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Troilus Gold Corp.
Summary
| Project: | Troilus | |
|---|---|---|
| Deposit: | Troilus | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 20-9-2018: Troilus Gold Corp. announces an Exploration/Drilling Update report for its Troilus deposit at the Troilus project. Drilling results incl. 10m @ 1.58g/t Au, 0.096% Cu from 47m. September 20, 2018, Toronto, Ontario – Troilus Gold Corp. (TSX-V: TL | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruno Perron (Internal) | |
| ABSTRACT: | September 20, 2018, Toronto, Ontario – Troilus Gold Corp. (TSX-V: TLG) (“Troilus” or the “Company”) is pleased to provide further drilling results from its 100% owned Troilus gold and copper property located Northeast of the Val-d’Or district in Quebec, Canada (the “Troilus Project”). The 36,000 metre drill program was designed to confirm and expand existing mineral resources from the historically producing Troilus mine, as well as explore down dip and along strike from known mineralization. J4 and J5 Zones (J4 and J5), two smaller scale historic open pits are located 200 metres and 1 kilometre directly Northeast of Z87 and are characterized by the same mineralization and geology as Z87 (Figure 1). Exploration in these areas and to the Northeast, along trend, was historically limited due to the unfavourable gold market and corporate focus on production. Fourteen (14) drill holes, totaling approximately 3,300 metres of drilling were designed to test the dip and strike potential of the J5 Zone at the Troilus Gold property (Figure 2&3). J5 historically produced a modest 50,000 tons of material at the end of mine production, just prior to shutting down in 2010. The historical resource in this area was delineated by limited drill data (6 drill holes) and defined mineral resource estimates to less than 50 metres from surface. All fourteen drill holes (14) successfully intersected gold-bearing mineralization within the same stratigraphy as historically produced at J4 and J5. J4 and J5 remain open down dip and along strike beyond the limits of this drill program potentially signifying open pittable resource opportunities. Additionally, three (3) holes, TLG-ZJ5-022, 031, and 034, were pushed beyond the expected limits of the J5 mineralized zone at depth. These holes targeted the J4 Zone extension of Z87. All three holes intersected both the J4 and J5 mineralized horizons at the targeted depth. Current surface exploration will focus on further extending this mineralization to the Northeast. | |
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