Troilus Gold Expands Southwest Zone Strike Length by 40% to 1.5 km; Extends Gold Mineralization 450 Metres Below PEA Pit

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[{"type":"text","content":" TORONTO, April 08, 2021 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the “Company”) reports assay results for an additional five drill holes from the Southwest Zone on its 100%-owned Troilus Gold Project (“Troilus” or the “Project”) located in north central Quebec, Canada. The Southwest Zone is a rapidly expanding gold zone located approximately 2.5 kilometres southwest of the main mineral corridor (Z87 and J Zone), initially identified and drilled in late 2019 and early 2020 (See Figure 1). Gold mineralization has been extended along strike to the northeast by an additional +400 metres into the Gap Zone (See holes ZSW20-218/ ZSW20-219, Figure 2).Highlights include: 2.23 g/t AuEq over 4m, incl. 3.50 g/t AuEq over 2m 2.48 g/t AuEq over 2m, incl. 3.77 g/t AuEq over 1m 12.37 g/t AuEq over 1m 1.14 g/t AuEq over 5.7, incl. 3.06 g/t AuEq over 1.7m 5.36 g/t AuEq over 1m 5.00 g/t AuEq over 1m 3.12 g/t AuEq over 1m Down dip extensions continue up to 450 metres below the pit shell proposed in the Preliminary Economic Assessment (“PEA”) (See August 31, 2020 press release). Highlights include: 5.03 g/t AuEq over 1m 3.16 g/t AuEq over 1m 2.78 g/t AuEq over 1m 2.66 g/t AuEq over 1m All intersections reported herein were located outside of the PEA pit shell(See Table 1) “The Southwest Zone continues to grow and exceed our expectations. With each step-out hole the system extends further to the northeast towards the current limits of Z87 South – an area we now identify as the 'Gap Zone',\" commented Justin Reid, CEO of Troilus Gold. “This recent drilling has intersected targeted down-dip extensions of historic shallow drilling that was conducted by Inmet Mining Corporation in 1986. This area was abandoned with the subsequent discovery of Z87, which became Inmet’s main production pit. We have two drills turning in the Gap Zone, and we intend to deploy a third. The continuity of mineralization is exciting and the Gap Zone will be a continued major focus of our work through the spring and summer of 2021 to help us better understand the nature and extent of the results we are seeing.” The Southwest Zone demonstrates an ongoing trend of higher grade gold intercepts within a much broader disseminated mineralized zone, consistent with the main Z87 zone. Parallel zones of mineralization continue to be discovered as dril...

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