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Trillium Gold to Acquire Rivard High Grade Gold Property in Red Lake, Ontario
Previous drill results include13.16 grams per tonne ("gpt") Au over 9 m (0.42 ounces per ton ("opt") Au over 31 ft) and 20.93 gpt over 1 m (0.67 opt Au over 3.2
About this update from Renegade Gold Inc.
[{"type":"text","content":" Previous drill results include13.16 grams per tonne (\"gpt\") Au over 9 m (0.42 ounces per ton (\"opt\") Au over 31 ft) and 20.93 gpt over 1 m (0.67 opt Au over 3.28 ft) drilled by Rubicon Minerals Previous 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), 28.62 gpt Au over 2.90m (0.92 opt Au over 9.51 ft) drilled in 2007 by E-Energy Ventures Surface channel sample results include 188.49 gpt Au (Fire Assay) 80.38 gpt Au (Pulp & Metallic) over 0.45 m and 28.29 gpt Au (Fire Assay) 53.91 gpt Au (Pulp & Metallic) over 0.30 m Confirmation of geological data has been initiated with a drill program expected to commence later this year Vancouver, British Columbia, Canada - TheNewswire - August 4, 2020 - Trillium Gold Mines Inc. (TSXV:TGM) (\"Trillium\" or the \"Company\"), is pleased to announce that is has signed an agreement to acquire the Rivard Property, contiguous to its Newman Todd Property, in the Red Lake Mining District, Ontario. Russell Star, CEO of Trillium Gold, states that \"The Rivard Property adds another significant piece to our exploration package in Red Lake. The property includes an on-strike extension to the Newman Todd Zone (\"NTZ\") to the southwest of our current land holding and adds a new exploration dimension with the high grade gold veins that have been mined on surface by the Rivard Family1 to the northwest in the footwall of the NTZ. We plan to initiate aggressive exploration by updating the geologic mapping and surface sampling in advance of drilling later this year on this very underexplored and highly prospective property. The addition of the Rivard property is another step Trillium has taken to continue to add value for shareholders.\" The Rivard Property consists of one lease of six contiguous minerals claims encompassing 90 hectares. Upon completion of the transaction Trillium will acquire a 100% interest in the property, subject to a 1.5% NSR royalty, by completing payments totalling $400,000 and 400,000 shares over 3.5 years. The Company has the right to repurchase 1/2 of the Royalty (0.75%) for consideration of $1.2 million, payable in cash or shares. In addition, the Company has a right of first refusal should the holders of the ...