Trillium Gold to Drill Rivard High Grade Gold Veins
- Ongoing surface work has identified 6 dominant continuous vein systems with visible gold mineralization
- Historical trenching up to 80m long, historical bulk sample up to 200m long
- Initial drill holes planned to test 5 main mineralized veins to a maximum vertical depth of 200m
- Historical drill results include:
- 12.38 gpt Au over 2.00 m (0.40 opt Au over 6.56 ft) in hole EE08-05
- 34.07 gpt Au over 1.5 m (1.10 opt Au over 4.92 ft) in hole EE-07 15
- 13.65 gpt Au over 1.00 m (0.44 opt Au over 3.28 ft)
- And 28.62 gpt Au over 2.90m (0.92 opt Au over 9.51 ft) drilled in 2007 by E-Energy Ventures
- Trenching and pit exploration by Rivard Family for over two decades
- Underexplored with limited work and non-traditional exploration methods by Rivard Family
Photo 1 An 11 ounce gold bar produced from surface prospecting and trenching on the Rivard property
Photo 2 80m long trench on the Rivard Property, looking back along the strike of a gold-bearing vein
Photo 3 Coarse free gold in quartz from one of the veins on the Rivard property
Figure 1 Geology Map of the Rivard Property showing trenches, surface gold showings, and gold bearing veins
Figure 2 Satellite image of the Rivard Property showing trenches, surface gold showings, and gold bearing veins
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Vancouver, British Columbia, Canada – August 20, 2020 – Trillium Gold Mines Inc. (TSXV:TGM) (“Trillium” or the “Company“ - https://www.commodity-tv.com/ondemand/companies/profil/trillium-gold-mines-inc/) has identified multiple continuous gold bearing quartz veins on its 100% owned Rivard property in Red Lake, Ontario. The veins, exposed on surface and in historical drilling, typically strike at an azimuth of 140 degrees and steeply dip to the northeast. An example of historical trenching can be seen in Photo 2 below.
Photo 2 80m long trench on the Rivard Property, looking back along the strike of a gold-bearing vein
Russell Starr, President and CEO of Trillium “The Rivard property is contiguous to our flagship Newman Todd Property, making this a significant acquisition as we continue to delineate gold mineralization with the potential of adding to the current strike length of Newman Todd. In addition to all documented gold occurrences of high-grade gold mineralization and known surface expressions from exploration, Trillium is excited to see that the Rivard property has similar geological characteristics to the model of the legendary Campbell and Red Lake Gold Mines. Shareholders should anxiously look forward to an inaugural drill program as we look to test the intersection of Rivard’s high grade gold bearing veins and the prolific Newman Todd structure.“
Exploration has been carried out on the Rivard property since the 1930s. The largest amount of work was completed in the 1940s by Heath Gold Mines Ltd., which collected a 64 ton bulk sample from several pits along a 200 metre length of the main gold-bearing trend. The bulk sampled yielded 8.32 ounces of gold (approximately 260 grams of gold) and had an average grade of 0.13 ounces of gold per ton (approximately 4.45 grams per ton).
Rubicon Minerals Corporation optioned the property from the Rivard family in the late 1990s; it then became part of the “Red Lake Joint Venture” or RLJV between Rubicon and AngloGold. In 2003 the RLJV was dissolved. AngloGold, which had earned a 60% interest in all of Rubicon’s very extensive land holdings in the Red Lake camp (except the McFinley and McCuaig mine properties), relinquished all of that interest except for the Rivard and Newman-Todd properties, in which it retained 100% interest demonstrating that AngloGold placed a very substantial value on these “west end” properties, both now controlled by Trillium Gold Mines. During the 2003-2004 period, AngloGold completed a merger with Ashanti Gold Mines, suspended all its exploration activities in Canada and terminated the option on the Rivard property.
At Rivard, gold typically occurs in the veins as coarse, free gold, whereas on the NT property, gold commonly occurs in a carbonate and sulphide rich breccia horizon as well as in later quartz veins. Photo 3 shows an excellent example of quartz veining from the Rivard property in a fuchsite rich host rock, with spectacular visible gold.
Photo 3 Coarse free gold in quartz from one of the veins on the Rivard property
The dominant strike direction of veins is similar to that within the Red Lake greenstone belt and is consistent with D2 deformation seen camp wide, including mineralizing events in the Red Lake Mine. The table below provides a comparison of geological environments at the Rivard Property and the Campbell-Red Lake Mines.
COMPARISON BETWEEN GEOLOGICAL ENVIRONMENTS | ||
GEOLOGICAL FEATURES | CAMPBELL-RED LAKE | RIVARD PROPERTY |
Stratigraphy | Bruce Channel Sediments | Slate Bay Sediments -----unconformity----- |
Large Scale Structure | In Cochenour-Gullrock | Close to St Paul-Pipestone Bay |
Local Structure | F2 Folds | Probable F2 Folds |
Lithology | Ultramafic bodies in mainly mafic volcanics | Ultramafic bodies in mafic volcanics and felsic tuffs |
Lithology & Structure | Folded ultramafic bodies | Probable folded ultramafic bodies |
Alteration | Widespread Fe-carbonate | Widespread Fe-carbonate and fuchsite |
Metamorphism | Upper Greenschist facies near amphibolite facies isograd | Upper Greenschist facies near amphibolite facies isograd |
Mineralization | High grade gold | High grade gold |
Figure 1 Geology Map of the Rivard Property showing trenches, surface gold showings, and gold bearing veins
Figure 2 Satellite image of the Rivard Property showing trenches, surface gold showings, and gold bearing veins
The technical information presented in this news release has been reviewed and approved by Robert W. Schafer QP, PGeo, a director of Trillium Gold Mines, as defined by NI 43-101
For further information about this news release and the Company’s current activities contact [email protected], visit our website at www.trilliumgold.com or call us at 604-688-9588.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
“Russell Starr”
Russell Starr
President, CEO and Director
In Europe:
Swiss Resource Capital AG
Jochen Staiger
[email protected]
www.resource-capital.ch
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario.
Disclosure and Caution
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.
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.
