Uncategorized
Troilus Continues to Expand Zone X22, Drills High Grades of 103.81 g/t AuEq Over 1m, 14.68 g/t AuEq Over 7m, 3.10 g/t AuEq Over 17m and 3.29 g/t AuEq Over 11m
Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) reports additional assay results from Zone X22 at the gold-copper Troilus Project, located in northcentral Quebec, Canada.
These results further demonstrate strong continuity between previously drilled holes and continue to highlight the high-grade trends of this zone (see plan view in Figure 1 and sections in Figures 2 and 3).
The reported results form part of a definition drill program targeting the high-grade NE-SW deformation corridor that characterizes the X22 Zone. An additional ~4,000 metres focused on infill drilling are planned in order to meet the Indicated resource category spacing requirement.
All results reported lie entirely outside of the PEA pit shells, excluding hole X22-23-026, and are intended to be included in the upcoming mineral resource estimate and Feasibility Study.
Zone X22 Intercept Highlights:
- Hole X22-23-042 intersected a high-grade interval of 103.81 g/t AuEq over 1m, as well as 1.09 g/t AuEq over 45m within a broader intersection of 0.83 g/t AuEq over 82m, extending mineralization down-dip by 100m with hole X22-23-069, which returned 0.73 g/t AuEq over 55m, including 5.35 AuEq over 1m (see Figure 3). Mineralization remains open to expansion at depth.
- Hole X22-23-067 intersected 14.68 g/t AuEq over 7m, including 133.12 g/t AuEq over 0.7m
- Hole X22-23-066 intersected 3.29 g/t AuEq over 11m, including 24.56 g/t AuEq over 1m and 3.10 g/t AuEq over 17m, including 7.26 g/t AuEq over 3m extending mineralization 50m down-dip from previously reported hole 87-22-446 (see Figure 2).
- Hole X22-23-044 returned 5.03 g/t AuEq over 3m, including 10.17 g/t AuEq over 1m extending mineralization 50m down-dip of hole X22-23-066 and remains open to expansion at depth (see Figure 2).
- Hole X22-23-057 drilled 2.75 g/t AuEq over 2.4m at surface and 1.38 g/t AuEq over 12m, including 4.94 g/t AuEq over 1m confirming mineral continuity 100m down-dip from previously reported hole 87-22-410 and 50m up-dip from previously hole X22-23-023 (see Figure 2).
Justin Reid, CEO of Troilus Gold, commented, “Drilling in Zone X22 continues to impress us, returning some of the highest grades and most continuous intercepts in Troilus’ history. We strongly believe that our drilling efforts at X22 will optimize an already strong project, with near-surface high grades that will enhance the mine’s strip ratio and positively impact the mine sequencing. Significant recent rainfall in Quebec has provided some relief to the forest fire situation in the Eeyou-Istchee James Bay region and operations at our site are slowly re-starting since receiving government approval to access our camp. We expect to ramp up and resume drilling and exploration activities in the coming week as we closely monitor the situation to ensure the safety of our staff and local communities.”
The northeastern most region of X22 is showcasing strong grades and mineral continuity near surface. Wide intervals of mineralization such as 0.83 g/t AuEq of 82m from hole X22-23-042 are characterized by pervasive biotite alteration with disseminated sulfides, as well as sericitized shear zones and felsic porphyry dykes. High-grade intercepts such as 103.81 g/t AuEq from X22-23-042 are characterized by more discrete structures containing semi-massive pyrrhotite and chalcopyrite. The strategic execution of the X22 drill program has rapidly expanded and defined the mineralized trend, which now extends ~1 kilometre and is expected to have a positive impact on the economics in the upcoming Feasibility Study, which remains on schedule for targeted completion prior to the end of the 2023 calendar year.
Figure 1: Plan View Map of Zone X22 Showing Current and Previously Reported Drilling
Figure 2: Section 13,275N (A-A’ Figure 1) Showing New Results for Holes X22-23-044, X22-23-066, and X22-23-057
Figure 3: Section 13,075N (B-B’ Figure 1) Showing New Results for Holes X22-23-042 and X22-23-069
Table 1: Zone X22 Drill Results
| Hole | From (m) |
To (m) | Interval (m) |
Inside/Outside of PEA Pit Shell |
Au Grade (g/t) |
Cu Grade (%) |
Ag Grade (g/t) |
AuEq Grade (g/t) |
| X22-23-017 | ||||||||
| 29.8 | 59 | 29.2 | outside | 0.42 | 0.07 | 1.06 | 0.52 | |
| incl | 32 | 32.5 | 0.5 | outside | 1.20 | 0.07 | 1.10 | 1.30 |
| incl | 48 | 49 | 1 | outside | 1.55 | 0.19 | 4.10 | 1.83 |
| incl | 54 | 55 | 1 | outside | 1.31 | 0.04 | 0.25 | 1.36 |
| incl | 57 | 58 | 1 | outside | 0.79 | 0.10 | 1.10 | 0.93 |
| 65 | 66 | 1 | outside | 0.72 | 0.14 | 1.40 | 0.91 | |
| 75 | 76 | 1 | outside | 0.75 | 0.09 | 0.70 | 0.87 | |
| 77 | 78 | 1 | outside | 0.60 | 0.12 | 1.40 | 0.76 | |
| 97 | 98 | 1 | outside | 1.29 | 0.05 | 0.25 | 1.36 | |
| 115 | 116 | 1 | outside | 0.82 | 0.04 | 0.25 | 0.88 | |
| 118 | 122 | 4 | outside | 0.91 | 0.07 | 3.43 | 1.03 | |
| 134 | 135 | 1 | outside | 0.97 | 0.05 | 0.50 | 1.03 | |
| 145 | 184 | 39 | outside | 0.56 | 0.06 | 0.85 | 0.65 | |
| incl | 145 | 147 | 2 | outside | 0.75 | 0.15 | 1.15 | 0.96 |
| incl | 156 | 172 | 16 | outside | 0.74 | 0.08 | 1.39 | 0.86 |
| incl | 175 | 178 | 3 | outside | 1.02 | 0.10 | 1.07 | 1.16 |
| incl | 181 | 184 | 3 | outside | 0.76 | 0.03 | 0.40 | 0.81 |
| X22-23-018 | ||||||||
| 61 | 67 | 6 | outside | 0.45 | 0.07 | 1.05 | 0.55 | |
| incl | 62 | 63 | 1 | outside | 0.90 | 0.10 | 1.20 | 1.04 |
| 86 | 97 | 11 | outside | 0.41 | 0.07 | 1.03 | 0.50 | |
| incl | 95 | 97 | 2 | outside | 1.02 | 0.08 | 1.80 | 1.15 |
| 126 | 127 | 1 | outside | 0.97 | 0.03 | 1.00 | 1.02 | |
| X22-23-026 | ||||||||
| 24 | 25 | 1 | inside | 0.98 | 0.06 | 2.00 | 1.07 | |
| X22-23-042 | ||||||||
| 166 | 167 | 1 | outside | 102.50 | 0.82 | 26.80 | 103.81 | |
| 188 | 189 | 1 | outside | 1.21 | 0.03 | 0.70 | 1.25 | |
| 287 | 369 | 82 | outside | 0.70 | 0.10 | 0.84 | 0.83 | |
| incl | 323 | 368 | 45 | outside | 0.92 | 0.13 | 1.10 | 1.09 |
| X22-23-043 | ||||||||
| 43 | 44 | 1 | outside | 0.72 | 0.15 | 1.60 | 0.93 | |
| 51 | 52 | 1 | outside | 1.01 | 0.02 | 0.25 | 1.04 | |
| 199 | 200 | 1 | outside | 0.83 | 0.09 | 2.98 | 0.98 | |
| incl | 202 | 203 | 1 | outside | 1.65 | 0.22 | 5.70 | 1.99 |
| incl | 204 | 205 | 1 | outside | 1.43 | 0.09 | 3.90 | 1.58 |
| 217 | 219 | 2 | outside | 1.28 | 0.17 | 1.58 | 1.51 | |
| 262 | 289 | 27 | outside | 0.69 | 0.08 | 1.18 | 0.80 | |
| incl | 282 | 283 | 1 | outside | 1.96 | 0.22 | 4.40 | 2.28 |
| incl | 287 | 288 | 1 | outside | 2.18 | 0.21 | 1.70 | 2.46 |
| 327 | 332 | 5 | outside | 0.75 | 0.10 | 0.25 | 0.88 | |
| X22-23-044 | ||||||||
| 81 | 82 | 1 | outside | 1.24 | 0.21 | 2.70 | 1.53 | |
| 191 | 194 | 3 | outside | 4.71 | 0.24 | 1.67 | 5.03 | |
| incl | 191 | 192 | 1 | outside | 9.54 | 0.47 | 3.30 | 10.17 |
| incl | 193 | 194 | 1 | outside | 3.96 | 0.20 | 0.90 | 4.23 |
| 202 | 207 | 5 | outside | 0.72 | 0.01 | 0.25 | 0.74 | |
| 205 | 207 | 2 | outside | 1.33 | 0.01 | 0.25 | 1.34 | |
| 247 | 248 | 1 | outside | 1.14 | 0.05 | 0.25 | 1.20 | |
| 252 | 256 | 4 | outside | 0.71 | 0.09 | 13.45 | 0.97 | |
| incl | 252 | 253 | 1 | outside | 0.97 | 0.33 | 52.70 | 1.95 |
| incl | 255 | 256 | 1 | outside | 1.75 | 0.02 | 0.60 | 1.78 |
| 266 | 267 | 1 | outside | 2.05 | 0.02 | 0.50 | 2.08 | |
| 274 | 277 | 3 | outside | 0.68 | 0.05 | 1.58 | 0.76 | |
| incl | 276 | 277 | 1 | outside | 1.15 | 0.07 | 3.50 | 1.28 |
| 288 | 290 | 2 | outside | 1.22 | 0.02 | 1.33 | 1.27 | |
| 358 | 364 | 6 | outside | 0.95 | 0.01 | 0.73 | 0.97 | |
| incl | 359 | 360.2 | 1.2 | outside | 2.30 | 0.02 | 1.80 | 2.34 |
| incl | 363 | 364 | 1 | outside | 1.18 | 0.00 | 0.25 | 1.18 |
| 386 | 399 | 13 | outside | 0.74 | 0.01 | 0.28 | 0.76 | |
| incl | 386 | 388.15 | 2.15 | outside | 2.53 | 0.01 | 0.25 | 2.55 |
| incl | 398 | 399 | 1 | outside | 1.19 | 0.01 | 0.25 | 1.20 |
| 403 | 410 | 7 | outside | 0.68 | 0.02 | 0.53 | 0.70 | |
| incl | 407 | 409 | 2 | outside | 1.17 | 0.04 | 0.90 | 1.23 |
| X22-23-046 | ||||||||
| 65 | 66 | 1 | outside | 0.76 | 0.52 | 6.80 | 1.48 | |
| 72 | 73 | 1 | outside | 3.18 | 0.67 | 5.80 | 4.08 | |
| 91 | 92 | 1 | outside | 6.93 | 0.27 | 6.50 | 7.33 | |
| 218 | 219 | 1 | outside | 1.25 | 0.02 | 0.50 | 1.28 | |
| 224 | 225 | 1 | outside | 15.55 | 0.01 | 0.25 | 15.57 | |
| 240 | 241 | 1 | outside | 2.58 | 0.00 | 0.25 | 2.59 | |
| 248 | 249 | 1 | outside | 3.26 | 0.01 | 0.25 | 3.27 | |
| 264 | 265 | 1 | outside | 1.09 | 0.01 | 0.25 | 1.10 | |
| 290 | 295 | 5 | outside | 1.24 | 0.02 | 0.30 | 1.27 | |
| incl | 291 | 292 | 1 | outside | 2.84 | 0.03 | 0.50 | 2.89 |
| incl | 294 | 295 | 1 | outside | 2.04 | 0.03 | 0.25 | 2.08 |
| 408 | 409 | 1 | outside | 1.02 | 0.00 | 0.25 | 1.02 | |
| X22-23-056 | ||||||||
| 15 | 28 | 13 | outside | 1.49 | 0.01 | 0.93 | 1.51 | |
| incl | 24 | 28 | 4 | outside | 3.11 | 0.03 | 2.23 | 3.18 |
| X22-23-057 | ||||||||
| 17.6 | 20 | 2.4 | outside | 2.37 | 0.18 | 14.78 | 2.75 | |
| 47 | 48 | 1 | outside | 1.05 | 0.00 | 0.25 | 1.06 | |
| 92 | 94 | 2 | outside | 0.95 | 0.00 | 0.25 | 0.95 | |
| 118 | 130 | 12 | outside | 1.37 | 0.00 | 0.25 | 1.38 | |
| incl | 122 | 123 | 1 | outside | 4.93 | 0.00 | 0.25 | 4.94 |
| incl | 124 | 125 | 1 | outside | 2.95 | 0.00 | 0.25 | 2.96 |
| incl | 129 | 130 | 1 | outside | 3.38 | 0.01 | 0.25 | 3.40 |
| 139 | 140.5 | 1.5 | outside | 1.04 | 0.00 | 0.25 | 1.05 | |
| 165 | 170.5 | 5.5 | outside | 1.57 | 0.08 | 5.19 | 1.72 | |
| incl | 169.6 | 170.5 | 0.9 | outside | 7.16 | 0.29 | 19.10 | 7.72 |
| X22-23-059 | ||||||||
| 96 | 97 | 1 | outside | 25.90 | 0.10 | 6.20 | 26.09 | |
| 111 | 112 | 1 | outside | 1.15 | 0.01 | 4.90 | 1.20 | |
| 137 | 162 | 25 | outside | 0.68 | 0.01 | 0.47 | 0.71 | |
| incl | 143 | 146 | 3 | outside | 1.25 | 0.02 | 0.55 | 1.28 |
| incl | 152 | 153 | 1 | outside | 3.05 | 0.07 | 2.50 | 3.17 |
| 173 | 180 | 7 | outside | 0.69 | 0.02 | 0.47 | 0.71 | |
| incl | 175 | 177 | 2 | outside | 1.18 | 0.01 | 0.25 | 1.19 |
| 200 | 201 | 1 | outside | 3.00 | 0.12 | 2.10 | 3.18 | |
| X22-23-060 | ||||||||
| 60 | 61 | 1 | outside | 1.16 | 0.09 | 3.10 | 1.30 | |
| 191 | 192 | 1 | outside | 4.30 | 0.00 | 0.25 | 4.31 | |
| 249 | 250 | 1 | outside | 2.47 | 0.01 | 0.25 | 2.48 | |
| X22-23-066 | ||||||||
| 198 | 209 | 11 | outside | 3.20 | 0.06 | 2.16 | 3.29 | |
| incl | 201 | 202 | 1 | outside | 24.40 | 0.07 | 6.90 | 24.56 |
| 212 | 213 | 1 | outside | 1.18 | 0.13 | 7.00 | 1.41 | |
| 217 | 218 | 1 | outside | 0.84 | 0.13 | 7.10 | 1.08 | |
| 341 | 342 | 1 | outside | 1.05 | 0.06 | 0.25 | 1.13 | |
| 343 | 360 | 17 | outside | 3.04 | 0.04 | 0.52 | 3.10 | |
| incl | 343 | 344 | 1 | outside | 3.81 | 0.02 | 0.25 | 3.84 |
| incl | 351 | 354 | 3 | outside | 7.24 | 0.01 | 0.25 | 7.26 |
| incl | 358 | 360 | 2 | outside | 6.26 | 0.01 | 0.58 | 6.28 |
| 371 | 372 | 1 | outside | 1.74 | 0.02 | 1.00 | 1.77 | |
| X22-23-067 | ||||||||
| 171 | 178 | 7 | outside | 14.54 | 0.10 | 1.22 | 14.68 | |
| incl | 171 | 171.6 | 0.6 | outside | 1.05 | 0.12 | 2.40 | 1.22 |
| incl | 171.6 | 172.3 | 0.7 | outside | 133.00 | 0.07 | 3.40 | 133.12 |
| incl | 175 | 176 | 1 | outside | 5.73 | 0.15 | 1.30 | 5.94 |
| incl | 177 | 178 | 1 | outside | 0.88 | 0.15 | 0.90 | 1.08 |
| 195 | 213 | 18 | outside | 0.73 | 0.08 | 1.01 | 0.84 | |
| incl | 195 | 198 | 3 | outside | 1.09 | 0.07 | 1.97 | 1.21 |
| incl | 204 | 213 | 9 | outside | 0.93 | 0.11 | 0.98 | 1.07 |
| 317 | 318 | 1 | outside | 1.44 | 0.00 | 0.25 | 1.45 | |
| X22-23-069 | ||||||||
| 106 | 109 | 3 | outside | 2.66 | 0.01 | 0.25 | 2.68 | |
| incl | 106 | 107 | 1 | outside | 6.15 | 0.03 | 0.25 | 6.19 |
| 218 | 226 | 8 | outside | 0.81 | 0.10 | 0.89 | 0.94 | |
| incl | 218 | 219.5 | 1.5 | outside | 1.05 | 0.05 | 0.80 | 1.12 |
| incl | 221 | 222 | 1 | outside | 0.83 | 0.14 | 1.00 | 1.02 |
| incl | 225 | 226 | 1 | outside | 1.20 | 0.08 | 0.50 | 1.31 |
| 259 | 314 | 55 | outside | 0.60 | 0.09 | 0.61 | 0.73 | |
| incl | 272 | 273 | 1 | outside | 1.66 | 0.27 | 1.70 | 2.01 |
| incl | 285 | 286 | 1 | outside | 5.27 | 0.06 | 0.25 | 5.35 |
| incl | 298 | 299 | 1 | outside | 2.31 | 0.12 | 0.50 | 2.46 |
| X22-23-070 | ||||||||
| 125 | 127 | 2 | outside | 0.74 | 0.10 | 4.30 | 0.91 | |
| 171.6 | 172.2 | 0.6 | outside | 10.60 | 0.44 | 9.70 | 11.25 | |
| 297 | 324 | 27 | outside | 0.95 | 0.12 | 1.50 | 1.12 | |
| incl | 297 | 298 | 1 | outside | 4.19 | 0.22 | 11.20 | 4.59 |
| incl | 302 | 303 | 1 | outside | 2.61 | 0.22 | 1.40 | 2.90 |
*Note drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot be determined with available information.
Quality Assurance and Control
During the Zone X22 drill program, one meter assay samples were taken from NQ core and sawed in half. One-half was sent for assaying at ALS Laboratory, a certified commercial laboratory, and the other half was retained for results, cross checks, and future reference. A strict QA/QC program was applied to all samples, which included insertion of one certified mineralized standard and one blank sample in each batch of 25 samples. Every sample was processed with standard crushing to 85% passing 75 microns on 500 g splits. Samples were assayed by one-AT (30 g) fire assay with an AA finish and if results were higher than 3.5 g/t Au, assays were redone with a gravimetric finish. For QA/QC samples, a 50 g fire assay was done. In addition to gold, ALS laboratory carried out multi-element analysis for ME-ICP61 analysis of 33 elements four acid ICP-AES.
Qualified Person
The technical and scientific information in this press release has been reviewed and approved by Nicolas Guest, P.Geo., Senior Project Geologist, who is a Qualified Person as defined by NI 43-101. Mr. Guest is an employee of Troilus and is not independent of the Company under NI 43-101.
About Troilus Gold Corp.
Troilus Gold Corp. is a Canadian-based junior mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. From 1996 to 2010, the Troilus Mine produced +2 million ounces of gold and nearly 70,000 tonnes of copper. Troilus is located in the top-rated mining jurisdiction of Quebec, Canada, where is holds a strategic land position of 1,420 km² in the Frôtet-Evans Greenstone Belt. Since acquiring the project in 2017, ongoing exploration success has demonstrated the tremendous scale potential of the gold system on the property with significant mineral resource growth. The Company is advancing engineering studies following the completion of a robust PEA in 2020, which demonstrated the potential for the Troilus project to become a top-ranked gold and copper producing asset in Canada. Led by an experienced team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.
Posted July 11, 2023
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