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Tag: Troilus Gold Corp.

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Troilus Gold Corp. (TSX:TLG) – Drilling Expands NE J Zone; Resource Growth Ahead

Troilus reported drilling results from its 100%-owned Troilus gold-copper project in Quebec. The results are from infill and step-out holes targeting the J Zone, the northernmost zone on the project and site of the smaller of two past producing open pits. The holes were collared to the west of the formerly mined pit, and drilled to target the northeast strike extents of the recently identified western extension of the zone, and down-dip extension of known mineralization. In our view, these are excellent results; mineralization continues to be delineated below the historical pit while new zones of mineralization continue to be identified and extended, and we believe these results demonstrate the potential to further improve project economics.

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Red Cloud | redcloudfs.com

Troilus Gold Corp. (TSX:TLG) – Near-surface Parallel Zone Expands Strike by 250%

Troilus reported drill results from its 100%-owned Troilus gold-copper project in Quebec. The results are from step-out holes targeting the J Zone, the northernmost zone on the project and site of the smaller of two past producing open pits. The holes were collared to the west of past drill holes, and they were drilled to target the depth extension of the main zone, below the past producing pit. Similar to results announced on May 12, these holes not only encountered mineralization at depth, but they also identified a new parallel zone of mineralization. These are excellent results, as they continue to demonstrate expansion potential of the deposits and overall exploration potential of this project. These results are also positive for project economics (lower strip ratio), as this new zone is located within the PEA pit shell in areas that were previously considered waste.

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