Troilus Gold Corp. Intersects 1.34g/t AuEq Over 34 Metres, Including 2.01 g/t AuEq Over 6 Metres Below Z87 Open Pit on Troilus Property, Quebec
- 1.17 grams per tonne gold (g/t Au) and 0.11 percent copper (% Cu) for 1.34 grams per tonne gold equivalent (g/t AuEq) over 34 metres, including 2.01 g/t AuEq over 6 metres within the targeted Troilus Diorite in hole TLG-Z8718-010.
- 0.94 g/t gold and 0.04% Cu for 1.0 g/t AuEq over 42m, including 2.87 g/t AuEq over 3m and 2.12 g/t AuEq over 8m and 0.9 g.t gold and 0.08% Cu for 1.03 AuEq over 39m, including 2.68 g/t AuEq over 3 metres within the Troilus Diorite in hole TLG-Z8718-011
|From (m)||To (m)||Length (m)||Au g/t||Cu %||AuEq g/t|
- Zone 87 (Z87): Expand defined underground estimated mineral resource down dip and along strike below the historic producing Z87 open pit.
- Zone J4 (J4) & Zone J5 (J5): Expand estimated mineral resource below historic producing J4 and J5 open pits to show potential near surface mineralization.
- Southwest Zone: Based on historic drilling success, initiate near surface exploration 3.5 km southwest of Z87 open pit along the Troilus Diorite boundary (Figure 2)
- Expand and infill certain areas of Troilus’ existing underground estimated mineral resource;
- Convert and upgrade inferred material along the flanks and down dip extension of underground estimated mineral resources to an indicated category; and
- Expand down dip estimated mineral resources and show potential for further expansion through focused infill and stepout drilling.
- J4 & J5:
- Southwest Zone
- CIM definitions were followed for Mineral Resources.
- Mineral Resources were estimated at a cut-off grade of 0.8 g/t Au.
- Mineral Resources were estimated using long-term metal prices of US$1,500 per ounce gold and US$3.50 per pound copper; and an exchange rate of US$1.00 = C$1.1.
- AuEq = (34.59 x Au grade + 54.02 x Cu grade)/ 34.59.
- A recovery of 83% was used for gold and 92% for copper.
- Numbers may not add due to rounding.
- Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.