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Troilus Gold Extends Newly Discovered “X22 Zone” Strike Length to +800 Meters; Drills 1.34 g/t AuEq Over 18m and 2.42 g/t AuEq Over 9m
MONTREAL, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”) (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) reports assay results from Zone
About this update from Troilus Mining Corp
[{"type":"text","content":" MONTREAL, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”) (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) reports assay results from Zone X22 (“X22”) at its Troilus Project, located in northcentral Quebec, Canada. The results reported herein are part of an ongoing drill campaign designed to define and expand on a newly discovered NE-SW mineralized deformation corridor, originating in Zone 87 and extending southwest into the Gap Zone. Since its discovery in late 2022 (see October 17, 2022, press release), the strike length of X22 has grown to over 800 metres, and is open to the southwest along strike, and at depth. The results reported today showcase the shallow depth, grade, and continuity of X22. All results reported herein lie entirely outside of the PEA pit shells and will be included in the upcoming Definitive Feasibility Study. Zone X22 Intercept Highlights: 18m at 1.34 g/t AuEq, including 2m at 7.16 g/t AuEq 9m at 2.42 g/t AuEq from 172 to 181m downhole 14m at 0.81 g/t AuEq from 39 to 53m downhole, including 8m at 1.10 g/t AuEq 12m at 1.52 g/t AuEq, including 1m at 10.51 g/t AuEq 19m at 0.82 g/t AuEq, including 3m at 2.47 g/t AuEq 8m at 1.79 g/t AuEq from 177 to 185m downhole, including 1m at 7.57 g/t AuEq and 1m at 4.31 g/t AuEq 19m at 0.61 g/t AuEq from 131 to 150m downhole, including 7m at 1.12 g/t AuEq Justin Reid, CEO of Troilus Gold, commented, “X22 is an exciting new shallow target which we expect will positively impact the grade profile of Troilus in the early years of the mine life. Given the zone was only recently discovered, it has not yet been included in any previous resource calculations and will be included in our upcoming Feasibility study. The continuity, grade and shallow depth of this zone are all key features that we believe will have a significant impact on the economic modelling of the project. In the coming months, our team will continue to define zone X22 through strategic and targeted drilling, in order to deliver the most impactful Feasibility Study to our stakeholders. Our robust structural and geochemical model of the Troilus deposit, layered with our current geological understanding of the Frotêt-Evans greenstone belt, is imperative to uncovering new discoveries at the Troilus deposit and beyond. Our balance sheet remains very strong and we see clear runway to achieving o...