Business
Troilus Gold Discovers New Gold Zone Located 8km Southwest of Main Resource, Samples Return Up to 9.7 g/t Gold and 32.5 g/t Silver
TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to announce initial results fro
About this update from Troilus Mining Corp
[{"type":"text","content":" TORONTO, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to announce initial results from its summer 2020 regional exploration program on its 100%-owned Troilus Project, located within the Frôtet-Evans Greenstone Belt of northern Quebec. The program focused on identifying high priority targets within the extensive new land package Troilus acquired and staked earlier in the year (the “Troilus-Frôtet Property”) (see press releases dated April 28, 2020 and July 21, 2020). Initial results have outlined a new zone of mineralization, the Beyan Gold Zone (“Beyan”), located 8 km southwest of the recently discovered Southwest Zone and can be traced over a minimum strike length of 225 metres. Beyan is accessible from the Route de la Mine North Block; the main access road on the property connecting the site to the Route du Nord highway. Highlights from the New Beyan Gold Zone: Grab samples returned up to 9.7 g/t gold and 32.5 g/t silver from outcrop A total of 14 gold-bearing samples were collected from outcrop covering a strike length of over 225m Other sample highlights include: 2.81 g/t gold, 2.69 g/t gold, 2.24 g/t gold, 2.12 g/t gold, 1.95 g/t gold (see full results in Table 1) Some geological characteristics linking Beyan to the main mineralized zones “Our team has been hard at work this summer in the field and we are very excited to report on these initial results from the Beyan Gold Zone. Located just off the main access road and 8 km from the Southwest Zone discovered earlier this year, we believe Beyan could represent a continuation of the Troilus Gold System further along trend,” said Justin Reid, CEO of Troilus. “The Troilus-Frôtet Property that we acquired earlier this year, represents a major blue sky opportunity for the Company. No exploration of any significance had been conducted on this property in recent decades and the historical focus has always been base metal. By applying our updated geological model developed around the main ore bodies over the last couple of years and applying modern exploration technology, we have been able to identify new near-surface gold occurrences, as evidenced by these initial results from Beyan. We await further results from locations across the Troilus-Frotêt Property collected during the summer and believe that...