Canadian mining company Trillium Gold Mines Inc. (TSXV:TGM) recently reported that it has identified numerous gold pathfinder anomalies on its Confederation Belt properties, one of the 10 different projects it has on the go within the Red Lake Mining District. The company believes these anomalies establish the “great gold potential” for the 39,300 hectares of Confederation Belt properties, and will serve as priority targets for Trillium’s second phase of exploration work in 2022.
This follow up field work is expected to generate multiple drill targets, which will “effectively launch Trillium Gold’s Confederation belt properties into a new era in gold exploration,” said the company’s VP of Exploration William Paterson in a recent press release.
Trillium Gold has catapulted into the consciousness of many mining industry watchers and investors with its latest land acquisition.
Trillium also recently announced the approval of all the items presented at its annual general and special meeting of shareholders, including the re-election of the Directors of the Company being Robert Schafer, Russell Starr, David Velisek, Robert Kang and Krisztian Toth, which was held on December 21, 2021.
The company is advancing projects in the Red Lake Mining District, which is located in Northern Ontario and known to be one of the most premier gold mining districts in the world. There has been over 60,000 meters of historical drilling performed on the district, including multiple targets that have yet to be tested, and access to essential infrastructure.
Just last December Trillium’s project list grew even more as it acquired all of Infinite Ore Corp.’s Eastern Vision property holdings in the Confederation Lake assemblage of the Birch-Uchi greenstone belt in the Red Lake Mining District. The agreement will also include the issuance of 4,000,000 common shares in the capital of Trillium Gold including payment of $175,000 in cash to Infinite Ore.
The property covers 16,991 hectares between the Fredart, Garnet Lake, Confederation North and Confederation South properties, and will give the company control over a significant portion of the Confederation Lake assemblage.
Other operations the company runs include the Gold Centre located in “the heart of the highest-grade gold camp in North America,” Shining Tree in Matachewan -Kirkland Lake mining district, and multiple properties including the Fenelon property in Quebec.
Throughout all of their operations, Trillium Gold stands by their socially and environmentally responsible values, including creating employment opportunities, boosting the communities economical performance, and making an overall positive impact on the community. Energy and the use of emissions are monitored closely, along with proper waste management in place to help preserve the ecosystem and biodiversity, which the company recognizes as a top priority.
Out of all of the projects the company operates, one of the most highlighted projects is the Newman Todd project, which the company is just scratching the surface of in terms of the future potential. Early exploration back in the 1930’s and 1940’s was carried out with little information recorded from these explorations, and until now it has only been sparsely drilled or tested at depths below 400 meters.
Some drilling that has been completed on the project has concluded excellent potential with over 40% of the holes intercepted greater than 10g/t Au over various interval lengths. 56 holes drilled in 2011 identified zones of high-grade gold mineralization along the northeast of the project, and as of November 15, 2021 the total drilling stands at 15,927 meters on both the Newman Todd and Rivard Projects combined.
Future updates will be watched closely as the new land acquisition opens tens of thousands of available hectares to the company, and investors watch to see whether Trillium Gold might be the next Great Bear Resources, and a potential takeout target for the future.