- Trojan Gold (TGII) has issued an update on exploration work at its Watershed Property
- The company has started a magnetic survey on the property, which is located in the Shebandowan Greenstone Belt in Ontario
- Prior to Trojan’s recent exploration activity, the Watershed Property had been virtually unexplored for its gold potential
- The under-explored prospective sedimentary terrain has real likelihood to host gold mineralization
- The property is also potentially prospective for copper, nickel, zinc, cobalt and platinum group elements
- Trojan Gold is down 4 percent, trading at $0.24 at 11:40 a.m. EST
Trojan Gold (TGII) has issued an update on exploration work at its Watershed Property.
The Toronto-based prospect generator junior exploration company has started a magnetic survey on the property, which is located in the Shebandowan Greenstone Belt in Ontario.
The region hosts several past-producing metal mines including gold and nickel.
The Watershed Property straddles the contact between the Quetico metasediments and the felsic-mafic metavolcanic rocks.
Once the survey has been completed, a surface prospecting and geological mapping program will be implemented on the geophysical grid.
Trojan’s surface geological survey will assist in the selection of a trenching program to be followed by a drill program.
Prior to Trojan’s recent exploration activity, the Watershed Property had been virtually unexplored for its gold potential.
The under-explored prospective sedimentary terrain has a real likelihood to host gold mineralization as it has the potential to host the extension of the Larose property shear as shown on the latest airborne geophysics.
The property is also potentially prospective for copper, nickel, zinc, cobalt, platinum group elements as it hosts other east-northeast trending shear/fault zones that traverse the property.
Trojan holds a 100-percent interest in the 12,049 acre Watershed Property.
Trojan Gold is down 4 percent, trading at $0.24 at 11:40 a.m. EST.