Toronto, Ontario – February 25, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Trojan Gold Inc. (CSE: TGII) (the “Firm” or “Trojan”) is happy to announce that it has commenced a floor magnetic survey at its Watershed property within the Shebandowan Greenstone Belt.
Trojan holds a 100% curiosity within the 12,049 acre Watershed property within the western area of the Shebandowan Greenstone Belt (“Shebandowan”) roughly 110 kilometers west of the Metropolis of Thunder Bay, Ontario. Shebandowan hosts a number of previous producing steel mines together with gold (Ardeen Mine), copper (North Coldstream Mine), and nickel (Shebandowan Mine).
The Watershed property has all-season entry and lies adjoining to the north and east-west of the Larose property held by Tashota Sources Inc. and can also be adjoining to the Moss Lake property held by Goldshore Sources Inc. (“Goldshore”), which has roughly 4.0 million ounces Au assets (all historic mineral assets comprised of roughly 1.5 million oz. Au indicated and a couple of.5 million oz. Au Inferred in accordance with Goldshore’s website).
The Watershed property straddles the contact between the Quetico metasediments and the felsic-mafic metavolcanic rocks. The under-explored potential sedimentary terrain has actual probability to host gold mineralization because it has the potential to host the extension of the Larose property shear as proven on the most recent airborne geophysics. The property can also be probably potential for copper, nickel, zinc, cobalt, platinum group components because it hosts different east-northeast trending shear/fault zones that traverse the property.
Previous to Trojan’s current exploration exercise, the Watershed Property had been just about unexplored for its gold potential, though firms akin to Noranda, Inco and Cominco had explored for base metals within the volcanic rocks and related iron formations.
Within the fall of 2021, Trojan’s exploration group carried out a due diligence overview of earlier exploration work undertaken on the property and got here up with 4 potential goal areas. In January of 2022, Trojan retained Abitibi Geophysics to conduct a floor magnetic survey, which remains to be ongoing. As soon as this survey has been accomplished, a floor prospecting and geological mapping program can be applied on the geophysical grid. Trojan’s floor geological survey will help within the choice of a trenching program to be adopted with a drill program.
About Trojan Gold Inc.
Trojan is publicly traded on the Canadian Securities Change below the image CSE: TGII. The corporate is an lively Ontario-based Prospect Generator junior exploration firm led by a gifted group of pros having vital exploration, engineering, challenge financing and allowing expertise. Trojan has accrued sizeable land positions within the Hemlo Gold Camp and Shebandowan Greenstone Belt that symbolize vital mineral exploration potential. Trojan is a member of the Interbanc Capital Corp. Group of Corporations that features, amongst others, Tashota Sources Inc. (which holds the opposite 50% curiosity Hemlo South) and Strike Copper Corp. Altogether, these firms have substantial property holdings within the Hemlo Gold Camp, the Shebandowan Greenstone Belt and the Beardmore-Geraldton Gold Camp in Northern Ontario. For additional data on the corporate, please go to www.trojangold.com.
ON BEHALF OF THE BOARD,
Charles J. Elbourne,
President & CEO
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Cautionary Notice Relating to Ahead-Wanting Statements and Data
This launch accommodates “forward-looking statements” throughout the which means of relevant Canadian securities laws. Ahead-looking statements embody, however should not restricted to, statements relating to the impression and implications of drill outcomes of the Firm; the timing and quantity of estimated future exploration and success of such exploration actions; and the anticipated outcomes of the Firm’s plan to develop and implement a drill program on the Hemlo West challenge; the Firm’s deliberate enlargement of the Hemlo West challenge. Typically, forward-looking statements might be recognized by way of forward-looking terminology akin to “plans”, “expects” or “doesn’t anticipate”, “is anticipated”, “funds”, “schedule”, “estimates”, “forecasts”, “intends”, “proceed”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “might”, “would”, “will”, “would possibly” or “can be taken”, “happen” or “be achieved”. Ahead-looking statements are made based mostly upon sure assumptions and different essential details that, if unfaithful, might trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from future outcomes, performances or achievements expressed or implied by such statements. Such statements and knowledge are based mostly on quite a few assumptions relating to current and future enterprise methods and the surroundings during which the Firm will function sooner or later. Sure essential components that might trigger precise outcomes, performances or achievements to vary materially from these within the forward-looking statements embody, amongst others, foreign money fluctuations, the worldwide financial local weather, dilution, share worth volatility and competitors. Ahead-looking statements are topic to recognized and unknown dangers, uncertainties and different essential components that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm to be materially totally different from these expressed or implied by such forward-looking statements, together with however not restricted to: the impression the COVID-19 pandemic might have on the Firm’s actions and the economic system generally; the impression of the restoration put up COVID-19 pandemic and its impression on treasured metals; there being no assurance that the exploration program will end in expanded mineral assets; dangers and uncertainties inherent to any mineral useful resource estimates; receipt of vital approvals; basic enterprise, financial, aggressive, political and social uncertainties; future gold and different steel costs; accidents, labour disputes and shortages; environmental and different dangers of the mining trade. Though the Firm has tried to determine essential components that might trigger precise outcomes to vary materially from these contained in forward-looking statements, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There might be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements. The Firm doesn’t undertake to replace any forward-looking statements, besides in accordance with relevant securities legal guidelines.
In presenting this data, TGI will not be making a suggestion to promote nor soliciting a suggestion to purchase any securities, certifying the completeness or accuracy of this data, or assuming that the recipient is certified to contemplate this chance. Accordingly, this doc doesn’t and isn’t supposed to conform in any method with any United States or Canadian securities or disclosure legal guidelines or necessities. Prior to creating or soliciting any such supply, the Firm will present entry to such data and can adjust to the necessities of relevant securities legal guidelines.
Rodney Barber, B.Sc (Geology), a Director of the corporate is a Certified Individual (“QP”) below NI 43-101, has permitted the scientific and technical data contained on this information launch.
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