Business
Troubadour Signs Option to Acquire 100% Interest in Bonanza Grade Gold Project, Southern BC
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2020) - TROUBADOUR RESOURCES INC. ...
About this update from Troubadour Resources, Inc.
[{"type":"text","content":"Troubadour Signs Option to Acquire 100% Interest in Bonanza Grade Gold Project, Southern BCVancouver, British Columbia--(Newsfile Corp. - October 7, 2020) - TROUBADOUR RESOURCES INC. (TSXV: TR) (OTC Pink: TROUF) (the \"Company\") is pleased to announce that it has entered into an option agreement with 1218802 B.C. LTD. , an arm's length vendor (the \"Vendor\"), to acquire a 100% interest in the 1,766 ha Texas property located in the Greenwood Mining District in Southern B.C. Key Project Highlights:Located within the prolific Beaverdell mining camp1 which was a center of activity in the area from the late 1890s to the early 1900s.Two recent grab samples* from the Doorn vein assayed 241.96 g/t Au and 78.84 g/t Au, 319 g/t Ag and 8% Cu.Recent analysis of wall rocks show gold mineralization over a much wider interval than previously thought.Historic soil geochemistry outlines compelling gold trends that were never followed up on.Drill permitting underway.*Grab samples are by definition selective. Grab samples are solely designed to show the presence or absence of mineralization, and are not intended to provide nor should be construed as a representative indication of grade or mineralization at the Project. Refer below for fuller disclosure on the 2017 grab sampling program and results.\"We are very excited to be adding this quality gold asset to our portfolio. The consolidation of this land package that contains numerous historic gold showings and workings presents a unique opportunity for Troubadour shareholders to benefit from the rising gold market,\" states Geoff Schellenberg, Company President.The 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 Mine2 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 Mine2. 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...