Troubadour Resources Inc.

Vancouver, British Columbia / TheNewswire / November 27, 2024 – Troubadour Resources Inc. (“TR” or the “Company”) (TSXV: TR) (OTCQB: TROUF) (WKN: TROUF), a North American mineral acquisition and exploration company, is pleased to announce that field data collection has been completed for an Induced Polarization (IP) survey at the Senneville Copper-Gold property (“Senneville” or the “Property”) in the eastern Val d’Or district.

The Property is prospective for both orogenic gold and polymetallic VMS-style mineralization and comprises 230 mineral claims located in the eastern part of the Abitibi Greenstone Belt, ~25 km northeast of the gold mining center of Val d’Or, Quebec. It covers over 12,000 ha of ground and is contiguous with Probe Gold’s Val d’Or East properties to the north and south, which host a combined resource of ~6.7 Moz gold measured and indicated and ~3.3 Moz gold inferred (Fig. 1) Probe News Release Sept. 5, 2024). *Readers are cautioned that the geology of nearby properties are not necessarily indicative of the geology of the Project.

Val d’Or based geophysical contractor Geophysique TMC (TMC) completed field data collection for the IP survey along planned lines (See November 15, 2024 News Release) in the vicinity of the historic Gustave-Cere gold showing (Fig. 1). TMC is currently preparing the 3D inversions that will help Troubadour identify chargeability and resistivity contrasts associated with mineralized veins. The Company intends to review the results of these inversions before finalizing the locations of drillholes for the upcoming maiden drill program (See October 15, 2024 News Release), for which field preparations have already begun.

The drilling will focus on the Property’s principal 11-kilometre trend of mineral occurrences that are spatially associated with the contacts of a prominent komatiite unit that trends through the Property, hereafter referred to as the “Senneville Komatiite”.


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Figure 1 – Bedrock geology and exploration targets of the Senneville Property. Geology after SIGEOM, 2024. *indicates deposits acquired by Probe Gold in 2024. 1: GM72145; 2: GM40618; 3: GM68366

The Gustave Cere gold showing comprises gold-bearing quartz-carbonate-tourmaline veins that bear many similarities to the gold-bearing veins of the neighbouring Novador deposits (Fig. 1). Historical grab samples have yielded up to 49.5 g/t Au, channel samples of up to 6.5 g/t Au over 1.8 metres and drilling has identified up to 18.15 g/t Au over 0.85 metre. This showing has been defined by drilling for approximately 361 metres along strike, but other areas of the project have not been systematically explored for gold as the focus of historical work was largely on the property’s volcanogenic massive sulphide potential.

Diamond drilling at the Gustav Cere showing suggests several parallel horizons of gold mineralization, with much of the strike length remaining open:

  1. Historic drilling in the 1980s targeted a horizon of gold-bearing quartz veins along the footwall of a komatiite unit and underneath the surface trench, where historic work reports grab samples up to 49.5 g/t Au (Fig. 2). 

  2. Recent drilling, in 2012 (SV-12-03; GM68366) and 2021(XR-21-01A; GM72154), intersected gold-bearing quartz veins along the hanging-wall contact of the same komatiite unit, where relatively minor drilling has been focussed. 

  3. A third horizon of gold mineralization is suggested by the presence of visible gold in 1981 drillhole SNF-3 (Fig. 2; “a few small pinpricks of visible gold”; GM37553) however assays are not reported for this interval. 


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Figure 2 – Extent of IP grid and summary of historic drill results within the detailed work area, around the historic surface Gustave-Cere Au showing; Noted drillholes are referred to in text.

Diamond drilling by the previous claim holder, Xander Resources, returned silver anomalies (up to 250 g/t Ag over 0.33 metres in drillhole SN2304, within a broader interval of 10.7 g/t Ag over 12.23 metres) within smokey blue-grey quartz-carbonate veining ~1.6 km along trend from the Gustav Cere showing (Fig. 2). The silver-bearing veins are situated at the hanging -all contact of the same komatiite unit that is associated with gold mineralization at the Gustav Cere gold showing. Primary lithological contacts are an excellent pathway for mineralizing fluids, presenting both structural and chemical contrasts to precipitate metals out of hydrothermal fluids. This contact has not been drilled over the 1.6 kilometre trend that connects the silver anomaly and the gold intercepts at the Gustav Cere showing and elevated abundances of silver are commonly associated with gold at the Gustav Cere gold showing. This set of veins is also along trend from Zn and Ag occurrences discovered in 2009 (GM64915), which are being followed up with the Company’s recently completed biogeochemical sampling grids (Fig. 1; November 20, 2024 News Release).

The locations of the drill holes to be included in the Company’s maiden drill program are not yet finalized, and the Company intends to await the geophysical inversions from the current IP survey before proceeding with the diamond drill program. Results from the recently completed surface geochemical sampling programs (November 20, 2024 News Release) will also be used to help refine drillhole targets.

The Company also announces that it has entered into an agreement with Departures Capital Inc. (“Departures”) pursuant to which Departures has agreed to provide digital marketing services to the Company including videos on YouTube and TikTok, and written articles, posts and email newsletters on CEOSDaily.com. Pursuant to the agreement with Departures, the Company has agreed to pay Departures US$10,500. The agreement is for an initial term of three months, commencing on December 1, 2024, and may be renewed by mutual agreement of the Company and Departures at that time. Departures is arm’s length to the Company and, to the knowledge of the Company, Departures and its principals do not have any present equity interest in the Company’s securities, directly or indirectly, or any right to acquire any equity interest. Departures’ business is located at #1500 – 409 Granville Street, Vancouver, BC, V6C 1T2, and Departures can be contacted at: [email protected] or 519-590-6985.

Qualified Person

James Macdonald, P. Geo., an independent Qualified Person as defined by the National Instrument 43-101, and member of the Engineers and Geoscientists of Manitoba, has reviewed and approved the technical contents of this news release.

About Troubadour Resources Inc.

Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on the development of quality critical mineral and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Troubadour trades on the TSX Venture Exchange under the symbol TR, the OTCPK Exchange under the symbol TROUF, and on the Frankfurt, Berlin and Tradegate Stock Exchanges under the symbol A3DBDE.

Troubadour’s flagship project is the Senneville Gold-Copper Project. Comprised of 230 mineral claims totalling over 130 km2, the Senneville Project is located within the prolific Val d’Or Mining Camp between Probe Gold’s McKenzie Break deposit (1,453,400 oz Au Inferred) to the north and the Probe’s Novador Development Project to the south (6,405,000 oz Au M&I and 1,550,200 oz Inferred).

Note: Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the Company’s properties.

TROUBADOUR RESOURCES INC.

Chris Huggins, CEO and Director

For more information, please call Chris Huggins at (604) 968-4844 or email [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

This news release may include “forward-looking information” under applicable Canadian securities legislation, including statements respecting: (i) the IP survey at the Property, including the scope, goals and timing thereof; (ii) prospective areas at the Property and areas of future focus for the Company; (iii) the Company’s planned biogeochemical sampling grids; (iv) the planned drill program at the Property, including the scope, goals and timing thereof and the anticipated location of drillholes;(v) anticipated production at Probe’s properties per their updated January 2024 PEA; (vi) the Company’s exploration methodology; and (vii) the drill program at the Senneville Project, including the scope, goals and timing thereof and the anticipated location of drillholes. Such forward-looking information reflects management’s current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

References:

  1. https://probegold.com/news/probe-gold-reports-significant-growth-in-val-dor-gold-resources-to-6728600-ounces-of-gold-measured-indicated-a-77-increase- and-3277100-ounces-of-gold-inferred-a-131-increase/ 

  2. San Rafael Resources Ltd. (1981) Diamond Drill Record; San Rafael Resources; Rapport Statutaire Soumis Au Gouvernement Du Québec; GM37553; 9 pages, 1 plan. 

  3. Achates Resources Inc. (1984) DIAMOND DRILL LOGS OF HOLES AHS 83-1 TO AHS 83-9, DRILL LOCATION MAP, MAP OF SHOWING AREA, SENNEVILLE TOWNSHIP GOLD PROJECT; Achates Resources Ltd.; Rapport Statutaire Soumis Au Gouvernement Du Québec; GM40618; 17 pages; 1 plan. 

  4. Beauregard, A-J., Gaudreault, D. (2014) 1012 FIELDWORK REPORT ON THE SENNEVILLE PROPERTY; Garden Island Mines Inc.; Rapport Statutaire Soumis Au Gouvernement Du Québec; GM68366; 193 pages, 6 plans. 

  5. Turcotte, D. (2021) FORAGES DE LA PROPRIETE SENNEVILLE DE XANDER RESOURCES MARS 2021; Xander Resources; Rapport Statutaire Soumis Au Gouvernement Du Québec; GM72145 112 pages. 

  6. Pelletier, P-A. (2024) 2023 Drilling Report on the Xander Property, Abitibi-Témiscamingue Region, Québec, Canada. Xander Resources; Rapport Statutaire Soumis Au Gouvernement Du Québec; not yet submitted. 

  7. Stephens, J. (2009) Winter Drilling Report And Proposed Exploration For 2009. Ressources Tsr Inc, Rapport Statutaire Soumis Au Gouvernement Du Québec; GM64915, 265 Pages, 4 Plans. 

  8. Kateri Mining Co. Ltd. (1960) Diamond Drill Record; Kateri Mining Co. Ltd.; Rapport Statutaire Soumis Au Gouvernement Du Québec; GM09827-A; 6 pages, 2 plan. 

  9. Pelletier, P-A. (2023) 2023 Geochemical MMI on the Xander Property, Abitibi-Témiscamingue Region, Québec, Canada. Xander Resources; Rapport Statutaire Soumis Au Gouvernement Du Québec; not yet submitted. 

  10. Pierre Pilote (2016) Géologie de la région de Val-d’Or-Val Senneville-Obaska; Cible Number 263105; Fiedmont Cu-Zn_1,-2. Retrieved from https://gq.mines.gouv.qc.ca/documents/SIGEOM/TOUTQC/ANG/SHP/SIGEOM_QC_Mineral_Potential_SHP.zip on Sept. 7, 2024. 

  11. New Beginning Resources (1981) Diamond Drill Record. New Beginnings Resources; Rapport Statutaire Soumis Au Gouvernement Du Québec; GM37685; 49 pages, 2 Plans. 

  12. Sullivan Mines Limited (1961) Diamond Drill Record; Sullivan Mines Limited; Rapport Statutaire Soumis Au Gouvernement Du Québec; GM12475, 8 pages,1 plan. 

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