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Tombill Mines Ltd
Symbol TBLL
Shares Issued 153,762,919
Close 2021-09-20 C$ 0.12
Recent Sedar Documents

Tombill Mines drills eight m of 5.29 g/t Au at Tombill

2021-09-20 09:09 ET - News Release

Mr. Adam Horne reports

TOMBILL MINES CONFIRMS CONTINUANCE OF THE F-ZONE EXTENSION OVER ITS FLAGSHIP PROPERTY, DISCOVERS NEW HIGH GRADE F2-ZONE, AND STARTS SHALLOW DRILLING

Tombill Mines Ltd. has provided an exploration update at its 100-per-cent-controlled, royalty-free flagship and patented Tombill Main Group property within the Geraldton gold camp.

Summary of recent results from phase 1 drill program to date:

  • Hole TB21-005E, a wedge hole drilled from mother hole TB21-005, returned 5.29 grams per tonne gold over 8.0 metres from the targeted F zone. A second interval of 13.88 grams per tonne gold over 2.0 metres was encountered somewhat deeper in a new mineralized structure deemed the F2 zone.
  • Hole TB21-005B, another wedge hole drilled from hole TB21-005, returned 8.15 grams per tonne gold over 4.1 metres from the F zone.
  • As previously reported in the company's news release dated June 17, 2021, hole TB21-005A, the first wedge hole drilled from TB21-005, returned 6.23 grams per tonne gold over 13.3 metres, confirming Hardrock's robust F zone extends onto Tombill's flagship property.
  • The spacing between the F zone intercepts in holes TB21-005A and TB21-005E is 21 metres; these intercepts are situated approximately 250 metres west of the eastern property boundary with the neighbouring Hardrock mine.
  • The F zone remains open down plunge to the west and will soon be tested by hole TB21-006, a 150-metre stepout to the west of TB21-005.
  • Recent drilling has indicated an area of structural complexity exists between hole TB21-005 and the eastern property boundary, where Tombill has determined a series of north-south-trending faults and at least one postmineral dike have resulted in some lateral offsets to the zone.
  • The F zone intercept encountered in hole TB21-005A and TB21-005E intercepted the zone on its originally projected trend, beyond the identified area of structural complexity.
  • Tombill are encouraged by the number of other multiple subsidiary zones that the drilling has intersected both above and below the main F zone target. These subsidiary zones are relatively narrow where they have been intersected due to their different plunge orientation when compared with the F zone. It is anticipated that these zones will be the focus of additional work after the F zone has been more fully delineated.
  • Phase 1 drilling is continuing with two drills from Rodren Drilling.

Summary of phase 1 drill program since last exploration update

The phase 1 drill program on the Tombill Main Group is continuing. This program is focused on the western strike extension of neighbouring Hardrock project's robust F zone. The area immediately west of Tombill Main Group's eastern property boundary was shown to have some structural complexity with north-south-trending faulting and at least one postmineral dike. Tombill's geology team have now assembled enough drill hole data to accurately interpret this area of complexity, thus allowing for better targeting of the F zone moving forward.

Results since the company's press release of June 17, 2021:

  • TB21-005B was drilled to test the F zone 50 metres above the TB21-005A intercept. The drill hole intersected the F zone with 4.1 metres of 8.15 grams per tonne gold with multiple VG (visible gold) specks.
  • TB21-005C was wedged from TB21-005. The drill hole was abandoned due to excessive deviation from plan.
  • TB21-005D was wedged from TB21-005. The drill hole was abandoned due to excessive deviation from plan.
  • TB21-005E was wedged from TB21-005. The drill hole intersected F zone mineralization from 1,005 metres to 1,119 metres, with two significant assay intercepts being 2.0 metres at 6.08 grams per tonne gold in BIF (banded iron formation) and quartz veins and a second F zone intercept of 8.0 metres at 5.29 grams per tonne gold in greywacke with sulphides associated with quartz veins. A new zone was found north of the F zone. This mineralized zone, the F2 zone, had two very significant intervals with 2.0 metres at 13.88 grams per tonne gold and 3.0 metres at 9.17 grams per tonne gold. Both intervals were in greywacke with quartz and associated sulphides with VG.

Start of Tombill's shallow drill program

In tandem with Tombill's deep F zone drill campaign, the company is also undertaking aggressive surface exploration. A near-surface drill program started about two weeks ago on Tombill Main Group's Talmora target located in the northeast corner of the property in areas surrounding a past-producing Talmora gold mine. To date, two holes have been completed in the 300-metre-to-450-metre range, and a third hole is currently in progress. The target is a broad zone believed to have potential for disseminated mineralization.

Adam Horne, chief executive officer, commented: "I am happy to report we have embarked on our near-surface program at Talmora (a past-producing mine), plus we are seeing further confirmation of the high-grade F zone and the addition of the new F2 zone. In the early stages of this program, we naturally confronted volatility in the execution of our drilling program, and our team in Geraldton has made great positive strides to overcome these hurdles. We hope to continue to provide more regular updates as we proceed."

Quinton Hennigh, geologic director for strategic shareholder Crescat Capital, further added: "It is great to see Tombill advance both deep and shallow exploration on this underexplored gold project in what is proving to be one of the most prolific gold camps in Ontario. Recent drill results continue to support the thesis that the prolific F zone persists unabated onto Tombill's property. And as for shallow gold mineralization, it is logical that strong potential exists at Tombill given that adjoining properties host a number of such gold deposits. Talmora is the first of several shallow targets the company plans on testing over coming months. This story is just beginning."

Quality assurance/quality control

Assays were performed at Actlabs accredited lab in Geraldton, Ont. Tombill geologists insert blanks and standards into the sample stream at a rate of one per 25 samples. A chain of custody is maintained to the assay lab. At present, the true widths of the mineralized intercepts have not been calculated.

Qualified person

Dave Laudrum, PGeo, is the company's designated qualified person for this news release within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved its scientific and technical content.

About Tombill Mines Ltd.

Tombill owns various royalty-free mineral exploration and past-producing gold properties in the Geraldton and Beardmore camps in Ontario. The company's business is mineral exploration, primarily gold. It has 74 claims: 60 are owned and patented, five are leased, and nine are where it owns the mineral rights. Of these, the Tombill Main Group property comprises 58 claims: 54 owned patents and four owned mineral rights. The Tombill Main Group claims were originally staked in the first Geraldton gold rush in the 1930s by Tom Johnson and his brother Bill.

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