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Troilus Gold Corp.
Summary
| Project: | Troilus | |
|---|---|---|
| Deposit: | J4 | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 11/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 14-11-2018: Troilus Gold Corp. announces an Exploration/Drilling Update report for its J4 deposit at the Troilus project. Drilling results incl. 19m @ 3.47g/t Au, 0.06% Cu from 300m. TROILUS GOLD CORP. INTERSECTS 3.56 G/T AUEQ OVER 19 METRES BELOW J4 OPEN | |
| Resources: | (Resource): 29.6Mt @ 1.72g/t AuEq (Ind.), 12.6Mt @ 1.33g/t AuEq (Inf.) | |
| CP/QP: | [Overall Report]: Bruno Perron (Internal) | |
| ABSTRACT: | TROILUS GOLD CORP. INTERSECTS 3.56 G/T AUEQ OVER 19 METRES BELOW J4 OPEN PIT AT TROILUS GOLD PROPERTY, QUEBEC November 14, 2018, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to provide further drilling results from its 100% owned Troilus gold and copper property located Northeast of the Val-d’Or district in Quebec, Canada (the “Troilus Project”). A 36,000 metre drill program was designed to confirm and expand existing estimated mineral resources from the past-producing Troilus mine, as well as to explore the down dip and strike extension of known mineralization. Thirty-three (33) holes, totaling approximately 9,000 metres of drilling were designed to test the down dip continuity and strike extension of mineralization at J4 Zone (Fig 1). The program was also designed to add drill hole information where historic data was limited and/or incomplete. The J4 Zone was the smaller of the two main open pits developed at Troilus during operation. At its deepest, the J4 pit only reached 156 metres in total depth, compared to Z87 which reached a depth of over 350 metres. Drilling from these holes has tested a depth of only 230 metres and has shown sustained strength of mineralization at depth while remaining open down-dip. The sixteen (16) holes contained in this press release, represent the drilling completed on the Southern half of the J4 Zone open pit target area; located directly South of the J4 Zone Northern half drilling (see Company’s press release dated November 7 th , 2018) (Fig 2). All 16 holes intersected gold mineralization and show mineralization continuity at depth, creating growth potential beyond the limits of what was previously estimated (Fig 3). The Southern half of the J4 Zone is showing strong width, similar to that seen in the main zone of Z87. Foliation is creating separate discrete zones of gold-bearing material, that when combined across the targeted geologic unit (foliated diorite), can exceed 40-60 metres of mineralized widths in core (Fig 4). Drill hole data combined with recent mapping has shown geologic continuity between J4 & J5. Both zones are in fact the same geologically, offset structurally by a pervasive fold regime visible across the entire Troilus property. This new structural thinking suggests J4 and J5 are the same unit often referred to as the “J Zone”. | |
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