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Be the first with the news that moves the market- Troilus Gold (TLG) has reported more results from its ongoing exploration and drill program at the Troilus Gold Project
- Recent drilling in the J Zone has intersected 4.40 g/t gold equivalent over 12 metres
- The company intends to continue drilling at a rate of approximately 10,000 metres per month
- Troilus Gold is a Toronto-based, Quebec focused, advanced stage exploration and early-development company
- Troilus Gold (TLG) is currently up 5.48 per cent, trading at $0.77 per share
Troilus Gold (TLG) has reported more results from its ongoing exploration and drill program at the Troilus Gold Project in Quebec.
The Troilus Gold Project hosts one of the largest undeveloped gold and copper deposits in Quebec. New results from the J Zone have further confirmed and expanded a parallel zone of mineralization on the western side of the main ore body.
Recent drilling in the J Zone has intersected 4.40 g/t gold equivalent over 12 metres within a broader intersection of 2.1 g/t gold equivalent over 31 metres.
Justin Reid, president and CEO of Troilus Gold, commented on the results.
“This growing parallel zone is expected to positively impact the strip ratio and overall economics of the project in the upcoming Pre-Feasibility Study,” said Mr. Reid, “as the majority of the 850-metre zone defined so far is located in areas of the PEA pit shell that were previously considered waste.”
Troilus has drilled over 81,450 metres since the 2020 mineral resource estimate cut-off, and the company intends to continue drilling at a rate of approximately 10,000 metres per month until the end of the year.
The J Zone continues to be a priority exploration target in 2021 as the company prepares for the upcoming release of an updated mineral resource estimate and inaugural reserve.
Troilus Gold is a Toronto-based, Quebec-focused, advanced-stage exploration and early-development company.
It is focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine.
Troilus Gold (TLG) is currently up 5.48 per cent, trading at $0.77 per share as of 1:31 pm ET.
