And we see that all throughout our Newman Todd and Rivard property, but that doesn’t last forever. But in my opinion, this is more of a reflection of the recognition that Evolution is going to have to start mining lower grade gold to maintain their production profile.Īnd if you recall, Red Lake is notoriously famous for 15 to 20 gram per ton material. One is Battle North had a lot of tax losses, which from a tax perspective is always beneficial. You never ever get a chance to really spend an hour with a CEO where they tell you exactly what was running through their minds. So while the share prices aren’t doing that well, the reality is that the bull stealth market, if I can call it, that is well underway.Īnd what you’re seeing with Battle North being acquired by Evolution. The assay labs are backed up well over a month behind. Red Lake is extremely busy and extremely bid. It’s reflected in difficulty in finding space for core shacks. It’s reflected in majors acquiring juniors. This is the most stealth gold bull market I’ve ever seen. Russell Starr: Look, it’s funny and I try to explain this to people. So what does this mean for you as the second largest property holder there in the Red Lake District? I thought of you recently when I was going over the mining headlines as Evolution Mining, the biggest landholder there in Red Lake where you are bought out Battle North Gold for over 50% premium over the 20-day volume-weighted average. And to find more information, you can go to and I’ll also put a link in the show notes or above my head on YouTube if you want to listen to my introductory interview, which I did with Russell a couple months ago. So Russell, welcome back onto the program. He’s the President, CEO and Director of Trillium Gold, one of our sponsors. And in today’s episode, we’re going to be getting an update from Russell Starr. High-Grade Gold in a Premier Mining District with Trillium Gold Mine’s CEO Russell StarrĠ:37 Significance of Evolution Mining’s acquisition of Battle North Gold Corp.ĥ:25 Gold Centre drill program is a “lottery card swing”ĩ:02 Newman Todd drill results and next stepsġ4:30 Still pursuing acquiring a small gold producer?ġ6:26 Treasury & massive amount of drill results comingīill Powers: Thanks for tuning into Mining Stock Education. Trillium’s market cap is under C$60 currently. CEO Russell Starr believes a suitable comparable to the Gold Centre project is Gold Eagle Mines which sold for C$1.5B to Goldcorp over a decade ago. If successful this would immediately add tremendous value and the project would become the envy of Evolution Mining. The upcoming Gold Centre drill program seeks to show that the Red Lake Mine’s gold mineralization continues onto Trillium’s property. This close-ology play is just 300 metres from Evolution Mining’s Campbell-Red Lake Mine, which has produced 23.8M oz of gold at greater than 16 g/t. Trillium Gold is also targeting a 2,000-metre “lottery card” drill program at its 80% owned Gold Centre project. The drill program is fully funded as Trillium has over C$6M in the bank currently. The company will also have 3 drill rigs turning on its projects for a total of 34,000m of drilling this year. He says there is a massive amount of assays pending from completed drilling. Red Lake district gold explorer Trillium Gold Mines (TSX.V:TGM - OTCQX:TGLDF) will see major newsflow over the next several months shares CEO Russell Starr.
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