Troilus Gold Corp (TSX:TLG, OTCQX:CHXMF) has reported positive assay results from the Connector Zone, a target located between the two previously mined Z87 and J4 open pits, at its gold-copper Troilus Project in north-central, Quebec, Canada.
The latest results further demonstrate high-grade mineral continuity extending on a north, north-west trend between the two formerly mined pits.
In a statement, Justin Reid, CEO of Troilus Gold, commented: “The latest drill results from this new and exciting target further demonstrate the continuity of mineralized high-grade structures between the two formerly mined open pits. Detailed structural work completed by the geology team has greatly contributed to the understanding and successful targeting of these high-grade trends."
"These shallow high-grade zones exist within and in close proximity to the PEA pit shells and we believe they could be brought into the mine plan to positively impact the strip ratio and project economics. In the coming months our team will continue to focus on maximizing opportunities for discovery and delineation of high-grade near-surface targets for inclusion in our upcoming Feasibility Study, expected in the second half of 2023," he added.
The results are part of an ongoing 5,000-metre drill program designed to target and expand on shallow high-grade mineralization intersected in this zone late last year.
Connector Zone Intercept Highlights:
Hole 87-449
- 2.07 grams per ton (g/t) gold equivalent (AuEq) over 11.2 metres (m), including 4.07 g/t AuEq over 5m
- This interval is located directly at surface; the hole collared into bedrock within this high-grade mineralized zone.
- 1.22 g/t AuEq over 10.0m, including 1.49 g/t AuEq over 6.2m
- 1.31 g/t AuEq over 6m
Hole 87-451
- 4.33 g/t AuEq over 29m, including 6.37 g/t AuEq over 18m
- 5.5 g/t AuEq over 6m
- 1.01 g/t AuEq over 49m, including 1.99 g/t AuEq over 10m
Conference attendence
In a separate statement, Troilus Gold also announced that it will be exhibiting and presenting at the upcoming Metals Investor Forum (MIF) taking place at the Fairmont Pacific Rim, 1038 Canada Place on January 27 and 28, 2023, and at the Vancouver Resource Investment Conference (VRIC) being held at the Vancouver Convention Centre West, 1055 Canada Place on January 29 and 30, 2023, in Vancouver, British Columbia.
The Troilus team invites interested parties to visit its booth at either of the conferences (VRIC booth #710). In addition to exhibiting, the CEO of Troilus, Justin Reid, will be providing, at both conferences, an update on the latest news and developments at its Troilus Project and expected milestones for 2023. At MiF there will be a panel discussion with Troilus on Friday, January 27 at 10.40am PST/ 1.40pm EST
For more information or to register for the hybrid in-person and virtual MIF conference, interested parties can visit https://metalsinvestorforum.com/. For more information or to register for VRIC, interested parties can visit https://cambridgehouse.com/vancouver-resource-investment-conference.
Troilus Gold is a Canadian-based junior mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. From 1996 to 2010, the Troilus Mine produced 2 million-plus ounces of gold and nearly 70,000 tonnes of copper.
Troilus’ claims cover 435 square kilometres in the top-rated mining jurisdiction of Quebec, Canada, within the Frotêt-Evans Greenstone Belt. Since acquiring the project in 2017, ongoing exploration success has demonstrated the tremendous scale potential of the gold system on the property with significant mineral resource growth.
The company is advancing engineering studies following the completion of a robust PEA in 2020, which demonstrated the potential for the Troilus project to become a top-ranked gold and copper-producing asset in Canada. Led by an experienced team with a track record of successful mine development, Troilus is positioned to become a cornerstone project in North America.
Contact the author at jon.hopkins@proactiveinvestors.com