Trillium Gold (TSXV:TGM) Becomes Dominant Exploration Company at Red Lake With Latest Acquisition

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.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Australian Mines Ltd. AUZ.AX +900.00%
 Adex Mining Inc. ADE.V +50.00%
 Rare Element Resources Ltd. REE +26.63%
 Astro Resources NL ARO.AX +25.00%
 Tearlach Resources Ltd. TEA.V +21.05%
 MacDonald Mines Exploration BMK.V +16.67%
 GME Resources Ltd. GME.AX +16.67%
 Standard Lithium SLL.V +16.42%
 Black Iron, Inc. BKI.TO +16.28%
 Brazilian Metals Group Ltd. BMG.AX +14.58%

Download the latest Solaris Resources (SLSSF) Investor Kit

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

MiningFeeds will use the information you provide on this form to be in touch with you and to provide updates and marketing.