- Trojan Gold (TGII) provided an update on the preliminary prospecting program at its 50 per cent owned Hemlo South property
- The company is conducting the Phase 1 exploration program, which includes a mapping program and taking soil and rock samples
- To date, the exploration crew has taken 293 soil samples and 44 rock samples
- About one-third of the target area is mapped and prospected
- The Phase 1 work contemplated in the 43-101 Technical Report is now expected to be completed by early September 2022
- Trojan Gold is trading steady at $0.08 a share as of 10:25 am ET
Trojan Gold (TGII) provided an update on the preliminary prospecting program at its 50 per cent owned Hemlo South property.
The Toronto-based prospect generator junior exploration company is conducting the Phase 1 exploration program, which includes a mapping program and taking soil and rock samples.
To date, the exploration crew has taken 293 soil samples and 44 rock samples. About one-third of the target area is mapped and prospected. The porphyry unit has been traced continuously for over 1,000 metres and intermittently over 2km.
The Phase 1 work contemplated in the 43-101 Technical Report is now expected to be completed by early September 2022.
The Hemlo South property is located 330 km northeast of Thunder Bay, 33km east from the Town of Marathon and is approximately 2km south of the Hemlo operations of Barrick Gold Inc. (Williams Mine) and comprises a total area of approximately 18.7 sq. km. The Hemlo Gold camp has produced some 21 million oz. gold to date and has been operating for 30 years.
Trojan Gold is a mineral resource company engaged in the acquisition and exploration of mineral resource properties. Its objective is to locate, explore and develop precious metals, focusing initially on the exploration and development of the Hemlo South Project.
Trojan Gold Inc. (TGII) is trading steady at $0.08 a share as of 10:25 am ET.
