Trillium Gold’s Field Work on Confederation Belt Reveals Strong Affinity to Red Lake’s Major Structural Trends

• A newly discovered spatial relationship of Balmer affinity rocks on Trillium’s Confederation Belt suggests the Cochenour-Gullrock Trend and associated unconformity continues from Red Lake across the northern portion of the Confederation Belt.
  
  
• Consistent anomalous to high-grade gold results spatially associated with these structures have allowed the Company to refine and develop meaningful high-priority drill targets.
  
  
• Historical gold mineralization (e.g., 1.58 g/t over 7.6 m, and 13.33 g/t Au grab sample from Panama Zone) occurs within similar rock types, stratigraphy, and along the Panama Lake North Trend, a possible extension or splay of Kinross Gold’s LP Fault.
  
  
• Primitive-mantle normalized trace element plots illustrate similarities between the Great Bear project and the Panama Lake property, suggesting high potential for gold discovery.
  
  
• Core photos from the Panama Lake property show remarkable textural and geochemical resemblance to Kinross Gold’s Great Bear project.
  

VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- Trillium Gold Mines Inc., (TSXV: TGM, OTCQX:TGLDF, FRA:0702) (“Trillium Gold” or the “Company”) is pleased to provide an update from the lithogeochemistry, structural and stratigraphic studies over its approximate 570 sq km Confederation Belt project in Red Lake, Ontario. The project encompasses one of the largest contiguous land positions ever assembled in the Red Lake mining district, bound by the same geological trends that have defined the Red Lake Mining District as a world-class mining jurisdiction.

The results from the Company’s field work strongly suggest structural, stratigraphic, and litho-geochemical similarities along or adjacent to the eastern extensions of both the LP Fault, associated with Kinross Gold’s Great Bear project, and the Cochenour-Gullrock Fault, associated with Evolution Mining’s Red Lake Mine (Fig. 1).

“Viewed in conjunction with the resampling of historical core for gold, the technical findings from the field work add degrees of confidence supporting Trillium’s exploration model that these significant gold-bearing structures continue through the Confederation Belt property”, remarked Russell Starr, President & CEO of Trillium Gold. “Moreover, the consistency in the anomalous to high-grade gold occurrences spatially associated with these structures have also opened up opportunities to refine and develop meaningful high-priority drill targets.”