- Over 10,000 metres of historical core retrieved, logged and sampled to date – assays awaiting
- Gold targets considerably enhanced through compilation of hundreds of assessment reports and drill logs
- Documented occurrences of copper and zinc show great potential for associated critical mineral discoveries throughout the property including indium, gallium, cobalt and lithium
- Little to no evidence of previous analysis for critical minerals in historical work
- All seven Early Exploration drill permits have now been issued
Trillium’s program of re-logging historical core commenced in mid-2022 and continued until just prior to year end with over 10,000 metres of equivalent drilling completed. Selection of the holes was based upon several gold related criteria, chiefly but not limited to, their proximity to high-potential structures, position on-trend of known gold mineralization and proximity to gold showings in historical or field sampling by Trillium. Trillium’s geologists found that very little of the core had been sampled previously, with the limited sampling focused mainly on massive sulphides or EM conductors.
Over 3,400 samples have been collected from the historical core – both from logged holes and grab sampled from old core caches that, despite being weathered and degraded, were identifiable as to drill hole numbering. Approximately 20% of these remain pending. All the information gleaned from this comprehensive exercise, whether assay, lithology revisions, gold-associated alteration or unlogged veining, has been valuable in identifying priority target areas for either immediate drilling or focused enhancement through follow-up field work.
In addition, the Company received seven (7) Early Exploration Permits that it had applied for beginning in April which will allow flexibility in drilling locations and timing throughout the Confederation Belt land package.
Figure 1 shows the significant gold enhancement throughout Trillium’s land package that has been unlocked through the 2021 and 2022 exploration work. This was derived through research and digitization of gold information from historical drill logs and assessment reports, as well as data collected by Trillium geologists during field programs. Working through more than 250 potential gold targets, the Trillium team is finalizing an initial drill program to test the best of these in an up-coming drilling program.
Figure 1: Gold data located in or nearby the Trillium Confederation Belt properties. Coloured data points are to compare source data: Blue represents information when Trillium acquired the project, Purple data points compiled by Trillium from assessment reports and drill logs, Red from Trillium acquired field data, including new sampling of historical core.
During their work in 2022, Trillium’s geologists recognized the significant potential for critical minerals throughout the property. Both on and immediately adjacent to the property, occurrences of molybdenum, nickel and potentially cobalt have been identified. Lithium may also potentially be found both along the far eastern margins of the property and on the
The only NI43-101 level resource (*) in the area (Pegasus Resources’
* The Qualified Person has relied upon the technical information contained within the report titled “Technical Report on the Resources at Garnet Lake Property Confederation Lake Belt” Tribute Minerals, 2007. The Qualified Person has not verified any of the results contained therein.
Figure 2: Map showing critical mineral potential on the Confederation Belt properties. Data sourced from the Ontario Mineral Inventory database and Technical Report for Tribute Minerals on the Garnet
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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f603fe7c-61f3-484c-9b17-f052808c95b8
https://www.globenewswire.com/NewsRoom/AttachmentNg/17880f67-60a1-44c9-9c26-4d350d7e88e0
![](https://ml.globenewswire.com/media/OTRlYzA1YTktN2YyMS00NGQ0LWFhNmQtYjEwYjQzZjY0MjVjLTEyMTg2NjA=/tiny/Trillium-Gold-Mines-Inc.png)
Figure 1
![](https://ml.globenewswire.com/media/f603fe7c-61f3-484c-9b17-f052808c95b8/medium/figure-1.jpg)
Gold data located in or nearby the Trillium Confederation Belt properties. Coloured data points are to compare source data: Blue represents information when Trillium acquired the project, Purple data points compiled by Trillium from assessment reports and drill logs, Red from Trillium acquired field data, including new sampling of historical core.
Figure 2
![](https://ml.globenewswire.com/media/17880f67-60a1-44c9-9c26-4d350d7e88e0/medium/figure-2.jpg)
Map showing critical mineral potential on the Confederation Belt properties. Data sourced from the Ontario Mineral Inventory database and Technical Report for Tribute Minerals on the Garnet Lake Property , 2007.
2023 GlobeNewswire, Inc., source