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Trillium Gold’s Historical Core Sampling Highlights Potential for Confederation Belt’s Gold Endowment
Historical core sample of 7.89 g/t Au reported from drilling in 1992 at the Fly Lake area, believed to lie at the eastern intersection of Kinross Gold’s LP Faul
About this update from Renegade Gold Inc.
[{"type":"text","content":" Historical core sample of 7.89 g/t Au reported from drilling in 1992 at the Fly Lake area, believed to lie at the eastern intersection of Kinross Gold’s LP Fault and the Arrow Zone Gold Trend. [Figure 1] The newly discovered gold mineralization occurs within a corridor of significant structural complexity containing other gold showings, indicating the possibility of a more significant gold discovery. Numerous other significant gold occurrences never before documented have been identified throughout the property and herein outlined. The Great Bear discovery has shown that historical base metal occurrences regardless of grade were being largely ignored and unassayed for gold. This clearly indicates that Trillium’s Confederation Belt property has the potential to host major gold discoveries. VANCOUVER, British Columbia, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Trillium Gold Mines Inc. (TSXV:TGM, OTCQX:TGLDF, FRA:0702) (“Trillium Gold” or the “Company”) is pleased to provide an update on the extensive historical core sampling activities over its 55,000 hectare Confederation Belt project in Red Lake, Ontario. A significant number of anomalous results have been received from the historical core and recent field work, from areas along and adjacent to the eastern extensions of both the LP Fault and the Cochenour-Gullrock Fault associated with the Red Lake Mine, as well as internally within the Confederation greenstones localized in structurally complex areas. Gold results obtained and compiled by Trillium to date appear to cluster along several linear trends generally running parallel to the long axis of the Confederation greenstone belt. (see Figure 1). The Fly Lake prospect which lies near the intersection of the Arrow Zone Trend and is considered to be a splay off the eastern extension of Kinross Gold’s LP Fault, returned the highest grade result obtained to date of 7.89 g/t Au reported from a diamond drilling grab-sample of core from a weathered cache dating back to 1992 (See Figure 2). This sample was taken over a 10 cm quartz-Fe-carbonate vein hosted within felsic volcanic rocks. Russell Starr, President & CEO of Trillium Gold stated, “Uncovering gold in historical core samples in a district drilled primarily for base metals until the recent Great Bear discovery will greatly enhance our targeting for the upcoming spring drill p...