Troilus Gold: 2021 Year-In-Review & Outlook for 2022; an Open Letter to Shareholders From the CEO

About this update from Troilus Mining Corp

[{"type":"text","content":" TORONTO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF) today releases an open letter to shareholders from the Company’s President and Chief Executive Officer, Justin Reid. While a copy of the letter is presented in this press release, the original document can be found on our website HERE. Dear Shareholders, 2021 was an intensive year of work by the Troilus team as it continued to solidify the foundations and advance our mining project, which we believe has the potential to be a cornerstone Canadian mine for decades to come. On all fronts, our project and our team have never been in a stronger position. First and foremost, we had great success with the drill bit and in the field, while our expanded engineering team has been busy calculating trade-offs and analyzing options to achieve the optimal design plan for the Troilus mine. At a local level, our environment and community relations team has been working with local communities and First Nations to set the stage for the start of our permitting process. Along the way, we have shared these positive developments using a myriad of new outreach programs and platforms which has greatly expanded our communications reach. Environmental, social and governance (ESG) continues to be a top priority, with the knowledge that the decisions we make today have the potential for long term positive impact across the entire lifespan of the Troilus mine and beyond for our employees, our shareholders, and our communities. I am pleased to elaborate on some of our major accomplishments of 2021, below: Exploration Success: ~100,000 metres drilled At the start of 2021 we targeted 7,000 metres of drilling per month over the winter with the goal of releasing an updated mineral resource estimate to support a Pre-Feasibility Study (PFS) by the end of 2021. As it turned out, the more we drilled, the more mineralization we found. Our understanding of the geology at Troilus continues to improve and evolve. In 2021, we drilled ~100,000 metres, over 50% of which were drilled in the newly discovered Southwest Zone, where we identified some of the best grades ever at Troilus. This zone continues to be a priority growth target, with results suggesting a much broader system well beyond the existing mineral envelope which remains open at depth and in all d...

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