Trillium Gold (sponsor) just announced that continued drilling intersected 16.1 g/t gold (Au) over 3.9m, 124.66 g/t gold (Au) over 0.24m, 49.56 g/t gold (Au) over 0.3m, all with visible gold. This on top of its previously announced bonanza gold grades of up to an astonishing 139 g/t at its 100% owned flagship Newman Todd project in Canada’s premier Red Lake mining district.
The project was only sparsely been drilled or tested at depths below 400 meters. Remarkable potential is present as mineralization remains open along strike and depth, and potentially in postulated parallel features. Gold mineralization has been intersected in over 40% of holes drilled to date. A network of very gold-rich veins have been traced for at least 2.2km along strike.
The recently acquired Gold Centre project is in the highest-grade gold camp in North America. producing over 29.5 million ounces since the early 1900’s, with grades of more than 1/2 ounce per ton. And Trillium has a number of other promising projects in its growing portfolio.
Excitement is running high, which is why any time Russell isn’t restricted, he’s busy buying shares. He currently owns or has warrants and options on 3 million shares. Management and insiders own 38%, 22% is owned by institutions, and 38% by the public. Russell seeks to be held accountable for his successes and failures. His philosophy is that a shareholder in any company is entitled to that respect. A very refreshing view.
And he has the track record to deliver as he has done it before. After leaving the financial sector, he held executive positions at Cayden Resources and Auryn Resources. As SVP with Cayden, he was instrumental in its sale CAD$205 million to Agnico Eagle. Could there be a similar outcome for Trillium.
And should lightning strike twice, Trillium is extremely well positioned to deliver to its owners. It has plenty of cash available to finance its ambitious drill program and when the results start flowing, considering the tight share structure, just 52.3mm shares (fully diluted), we could see very outsized shareholder gains, which is why we’re shareholders as well.
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