After acquiring a significant land package and consolidating its position in the Red Lake Mining District in Canada, Trilliium Gold Mines Inc (TSXX:TGM) (OTC:TGLDF) has announced this morning it has discovered multiple gold anomalies along its Confederation Belt Properties in Red Lake.

A spaciotemporal geochemical hydrocarbon sampling program was completed during the summer of 2021 at the Confederation Belt properties. This survey unveiled numerous gold pathfinder anomalies with rating categories ranging from 1-6. This has now confirmed and established the gold exploration potential of Trillium’s properties. These properties form a 39,300 hectare contiguous land position directly on trend with other discoveries currently unfolding in the district and therefore makes Trillium Gold’s position highly valuable.

The gold pathfinder anomalies identified by the survey conducted by Activation Laboratories will now serve as the priority targets for the company’s second for of exploration work in the 2022 field season. Trillium can use the sampling and concurrent prospecting program to generate multiple drill targets.

Red Lake Mining District has already produced 29 million ounces of high-grade gold. Red Lake is one of the country’s premier mining districts, and has infrastructure, million, and roads in place for efficient drilling and exploration. The survey focused on some key blocks at the properties, to focus on known base metal and minor gold mineralization intersected in historical drilling, including the Joy Block. A significant portion o the Joy-Copperlode Blocks are covered by variably conductive outwash and deglaciation sediments.

Information from the surveys according to the press release includes:

The three smaller grids in the southwest of the Joy Block were designed as orientation surveys over known base metal and minor gold mineralization intersected in historical drilling. A large portion of the Joy-Copperlode Blocks are covered by variably conductive outwash and deglaciation sediments (not locally derived) and despite no outcrop identified in these areas, all three returned anomalies, the western-most two confirming the method over known drill hole results.

Based on a synthesis of previous work reviewed to date by Company geologists, these anomalies appear likely spatially associated with more than one type of control (i.e., late-stage structural, lithological, as well as possible earlier structures (syn-volcanic?), as previously interpreted in historical work). The location of the anomalies is directly on trend with regional-scale faults (as at Great Bear’s Dixie Project) and provide a new framework on which to focus gold exploration in the belt and region.

Several new target areas have also been confirmed where historically very little exploration work has been conducted (e.g., the northern-most anomaly on the Copperlode property, I-anomaly, Figure 1). These new discoveries provide exciting new targets for follow-up work.

Figure 1. Source: Trillium Gold Mines

On the Copperlode West block, the F-anomaly is a highly-rated anomaly cut by a NW-SE trending magnetic lineament (possibly D2 orientation?) and represents one of the more encouraging targets in the area. Also of high-rating is the I–anomaly which lies on the western extension of an EM conductor in an area with no known historical geological, geochemical or geophysical surveys. The J-anomaly was identified as a potential Redox zone by Actlabs, similar to that at the Dixie Hinge and Limb zones sampled by Great Bear Resources (news release August 1, 2019).

The Block B anomaly is also highly rated and shows parallel responses coincident with a magnetic high trend, and coincident with or flanking a NE trending EM conductor.

The Block 1 anomalies lie within stratigraphy representing the eastern extension of that hosting the copper-molybdenum mineralization near Fredart Lake. The two geochemical signatures appear to be on strike from one another, hosted by iron formation or ferruginous sediments. There has been very little historical work in this area. The Lucky 7 anomaly lies within an EM conductor trend that has been drilled, off-property, intersecting gold values up to 4 g/t over 1.5ft. Grab samples in the drilled area also ran up to 13 g/t gold.

The Block 2 anomaly, among the highest rated by Actlabs, shows a significant number of high contrast peaks over a large, 600m x 450m area. Actlabs identify it as a segmented nested-halo anomaly coincident to that of the Redox zone. The potential for gold mineralization here is believed to possibly exist directly below this anomaly.

The Fly-Moth N and S grids serve as extensions to exploration work on known prospective and mineralized trends associated with the past-producing South Bay Mine. There are anomalous gold values in historical lithogeochemical samples in the general area around the mine; however, samples further towards the southwest were not assayed for gold. The SGH grids fill in the data gaps and successfully highlight new gold anomalies. These anomalies are highly rated and show characteristics of Redox Zones as well.

Here, the controls on processes responsible for the development of these anomalies likely reflect a complex interplay between lithology and structure. There appears to be some, but not exclusive, spatial lithological control locally (e.g., near Triangle Lake) as the anomalies are associated with minor intrusive rocks which themselves were previously interpreted as fault controlled. However, one anomaly coincides directly with a previously mapped rhyolite tuff unit suggesting the possibility of lithologically hosted gold.

Equally, the geometry of elevated gold in this package of rocks could be suggestive of syn-volcanic fault-controlled mineralization. At the southern edge of Triangle Lake, historical work identified anomalous gold that coincides with a previously mapped fault. These types of relationships bear investigating for refinement or confirmation of ideas with follow-up exploration work planned for 2022.

The Block 3 anomaly coincides with several important features: a regional-scale fault trace, a major volcanic break (cf. Thurston et al, 1980), and a property scale transition from felsic to mafic volcanic rocks. Historical work on the property identified several sulphide zones and/or geophysical conductors. The few historical drill holes in the general area, inconsistently sampled for base metals and even more infrequently for precious metals, do show elevated copper, zinc and gold in these sulphide horizons.

Conversely, in the direct vicinity of the anomaly, virtually no geochemical work has been performed, and there are only two known drill holes, the locations of which remain uncertain.

Figure 2: Detailed view showing Block 2, Block 3 and Fly-Moth SGH anomalies. The spatial geometry of the anomalies, historical gold data, lithological, and structural features might suggest a relationship. Geology from the Geological Survey of Canada Open File 4256. Source: Trillium Gold Mines

Source: Trillium Gold Mines

After recently acquiring the Confederation Lake assemblage from Infinite Ore Corp., the company has become one of the dominant explorers in the Red Lake Mining District. The Eastern Vision property holdings at Confederation Lake include 16,991 hectares, and give Trillium control over a large portion of the assemblage. Most importantly, it gives the company control over a contiguous land package that now covers over 100 km of favourable structure on trend with Great Bear Resources’ Dixie Deposit.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Source: Trillium Gold Mines

Trillium Gold Mines Inc. (TSXV:TGM) has announced this morning it has signed a definitive agreement to acquire all of Infinite Ore Corp.’s Eastern Vision property holdings in the Confederation lake assemblage of the Birch-Uchi greenstone belt in the Red Lake Mining District, Ontario. 

The property holdings include 16,991 hectares between the Fredart, Garnet Lake, Confederation north, and Confederation South properties. Red Lake is the company’s focus, and this acquisition gives Trillium control over a significant portion of the Confederation Lake assemblage and creates a contiguous land package covering over 100 kilometers of favourable structure on trend with Great Bear Resources’ Dixie Deposit. 

Red Lake Hotspot

Great Bear was recently acquired by Kinross for C$1.8 billion, a huge acquisition in the Red Lake Mining District. The key focus for the acquisition with the Dixie project, which has shown exciting recent discoveries and the characteristics of a top-tier deposit. 

Trillium Gold’s acquisition is on trend with Dixie, placing it in good company in one of Canada’s premier gold mining districts.

The Dominant Exploration Company

Trillium Gold has is focused on properties in the Red Lake Mining District, in particular, its Newman Todd project being advanced toward open-pit mining. The company has assembled on the most extensive property packages in the Confederation Lake assemblage of the Birch-Uchi greenstone belt, and this latest acquisition adds an additional 16,991 hectares to its portfolio. This is a major step in strengthening the company’s strategic advantage to consolidate the greenstone belt and makes the company the most dominant exploration company in the Red Lake Mining District.

Beyond the Red Lake Mining District, Trillium Gold has interests in highly prospective properties in Larder Lake, Ontario, and the Matagami and Chibougamou areas of Quebec.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
The Willis Property. Source: Trillium Gold Mines, Inc.

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. 

Highlights

Newman Todd
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)
Rivard
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. 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Trillium Gold (TSXV:TGM) (OTCQX:TGLDF) (FRA:0702) announced today that it signed an agreement to acquire the thirteen contiguous patented mineral claims at the “Willis Property”. The Willis Property combines the thirteen claims for a total of 229 hectares, which are situated southwest of and contiguous to Trillium Gold’s Newman Todd (NT) Property in Todd Township. The properties are both found in the Red Lake Mining District in Ontario.

This is a big step for Trillium as it has acquired a 100% interest in the Willis Property upon the completion of the transaction. Russell Star, CEO of Trillium Gold commented: “The Willis Property represents an important addition to Trillium’s property package in the western Red Lake area. It covers both the southwest extension of the NT Zone as well as other ground proven to be highly prospective for gold with visible gold noted in outcrop sampling. As with the NT Property, the Willis Property displays many similarities to the major gold mines to the east: namely rock types, structures, mineralization, and alteration. Despite these attributes, the property has seen very little exploration since the 1930s and is one of the few remaining unexplored properties in the Red Lake greenstone belt.”

Newman Todd

While the new acquisition is sure to expand the company’s exploration plans, the Newman Todd (NT) Property is the company’s flagship asset and has been the focus of the company’s efforts thus far. Previous exploration at the site suggested over 20 individual high-grade zones along the current strike length of the northeast-trending Newman Todd Structure (NTS). This could be traced for 2.2km+ along strike, with a network of gold-rich veins. 

The property was only drilled sparsely before Trillium Gold took over, and was only drilled and tested at depths below 400 metres. With mineralization open along strike and depth, and possibly also in the postulated parallel features, the project has some of the biggest potential for the company’s portfolio. 

The history of the property goes way back, with early exploration beginning in the 1930s on the southwest extension of the property, and then again in the 1940s. Due to the mining practices at the time, there is very little drill data from those periods. There are some reports about trenching, drilling, and bulk sampling, but the property has largely been a blank slate for Trillium. 

New Goals

With the new property acquisition, Trillium has its work cut out for it. With the properties sharing similar potential and the company extending the NT Zone with this purchase, Willis Property could be the land needed to make the company’s work in the western Red Lake area profitable. The total property package for Willis was acquired for $420,000, and 400,000 common shares of the company. The property is also subject to a 2% net smelter returns (NSR) royalty. 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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