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Troilus Gold Corp.
Summary
| Project: | Troilus | |
|---|---|---|
| Deposit: | J Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 7-5-2019: Troilus Gold Corp. announces an Exploration/Drilling Update report for its J Zone deposit at the Troilus project. Drilling results incl. 136m @ 0.991g/t Au, 0.069% Cu from 241m. The 2019 drilling program has been designed, in part, to extend the | |
| Resources: | (Resource): 121.7Mt @ 0.87g/t Au, 0.086% Cu (Ind.), 36.1Mt @ 0.88g/t Au, 0.083% Cu (Inf.) | |
| CP/QP: | [Overall Report]: Bertrand Brassard (Internal) | |
| ABSTRACT: | The 2019 drilling program has been designed, in part, to extend the near surface mineralization down dip in the J Zone, specifically below the J4 open pit. The new intercepts in this zone are successfully showing a clear continuation of the typical gold bearing lithology that defined the 2018 open pit resource estimate (see Figures 1 and 2). Furthermore, results are showing a potential thickening of mineralization in the lower levels of the 2018 whittle constraining shell. Drill hole TLG-ZJ419-094 intersected over 130 metres of strong mineralization less than 300 metres from surface. Justin Reid, CEO of Troilus Gold Corp., commented, “We are very encouraged by the 2019 exploration results to date, which demonstrate a consistent and improving body of mineralization in the J Zone as we step down dip with drilling. The Troilus property is impressing us with a great deal more gold than was previously modelled.” Results are demonstrating a continuity of mineralized grade and thickness within the 2018 open pit whittle constraining shell in the J Zone, providing drilling resolution to areas that were previously undrilled. The Company believes that this new data, along with the thickening of mineralization observed down dip and the definition of a new footwall zone (see press release dated March 26, 2019), will potentially improve the overall gold grade, and add significant near surface mineral resources to future estimations. | |
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