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Troilus Gold Drills 20m Grading 1.66 g/t AuEq in New Gold Zone ‘West Rim’ and Identifies Further Near-Surface High-Grade Targets
MONTREAL, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is pleased to announce positive
About this update from Troilus Mining Corp
[{"type":"text","content":" MONTREAL, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is pleased to announce positive drill results forming part of a 1,866-metre exploratory drill program on its newly discovered “West Rim” VMS (Volcanogenic massive sulfide ore deposit) target, located within 150 metres of the North Reserve Pit Shell (Zones 87, J & X22) (see Figure 1) at its Troilus Project, located in northcentral Quebec, Canada. The West Rim drill program was designed to test various geophysical anomalies and collect geological data that will inform the next phase of drilling. West Rim Highlights: WR-24-003 returned 1.66 g/t AuEq (1.64 g/t Au, 0.92 g/t Ag, 0.01% Cu) over 20m including 3.10 g/t AuEq (3.07 g/t Au, 1.62 g/t Ag, 0.01 % Cu) over 8m starting at 87 m downhole (See Figures 1 and 2). WR-24-004 returned 1.08 g/t AuEq (1.05 g/t Au, 0.90 g/t Ag, 0.01% Cu) over 11m including 7.13 g/t AuEq (7.03 g/t Au, 4.50 g/t Ag, 0.01 % Cu) over 1m starting at 27 m downhole (See Figure 1). Justin Reid, CEO of Troilus Gold, commented, “We are very pleased with the results from our initial phase of drilling at the West Rim target. Our team is actively reviewing the data from this phase to refine our targeting strategy for the next round of drilling, set to commence in the coming weeks. The characteristics of the West Rim target are highly promising, and our primary exploration objective here is to identify and add higher-grade ounces that could be incorporated early in the mine plan. With the scale of this prospective trend (~4km), which remains largely unexplored, and its proximity (~150m) to the planned North Reserve Pit as defined in the recent Feasibility Study (see press release, May 14, 2024*), we believe this target has the potential to enhance the mine model and deliver on our objective.” *The completed NI 43-101 technical report associated with the Troilus Project Feasibility Study (“FS”) can be found on SEDAR+ at www.sedarplus.ca under the Company’s issuer profile or on the Company’s website at www.troilusgold.com. West Rim Zone The West Rim Zone was discovered as part of a site-wide 25,000m drill program at the Troilus Property that returned 32m of 0.74 g/t AuEq including 1.37 g/t AuEq over 11m in hole X22-24-080 (see press release May 30, 2024, and hole location in Figure 1). The re...