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Troilus Gold Corp.
Summary
| Project: | Troilus | |
|---|---|---|
| Deposit: | Southwest Zone | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 6/14/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 14-6-2020: Troilus Gold Corp. announces an Exploration/Drilling Update report for its Southwest Zone deposit at the Troilus project. Drilling results incl. 32.65m @ 1.09g/t Au, 0.31% Cu, 1.5g/t Ag from 75.35m. Justin Reid, Chief Executive Officer of Troil | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Bertrand Brassard (Internal) | |
| ABSTRACT: | Justin Reid, Chief Executive Officer of Troilus commented: “Results from the small drill campaign in the Southwest Zone completed in December 2019 identified a sizeable new zone of mineralization 3.5 km southwest of the existing Z87 pit where almost 2 million ounces of gold was produced. The discovery of 2.87 g/t AuEq over 17 metres within a broadersection of 2.26 g/t AuEq over 24 metresin hole TLG-ZSW19- 177 (see press release dated January 28, 2020) prompted us to push forward with further exploration. We are very encouraged by these new results, which continues to expand the scale of the Troilus mineralizing system. It is our view that the Southwest Zone may have the potential to add to Troilus’ already compelling estimated mineral resource which includes 4.71 million ounces of Indicated gold equivalent (159.1 Mt with an average grade of 0.92 g/t AuEq) and 1.76 million ounces of Inferred gold equivalent (52.7 Mt with an average grade of 1.04 g/t AuEq) as announced in November of last year (see press release dated November 12, 2019). Our Technical team is now analyzing the Southwest Zone drill results with the intention of incorporating the findings into the overall resource estimate in the coming months.” | |
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