Troilus Gold (TSX:TLG) has reported new assay results from the Troilus Project in Quebec, Canada. The results come from drilling at the Connector Zone, a target located in between two previously mined Z87 and J4 open pits. The drilling at Connector Zone is part of the 5,000-metre drill program with the goal of targeting and expanding shallow high-grade mineralization intersection in the zone in November 2022. 

Figure 1. Plan View of Z87 and J Zone Showing Current and Previously Reported Drill Holes. Source: Troilus Gold

The company’s results show that there is a high-grade mineral continuity extending on a north, northwest trend between the two formerly mined pits. 

Justin Reid, CEO of Troilus Gold, commented in a press release: “The latest drill results from this new and exciting target further demonstrate the continuity of mineralized high-grade structures between the two formerly mined open pits. Detailed structural work completed by the geology team has greatly contributed to the understanding and successful targeting of these high-grade trends. These shallow high-grade zones exist within and in close proximity to the PEA pit shells and we believe they could be brought into the mine plan to positively impact the strip ratio and project economics. In the coming months our team will continue to focus on maximizing opportunities for discovery and delineation of high-grade near surface targets for inclusion in our upcoming Feasibility Study, expected in the second half of 2023.”

Figure 2 – Section 14000N Facing North-East Showing Results for Hole 87-451. Source: Troilus Gold

Connector Zone Intercept Highlights:

Hole 87-449

  • 2.07 g/t AuEq over 11.2m, including 4.07 g/t AuEq over 5m
    This interval is located directly at surface; the hole collared into bedrock within this high-grade mineralized zone.  
  • 1.22 g/t AuEq over 10.0m, including 1.49 g/t AuEq over 6.2m
  • 1.31 g/t AuEq over 6m

Hole 87-451

  • 4.33 g/t AuEq over 29m, including 6.37 g/t AuEq over 18m
  • 5.5 g/t AuEq over 6m
  • 1.01 g/t AuEq over 49m, including 1.99 g/t AuEq over 10m
Figure 3 – Section 14100N Facing North-East Showing Results for Hole 87-449. Source: Troilus Gold

Table 1 – Connector Zone 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)        
87-449        
  26.8 38 11.2 Inside 1.68 0.26 5.91 2.07        
incl 29 34 5.0 Inside 3.36 0.47 10.80 4.07        
  57 58 1.0 Inside 0.73 0.30 6.00 1.17        
  79 89 10.0 Inside 1.00 0.14 4.62 1.22        
incl 80 86.2 6.2 Inside 1.25 0.15 4.83 1.49        
  94 100 6.0 Inside 1.08 0.16 2.57 1.31        
incl 95 98 3.0 Inside 1.51 0.23 3.30 1.82        
  104 105.8 1.8 Inside 1.51 0.03 9.24 1.65        
  133 141 8.0 Outside 0.94 0.05 1.78 1.02        
incl 140 141 1.0 Outside 2.95 0.06 1.50 3.05        
  470 482 12.0 Outside 0.48 0.23 3.30 0.80        
incl 474 477 3.0 Outside 1.66 1.05 0.43 2.98        
  550.3 569 18.7 Outside 1.15 0.13 3.65 1.35        
incl 560.1 566 5.9 Outside 2.09 0.18 4.04 2.36        
87-451        
  97 101 4.0 Outside 1.79 0.22 6.88 2.14        
incl 100 101 1.0 Outside 4.31 0.34 11.10 4.86        
  115 144 29.0 Outside 3.90 0.32 2.90 4.33        
incl 119 137 18.0 Outside 5.77 0.45 3.96 6.37        
  159 160 1.0 Outside 3.41 0.19 2.40 3.67        
  545 557 12.0 Outside 0.80 0.06 0.85 0.88        
incl 550 555 5.0 Outside 1.40 0.09 1.14 1.52        
  562 568 6.0 Outside 2.53 2.36 0.12 5.50        
  581 630 49.0 Outside 0.84 0.12 1.27 1.01        
incl 614 624 10.0 Outside 1.71 0.20 1.91 1.99        

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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