*0.95 G/T AUEQ (0.83 G/T AU, 1.30 G/T AG, 0.06 % CU) OVER 164 M
MONTREAL, July 07, 2026 (GLOBE NEWSWIRE) -- Troilus Mining Corp. ("Troilus" or the "Company") (TSX: TLG; OTCQX: CHXMF; FSE: CM5), is pleased to announce additional results from the Z87 optimization drill program, as part of its ongoing 2026 exploration activities at the Troilus Project located in north-central Quebec, Canada. The results reported include 7 drill holes totalling 1,845 metres, following the exploration program outlined in the Company's March 31, 2026 press release. To date, Troilus has released results from 20 drill holes totalling 5,563 metres of the approximately 24,000 metres allocated to the Z87 pit optimization program, which is targeting inferred and historically unsampled material within and around the Z87 reserve pit shell.
The ongoing Z87 optimization program is designed to upgrade inferred material and target unsampled intervals from historic drilling within the hangingwall of the main ore zone. All results reported today are located within the Z87 reserve pit, as defined in the Feasibility Study (see May 14, 2024 press release), and continue to support the Company's objective of evaluating opportunities to improve future mine planning, including potential resource conversion, pit sequencing optimization, strip ratio improvements and early-year mill feed flexibility.
Z87 Intercept Highlights (see Figure 1):
Hole 87-26-507 intersected 0.95 g/t gold equivalent ("AuEq") (0.83 g/t Au, 1.30 g/t Ag, 0.06 % Cu) over 164 m, including 1.38 g/t AuEq (1.26 g/t Au, 1.09 g/t Ag, 0.07 % Cu) over 46 m starting at 373 m downhole, and 1.22 g/t AuEq (1.06 g/t Au, 1.74 g/t Ag, 0.09 % Cu) over 61 metres, including 3.10 g/t AuEq (2.70 g/t Au, 1.82 g/t Ag, 0.24 % Cu) over 9 m starting at 476 m downhole. This intercept expands the main zone beyond limited historic sampling.
Hole 87-26-487 intersected 0.82 g/t AuEq (0.66 g/t Au, 0.93 g/t Ag, 0.09 % Cu) over 39.6 m, including 1.36 g/t AuEq (1.10 g/t Au, 1.36 g/t Ag, 0.15 % Cu) over 17m from the Z87 hangingwall starting at 164 m downhole.
Hole 87-26-501 intersected 0.64 g/t AuEq (0.51 g/t Au, 0.90 g/t Ag, 0.07 % Cu) over 75 m, including 1.31 g/t AuEq (0.94 g/t Au, 2.91 g/t Ag, 0.21 % Cu) over 14m from the Z87 hangingwall starting at 190 m downhole.
Justin Reid, CEO of Troilus, commented, "This deposit keeps getting better. These latest results from Z87 continue to demonstrate the value of our optimization program and the opportunity that remains within the existing reserve pit. With two drills active at site this year, we are systematically testing areas where historical drilling left meaningful gaps in the model, while also targeting inferred material for potential upgrading. If we can define additional ore tonnes within the current mine design, we believe there is a real opportunity to improve strip ratios, enhance sequencing flexibility and provide greater optionality as we plan to feed the future 50,000 tonne-per-day operation."