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Troubadour Resources Inc
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Close 2019-01-15 C$ 0.10
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Troubadour submits Amarillo exploration plan amendment

2019-01-15 11:19 ET - News Release

Mr. Geoff Schellenberg reports


Troubadour Resources Inc. has provided an update on the planning and timing of the company's resumption and expansion of drilling at its 100-per-cent-owned Amarillo project located approximately 30 kilometres west of the town of Peachland, B.C.

The company has submitted an amendment of its current exploration permit to the Ministry of Energy and Mines to allow for continued drill testing of multiple, additional high-priority targets on the Amarillo property.

Assays from the initial four-hole drill program completed in late 2018 are pending, but, based on the magnitude of the hydrothermal alteration, sulphide mineralization and structural features observed in the initial round of drilling, an expansion of the drilling program is warranted, and drill pad locations have been determined and applied for to further test the highly prospective trench chargeability anomaly. Amended drill pad locations were also included in the amended permit submission to allow the company to increase the scale of the program by drill testing other high-priority exploration targets previously defined on the property.

Geoff Schellenberg, president and a director of Troubadour Resources, commented: "We are excited with the success we have achieved so far with the visual confirmation of a potentially large porphyry system after drilling only 1,341 metres in four holes. The team is very eager to resume drilling and unlock the true potential of the Amarillo project over the coming months."

Surface samples taken late last year have also bolstered Troubadour Resources' confidence in the project. Encouraging recent results from Amarillo are displaying geological similarities to the now depleted Brenda Cu-Mo-Ag-Au (copper-molybdenum-silver-gold) porphyry mine located 10 kilometres to the north of Amarillo, which produced 278,000 tonnes of copper, 66,000 tonnes of molybdenum, 125 tonnes of silver and two tonnes of gold over a 20-year mine life.

Once drill core assay data are received by the company, Troubadour Resources will aid in further refinement of the exploration plan. The company is fully financed to resume drilling by late February/early March and complete up to an additional 1,500 metres of drilling in four to six drill holes prior to spring breakup.

Vancouver Resource Investment Conference

Troubadour Resources invites shareholders and the investment community to visit the company at booth No. 927 at the Vancouver Resource Investment Conference held at the Vancouver Convention Centre West on Sunday, Jan. 20, 2019, and Monday, Jan. 21, 2019.

About Troubadour Resources Inc.

The company has been engaged in the acquisition and preliminary exploration of its 100-per-cent-owned Amarillo project, which is located approximately 30 kilometres west of the town of Peachland and 71 kilometres northeast of the town of Princeton in southwestern British Columbia, Canada.

The Amarillo project consists of seven mineral tenures totalling 4,178 hectares and is situated within the heart of a major mining district. The Amarillo project exhibits areas enriched in copper, molybdenum and gold, in addition to areas hosted by skarn-style mineralization that is highly anomalous in tungsten.

Patrick McLaughlin, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the contents of this news release.

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