{"id":406864,"date":"2020-12-31T08:33:33","date_gmt":"2020-12-31T13:33:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406864"},"modified":"2020-12-31T08:33:33","modified_gmt":"2020-12-31T13:33:33","slug":"trillium-gold-advancing-multiple-red-lake-projects","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trillium-gold-advancing-multiple-red-lake-projects\/","title":{"rendered":"Trillium Gold Advancing Multiple Red Lake Projects"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>\n          <b>Recent acquisitions of key property packages make Trillium the largest landholder in the <span class=\"xn-location\">Red Lake<\/span> gold camp<\/b>\n        <\/li>\n<li>\n          <b>Newman Todd property ownership consolidated (100% owned), acquired 100% of the adjacent Rivard property<\/b>\n        <\/li>\n<li>\n          <b>Successfully restarted drilling at Newman Todd with <span class=\"xn-money\">6,027m<\/span> drilled by year end, results for 7 holes pending<\/b>\n        <\/li>\n<li>\n          <b>Acquired 80% of the <span class=\"xn-location\">Gold Centre<\/span> property which sits adjacent to, and less than 350 metres away from, Evolution Mining&#8217;s <span class=\"xn-location\">Red Lake<\/span> mine workings<\/b>\n        <\/li>\n<li>\n          <b>Airborne magnetic surveys completed on 3 projects, 4<sup>th<\/sup> underway shortly on <\/b><br \/>\n          <b>Western Bear, <span class=\"xn-person\">Sydney Lake<\/span>, Leo, and Shining Tree<\/b>\u00a0 <\/li>\n<li>\n          <b>Acquired large land position in the Confederation Lake greenstone belt for the purpose of targeting &#8220;LP Zone&#8221; style gold mineralization<\/b>\n        <\/li>\n<li>\n          <b>Drilling planned for 4 properties in first half of 2021, additional exploration and drilling expected on other properties<\/b>\n        <\/li>\n<li>\n          <b>2 drill rigs to be turning in January on Newman Todd\/Rivard and a third anticipated by end of February on <span class=\"xn-location\">Gold Centre<\/span><\/b>\n        <\/li>\n<li>\n          <b>Exploration drilling to commence on the Leo property<\/b>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">Dec. 31, 2020<\/span> \/PRNewswire\/ &#8211;<b>\u00a0Trillium Gold Mines Inc. (TSXV:TGM<\/b>) (&#8220;Trillium&#8221; or the &#8220;Company&#8221;) is pleased to provide a corporate update on the year&#8217;s activities in <span class=\"xn-location\">Red Lake<\/span> District of <span class=\"xn-location\">Ontario<\/span>.<\/p>\n<p>During 2020, Trillium successfully accomplished the consolidation and acquisition of multiple key properties in the <span class=\"xn-location\">Red Lake<\/span> camp, including the increase to 100% ownership of the flagship Newman Todd Project and the purchase of 100% of the contiguous Rivard high-grade gold property. In addition to the Wolf Bay and Leo properties, Trillium Gold, through four acquisitions, substantially increased its land holdings in the <span class=\"xn-location\">Red Lake<\/span> District. The first being that of the Western Bear, <span class=\"xn-person\">Sydney Lake<\/span>, and, in the Abitibi greenstone belt, Shining Tree Properties. The partnership with Rupert Resources on the <span class=\"xn-location\">Gold Centre<\/span> property saw Trillium Gold acquire 80% of the property immediately adjacent to Evolution Mining&#8217;s <span class=\"xn-location\">Red Lake<\/span> mine. These acquisitions culminated with the large land package agreements in the Confederation Lake greenstone belt with the potential to host &#8220;LP Zone&#8221; style gold mineralization, all of which are crucial acquisitions that fit our investment strategy in consolidating the Red Lake Gold camp. Trillium Gold is now the largest land holder in the <span class=\"xn-location\">Red Lake<\/span> gold camp.<\/p>\n<p>Trillium Gold also commenced the first drill program at Newman Todd since 2013 and has already seen evidence of the inferred structural enhancement within the prospective mineralized footprint. This will continue to be drilled tested throughout 2021. Highlights from the <span class=\"xn-money\">6,027m<\/span> in 16 holes drilled to date include <b>9.09 g\/t Au over <span class=\"xn-money\">3.30m<\/span><\/b> from <span class=\"xn-money\">176.30m<\/span> in NT20-166, <b>8.63 g\/t Au over <span class=\"xn-money\">6.55m<\/span><\/b> from <span class=\"xn-money\">311.15m<\/span> in hole NT20-167,<u><b>15.41 g\/t Au over <span class=\"xn-money\">7.05m<\/span> with visible gold specks<\/b><\/u> from <span class=\"xn-money\">226m<\/span> in NT20-169, and <b>5.14 g\/t Au over <span class=\"xn-money\">3.85m<\/span><\/b> from <span class=\"xn-money\">72.4m<\/span> in hole NT20-171. See the press releases dated <span class=\"xn-chron\">October 6<\/span> and <span class=\"xn-chron\">October 28, 2020<\/span> for more details. A large number of assays are still pending from the drilling completed just before the Christmas break.<\/p>\n<p>\n        <span class=\"xn-person\">Russell Starr<\/span>, CEO of Trillium Gold comments &#8220;its been less than 6 months since I joined the company and we&#8217;ve been moving at a rapid pace, completing project acquisitions, more then <span class=\"xn-money\">$13 million<\/span> in equity raised by way of private placement, phase one drilling on the NT Property, three airborne surveys, and building one of the most experienced <span class=\"xn-location\">Red Lake<\/span> exploration teams currently active in the <span class=\"xn-location\">Red Lake<\/span> District. The M&amp;A activity completed this year was crucial to our strategy of building a world-class portfolio of projects in one of best gold camps on the globe.&#8221;<\/p>\n<p>Drill permits for three projects (Rivard, <span class=\"xn-location\">Gold Centre<\/span> and Leo) have been submitted with the first permit received, for the Rivard Property, just before Christmas. Deep drilling on <span class=\"xn-location\">Gold Centre<\/span>, and overburden drilling on the Leo Property are expected to commence in Q1 2021 once these permits are received.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2260\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1393408\/Trillium_Gold_Mines_Inc__Trillium_Gold_Advancing_Multiple_Red_La.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1393408\/Trillium_Gold_Mines_Inc__Trillium_Gold_Advancing_Multiple_Red_La.jpg\" title=\"Figure 1 Trillium Gold Properties throughout the Red Lake District (CNW Group\/Trillium Gold Mines Inc.)\" alt=\"Figure 1 Trillium Gold Properties throughout the Red Lake District (CNW Group\/Trillium Gold Mines Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Three helicopter-borne high resolution gradient magnetometer surveys were completed on <span class=\"xn-location\">Red Lake<\/span> projects \u2013 Western Bear, <span class=\"xn-person\">Sydney Lake<\/span> and Leo with the Shining Tree property to be completed in early January. Trillium contracted Precision GeoSurveys to undertake the surveys. Geological interpretations of the three <span class=\"xn-location\">Red Lake<\/span> surveys are currently underway by <span class=\"xn-location\">Paterson<\/span>, Grant and Watson Limited.<\/p>\n<p>The technical information presented in this news release has been reviewed and approved by William Paterson QP, PGeo, VP of Exploration of Trillium Gold Mines., as defined by NI 43-101.<\/p>\n<p>On behalf of the Board of Directors,<\/p>\n<p>Trillium Gold Mines Inc.<\/p>\n<p>\n        <i>&#8220;Russell Starr&#8221;<\/i>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Russell Starr<\/span>\n      <\/p>\n<p>President, CEO and Director<\/p>\n<p>\n        <b>About Trillium Gold Mines Inc. <\/b>\n      <\/p>\n<p>Trillium Gold Mines Inc. is a <span class=\"xn-location\">British Columbia<\/span> based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of <span class=\"xn-location\">Northern Ontario<\/span>.<\/p>\n<p>\n        <b>Disclosure and Caution<\/b>\n      <\/p>\n<p>\n        <i>Completion of the transaction is subject to a number of conditions, including TSX Venture Exchange acceptance. The transaction cannot close until the required conditions are satisfied and required approvals are obtained. There can be no assurance that the transaction will be completed as proposed or at all. Trading in the securities of the Company should be considered highly speculative. The TSX Venture Exchange has not reviewed or approved the terms to the Transaction.<\/i>\n      <\/p>\n<p>\n        <i>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/i>\n      <\/p>\n<p>\n        <i>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 expectation. 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.<\/i>\n      <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO35421&amp;sd=2020-12-31\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/trillium-gold-advancing-multiple-red-lake-projects-301199645.html\">http:\/\/www.prnewswire.com\/news-releases\/trillium-gold-advancing-multiple-red-lake-projects-301199645.html<\/a><\/p>\n<p>SOURCE  Trillium Gold Mines Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=TO35421&amp;Transmission_Id=202012310830PR_NEWS_USPR_____TO35421&amp;DateId=20201231\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Recent acquisitions of key property packages make Trillium the largest landholder in the Red Lake gold camp Newman Todd property ownership consolidated (100% owned), acquired 100% of the adjacent Rivard property Successfully restarted drilling at Newman Todd with 6,027m drilled by year end, results for 7 holes pending Acquired 80% of the Gold Centre property which sits adjacent to, and less than 350 metres away from, Evolution Mining&#8217;s Red Lake mine workings Airborne magnetic surveys completed on 3 projects, 4th underway shortly on Western Bear, Sydney Lake, Leo, and Shining Tree\u00a0 Acquired large land position in the Confederation Lake greenstone belt for the purpose of targeting &#8220;LP Zone&#8221; style gold mineralization Drilling planned for 4 properties in first &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trillium-gold-advancing-multiple-red-lake-projects\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Trillium Gold Advancing Multiple Red Lake Projects&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-406864","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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