88 g/t Au and 0.35m @ 54.7 g/t Au|
|6.2m @ 5.4 g/t Au incl. 0.3m @ 61.9 g/t Au|
|NT21-188:||52.3m @ 1.07 g/t Au incl. 0.7m @ 11.5 g/t Au|
|NT21-190:||3.3m @ 8.06 g/t Au incl. 0.4m @ 61.9 g/t Au|
|NT21-192:||21.3m @ 3.55 g/t Au incl. 4.3m @ 13.8 g/t Au (includes 1m @ 35.15 g/t Au)|
|RV21-31: 0.3m @ 28.0 g/t Au|
|RV21-32: 0.3m @ 15.9 g/t Au|
|RV21-33: 0.7m @ 54.49 g/t Au incl. 0.4m @ 95.3 g/t Au|
|RV21-34: 2.2m @ 25.23 g/t Au incl. 0.3m @ 116 g/t Au and 0.3m @ 67.7 g/t Au|
Source: Trillium Gold Mines
Expanding the Property Portfolio
Trillium Gold (TSXV:TGM) also announced on October 26 that it had closed the acquisition of the of the Willis Property. Willis consists of thirteen patented mineral claim totalling 229 hectares. The company now holds a 100% interest in the Willis property, which is subject to a 2% net smelter returns royalty, half of which Trillium Gold has retained the right to repurchase for $1.2 million. If the holders of the royalty decide to sell the royalty in the future, Trillium also holds the right of first refusal.
MiningFeeds will begin covering news and insights from Trillium Gold (TSXV:TGM) as it continues to advance its drill programs in some of the best gold mining districts in the world, in one of the best mining jurisdictions in the world, Canada.