Trillium Gold Mines Inc. (TSXV:TGM) has announced this morning it has signed a definitive agreement to acquire 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, Ontario.
The property holdings include 16,991 hectares between the Fredart, Garnet Lake, Confederation north, and Confederation South properties. Red Lake is the company’s focus, and this acquisition gives Trillium control over a significant portion of the Confederation Lake assemblage and creates a contiguous land package covering over 100 kilometers of favourable structure on trend with Great Bear Resources’ Dixie Deposit.
Red Lake Hotspot
Great Bear was recently acquired by Kinross for C$1.8 billion, a huge acquisition in the Red Lake Mining District. The key focus for the acquisition with the Dixie project, which has shown exciting recent discoveries and the characteristics of a top-tier deposit.
Trillium Gold’s acquisition is on trend with Dixie, placing it in good company in one of Canada’s premier gold mining districts.
The Dominant Exploration Company
Trillium Gold has is focused on properties in the Red Lake Mining District, in particular, its Newman Todd project being advanced toward open-pit mining. The company has assembled on the most extensive property packages in the Confederation Lake assemblage of the Birch-Uchi greenstone belt, and this latest acquisition adds an additional 16,991 hectares to its portfolio. This is a major step in strengthening the company’s strategic advantage to consolidate the greenstone belt and makes the company the most dominant exploration company in the Red Lake Mining District.
Beyond the Red Lake Mining District, Trillium Gold has interests in highly prospective properties in Larder Lake, Ontario, and the Matagami and Chibougamou areas of Quebec.