Business
Troubadour Receives Five-Year Drill Permit for the Texas Project
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2021) -   TROUBADOUR RESOURCES...
About this update from Troubadour Resources, Inc.
[{"type":"text","content":"Troubadour Receives Five-Year Drill Permit for the Texas ProjectVancouver, British Columbia--(Newsfile Corp. - January 14, 2021) -  TROUBADOUR RESOURCES INC. (TSXV: TR) (OTC Pink: TROUF) (the \"Company\") is pleased to announce that it has been granted a five-year area-based exploration permit for its 2,186 hectare Texas property located in the Greenwood Mining Division of Southern B.C. The permit allows the Company to build access trails, complete trenching and establish 50 drill pads on the project over the next five years. Phase 1 work program results are still pending from the field campaign completed in the fall of 2020 and will form the basis of a robust Phase 2 program. Phase 2 work will include drilling and is expected to be completed in the first half of 2021.\"With a permit now in hand we are eager to continue to unlock the value we see in the Texas project over the coming months,\" states Geoff Schellenberg, Company President.Additionally, the Company wishes to announce it has received approval from the TSX Venture Exchange for the option agreement with the property vendor to acquire a 100% interest in the Texas project previously announced on October 7, 2020.About the Texas ProjectThe road accessible Texas property covers historical mineral showings and is located 3 km southwest of the town of Beaverdell and in close proximity to the past producing Beaverdell Mine1 that was in operation from 1896 to 1991. The property covers ground prospective for vein hosted precious metal deposits, based on at least seven historical and newly discovered gold occurrences on the property and geological comparisons with the nearby Beaverdell Mine1. Several showings are present on the property, including two old mines and many older trenches, pits and adits that expose mineralized veins. The Beaverdell mining camp is predominately known for its silver production and the presence of high-grade gold occurrences makes the Texas property unique and significantly more attractive. The most notable polymetallic vein showings on the property are the Doorn, Cabin and Wombat with notable grab sample2 assay results from work completed by the property vendor listed in the table below:Sample NumberLithologyLocationAu g/tTX001Quartz VeinDoorn5.8TX002Quartz VeinDoorn16.96TX003GranodioriteDoorn0.12TX004Quartz VeinDoorn241.96 Sample NumberLit...