Trident Gold Corp. Exploration Update and Expected Commencement of Drill Program of Identified High Grade Veins
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TORONTO, Feb. 20, 2013 /CNW/ - Trident Gold Corp. (TSX-V: TTG) ("Trident") is pleased to provide an exploration update on the Marquesa Gold Property Portfolio ("Marquesa") in Antioquia, Colombia. Marquesa is a semi-contiguous portfolio of mineral properties of approximately 124,000 Ha in area (outlined as the red "hatched" areas within Figure 1). The focus of exploration to date has been the Floresta Gold Project (as outlined by the solid red boundary line within Figure 1), the subject of our National Instrument 43-101 report.
Exploration of the Floresta Project has identified two primary target areas:
- Mesothermal high-grade area (3km x 1km) with over 30 major veins identified (20 of which are high-grade). Examples of typical detail provided in Figure 2.
- The mesothermal nature of the mineralization implies very significant depth potential (500m+)
- Artisanal mine workings have been observed to a depth of c.50m with artisanal miners reporting depths of c.100m+
- 3,000m of artisanal tunnels have been mapped and selectively sampled
Sampling results of veins in target drill program:
|Vein||Au (g/t)||Ag (g/t)||Width (m)|
|La Flaca I||22.8||22.2||0.8|
- Intrusive Related Gold System ("IRGS"), being similar to the Gramalote deposit (AngloGold/B2Gold) located approximately 25km directly south.
- Sheeted vein and stockwork presenting potential for a bulk mineable deposit
- 31 channel samples from three mines reported a weighted average of 1.87g/t Au and 9.5g/t Ag.
- 70m cross-structure tunnel: 40m average grade 0.83 g/t Au (sampled as a series of 5m channel samples), incl. 4.8 g/t Au & 20g/t Ag across 5m in La Maraña mine.
Structural GeologyAnalysis of the Floresta District
In January, a structural geology investigation of the Quebraditas and La Maraña targets in our Floresta district was conducted by Dr Eric P. Nelson, consulting structural geologist and Associate Emeritus Professor at the Colorado School of Mines. Dr Nelson reported a high degree of interpretability in the structural controls of the Quebraditas target, and as a consequence provided the exploration team with a high level of confidence in the drilling program design.
Dr. Nelson reported that the Quebraditas vein system shares a number of features in common with the Abitibi and Kalgoorlie belts of Canada and Western Australia respectively, including irregular sulfide banding in generally milky to translucent gray quartz and the wallrock alteration assemblage (chlorite, sericite and pyrite).
Drill Program Outline
Trident´s senior exploration team of David F. Volkert, P.Geo. (Director, Geology) and John W. Kieley, P.Geo. (Vice President, Exploration), with the collaboration of Dr Nelson, have ranked the target ore shoots. First phase drilling will commence by testing of a minimum of seven (7) priority targets to a depth of approximately 100m targeting high grade structures and testing for disseminated mineralization adjacent to the veins. Based on the findings of the structural geology work, mineralized ore shoots are expected to rake 90o down dip (vertical). Examples of the preliminary drill design are highlighted in Figure 3. In all of these holes we expect to hit multiple high-grade gold-bearing structures.
Timothy Russell, President and Chief Executive Officer of Trident, said, "as a result of the extensive exploration work completed to date we have a high degree of confidence of achieving success in the First Phase drilling program outlined for the Quebraditas targets".
Marquesa Gold Project
Trident's principal asset is the Marquesa Gold Property Portfolio located within the highly prospective Antioquia Batholith in Antioquia, Colombia. The project is comprised of approximately 124,000ha contiguous land package located approximately 25km north of AngloGold Ashanti/B2Gold´s Gramalote Gold Project. Multiple drill targets and prospects have been identified on the property. The 2013 exploration program will focus on the most value accretive activities, with initial drilling to be executed in phases, commencing on the Quebraditas high-grade gold vein target.
The Quebraditas anomaly measures 3km x 1km and is open in all directions. Exploration to date at Quebraditas has focused on the mapping and sampling of over 3,000m of artisanal mine tunnels. More than 30 veins have been identified occurring en echelon on two district scale intersecting lineaments.
John W. Kieley, P.Geo., Vice President of Exploration, is a Qualified Person, as defined by Canadian National Instrument 43-101, and has reviewed and approved the geological and technical information contained in this news release.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" under applicable Canadian securities legislation which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Trident's objectives, goals or future plans. Although Trident believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Trident disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Image with caption: "Figure 1 - Overview of Marquesa Portfolio of Properties (CNW Group/Trident Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20130220_C7007_PHOTO_EN_23906.jpg
Image with caption: "Figure 2 - Quebraditas Target (Typical Detail) (CNW Group/Trident Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20130220_C7007_PHOTO_EN_23904.jpg
Image with caption: "Figure 3 - Quebraditas Drill Hole Examples (CNW Group/Trident Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20130220_C7007_PHOTO_EN_23905.jpg
SOURCE: Trident Gold Corp.
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