Business
Troilus Gold Discovers New 4.4 Km Gold Trend With Surface Samples Up to 32.2 G/T and 25.4 G/T Gold; Provides Summary of Regional Exploration
MONTREAL, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF) provides an overview and initial results fro
About this update from Troilus Mining Corp
[{"type":"text","content":" MONTREAL, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF) provides an overview and initial results from the Summer 2022 regional exploration program on its Troilus property, located in north-central, Quebec, Canada, within the eastern portion of the Frotet-Evans Greenstone Belt. Between May and October, Troilus undertook an extensive fieldwork program in collaboration with Dahrouge Geological Consulting and IOS Services Geoscientifiques, focusing on the southern and eastern portions of its property. Activities included field mapping and prospecting, mechanical trenching, channeling, drone mapping, and soil/till sampling. Over the course of the program, Troilus collected 2,618 soil samples, 1,757 rock samples, 1,027 channel samples and 1,201 till samples. Initial interpretation of results from the Pallador target and surrounding claims (see Figure 1) have revealed a multi-kilometre gold trend, marked by the discovery of a 1.5 g/t gold outcrop sample and several surrounding high-grade boulder samples returning up to 32.2 g/t gold, 25.4 g/t gold and 9.7 g/t gold (see Figure 2). This discovery forms “Rocket”, a prospective new target which the Company believes could be lithologically and structurally connected to Sumitomo and Kenorland Minerals (80%/20%) Regnault Target, located ~2 km North, which has returned high grade drill results up to 8.47 g/t gold over 29.08m. The Rocket and Pallador targets are accessible via road from the main Route du Nord, which leads to the main mineral zones and Troilus mine site. Justin Reid, CEO of Troilus Gold, commented, “The discovery of the Rocket gold occurrence in conjunction with various other high-grade surface samples over a multi-kilometre trend is a testament to the excellent geological and structural modelling completed by our exploration team. These very encouraging results expand upon other prospective regional targets identified on our property and reaffirms our belief that our main mineral deposits at the former mine site are not isolated, but rather part of a district-scale gold system. We look forward to further exploration work at this new target, having a high level of confidence in our ability to expand upon these findings as our understanding of the area continues to improve.” Rocket Target: Discovery of Gold...