- Troilus Gold Corp. (TLG) has reported consistent assay results from the Troilus Project in Quebec, which expanded and identified higher-grade mineralization
- The new results are some of the thickest and most continuous high grades of gold equivalent mineralization found at the project
- A new shallow and high-grade panel of mineralization was defined at the border of the Z87
- As a result, the company will define this shallow high-grade material for a definitive feasibility study to be completed in late 2023
- Troilus Gold Corp. (TLG) is up 5.71 per cent and is trading at $0.37 per share as of 2:19 p.m. ET
Troilus Gold (TLG) has reported assay results from the Troilus Project in Quebec, expanding and identifying higher-grade mineralization for a previously mined pit.
The company stated the new results are some of the thickest and most continuous high grades of gold equivalent mineralization found at the project and included the highest-grade interval ever drilled at the Troilus Mine site.
Additionally, a new shallow and high-grade panel of mineralization was defined at the border of Zone 87 preliminary economic assessment pit shell, which was not considered as a part of the pre-feasibility engineering work.
This new panel west of Zone 87 was identified over a 300-metre strike length and remained open at depth and towards the Gap Zone.
The company shared it will define this shallow high-grade material for a definitive feasibility study which will include the new results. The study is expected to be completed sometime during the second half of 2023.
According to Troilus, it continues to advance its engineering work, including an extensive water management plan for the project and the project’s environmental and social impact assessment.
Troilus Gold Corp. (TLG) is up 5.71 per cent and is trading at $0.37 per share as of 2:19 p.m. ET.