Announcement Date: 2022-10-17
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Troilus Gold Corp.
Project name: Troilus
Location: Canada
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 46m at 4.3g/t Au, 0.06% Cu, 0.44g/t Ag from 347m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: October 17, 2022, Montreal, Quebec – Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF) reports positive assay results from the ongoing 11,000-metre drill campaign at its Troilus Project in northcentral, Quebec, Canada, that aims to expand and identify higher-grade mineralization to the northern and southern extents of Zone 87 (“Z87”), the larger of two formerly mined pits. The results reported today are among the thickest and most continuous high grades identified at the Project and includes the single highest-grade interval ever drilled at the Troilus Mine site. Furthermore, a new shallow and high-grade panel of mineralization has been defined at the border of the Z87 PEA pit shell, which was not modelled in the Preliminary Economic Assessment (“PEA”; see PEA results press release dated August 31, 2020) nor considered as part of the pre-feasibility engineering work. This new panel West of Z87 has thus far been identified over a 300-metre strike length and remains open at depth and towards the Gap Zone. Highlights are reported below, while the complete results are presented in Table 1, and drill hole locations are shown in Figures 1 and 2. As a result of Troilus’ belief in the immediate impact of this new zone on the economics of the deposit, and after careful consideration, the Company will aggressively work on defining the impact of this shallow
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