LAKE REBECCA PROJECT DRILLING SHOWS POTENTIAL FOR INCREASED RESOURCES
Trident Royalties Plc (AIM:TRR, FSX:5KV), the growth-focused mining royalty and streaming company, is pleased to provide a technical update for the Lake Rebecca Gold Royalty (the “Royalty”) over tenement E28/1610 which hosts the entirety of the million-ounce Lake Rebecca Gold Project (“LakeRebecca” or the “Project”), currently owned and operated by ASX-listed Apollo Consolidated (“Apollo”) in Western Australia.
Since the completion of the Royalty acquisition (announced 29 October 2020) Apollo has released technical and drilling updates for the Project including the constituent Rebecca, Duchess, Duke and Cleo deposits (all of which are covered by the Royalty). Project highlights are summarised below.
Adam Davidson, Chief Executive Officer and Executive Director of Trident commented:
“We are delighted by the exploration progress Apollo has made at the 1Moz Lake Rebecca Gold Project, over which Trident holds a 1.5% Net Smelter Royalty.
“Since completing the royalty acquisition on 29 October 2020, Apollo has announced some very encouraging infill and exploratory drilling results which bode well for significant upgrades in the expected Q2 2021 Mineral Resource Estimate update, and which serve to further de-risk future technical studies on the project as Apollo seeks to fast track the project into mine construction.
“It is also encouraging to note that the royalty area shows prospectivity for the definition of further Resources as highlighted by developments at the emerging Cleo deposit. We look forward to following developments at the project as drilling continues and technical studies commence.”
If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.
Terms of Website Use
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned