Key Goals of the Exploration Program
Systematic exploration of the Golden Bug,
Establish detailed geochemical sampling grids to refine existing zones and discover new targets.
Expand ground-based geophysical magnetics coverage, as phase 1 drilling results confirmed that linear magnetic lows are a good indicator of underlying mineralization.
Broaden geophysical and geochemical coverage at the Doorn and Cabin targets.
Deploy a man portable back-pack drill to drill test surface showings and collect representative core samples for analysis.
The Company plans to explore the Midnight, Golden Bug, and
'Our systematic approach to exploration over the last two years on less than 20% of the Texas Property culminated in a maiden drill program that resulted in the grassroots discovery of both high-grade gold veins and bulk tonnage gold mineralization. We are excited to apply this methodology to the other high-priority, underexplored areas on the Property. With the insights gained from interpretation of all the available modern data, we will be able to prioritize targets for the next round of drilling,' states
Compilation of geochemical, geophysical, and drilling data from the 2020/2021 exploration campaigns has revealed that high-grade and bulk tonnage gold at the Doorn and Cabin targets is associated with magnetite-destructive hydrothermal systems exploiting steeply-dipping east-west structures. Andesite dykes commonly occur in proximity to gold-enriched samples, and oriented drill core measurements taken from mineralized veins within these structures show that veins are generally 'stacked' and trend roughly north-south. Anomalous gold values in soil and rock samples correlate well with elevated silver, copper and lead values.
Financing
The Company has arranged a private placement of 335,000 flow-through units at
AGM Results
The Company is pleased to announce that all motions put forth at the Company's AGM held on
About Troubadour
Contact:
Tel: (604) 681-0221
Email: geoff@troubadourresources.com
Forward-Looking Information
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward-looking statements.
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