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Troilus Gold Corp.
Summary
| Project: | Troilus | |
|---|---|---|
| Deposit: | Troilus | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 24-5-2018: Troilus Gold Corp. announces an Exploration/Drilling Update report for its Troilus deposit at the Troilus project. Drilling results incl. 45.13m @ 1.7g/t Au, 0.213% Cu from 463.87m. TROILUSGOLDCORP. INTERSECTS 2.04G/T AUEQOVER 44 METRES, INCLUD | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruno Perron (Internal) | |
| ABSTRACT: | TROILUSGOLDCORP. INTERSECTS 2.04G/T AUEQOVER 44 METRES, INCLUDING6.94G/T AUEQOVER 4.7 METRES, AND1.71G/T AUEQOVER 47 METRES, INCLUDING8.08G/T AUEQOVER 3.9 METRES BELOW Z87OPENPITONTROILUS PROPERTY,QUEBEC May 24, 2018, Toronto, Ontario – Troilus Gold Corp. (TSX-V: TLG) (“Troilus” or the “Company”) is pleased to provide results from the first two (2) holes drilled at its 100% owned Troilus gold and copper property located Northeast of the Val-d’Or district in Quebec, Canada (the “Troilus Project”). The 30,000 metre drill program is 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. The first seven (7) holes drilled at the Troilus Project were designed to confirm the lower extent of gold and copper results from historic drilling below the Z87 open pit and to develop a better understanding of mineralization and lithological characteristics of the Troilus deposit to guide next phases of drilling (Fig 1&2). “Our initial drilling has returned excellent results not only confirming our defined resource but extending the limits of the mineralization. Mineralization within this main corridor shows great continuity and predictability beyond our current understanding.” said Justin Reid, CEO of Troilus Gold Corp. “We are identifying thick intervals of historic mine grade mineralization marked by materially higher-grade discreet zones as witnessed in holes 1 and 2.” There are presently three drills operating at the Troilus Project, having completed 20,000 of the planned 30,000 metres of drilling. Sampling from over 35 holes have been sent to laboratory for assaying. Results are now through initial processing delays and are expected to be received consistently over the coming weeks. Drilling below the J4/J5 historic open pits to show down dip expansion are nearing completion, as well as deep extensions below the current estimated inferred mineral resource at Z87. | |
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