Announcement Date: 2022-11-08
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. 138m at 1.55g/t Au, 0.14% Cu, 2.35g/t Ag from 157m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: November 8, 2022, Montreal, Quebec – Troilus Gold Corp. (“Troilus” orthe “Company”, TSX: TLG; OTCQX: CHXMF) reports positive results from the Z87 zone at its Troilus Project in northcentral, Quebec, Canada. The results are part of a recently completed 11,000-metre drill program designed to expand mineralization to the north and south of Z87 pit, the largest of the two formerly mined open pits, which continues to show the most continuous and highest-grade resources at Troilus. The results reported herein confirm a high-grade zone of mineralization connecting the gap between the formerly mined Z87 and J open pits (“Connector Zone”), and exhibit potential for significant growth of indicated and inferred resources well above the average grade of the Troilus deposit. (see Figures 1 and 2). Highlights are reported below, with results presented in Table 1. The “Connector Zone” drill hole 87-422 intercepted J Zone mineralization at less than 200m vertical depth on an interpreted structural trend between J Zone and Z87. Drill hole 87-422 also intercepted Z87 mineralization at depth, which was previously modelled as Inferred Mineral Resources, and promotes the expansion of resources outside
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