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Trillium Gold Reports 8.75 g/t Au Over 20.4 Meters, Contains 549.0 g/t Au Over 0.3 Meters, Finds New Deep Mineralization Outside Newman Todd Zone, The Canadian Business Journal

  • NT22-211 intersects 40.56 g/t Au over 4.18 meters including 136.0 g/t Au over 1.08 meters.
  • NT22-212 intersects multiple high-grade mineralized zones, including:
    • 8.75 g/t Au over 20.4 meters 549.0 g/t Au (over 0.3 meters)
    • 90.38 g/t Au over 1.01 meters
    • 17.2 g/t Au over 1.09 meters
    • 1.59 g/t Au, over 61.05 meters.
  • A new high-grade gold zone discovered between faults in the Camp Zone and Main Zone, and a new area of ​​hanging walls in the NT Zone.

VANCOUVER, BRITISH COLUMBIA, September 26, 2022 (GLOBE NEWSWIRE) — Trillium Gold Mines Inc. (TSXV:TGM, OTCQX:TGLDF, FRA:0702) (“Trillium Gold” or the “Company”) is We are happy to offer it to you. The latest results from our first half 2022 exploration and drilling activities at the Newman Todd Complex in Red Lake, Ontario.

Two boreholes (NT22-211 and 212) lie approximately 100 to 250 meters below all previous boreholes and are located in the southward direction of fault-related mineralization in the main zone located in the niche of the drilled segment. Designed to test deeper extensions in of the NT zone. Both holes significantly extend the depth of mineralization in this area to nearly 600 meters. Figures 1 and 2 show these drill holes in plan and long section.

Russell Starr, President and CEO of Trillium Gold, said: These outbreaks are in a hanging wall sequence towards the southeast of the NT Zone. Historically, Newman Todd has not been meaningfully drilled below 400 meters depth, but currently the East-West geography holds the key to discovering new gold mineralization outside the known NT zone. The structure of the has seen the potential for true high definition. “

Gold mineralization also intersected at the contact of the NT zone and the hanging wall rock unit past the main zone fault, with visible gold.1 (VG) Recorded in a 2 mm quartz vein of 614.2 m (549 g/t Au over 0.3 m) in NT22-212, within the zonal chart and iron formation section of the hanging wall sequence. The occurrence of this hangwall gold within a wider significant interval of 8.75 g/t Au over 20.4 m, and other historical hangwall intercepts, suggest gold mining associated with the NT zone and associated east-west shear. erosion (for example, faults in the main zone). ), following the hanging wall rock unit southeast of the NT Zone, expanding possible drill target areas and potential mining pit shells within the project area. Historical drilling in this area generally stopped before intersecting with this mineralization when drilled from the footwall. Overall, very little drilling was done in the opposite direction and this mineralization was not discovered.

William Paterson, Vice President of Exploration at Trillium Gold added: Previously reported, more meaningful high-grade intersection – hole NT20-169 [7.05m at 15.41 g/t Au including 4.3m at 23.88 g/t Au and 1.12m at 69.85 g/t Au]and NT21-194 [9m at 19.73g/t Au including 1.55m at 102.16 g/t Au] The Camp Fault, and the NT22-211 and -212 holes in the Main Zone Fault, all originate at these intersections, and we believe that this well-established theory can be successfully applied at depth while remaining completely open. ” [See Trillium Gold’s news releases at www.trilliumgold.com or its filings on www.sedar.com]

table 1: Highlights of significant intercepts from holes NT22-211 and -212. A complete list of significant intercepts can be found on his Trillium Gold website (www.trilliumgold.com).

hole number from (m) up to (m) width (m) Gold (g/t)
NT22-211 6.2 31.70 25.50 1.66
tax included 9.3 10.00 0.70 October 26th
NT22-211 307.47 311.65 4.18 40.56
tax included 309.11 310.19 1.08 136.00
NT22-211 334.28 334.58 0.30 71.00
NT22-212 30.64 31.65 1.01 90.38
NT22-212 303.49 364.54 61.05 1.59
tax included 327.14 329.57 2.43 3.09
tax included 332 334.90 2.90 5.31
When 332 332.49 0.49 16.45
tax included 343.25 350.36 7.11 2.53
tax included 353.65 355.25 1.60 9.51
NT22-212 392.84 401.11 8.27 2.03
tax included 393.34 393.64 0.30 24.60
NT22-212 574.5 587.50 13.00 2.59
tax included 581.5 582.50 1.00 12.57
tax included 584 586.00 2.00 8.07
When 584 584.50 0.50 18.60
NT22-212 596.1 616.50 20.40 8.75
tax included 614.04 614.34 0.30 549.00

Table 2: Drill collar details for drill holes NT22-211 and -212 – UTM Zone 15, NAD 83.

hole number east wing northern distance elevation depth immersion Azimuth
NT22-211 420857 5656540 364 530 -70 175
NT22-212 420857 5656540 364 674 -75 175

Figure 1: A geological map showing the location of boreholes NT22-211 and 212 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a83ce896-1d10-47a5-97b3-044f9f486123.

Figure 2: A long cross-section (northwest) showing the NT zone model, exploration block model, past results, and key intersection highlights from NT22-211 and 212 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg Available at /c379a4c4-. 4ce5-42f0-b73f-1c946270105a

Since January 2022, a total of 17 boreholes have been drilled at 7,665 meters at the Newman Todd Complex. The remaining assay results will be released once all results have been interpreted and the broader structural framework quantified.

All drilling was supervised by PGeo’s Paul Barc. Drilling was performed by Rodren Drilling Ltd., West St. Paul, Manitoba. Drilled cores were recorded and sampled at an on-site secure core facility. Core samples from the program were cut in half using a diamond cutting saw and half cores were sent for analysis to Activation Laboratories Ltd., a licensed mineral analysis laboratory located in Dryden, Ontario. rice field. All samples were analyzed for gold using standard Fire Assay-AA techniques. Samples returning >10.0 g/t gold were analyzed utilizing the standard fire assay-gravimetric method. Samples yielding results greater than 1 ounce per tonne of gold were also analyzed in the standard 1 kg metallic screen fire assay unless the remaining sample material was insufficient. As part of Trillium Gold’s Quality Control/Quality Assurance Program (QAQC), certified gold reference standards, blanks, and duplicates are periodically inserted into the sample stream and monitored for accuracy and precision. No QAQC issues were observed in the results reported here. All reported drill intercepts are downhole core lengths and do not necessarily represent true widths.

1) Visible Gold (VG) references are factual observations and should not be interpreted as a quantifiable grade.

The technical information contained in this news release has been reviewed and approved by William Paterson QP, PGeo, Vice President, Exploration, Trillium Gold Mines, as defined in NI 43-101.

On behalf of the Board of Directors,
Trillium Gold Mines Inc.

Russell Starr
President and CEO

For more information, please contact Donna Yoshimatsu, Vice President of Corporate Development and Investor Relations. [email protected](416) 722-2456, or [email protected].

Visit our website www.trilliumgold.com.

About Trillium Gold Mines Inc.

Trillium Gold Mines Inc. is a growth-focused company engaged in the acquisition, exploration and development of mineral assets in the Red Lake Mining District of northern Ontario. As part of our region-wide integration strategy, we have identified some of the largest potential land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as along the Confederation Lake and Birch Uchi greenstone belts. Collected one. The company recently completed acquisitions that effectively extend its land position adjacent to over 100 km of lucrative structures, in line with Kinross Gold’s Great Bear Project and Evolution Mining’s Red Lake Operation. Additionally, the company has an interest in a highly promising property in Larder Lake, Ontario.

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information that involves known and unknown risks, uncertainties and other factors that could cause actual events to differ materially from current expectations.

Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analysis and opinions and is based on management’s experience, trends, perceptions of current conditions and expected developments and management’s Based on other factors we consider relevant and reasonable in the circumstances. However, this may not turn out to be correct. Such factors include, among others: Impact, business integration risks arising from the global disruption caused by the Covid-19 coronavirus outbreak. fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; Changes in national and local government, legislation, taxation, regulation, regulation, and political or economic developments. Risks and hazards associated with mineral exploration, development and mining operations, including environmental hazards and occupational injuries. Inability to obtain adequate insurance to cover risks and hazards. The existence of laws and regulations that may impose restrictions on mining. Relations with Employees; Relations and Advocacy with Local Communities and Indigenous Peoples. Responding to increased costs associated with mining inputs and labor. the speculative nature of mineral exploration and development (including the risk of obtaining necessary licenses, permits and approvals from governmental authorities); property title;

Readers are cautioned not to place undue reliance on these forward-looking statements. These statements are made only as of the date of this press release. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


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Trillium Gold Reports 8.75 g/t Au Over 20.4 Meters, Contains 549.0 g/t Au Over 0.3 Meters, Finds New Deep Mineralization Outside Newman Todd Zone, The Canadian Business Journal

Source link Trillium Gold Reports 8.75 g/t Au Over 20.4 Meters, Contains 549.0 g/t Au Over 0.3 Meters, Finds New Deep Mineralization Outside Newman Todd Zone, The Canadian Business Journal

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