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Troubadour Resources Inc
Symbol TR
Shares Issued 28,742,835
Close 2021-02-24 C$ 0.085
Recent Sedar Documents

Troubadour samples greater than 100 g/t Au, Ag at Texas

2021-02-25 13:21 ET - News Release

Mr. Geoff Schellenberg reports

TROUBADOUR REPORTS BONANZA-GRADE GOLD RESULTS FROM PHASE 1 ROCK SAMPLING AT THE TEXAS PROJECT

Troubadour Resources Inc. has released rock sampling results from the phase 1 exploration program completed on its 2,186-hectare Texas property located in the Greenwood mining division of Southern British Columbia.

Program highlights

  • Two grab samples* from the Doorn returned greater than 100 grams per tonne gold and 100 g/t silver; overlimit assay results are pending;
  • Four chip and grab samples* that returned between 10.20 g/t and 44.10 g/t gold in addition to the two Doorn overlimit gold samples have been resubmitted for metallic screening analysis due to elevated gold;
  • A 0.25-metre chip sample across a vein outside the Cabin adit returned 18.95 g/t gold;
  • Rediscovery of the Gold Bug workings two km southwest of the Doorn was confirmed by a one-metre chip sample that returned 8.19 g/t gold;
  • One grab sample* from the Laurion showing 1.8 km to the south of the Doorn returned greater than 100 g/t silver; overlimit analysis result is pending; and
  • Rock sample results confirm the significance of the newly discovered north-south control structure that extends for more than one km between the Doorn and Cabin showings.

*Grab samples are by definition selective. Grab samples are solely designed to show the presence or absence of mineralization, and are not intended to provide nor should be construed as a representative indication of grade or mineralization at the project.

"The results from our phase 1 program have greatly enhanced our understanding of the gold mineralization at the Texas project. Limited previous exploration work assumed an east-west control of the gold mineralization that resulted in the primary targets being missed. Our new interpretation greatly increases the prospectivity and indicates that the Doorn and Cabin targets may be related," states Geoff Schellenberg, company president.

Troubadour geologists now have a much better understanding of the mineralization controls and the potential source of the Bonanza-grade, overlimit (greater than 100 g/t gold) grab samples around the Doorn target, which will be the primary target of the inaugural drill program planned for this spring. The exceptional gold grades seen at the Doorn and Cabin support the concept of a newly identified north-south mineralization control structure connecting the Doorn and Cabin showings that extends for over one km. High-grade mineralization was also encountered at the Cabin, evidenced by a 0.25-metre chip sample across a vein on the exterior wall of the Cabin adit that returned 18.95 g/t gold. This vein exposure is 75 m south from a soil sample taken during the 2020 field program that returned 2.1 g/t gold, clearly indicating mineralization is open along strike to the north. The area to the north of the Cabin will be a priority for future exploration programs.

Additionally, the phase 1 field program resulted in the rediscovery of the Gold Bug showing located two km southwest of the Doorn target. A one-metre chip sample across an exposed quartz vein returned 8.19 g/t gold over a one-metre width. The strong gold results over a respectable width at the Gold Bug opens up a new priority target to be followed up on during the next field program.

A total of 39 rock samples were taken during the program and included grab and representative composite chip samples. Troubadour geologists elected to resubmit rock samples grading greater than 10 g/t gold for metallic screen analysis, resulting in a total of six samples undergoing this analytical procedure. The metallic screen results for these samples will be reported when received and will include results for the two Doorn grab samples that returned greater than 100 g/t gold in initial analysis.

The most notable grab sample assay results from the 2020 phase 1 exploration program are listed in the attached table.

*Au by fire assay and multielement by true aqua regia and ICP-ES.

^Overlimit results are pending and/or sample has been resubmitted for metallic screen analysis for highlighted values.

Rock samples were collected by Coast Mountain Geological Ltd. of Vancouver, B.C., and submitted directly to MSA Labs, an ISO 170251 and ISO 9001 accredited analytical laboratory, in Langley, B.C.

All rock samples were prepared using MSA Labs PREP-915 which includes drying, crushing with 70 per cent passing two millimetres. A 500-gram subsample of the coarse crush is further pulverized with 85 per cent passing 75 microns. Gold results were conducted by an ore grade fire assay with an AAS finish (FAS-211). The 35-element analysis was done with a true aqua regia digestion and ICP-AES (ICP-130).

Patrick McLaughlin, PGeo, a qualified person as defined by National Instrument 43-101, supervised all technical aspects of the work programs performed at the project, has verified the exploration data disclosed, including sampling, analytical and test data contained in the written disclosure, and has reviewed and approved the contents of this news release.

About Troubadour Resources Inc.

Troubadour Resources is a public Canadian mining exploration company focused on copper and gold in British Columbia, Canada. The company is managed by an experienced team consisting of youthful and seasoned professionals with proven records as mine finders. The newly acquired Texas gold property diversifies the company's commodity focus and complements Troubadour's Amarillo copper project located 10 km south of the past-producing Brenda mine in Southern British Columbia and 35 km east of Kodiak Copper's MPD discovery.

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