Renegade Gold Stock Price, News & Analysis

Trillium Gold Mines has announced the approval of all resolutions at its annual general meeting on December 20, 2022. Shareholders re-elected Directors Luke Norman, Russell Starr, David Velisek, and Krisztian Toth. Additionally, an ordinary resolution for a new long-term incentive plan (LTIP) was approved to replace the current compensation plan, allowing for a maximum of 10% of common shares for option awards and 5% for non-option awards. The LTIP awaits final approval from the TSX Venture Exchange.

Trillium Gold Mines (OTCQX:TGLDF) provided an update on its 2022 exploration at the Gold Centre project in Red Lake, Ontario. The project covers 253 hectares near Evolution Mining’s operations, known for high-grade gold. A total of 4,950 metres were drilled in five holes, confirming the presence of key Balmer host rocks and high-grade gold potential at depths up to 2,000 metres. The exploration results indicate strong geological continuity with the Red Lake Mine, enhancing the property’s value.

Trillium Gold Mines has engaged Swiss Resource Capital AG for investor relations targeting European investors. The agreement includes a monthly fee of €2,500 for six months and grants SRC 50,000 options at $0.20 each for five years, pending TSXV approval. This collaboration aims to enhance visibility and attract investment, capitalizing on Trillium's extensive land assets in the Red Lake Mining District.

Trillium Gold Mines reported promising results from its 2022 summer exploration at the Newman Todd Complex near Red Lake, Ontario. A total of 7,665 metres were drilled in 17 holes, revealing significant gold mineralization, particularly at depths previously unexplored. Key intersections included 8.75 g/t Au over 20.4 metres and 40.56 g/t Au over 4.18 metres. The geological team's new analysis suggests that high-grade zones extend southeast, expanding potential drilling targets. The results may enhance the open-pit mining scenario, positively impacting the company's future prospects.

Trillium Gold Mines (TGLDF) has issued 473,934 common shares to Benton Resources for a cash payment of Cdn $100,000, acquiring a 70% interest in the Panama Lake Property. This acquisition increases Trillium's land holdings along the Confederation Belt to over 58,400 hectares, positioning the company favorably within the Red Lake mining district, near Kinross Gold's LP Fault Zone. The share issuance price was $0.211, based on the 10-day volume-weighted average. The issued securities are subject to a four-month hold period.

Trillium Gold Mines intends to issue 473,934 common shares to Benton Resources Inc. as a payment of Cdn $100,000 under the Option Agreement for acquiring a 70% interest in the Panama Lake Property. The shares, priced at $0.211 each, are subject to TSX Venture Exchange approval and a four-month hold period. This acquisition expands Trillium Gold’s land package in the Red Lake mining district to over 58,400 hectares, enhancing its position in a region known for significant gold deposits.

Trillium Gold Mines (OTCQX:TGLDF) announced promising drill results from the Newman Todd Complex in Red Lake, Ontario. Notable intersections include 40.56 g/t Au over 4.18 metres and 8.75 g/t Au over 20.4 metres, with records showing up to 549.0 g/t Au over 0.3 metres. These results expand the known mineralization depth to nearly 600 metres and indicate significant high-grade potential. The company aims to leverage these findings to enhance its resource estimates in this historically under-drilled area.

Trillium Gold Mines Inc. (OTCQX:TGLDF) announced Mr. Luke Norman as the Executive Chair of its Board of Directors, effective immediately. Norman brings extensive experience in the precious metals sector, having co-founded successful ventures like Gold Standard Ventures. He has been a significant investor in Trillium Gold since 2020. Russell Starr remains as President and CEO after stepping down from his Interim Chair position. This management change aims to leverage Norman’s industry reputation to enhance shareholder value as the company continues its exploration efforts in the Red Lake Mining District.

Trillium Gold Mines (TGLDF) has provided an update on its exploration activities in Red Lake, Ontario, highlighting the need to suspend drilling at the Newman Todd and Gold Centre projects due to delays in assay results. The company continues to focus on the Confederation belt projects while awaiting assay outcomes. The Newman Todd Complex has seen 17 drillholes yielding over 2,100 pending assays, and the Gold Centre property has drilled 4,950 metres in five holes with more than 450 assays pending. Trillium has expanded its land position to 60,080 hectares, positioning itself in a promising mining region.