Troilus Gold Corp (TSX:TLG, OTCQX:CHXMF) has said assay results from Zone X22 at its Troilus Project in northcentral Quebec demonstrate mineral continuity within previously discovered high-grade zones.
“We are very pleased to see the continued positive results from X22, demonstrating a consistent pattern of significantly higher-grade zones across the entire strike length. Our understanding of this new deposit and its impact on the upcoming Feasibility Study is improving and we look forward to reporting the remaining results from this initial drill program in the coming weeks,” Justin Reid, CEO of Troilus Gold, said in a statement.
The results form part of a completed 7,800-metre drill campaign focused on defining and expanding the X22 body of mineralization, the company said, noting that while the initial delineation drill program at X22 is complete, over 2,300 metres of assays are pending.
“X22 has consistently returned above average grades across the NE-SW mineralized deformation corridor,” the company said.
Troilus Gold noted that with the exception of a few shallow intercepts in hole X22-23-006, all the results reported so far are entirely outside of the Preliminary Economic Assessment (PEA) pit shells and are expected to be included in the upcoming Feasibility Study.
Zone X22 Drill Highlights:
- 130.83 grams per ton (g/t) gold equivalents (AuEq) over 1 metre within a broader intersection of 19.88 g/t AuEq over 7m, as well as 11.62 g/t AuEq over 1m and 5.16 g/t AuEq over 1m, 50m from surface in hole X22-23-030, intersecting up-dip mineralization by 100 metres from previously reported hole X22-23-027, which intersected 2.72 g/t AuEq over 34m, incl. 10.83 g/t AuEq over 6m and 4.14 g/t AuEq over 3m
- Hole X22-23-015 confirmed 50m of up-dip mineralization with at-surface intersections of 1.44 g/t AuEq over 4m (33- 37m downhole) and 1.01 g/t AuEq over 24m within a broader intersection of 0.75 g/t AuEq over 46m, demonstrating mineral continuity from previously reported hole X22-22-002 which intersected 0.77 g/t AuEq over 50m, incl. 2.42 g/t AuEq over 9m
- Hole X22-23-006 was extended to Z87 at depth and intersected 2.05 g/t AuEq over 20.55m, below the PEA pit shell, and also drilled 3.33 g/t AuEq over 6.55m, defining a previously unmodelled hanging wall zone that lies just below the PEA pit shell.
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. It 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.
Contact the author at jon.hopkins@proactiveinvestors.com