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Troubadour Resources Inc (2)
Symbol TR
Shares Issued 68,520,894
Close 2024-11-15 C$ 0.07
Market Cap C$ 4,796,463
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Troubadour Resources begins IP survey at Senneville

2024-11-15 10:10 ET - News Release

Mr. Chris Huggins reports

TROUBADOUR RESOURCES ANNOUNCES INITIATION OF IP GRID SURVEY AT THE SENNEVILLE GOLD-COPPER PROJECT

Troubadour Resources Inc. has commenced an induced polarization (IP) survey at its Senneville copper-gold property in the eastern Val d'Or district, Quebec.

The property is prospective for both orogenic gold and polymetallic VMS-style (volcanic massive sulphide) mineralization and comprises 230 mineral claims totalling over 12,000 hectares. Senneville is located within the prolific Val d'Or, Que., mining camp between Probe Gold's McKenzie break deposit (1,453,400 ounces inferred) to the north and the Probe's Novador development project to the south (6,405,000 ounces M&I (measured and indicated) and 1,550,200 ounces inferred).

The company has retained Val d'Or-based geophysical contractor Geophysique TMC to conduct the IP survey, which will be focused on the vicinity of the historic Gustave-Cere gold showing. The results from the IP survey will be used to help refine diamond drill targets for the company's upcoming maiden drill program for which field preparations have already begun.

The drilling will focus on the property's principal 11-kilometre trend of mineral occurrences that are spatially associated with the contacts of a prominent komatiite unit that trends through the property, hereafter referred to as the Senneville komatiite.

The Senneville property hosts the historic Gustave Cere gold showing, in which high-grade gold (up to 18.75 grams per tonne (g/t) gold (Au) over 0.85 metre, based on historical results) is hosted in quartz-carbonate-tourmaline veins that bear many similarities to the gold-bearing veins of the neighbouring Novador deposits.

Historical grab samples have yielded up to 49.5 g/t Au, historical channel samples have yielded up to 6.5 g/t Au over 1.8 metres and historical drilling has identified up to 18.15 g/t Au over 0.85 metre. This showing has been defined by drilling for approximately 361 metres along strike, but other areas of the project have not yet been systematically explored for gold, as the focus of historical work was largely on the property's volcanogenic massive sulphide potential.

Historical diamond drilling at the Gustav Cere showing suggests several parallel horizons of gold mineralization, with much of the strike length remaining open:

  • Historical drilling in the 1980s targeted a horizon of gold-bearing quartz veins along the footwall of a komatiite unit and underneath the surface trench, where historic work reports grab samples up to 49.5 g/t Au;
  • Recent historical drilling, in 2012 (SV-12-03; GM68366) and 2021(XR-21-01A; GM72154), intersected gold-bearing quartz veins along the hanging wall contact of the same komatiite unit, where relatively minor drilling has been focused;
  • A third horizon of gold mineralization is suggested by the presence of visible gold in 1981 drill hole SNF-3; however, assays are not reported for this interval.

Diamond drilling by the property's optionor, Xander Resources, returned silver anomalies (up to 250 g/t silver (Ag) over 0.33 metre in drill hole SN2304, within a broader interval of 10.7 g/t Ag over 12.23 metres) within smokey blue-grey quartz-carbonate veining approximately 1.6 km along trend from the Gustav Cere showing. The silver-bearing veins are situated at the hangingwall contact of the same komatiite unit that is associated with gold mineralization at the Gustav Cere gold showing. Primary lithological contacts are an excellent pathway for mineralizing fluids, presenting both structural and chemical contrasts to precipitate metals out of hydrothermal fluids. This contact has not been drilled over the 1.6-kilometre trend that connects the silver anomaly and the gold intercepts at the Gustav Cere showing and elevated abundances of silver are commonly associated with gold at the Gustav Cere gold showing. This set of veins is also along trend from zinc (Zn) and Ag occurrences discovered in 2009 (GM64915).

The locations of the drill holes to be included in the company's maiden drill program are not yet finalized. Targets are being designed based on systematically reviewed historic drill hole data and the recently initiated geochemical and geophysical surveys. Mobile metal ion (MMI) sampling by the previous claimholder was carried out in the vicinity of the Gustave-Cere trench in 2023 and generated overlapping metal anomalies along strike to the east of the gold-bearing trench, which will also be incorporated into the planning of the upcoming diamond drill program.

Qualified person

The technical content of this news release has been reviewed and approved by James Macdonald, PGeo, a qualified person as defined by National Instrument 43-101. Historical reports provided by Senneville's optionors were reviewed by Mr. Macdonald. The historical information provided has not been verified and is being treated as historic non-compliant intercepts.

About Troubadour Resources Inc.

Troubadour Resources is a North American mineral acquisition and exploration company focused on the development of quality critical mineral and precious metal properties that are drill ready with high-upside and expansion potential.

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