LevelInfo – AU – Trident Royalties says drilling shows potential for more resources on the Lake Rebecca project


The company said that drilling on the site completed by project owner Apollo Consolidated has also returned « strong gold drill intervals », « Significant new gold mineralization on hanging walls » and « New near-surface gold mineralization »

Trident Royalties PLC (LON: TRR) said drilling has been completed on the Lake Rebecca gold project in Western Australia, on which it owns a 1.5% net smelting fee, has the potential for « significant improvement in an update scheduled for Q2 2021 “The mineral resource estimate shown

The mining licensing and streaming company said drilling on the Rebecca deposit to reduce the risk of future mining studies conducted by project owner Apollo Consolidated has returned « strong gold drill intersections » as well as « significant new hanging wall » Gold Mineralization ”and“ New Shallow Gold Mineralization ”

Meanwhile, Trident said that new drill results from the Duchess and Duke deposits on the project showed exploration potential for 1 kilometer of soil between the two and « confirmed, broadened and expanded the known mineralization »

Elsewhere on the Cleo target, the company said early-stage drilling showed « good potential for future definition of mineral resources » and encouraged the interception of anomalous gold zones

Looking ahead, Trident said that the mineral resource update planned for the second quarter is expected to show an increase in contained ounces from the initial resource estimate presented in February 2020 and that the drilling will continue to test explored structural targets that are in between lie the Cleo, Duchess and Rebecca deposits

« We are delighted with the exploration progress that Apollo has made at the [1 million Ounce] Lake Rebecca Gold Project Since the license acquisition was completed on 29 In October 2020, Apollo announced some very encouraging infill and exploration drill results which bode well for significant improvements in the expected update of the mineral resource estimate in the second quarter of 2021, which will serve to further reduce the risk of future technical studies on this project as Apollo seeks to get the project into mining faster, « said Adam Davidson, CEO of Trident, in a statement

« It is also encouraging to see that the royalty area has prospects for defining additional resources, as developments in the emerging Cleo deposit demonstrate. We look forward to following developments on the project as drilling continues and engineering studies begin, « he added

The above has been posted on its website by Proactive Investors Limited (the « Company ») and is made available under the terms of use of its website (see T&C)

Adam Davidson, CEO of Trident Resources (LON: TRR), speaks to Katie Pilbeam of Proactive London about the acquisition of a portfolio of three existing royalties for the Pukaqaqa Copper Project for approximately $ 3.0 million All equity deal

Davidson states that Pukaqaqa is majority owned and operated by the NYSE

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Project, Resource, Gold, Apollo Consolidated

Level Info – AU – Trident Royalties Says Drilling Shows Potential For More Resource At The Lake Rebecca Project
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Trident Royalties Says Drilling Shows Potential For More Resource At Lake Rebecca Project

Source: https://www.proactiveinvestors.co.uk/companies/news/938443/trident-royalties-says-drilling-shows-potential-for-increased-resource-at-lake-rebecca-project-938443.html

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