Troilus Gold – Encouraging Initial Assay Results Returned From The Phase II Gap Zone Drill Program
Justin Reid, CEO of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), joins us to review the encouraging initial assay results from its Phase II Gap Zone drill program at the Troilus Gold Project. Troilus holds a strategic land position of 142,000 ha (1,420 km²) northeast of the Val-d’Or district, within the Frôtet-Evans Greenstone Belt in Quebec, Canada.
Today on June 29th Troilus announced drill assays from the Gap Zone of 1.73 g/t AuEq Over 6 Metres and 1.04 g/t AuEq Over 13m showing that there is new mineral continuity beyond the Main Zone and trending over to the Southwest Zone. Since the Southwest Zone has become the new center of gravity for the Troilus Gold Project, their team is encouraged by the same style of mineralization extending into the Gap Zone, which further connects the two growing resource areas into one larger deposit. There are currently 4 drill rigs turning in this new untested area and continuing to define resources beyond the known boundaries.
A key milestone for the Company is the continued work towards the Pre-Feasibility Study slated to be released to the market in late July or early August, which will wrap updated economics and projected production metrics on the overall project. In addition, towards the end of Q3 of this year the Company will also be releasing an updated Resource Estimate, that will incorporate over 160,000+ meters of drilling completed since the last resource estimate, and this will also include the inaugural reserve.