For thousands of other reports visit RSC's Mineral Intellingence Map
Troilus Gold Corp.
Summary
| Project: | Troilus | |
|---|---|---|
| Deposit: | Southwest | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 1/28/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 28-1-2020: Troilus Gold Corp. announces an Exploration/Drilling Update report for its Southwest deposit at the Troilus project. Drilling results incl. 24m @ 1.799g/t Au, 0.299% Cu from 121m. January 28, 2020, Toronto, Ontario – Troilus Gold Corp. (TSX: TL | |
| Resources: | (Resource): 4.71Moz AuEq (Ind.) and 1.76Moz AuEq (Inf.) | |
| CP/QP: | [Overall Report]: Bertrand Brassard (Internal) | |
| ABSTRACT: | January 28, 2020, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to announce results from its recent 2,500 metre drill program in the Southwest Zone (the “Southwest Zone”) at its 100%-owned Troilus property (the “Troilus Project”) located northeast of Chibougamau, Quebec. All seven drill holes successfully intersected gold including high-grade intersections and demonstrated geology similar to that of Z87. Initial drilling at the Southwest Zone tested an area of 500m x 250m located just 3.5 kilometres south of the Z87 pit and readily accessible from the existing mine road (see Figures 1 & 2). Justin Reid, Chief Executive Officer of Troilus commented, “We are very pleased with these initial results from the Southwest Zone. This short drill campaign has identified a sizeable new zone of mineralization targeted from our regional ground exploration program. The Southwest Zone exhibits similar geology and mineralization to that of the Z87 pit located just 3.5 km away, where almost 2 million ounces of gold was produced historically. All seven drill holes have returned mineralized intersections worthy of follow up. In light of these results, we plan to immediately expand upon this initial work with more focused drilling in the area. It is our view that the Southwest Zone may have the potential to add to Troilus’ already compelling estimated mineral resources at the Troilus Project which include 4.71 million ounces of Indicated gold equivalent and 1.76 million ounces of Inferred gold equivalent as announced in November of last year.” (see press release dated November 12, 2019) | |
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