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Troilus Gold Corp.
Summary
| Project: | Troilus | |
|---|---|---|
| Deposit: | Troilus | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 12-11-2019: Troilus Gold Corp. announces a Resource Estimation report for its Troilus deposit at the Troilus project. Updated mineral resource estimate for project. November 12, 2019, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilu | |
| Resources: | (Resource): 159.1Mt @ 0.92g/t AuEq. (Ind.) and 52.7Mt @ 1.04g/t AuEq. (Inf.) | |
| CP/QP: | [Resources]: Luke Evans (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | November 12, 2019, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to provide an updated mineral resource estimate (see Table 1) from its 100% owned Troilus property located 170 km by road north of Chibougamau, in northwestern Quebec, Canada (the “Troilus Project”). The updated mineral resource estimate is summarized in Table 1. This updated mineral resource estimate, prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum “CIM” (2014) Definition Standards incorporated by reference in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), is the result of over 36,000 metres (81 drill holes) of drilling completed by the Company from February 2019 to July 2019 in addition to the 36,000 metres (91 drill holes) of drilling completed in August 2018. The mineral resource estimates for Z87 Zone are based on a combined pit constrained and underground mining scenario, while the mineral resource estimates for the J Zone (J4 and J5) are based on pit constrained mining (see Figure 1 for Plan View of Mineralized Zones). The combined updated pit constrained and underground mineral resource estimate is summarized in Table 2. | |
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