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Troilus Extends Gold Bearing Zone Well Beyond Pea Pit Limits in Southwest Zone

Feb 24, 2021

“These continued positive results in the Southwest Zone are demonstrating a potential scale that is exceeding our expectations,” stated Justin Reid, CEO of Troilus Gold. “The results from holes 209 and 211 have defined an expanded mineral system that dwarfs the pit shell proposed in the PEA completed last year with strong extensions of mineralization all located within 500m from surface. It’s very exciting to see the Southwest Zone rapidly evolving from its initial discovery just over 1 year ago. We are eager to continue targeted drilling in this area to better define the potential of what could rapidly become a very large system with multi-million ounce resource potential of a scale we believe could be in-line with the main zone Z87, or potentially larger.”

Troilus Gold Corp. is reporting additional drill results from recent exploration drilling at its 100%-owned Troilus Gold Project located in north central Quebec. These latest results represent exploration and step out holes located in the Southwest Zone, a priority growth target which was discovered and drilled in late 2019 and early 2020 (See Figure 1). Results continue to define significant mineral expansion well beyond the pit proposed in the Preliminary Economic Assessment (“PEA”) (See press release dated August 31, 2020) (See Figure 2). Highlights include:

ZSW20-209 extended known mineralization an additional 250 metres east of the PEA defined pit shell, over 225m below it and remains open, suggesting potential for continued resource growth (see Figure 3). Intercept highlights include:

  • 1.08 g/t AuEq over 16m, incl. 1.87 g/t over 7m and 2.56 g/t over 4m
  • 1.13 g/t AuEq over 8m, incl. 4.45 g/t AuEq over 1m and 1.28 g/t over 1m

ZSW20-211 intersected substantial mineralization approximately 75m below the PEA pit shell and extended down dip mineralization to at least 500m from surface (see Figure 3). Intercept highlights include:

  • 1.48 g/t AuEq over 6m, incl. 6.9 g/t over 1m
  • 1.28 g/t AuEq over 9m, incl. 5.3 over 1m, 3.3 g/t over 1m and 2.4 g/t over 1m 
  • 1.37 g/t AuEq over 8m, incl. 3 g/t over 1m

ZSW20-208 extended the defined ore zone down dip over 200m below the PEA pit shell having markedly higher grades than previously reported in hole ZSW20-187 (see May 14, 2020 press release), located approximately 150m above it (See Figure 4). The mineralized trend remains open at depth. Intercept highlights include:

  • 1.16 g/t AuEq over 18m, incl. 2.36 g/t over 7m and 11.09 g/t over 1m
  • 3.44 g/t AuEq over 2m, incl. 5.46 g/t over 1m; and 3.10 g/t AuEq over 1m located in a previously undrilled area within the PEA pit shell 


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