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Troubadour Resources Inc (2)
Symbol TR
Shares Issued 70,068,574
Close 2025-02-24 C$ 0.04
Market Cap C$ 2,802,743
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Troubadour begins follow-up IP survey at Senneville

2025-02-24 18:18 ET - News Release

Mr. Chris Huggins reports

TROUBADOUR RESOURCES ANNOUNCES FOLLOW-UP INDUCED POLARIZATION SURVEY AT THE SENNEVILLE GOLD-SILVER-COPPER PROJECT AHEAD OF MAIDEN DRILL PROGRAM

Troubadour Resources Inc. has begun a follow-up induced polarization (IP) survey at the Senneville gold-silver-copper property in the eastern Val d'Or district.

2025 follow-up IP survey highlights:

  • The company is completing this survey to address gaps due to seasonal obstacles and limitations in the initial survey completed in 2024 in the Gustav Cere gold showing, where historic and recent drilling campaigns have intercepted high-grade gold from 1.4 grams per tonne gold to 18.75 grams per tonne gold.
  • The company will be able to finalize diamond drill holes for its maiden drill program after completing the complementary IP survey using the additional data.
  • A total of 3,000 metres across five parallel lines were designed to collect additional IP survey data. Geophysique TMC of Val d'Or will complete the survey.

"The results from our November, 2024, IP survey indicate two zones on the Senneville property that are favourable for gold mineralization, which have not previously been targeted with diamond drilling; this complementary IP survey will provide key data as we move ahead with our maiden drill program," stated chief executive officer Chris Huggins.

He continued: "While some extent of the main showing has been defined through diamond drilling by previous claimholders, Troubadour is approaching the property with a fresh perspective that looks beyond where historic work has been completed. Our strategy has provided compelling new targets with potential for discovery in the Val d'Or district, and we are eager to test these zones with the upcoming spring 2025 diamond drill program."

The Senneville property is prospective for both orogenic gold and polymetallic VMS-style (volcanogenic massive sulphide) mineralization and comprises 255 mineral claims located in the eastern part of the Abitibi greenstone belt, approximately 25 kilometres northeast of the gold mining center of Val d'Or, Que. It covers over 12,000 hectares of ground and is contiguous with Probe Gold's Val d'Or East properties to the north and south, which host a combined resource of 6.7 million ounces gold measured and indicated and 3.3 million ounces gold inferred (see Probe's news release dated Sept. 5, 2024).

Highlights of the conducted IP survey and previous exploration:

  • The survey identified chargeability anomalies along the hangingwall and footwall contacts of the Senneville komatiite in areas where there had been no previous diamond drilling.
  • These zones are within areas host to previously proposed diamond drill holes, where work by the previous claimholder had returned silver, copper, nickel and zinc metal anomalies.
  • Northwest of the NW chargeability anomaly, the previous claimholder, Xander Resources, intersected a 10-metre-wide blue-grey quartz vein that returned a widespread silver anomaly (10.62 grams per tonne silver over 12.3 metres and up to 250 grams per tonne silver over 0.33 metre) along the same geologic contact, suggesting the mineralized veins extend to the northwest.
  • At the Gustave Cere gold showing, high-grade gold (including 16.52 grams per tonne gold over 0.82 metre at DDH AHS-83-5, 11.03 grams per tonne gold over one metre at SV-12-3, 9.79 grams per tonne gold over one metre at SV-12-1 and 18.75 grams per tonne gold over 0.85 metre at DDH XR-21-01A), based on historical results, along with other several high-value gold intercepts) is hosted in quartz and quartz-carbonate-plus-or-minus-tourmaline veins that bear many similarities to the gold-bearing veins of the neighbouring Novador deposits.
  • This showing, along with several parallel northwest-southeast, gold-bearing veining systems, has been identified through multiple drilling campaigns along an approximately 450 metres strike from drill holes ASH-84-1 to SV-12-03. Sulphide mineralization at the Gustav Cere showing consists of halos of disseminated to stringer pyrite that mantle the gold-bearing veins.

Qualified person

Babak V. Azar, PGeo, an independent qualified person as defined by National Instrument 43-101 and member of the Engineers and Geoscientists of British Columbia, has reviewed and approved the technical contents of this news release. Historical reports provided by the optionors were reviewed by the qualified person. Some of the information provided has not been verified and is being treated as historic non-compliant intercepts or records.

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. Based in Vancouver, B.C., Troubadour trades on the TSX Venture Exchange under the symbol TR, on the OTCQB exchange under the symbol TROUF, and on the Frankfurt, Berlin and Tradegate stock exchanges under the symbol A3DBDE.

Troubadour's flagship project is the Senneville gold-silver-copper project. Comprised of 230 mineral claims totalling over 130 square kilometres, the Senneville project is located within the prolific Val d'Or mining camp between Probe Gold's McKenzie Break deposit (1,453,400 ounces gold inferred) to the north and the Probe's Novador development project to the south (6,405,000 ounces gold measured and indicated and 1,550,200 ounces inferred).

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