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Troubadour Resources Provides Update on the Privateer High-Grade Gold Project, Zeballos, B.C.
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2019) - TROUBADOUR RESOURCES INC. (TSXV: TR) (OTC PINK: TROUF) (the "Company") is pleased to provide an
About this update from Troubadour Resources, Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 26, 2019) - TROUBADOUR RESOURCES INC. (TSXV: TR) (OTC PINK: TROUF) (the \"Company\") is pleased to provide an update on the progress of its due diligence of the Privateer Gold Property (formerly the Surespan Gold Property) located on the northwest coast of Vancouver Island, B.C., near the town of Zeballos. In addition to the established high-grade gold veins, the Company believes the Privateer Gold Property has significant exploration and discovery potential. Preliminary highlights of the data review show significant potential for the expansion of known vein occurrences in the areas around past producing mines on the property. The newly discovered 88 Vein, which contained 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, has been proven over a strike length of 130 metres. This vein remains open along strike to the northeast, southwest, at depth and is interpreted as the likely extension of the vein system at the past producing Privateer Mine. There is an intervening on-strike distance of 275 metres between the No. 2 vein in the Privateer Mine workings and the 88 Vein, that provides a clear and obvious high priority drill target. The Privateer Mine's No. 2 vein was historically exploited over a 150 metres. Combined with the 88 Vein as the interpreted extension, the No. 2 Vein exhibits a potential minimum strike length of 550 metres. This is just one example demonstrating the continuity over considerable distances of the veins at the Privateer Gold Property and the unrealized discovery potential. See related map here. Further instances of exploration potential are evident around the past producing Prident Mine and White Star Mine. In the area around the Prident Mine, drilling completed in 2018 intersected 7.12 metres of 5.81 grams per tonne gold including 0.37 metres of 67.50 g/t gold; 0.40 metres of 23.10 g/t gold and 0.39 metres of 18.40 g/t gold from 51 metres downhole in hole Z18-25. This hole was a 50 metre step out to the northeast from the known extent of the mineralization in the past producing Prident Mine and remains open along strike and at depth. In the area surrounding the White Star Mine, drill hole Z18-02 intersected 0.55 metres of 24.20 g/t gold from 61.50 metres downhole. This hole was an 8...