Impact: Positive
Trillium Gold released results from an additional six drill holes (3,436m) from the ongoing 2021 drill program at its 100%-owned Newman Todd (NT) project in Red Lake, Ontario. New drilling shows that high-grade Au mineralization is present at +600m depth and has extended the NT Zone 150m to the SW. Ongoing drilling at NT continues to return high grades that could be additive to an updated resource. In our view, Newman Todd is one of the best early-stage projects being drilled in Red Lake and continued positive drill results and an updated resource at Newman Todd (H2/21) could drive a potential re-rating.
