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Troubadour Provides Update on the Privateer High-Grade Gold Project, Zeballos, B.C.
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2019) - TROUBADOUR RESOURCES INC. (TSX...
About this update from Troubadour Resources, Inc.
[{"type":"text","content":"Troubadour Provides Update on the Privateer High-Grade Gold Project, Zeballos, B.C.Vancouver, British Columbia--(Newsfile Corp. - May 6, 2019) - TROUBADOUR RESOURCES INC. (TSXV: TR) (OTCQB: TROUF) (the \"Company\") is pleased to provide an update on the Company's ongoing activities during its due diligence period as part of its right to acquire a 100% interest in the Privateer Gold Property located on the northwest coast of Vancouver Island, B.C., near the town of Zeballos. The Company's geologists have conducted an initial site visit of the property to confirm drill collar, portal and access locations, and have taken selective check samples to validate analytical results. The results from these replicate samples compare well to and reinforces confidence in the original data set. This, combined with the exceptional exploration potential and targets that have been identified thus far by the Troubadour technical team, supports the continued progression towards completing the proposed transaction by the end of May 2019.In collaboration with the Company, Surespan Construction crews are at site rehabilitating existing access roads and constructing a series of new roads. The network of roads is designed to provide unprecedented access to the highly prospective exploration targets while improving access to areas hosting the pronounced 2017 and 2018 drill results, which included:An intercept of 1,386.50 g/t gold (Company news release dated March 5, 2019) over 0.30 metres from 85.30 metres downhole at the newly discovered 88 Vein;A 50 metre step-out to the northeast of the past-producing Prident Mine of 5.81 g/t gold over 7.12 metres, including 67.50 g/t gold over 0.37 metres; 23.10 g/t gold over 0.40 metres and 18.40 g/t gold over 0.39 metres from 51 metres downhole; andAn 80 metre step-out to the Southwest of the past-producing White Star Mine of 24.20 g/t gold over 0.55 metres from 61.50 metres downhole.* Drill intercept lengths disclosed herein are expressed along drill core axis and do not represent true thickness of mineralization. There has been insufficient work to determine true thickness and further work is needed to determine the relationship between core intercept length and true thickness. For a summary of the significant intersections reported from the 2017 and 2018 drill campaigns, refer to Company news release dated March...