Troilus Gold Corp (TSX:TLG, OTCQX:CHXMF) reported promising assay results from Zone X22 at its Troilus project in Quebec where it holds a land position of 435 square kilometers within the Frôtet-Evans Greenstone Belt.
In late 2022, the Montreal-based junior mining company discovered X22, a high-grade gold zone that extends from the formerly mined Z87 pit towards the Gap Zone.
The company’s results form part of a completed 7,800-metre drill campaign designed to define and expand mineralization in this new target in order to include it in a Feasibility Study expected later this year.
According to Troilus, the latest group of results drilled in the southwestern most sections of X22 demonstrate further mineral continuity of “high-grade structures over large thicknesses,” which remain open to expansion on trend and at depth. All results reported lie entirely outside of the pit shells proposed in the 2020 preliminary economic assessment (PEA).
Defining and growing X22
“Our geological team has done excellent work defining and growing X22. We are rapidly delineating high-grade structures at X22, which is very exciting considering the close proximity to our other mineral zones and the impact this could have on our future mine plan,” said Troilus Gold CEO Justin Reid.
“This first phase of drilling at X22 has been exceptionally successful and we will continue to define and expand this high-grade ore body with 2 drills in the coming month,” he added.
Troilus reported that Zone X22 drilling intercepted 1.30 grams per ton (g/t) gold equivalent (AuEq) over 59 meters (m) including 2.38 g/t AuEq over 9m, 1.94 g/t AuEq over 7m, 2.40 g/t AuEq over 8m and 3.04 g/t AuEq over 3m in hole X22-23-038, confirming mineral continuity 100m down-dip of previously reported hole X22-23-027 which intersected 2.72 g/t AuEq over 34m including 10.83 g/t AuEq over 6m.
Meanwhile, the company also intercepted 8.63 g/t AuEq over 4m including 25.11 g/t over 1m, and 0.61 g/t AuEq over 41m, in hole X22-23-032, with mineralization starting directly at surface.
In other highlights, Troilus said Hole X22-23-031 drilled 3.29 g/t AuEq over 6m within a broader intersection of 1.73 g/t AuEq over 21m, confirming a 100-metre extension of mineralization down-dip from hole X22-23-032, which remains open to expansion at depth.
Undoubtedly, results from X22 have continued to exemplify high-grade mineralization near surface over significant widths along its roughly 1 kilometer strike length, open to expansion. The results highlight the southernmost section of the X22 mineralized trend and its high-grade structures which have rapidly delineated the zone and demonstrated mineral continuity between previously drilled and reported holes.
Troilus is now waiting for around 1,500m of assays from the completed 7,800-metre drill program.
The junior miner said that additional drilling will continue with two rigs to further infill and expand the growing body of mineralization.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive