For thousands of other reports visit RSC's Mineral Intellingence Map
Troilus Gold Corp.
Summary
| Project: | Troilus | |
|---|---|---|
| Deposit: | J4 | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 11/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 7-11-2018: Troilus Gold Corp. announces an Exploration/Drilling Update report for its J4 deposit at the Troilus project. Drilling results incl. 31m @ 1.43g/t Au, 0.1% Cu from 199m. November 7, 2018, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG) (OTCQB: | |
| Resources: | (Resource): 29.6Mt @ 1.72g/t AuEq (Ind.), 12.6Mt @ 1.33g/t AuEq (Inf.) | |
| CP/QP: | [Overall Report]: Bruno Perron (Internal) | |
| ABSTRACT: | November 7, 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 mineral resources from the historically producing Troilus mine, as well as to explore the down dip and strike extension of historic 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 3). 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 Zone 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 showed sustained strength of mineralization to depth while remaining open down-dip. The seventeen (17) holes contained in this press release, represent the drilling completed on the Northern half of the J4 Zone open pit target area; located directly South of the J5 Zone drilling shown in previous release (see Company’s press release dated September 20, 2018, Drill hole Table) (Fig 1). All 17 holes intersected gold mineralization and show i) near surface potential at J4 Zone, which may represent the opportunity for open pit scenarios at Troilus, and ii) mineralization continuity at depth, creating growth potential beyond the limits of what was previously estimated (Fig 2). “We are very excited to see these near surface results” said Justin Reid, CEO of Troilus Gold Corp. “J4 and J5 (collectively the J Zones) are creating new opportunities for Troilus as we consider not only the potential for open-pits but also for the generation of future exploration targets.” The 2018 drilling program has completed at the Troilus Project. Ninety-one (91) diamond drill holes were completed for a total of over 36,000 metres of drilling and over 26,800 samples. An updated mineral resource is currently underway and is planned to be released before the end of 2018. Regional exploration has now been completed, with samples and mapping expected to form the basis of the 2019 Drill Program, which has been established in conjunction with drilling results and the resultant resource update. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report