Troilus Gold Corp. Highlights Record Drill Assay
MONTREAL — Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is excited to share promising assay results from its recent drilling campaign in the Southwest Zone of the Troilus Project. This successful drilling effort is part of Troilus' ongoing exploration initiatives aimed at maximizing resource development at this productive site.
Impressive Drill Results
The latest drilling program, which concluded successfully, has yielded exceptional results from the Southwest Zone. One of the standout findings is from hole SW-25-678, which recorded an impressive 78.38 g/t gold equivalent (“AuEq”) over a 2-meter interval. This includes a notable higher-grade segment of 153.73 g/t AuEq over 1 meter, affirming the high-grade mineral potential of this area.
Drill Hole Performance
Below are key results from this drill program that exemplify the quality and continuity of mineralization:
- SW-25-678: 78.38 g/t AuEq over 2 m, including 153.73 g/t AuEq over 1 m.
- SW-25-719: 0.94 g/t AuEq over 73 m, with notable intervals of 2.62 g/t AuEq and 15.15 g/t AuEq over smaller segments.
- SW-25-703: 0.92 g/t AuEq over 69.3 m, including high-grade intersections of 20.93 g/t AuEq.
These results not only confirm earlier models but also extend the continuity of high-grade mineralization within the Phase 1 reserve pit, which covers the initial five years of mining.
CEO Comments on the Findings
Justin Reid, CEO of Troilus, expressed his confidence in the results: "This drilling campaign confirmed our expectations. It provided greater assurance of the block model and unearthed additional high-grade mineralization. The focus is on the Southwest Zone during the first phase of mining and could influence our production schedule significantly. Our team is dedicated to interpreting these results for further exploration and growth opportunities."
Next Steps in the Exploration Program
As the exploration team integrates these final drilling outcomes into the resource model, they will shift focus toward regional targets. A robust soil sampling program is in progress, set to cover approximately 3,700 samples. Additionally, the completion of a versatile time-domain electromagnetic (VTEM) survey is being analyzed to provide further insights into the mineralization potential.
Looking ahead, the next drilling phase is scheduled for the third quarter of the upcoming year, emphasizing the identification of new high-grade areas and further exploration beyond current mining plans.
About Troilus Gold Corp.
Troilus Gold Corp., a Canadian development-stage mining firm, is advancing the former gold and copper-producing Troilus Mine towards production. Located in Quebec, Troilus encompasses a vast land holding within the Frôtet-Evans Greenstone Belt. The feasibility study recently completed indicates the potential for a 22-year open-pit mining operation.
For Further Inquiries
Caroline Arsenault
VP Corporate Communications
+1 (647) 407-7123
info@troilusgold.com
Frequently Asked Questions
What are the significant findings from Troilus Gold's recent drilling?
The drilling highlighted impressive results, notably 78.38 g/t AuEq and significant continuity of high-grade mineralization.
What does the term AuEq mean?
AuEq refers to gold equivalent, a measure combining gold, silver, and copper values into an equivalent gold grade.
How many years is the planned mining operation at Troilus?
The feasibility study projects a 22-year operational timeline for the mining activity.
What is the next step for Troilus after this drilling campaign?
Troilus plans to focus on regional exploration and incorporate findings into their resource model.
Who should I contact for more information about Troilus Gold Corp.?
For inquiries, reach out to Caroline Arsenault at +1 (647) 407-7123 or via email at info@troilusgold.com.
