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Troilus Gold Corp is a leading gold exploration and development company with a focus on its Large Scale Open-Pit Project. Their low-cost production model has yielded strong economic results in the current inflationary environment. The company boasts attractive capital intensity and significant exploration upside. The 2024 Feasibility Study outlines the project's potential, showcasing robust cash flow projections, and a comprehensive process flowsheet.
Troilus Gold Corp. (CHXMF) announced significant assay results from its Zone X22 at the Troilus Project in Quebec, demonstrating consistent high-grade gold mineralization. The 7,800-meter drill campaign successfully identified a continuous mineralized zone extending over a kilometer. Noteworthy results include 130.83 g/t AuEq over 1m and 19.88 g/t AuEq over 7m in drill hole X22-23-030. Most assays reported lie outside the Preliminary Economic Assessment (PEA) pit shells and will be included in an upcoming Feasibility Study. The company has 2,300 meters of assays pending. CEO Justin Reid expressed optimism about the results, highlighting the project's potential. Continued drilling is planned as Zone X22 remains open for further exploration.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) announced promising drill results from the Cressida exploration target at its Troilus property in north-central Quebec. The Cressida target is located approximately 10 kilometers southwest of the former Troilus mine. A recent 6,500-meter drilling program has expanded the known mineralization from 400 meters to 1.3 kilometers, revealing high-grade gold intercepts such as 10.68 g/t Au over 7 meters in hole CRS-032. CEO Justin Reid expressed enthusiasm over the significant width and high-grade results, which indicate growth potential for the project. Further drilling is planned for the 2023 Summer exploration program to continue expanding this high-priority target.
Troilus Gold Corp. (OTCQX: CHXMF) has released promising assay results from its ongoing drilling at Zone X22 in Quebec. The ongoing 7,800-metre drill campaign aims to define and expand mineralization in this area, which has shown significant potential since its late 2022 discovery. The strike length has increased to 1 kilometre, with results indicating high-grade intercepts including 1.36 g/t AuEq over 18m. All findings will influence the upcoming Feasibility Study. More than 4,000 metres of assays are still pending. CEO Justin Reid highlighted the strong continuity of mineralization and its potential positive impact on Troilus's early mine life.
Troilus Gold Corp. (OTCQX: CHXMF) announced assay results from its X22 Zone at the Troilus Project in Quebec. A 6,500 metre drilling campaign aims to define this newly discovered mineralization zone, extending it by 150 metres to the south-west. Over 6,000 metres have been completed, with outstanding results such as 34m at 2.72 g/t AuEq from hole X22-23-027. The mineralization remains open for further exploration. An additional 1,300 metres of drilling is planned, with results expected to enhance the upcoming Feasibility Study and Mineral Resource Estimate. CEO Justin Reid emphasized the strong grade profile and continuity of the mineralization.
Troilus Gold Corp. reported promising assay results from Zone X22 at its Troilus Project in Quebec, indicating a new mineralized corridor extending over 800 meters. Significant intercepts include 18m at 1.34 g/t AuEq and 9m at 2.42 g/t AuEq. These findings will be included in the upcoming Definitive Feasibility Study. CEO Justin Reid highlighted the potential of Zone X22 to enhance the grade profile of the project, emphasizing its shallow depth and continuity. The company maintains a robust balance sheet and plans to continue targeted drilling to maximize the impact of the Feasibility Study.