TROILUS GOLD CORP - CHXMF STOCK NEWS

Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) announced positive assay results from its 11,000-metre drill campaign at the Troilus Project in Quebec. The results reveal the thickest, highest-grade mineralization discovered so far, including the single highest-grade interval at the site. A new high-grade mineralized panel has been identified, prompting the company to shift focus from a pre-feasibility study to a Definitive Feasibility Study, expected in H2 2023. The data suggests potential for enhanced economic modelling, underscoring ongoing exploration efforts to optimize resource extraction.

Troilus Gold Corp. has officially joined the United Nations Global Compact (UNGC), a key global corporate sustainability initiative, pledging to align its operations with the UN Sustainable Development Goals. As part of this initiative, Troilus commits to principles related to human rights, labor, environment, and anti-corruption, joining over 16,000 companies worldwide. CEO Justin Reid emphasized the company’s dedication to responsible and sustainable practices, aiming to address significant global challenges.

Troilus Gold Corp. (CHXMF) announced new assay results from its ongoing drilling at the Z87 pit of the Troilus Project in Quebec. This 11,000-meter drill program aims to expand higher-grade mineralization. Key highlights include:

• Hole 87-22-415 reported 1.27 g/t AuEq over 101m, extending high-grade mineralization 120m south.
• Hole 87-22-421 recorded 1.58 g/t AuEq over 65m, extending high-grade resources 140m north.

The findings are expected to enhance the Pre-Feasibility Study, with results anticipated by Q3 2022.

Troilus Gold Corp. (OTCQX: CHXMF) announced successful metallurgical recovery results for its Zone 87, achieving a gold recovery of 95.5%, copper recovery of 95.9%, and silver recovery of 92.8%. These results, part of a pilot plant testing program, surpass earlier metrics from the 2020 Preliminary Economic Assessment, which recorded gold and copper recoveries of 90% and silver at 40%.

These findings enhance the viability of the Troilus Project in Quebec, supporting the upcoming Pre-Feasibility Study and future economic assessments.

Troilus Gold Corp (CHXMF) announces initial assay results from its Phase II Gap Zone drill program at the Troilus Project in Quebec. The drill program, covering ~11,000 meters, confirms mineralization extensions between the Z87 and Southwest Zone pits. Key findings include 1.04 g/t AuEq over 13 meters and various higher-grade intervals in multiple drill holes. The ongoing exploration indicates potential for further mineralization discoveries. CEO Justin Reid highlights the encouraging results and believes the mineralization can be traced to the surface.

Troilus Gold Corp. (OTCQX: CHXMF) has announced successful metallurgical recovery results from the Southwest Zone of its Troilus Project in Quebec. A sample of approximately 3 tonnes yielded copper recovery of 93.5%, gold recovery of 88.3%, and silver recovery of 89.4%. These results reportedly exceed previous assessments and will support an upcoming Pre-Feasibility Study. CEO Justin Reid expressed satisfaction with the consistent recovery rates, which align with earlier results from the J Zone. Ongoing testing on the Z87 Zone is forthcoming.

Troilus Gold Corp. (OTCQB: CHXMF) has initiated the Environmental and Social Impact Assessments (ESIA) for its Troilus Project by filing the Initial Project Description in Canada. This marks the commencement of the permitting process, crucial for moving towards the mine's potential restart. The company aims to incorporate stakeholder input to minimize environmental impacts while advancing with its Pre-Feasibility Study. Troilus, previously in production from 1996 to 2010, has a history of over 2 million ounces of gold and holds significant mineral resources. The concurrent federal and provincial assessments are expected to yield guidelines within set timeframes.

Troilus Gold Corp. (OTCQX: CHXMF) announced new assay results from its Southwest Zone at the Troilus Project in Quebec, highlighting significant mineral continuity and high-grade intercepts. The results, focused on upgrading Inferred to Indicated resources, reveal notable intercepts such as 13.64 g/t AuEq over 3m. The mineral resource update and Pre-Feasibility Study are anticipated mid-2022, enhancing the project's potential as a key growth target. CEO Justin Reid stated the zone’s impressive results are crucial for future production phases.

Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) announced significant assay results from its Troilus Project in Quebec, confirming strong mineral continuity in the Southwest Zone and promising initial results from the Gap Zone. Notably, hole SW-590 returned the highest grades ever recorded at 92 g/t Au over 1.1m, extending mineralization beyond the previously known boundaries. The company has reached the drilling cut-off for the updated mineral resource estimate and Pre-Feasibility Study (PFS) due mid-2022, having drilled nearly 93,000 metres since its last resource calculation in 2020.