Troilus Gold Corp (TSX:TLG, OTCQX:CHXMF) reported impressive assay results showing the continuity and strong grade profile of the newly discovered X22 Zone at its Troilus project in the Frôtet-Evans Greenstone Belt, in Quebec, Canada.
The Montreal-based junior mining company said the results form part of an ongoing 6,500-metre (m) drill campaign designed to define and expand the new zone of mineralization discovered in late 2022.
It originates in the western wall of the formerly mined Z87 pit and now extends for one kilometer (km) south-west into the Gap Zone. The company has completed 6,000m of the planned 6,500m drill program, with over 4,000m of assays pending.
The company said that based on the “excellent results” to date, an additional “1,300m of drilling is planned” to continue delineating the expanding zone.
Extends strike length
Troilus said the results have extended mineralization at X22 by an additional 150m to the southwest, for a total strike length of 1km, and remains open to the southwest and at depth. The footprint of X22 has grown significantly, with drilling demonstrating much higher than average grade, over significant widths. All the results lie outside the PEA pit shells and will be included in the upcoming feasibility study, said the firm.
Troilus noted the following Zone X22 drill intercept highlights:
- Hole X22-23-027 confirmed mineral continuity to the south-west by an additional 150m with one of the best intervals drilled at X22 to date which includes 34m at 2.72 grams per ton (g/t) gold equivalent (AuEq), including 6m at 10.83 g/t AuEq, and 2m at 26.83 g/t AuEq;
- Hole X22-23-024 intersected 34.5m at 1.49 g/t AuEq, including 19.5m at 1.66 g/t AuEq and 4.5m at 2.55 g/t AuEq, 150m beyond the PEA pit shell;
- Hole X22-23-014 intercepted 12m at 1.37 g/t AuEq, within a broader intersection of 42m at 0.72 g/t AuEq, extending down dip mineralization by 50m beyond previously reported hole X22-22-002 which intersected 2.42 g/t AuEq over 9m within a broader intersection of 50m at 0.77 g/t AuEq.
In a statement, Troilus Gold CEO Justin Reid said: “These results continue to demonstrate the continuity and strong grade profile of the newly discovered X22 Zone. Its proximity to surface and to the Z87 pit shell make X22 an ideal target in the early years of mine development, with strong potential to positively impact the grade profile.”
Reid noted that the team has been “very successful” in modelling and understanding the controls of mineralization at X22 and through targeted drilling has delineated a “continuous gold zone covering a 1 km strike length, which remains open to the south-west and at depth.”
“We look forward to the continued influx of assays from across X22 in the coming weeks to understand how they can positively impact our upcoming feasibility study,” Reid added.
Zone X22 is hosted within a D2 structural corridor that overprints a tonalitic body within the Troilus intrusion. Where D1 structures intersect this corridor, endowment of higher grades can occur, noted the company. The understanding will drive the optimization of subsequent drill campaigns to target higher grades.
Investors can see Zone X22 drill results in table form here.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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