Troilus Gold Corp (TSX:TLG, OTCQX:CHXMF) has reported additional assay results from Zone X22 at the gold-copper Troilus Project, located in northcentral Quebec, Canada, which continue to highlight the high-grade trends of this zone.
The reported results, which further demonstrate strong continuity between previously drilled holes, form part of a definition drill program targeting the high-grade NE-SW deformation corridor that characterizes Zone X22. An additional around 4,000 metres (m) focused on infill drilling are planned in order to meet the Indicated resource category spacing requirement.
All results reported lie entirely outside of the PEA pit shells, excluding hole X22-23-026, and are intended to be included in the upcoming mineral resource estimate and Feasibility Study.
Zone X22 Intercept Highlights:
- Hole X22-23-042 intersected a high-grade interval of 103.81 grams per ton (g/t) gold equivalent (AuEq) over 1m, as well as 1.09 g/t AuEq over 45m within a broader intersection of 0.83 g/t AuEq over 82m, extending mineralization down-dip by 100m with hole X22-23-069, which returned 0.73 g/t AuEq over 55m, including 5.35 AuEq over 1m. Mineralization remains open to expansion at depth.
- Hole X22-23-067 intersected 14.68 g/t AuEq over 7m, including 133.12 g/t AuEq over 0.7m.
- Hole X22-23-066 intersected 3.29 g/t AuEq over 11m, including 24.56 g/t AuEq over 1m and 3.10 g/t AuEq over 17m, including 7.26 g/t AuEq over 3m extending mineralization 50m down-dip from previously reported hole 87-22-446.
- Hole X22-23-044 returned 5.03 g/t AuEq over 3m, including 10.17 g/t AuEq over 1m extending mineralization 50m down-dip of hole X22-23-066 and remains open to expansion at depth.
- Hole X22-23-057 drilled 2.75 g/t AuEq over 2.4m at surface and 1.38 g/t AuEq over 12m, including 4.94 g/t AuEq over 1m confirming mineral continuity 100m down-dip from previously reported hole 87-22-410 and 50m up-dip from previously hole X22-23-023.
In a statement, Justin Reid, CEO of Troilus Gold, commented: “Drilling in Zone X22 continues to impress us, returning some of the highest grades and most continuous intercepts in Troilus’ history. We strongly believe that our drilling efforts at X22 will optimize an already strong project, with near-surface high grades that will enhance the mine’s strip ratio and positively impact the mine sequencing.
"Significant recent rainfall in Quebec has provided some relief to the forest fire situation in the Eeyou-Istchee James Bay region and operations at our site are slowly re-starting since receiving government approval to access our camp. We expect to ramp up and resume drilling and exploration activities in the coming week as we closely monitor the situation to ensure the safety of our staff and local communities.”
Troilus Gold is 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 is located in the top-rated mining jurisdiction of Quebec, Canada, where it holds a strategic land position of 1,420 square kilometres in the Frôtet-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.
Contact the author at jon.hopkins@proactiveinvestors.com