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Troilus Gold Corp.

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Summary

Project:

Troilus

Deposit:Troilus
Location:Canada
Commodities:Gold
Date:10/31/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Mine in Care & Maintenance
Report details:31-10-2018: Troilus Gold Corp. announces an Exploration/Drilling Update report for its Troilus deposit at the Troilus project. Drilling results incl. 81m @ 1.44g/t Au, 0.13% Cu from 689m. October 31, 2018, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG)
Resources:(Resource): 29.6Mt @ 1.72g/t AuEq (Ind.), 12.6Mt @ 1.33g/t AuEq (Inf.)
CP/QP:[Overall Report]: Bruno Perron (Internal)
ABSTRACT:October 31, 2018, Toronto, Ontario – Troilus Gold Corp. (TSX: 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. Twelve (12) holes, at Z87, totaling approximately 9,100 metres of drilling were designed to upgrade inferred classified material to indicated, and to improve mineralized resolution below indicated mineral resource estimates down dip. Management believes success from this series of drill holes may create new inferred material below currently classified inferred resource estimates (Fig 1&3). Three (3) holes, TLG-Z87-018, 035, and 044W, were targeted to test the down dip extension of mineralization below the current Z87 mineral resource estimates. All 3 holes successfully intersected gold and copper mineralization over expected widths and showed strong lithological continuity with the mineralized zones above. Continuation of mineralization has been extended an additional 180 metres below the lowest level of inferred categorized estimates and opened up opportunities directly to the North (Fig 2&4).

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