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Troilus Gold Corp.

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Summary

Project:

Troilus

Deposit:J Zone
Location:Canada
Commodities:Gold-Copper
Date:8/8/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Mine in Care & Maintenance
Report details:8-8-2019: Troilus Gold Corp. announces an Exploration/Drilling Update report for its J Zone deposit at the Troilus project. Drilling results incl. 20m @ 4.38g/t Au, 0.02% Cu from 375m. August 8, 2019, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Bertrand Brassard (Internal)
ABSTRACT:August 8, 2019, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the “Company”) reports drill results from the J Zone at its Troilus Gold Project, located within the FrotêtEvans Greenstone Belt in Quebec, Canada. Justin Reid, CEO of Troilus, commented, “We are very excited by these results that continue to prove the quality and significant exploration upside of our deposit. Intersections with grades and widths that are in line with our November 2018 mineral resource estimate are consistently extending mineralization well beyond the previously known limits, which we believe could have a meaningful impact on the mineral resource update planned later this year. We are concluding our initial 2019 drill program and look forward to issuing additional results from our primary target areas in short order.” The new results have significantly extended the boundaries of known mineralization to the north east and south west in the J4 Zone, well beyond the formerly mined J4 pit. Highlights include holes TLGZJ419-158 and TLG-ZJ419-159, located in the north east extremity of the former J4 pit which extended mineralization down dip approximately 225 metres and vertically approximately 200 metres beyond what was previously defined (See Figure 3), and hole TLG-ZJ419-110 drilled in the south west edge of the J4 pit (See Figure 1), which outlined extensions of mineralization 400 metres below the pit. Furthermore, the shallower intercepts from holes ZJ419-158 and TLG-ZJ419-159 are believed to be mineral extensions from the neighbouring J5 mineral zone, suggesting that the J4 and J5 zones may prove to be one and the same with additional drill density (See Figure 3). All mineral intersections along hole TLG-ZJ419-159 remain open and undrilled further at depth.

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