Management of Trojan Gold Inc. (“TGI”) is pleased to announce that it has acquired a 100% interest in a 3,888 hectare (approximately 9,720 acre) property called the” Watershed” property, situated approximately 110 kilometres west of the city of Thunder Bay in northwestern Ontario, in the Shebandowan Gold Camp (SGC).
The Watershed is adjacent to the Larose Property, owned by Tashota Resources Inc. (TRI). The Larose property has been the subject of successful prospecting and trenching by Freewest Resources in the early 2000’s, wherein Freewest discovered several new high-grade gold occurrences associated with the LSZ over a minimum 4 kilometre strike length. The discoveries by Freewest include (from southwest to northeast), J&R (up to 79.2 g/t Au), Larose (up to 64.9 g/t Au), P1 (up to 371.9 g/t Au), Snoopy (up to 10.2 g/t Au), Porphyry (up to 3.9 g/t Au), Northwest View (up to 62.9 g/t Au), Snake (up to 6.9 g/t Au), Sweetspot (up to 13.4 g/t Au), Button (up to 8.0 g/t Au), Pecker (up to 6.8 g/t Au, and the T trench (up to 152.0 g/t Au).
Freewest subsequently was acquired by Cliffs Resources and resources were redirected to the Ring of Fire properties in Northern Ontario, allowing the acquisition by TRI.
TGI management is pleased to have acquired a large land position adjacent to the Larose property and anticipates that further work on the Larose by TRI will benefit the Watershed property and add value based on further results in the immediate area. Management of TGI has reason to believe that the LSZ extends to the north-east of the TRI property, based on previous work outlined by an airborne T-DEM survey conducted by TRI on Larose.