Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX: TGLDF) (FSE: 0702) has provided an update on its exploration focus and next steps for growing shareholder value after successfully completing its merger with Pacton Gold. Positioned as a dominant explorer in the renowned Red Lake Mining District, which is home to major gold producers such as Kinross Gold and Evolution Mining, Trillium plans to implement aggressive exploration programs at key locations, with a particular emphasis on the Newman Todd project.
Trillium boasts the largest and most strategic land position in the Red Lake Mining District, bordering five mines and advanced projects, including Evolution’s Red Lake operations, Kinross’ Dixie project, and First Mining’s Springpole project. The Newman Todd project, within Trillium’s portfolio, stands out with its 2.1 km strike length hosting 10 high-grade gold zones, including a significant historic resource estimate compliant with the NI 43-101 standard.
Recent drilling at Newman Todd has yielded exceptional results, including intercepts with bonanza grades. Notable findings include hole NT22-211, which encountered 40.56 g/t Au over 4.18 m, including 214 g/t Au over 0.30 m, and hole NT22-212, which returned 8.75 g/t Au over 20.4 m, including 549 g/t Au over 0.3 m.
Trillium possesses an extensive database of drill results and sampling, covering over 89,600 hectares, along with valuable exploration hotspots. The company has invested over $60 million in exploring its portfolio, which includes the Sidace project, a joint venture with Red Lake’s senior producer, Evolution Mining. Sidace features three high-grade zones that remain open along strike and at depth.
While Trillium’s primary focus is gold, the company has also encountered significant occurrences of critical metals during its exploration work, presenting additional upside potential.
Nav Dhaliwal, President, CEO, and Director of Trillium, expressed enthusiasm for the future, stating that the completion of the Pacton Gold merger positions the company as an exploration powerhouse in the Red Lake Mining District. With a unique strategic position, substantial mineralization, high-grade deposits, and a comprehensive exploration database, Trillium is well-positioned for accelerated growth. The company plans to commence a significant drill program targeting promising zones at the Newman Todd project while exploring opportunities across its extensive regional land package.
This marks a significant milestone for Trillium Gold Mines as it embarks on a new phase of exploration and value creation in the highly prospective Red Lake Mining District.