Expansion And Definition Of The Troilus Project Underway
MONTREAL - Troilus Gold Corp. reported on the Zone X22 (X22) at its Troilus Project, located in north central Quebec, Canada. The results form part of an ongoing 6,500 meter drill campaign designed to define and expand this new zone of mineralization discovered in late 2022 which originates in the western wall of the formerly mined Z87 pit and now extends for one kilometer South-West into the Gap Zone. The Company has completed 6,000 meters of the planned 6,500 meter drill program, with over 4000 meters of assays pending. Based on the excellent results to date, an additional 1,300 meters of drilling is planned to continue delineating this expanding zone.
The results have extended mineralization at X22 by an additional 150 meters to the South-West, for a total strike length of one kilometer, and remains open to the southwest and at depth. The footprint of X22 has grown significantly, with drilling demonstrating much higher than average grade, over significant widths. All results reported herein lie entirely outside of the PEA pit shells and will be included in the upcoming Feasibility Study.
Zone X22 Drill Intercept Highlights: Hole X22-23-027 confirmed mineral continuity to the S-W by an additional 150m with one of the best intervals drilled at X22 to date: 34m at 2.72 g/t AuEq, including 6m at 10.83 g/t AuEq, and 2m at 26.83 g/t AuEq; Hole X22-23-024 intersected 34.5m at 1.49 g/t AuEq, including 19.5m at 1.66 g/t AuEq and 4.5m at 2.55 g/t AuEq, 150m beyond the PEA pit shell; and 12m at 1.37 g/t AuEq, within a broader intersection of 42m at 0.72 g/t AuEq in hole X22-23-014, extending down dip mineralization by 50m beyond previously reported hole X22-22-002, which intersected 2.42 g/t AuEq over 9m within a broader intersection of 50m at 0.77 g/t AuEq.
Justin Reid, CEO, said, “These results continue to demonstrate the continuity and strong grade profile of the newly discovered X22 Zone. Its proximity to surface and to the Z87 pit shell make X22 an ideal target in the early years of mine development, with strong potential to positively impact the grade profile. The team has been very successful in modeling and understanding the controls of mineralization at X22, and through targeted drilling have delineated a continuous gold zone covering a one-kilometer strike length, which remains open to the south-west and at depth. We look forward to the continued influx of assays from across X22 in the coming weeks to further understand how they can positively impact our upcoming Feasibility study.”
Zone X22 is hosted within a D2 structural corridor that overprints a tonalitic body within the Troilus intrusion. Where D1 structures intersect this corridor, endowment of higher grades can occur. Similar to other zones at Troilus, the primary control on high-grade distribution is a stretching lineation, which has been measured with the use of oriented core.
This understanding will drive the optimization of subsequent drill campaigns to target higher grades. Drill hole X22-23-027 returned an interval of 10.83 g/t AuEq over 6 meters, one the best intervals drilled at X22 to date, and now connects mineralization of X22 with previously drilled holes located in the Gap Zone, covering over one kilometer of strike length. An additional 1,300 meters of focused drilling has been allocated to expand on the results.
Drilling at X22 has continued to deliver excellent results marked by strong continuity of mineralization at high grades and in close proximity to the Z87 pit, which is expected to have a significant impact on the Z87 pit design, constraints, and ore release early in the mine life. As a result of this rapidly evolving zone and its impact on the project, X22 drilling, including the near-complete 6,500 meter program, as well as the additional planned 1,300 meters of drilling, will be included in the upcoming Mineral Resource Estimate “MRE” and Feasibility Study in order to deliver the most accurate representation of the project.
Drilling at X22 has continued to deliver excellent results marked by strong continuity of mineralization at high grades and in close proximity to the Z87 pit, which is expected to have a significant impact on the Z87 pit design, constraints, and ore release early in the mine life. As a result, of this rapidly evolving zone and its impact on the project, it is now the Company’s intention that all X22 drilling results will be included in the upcoming Mineral Resource Estimate and Feasibility Study in order to deliver the most accurate representation of the project.