Troilus Extends GOLD Zone IN Z87 South Another 300 Metres FOR a Total of 600 Metres Discovered IN 2019
TROILUS EXTENDS GOLD ZONE IN Z87 SOUTH ANOTHER 300 METRES FOR A TOTAL OF 600
METRES DISCOVERED IN 2019
August 26, 2019, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the
“Company”) reports positive drill results from “Zone 87 South” (“Z87 South”) at its Troilus Gold
Project. Results have defined new mineral extensions down-dip up to 150 metres beyond the previously
defined mineralized boundaries, and have also outlined further mineral continuity extending south west
another 300 metres. In total, 2019 drilling in the Z87 South area has defined mineral extensions 600
metres beyond the main Zone 87 (“Z87”) (see press release from August 19, 2019).
Intercept highlights from new Z87 South drill results, include:
▪ 4.79 g/t gold equivalent (AuEq) over 2 metres within 1.03 g/t AuEq over 20 metres; 1.69 g/t
AuEq over 8 metres and 1.07 g/t AuEq over 6 metres in hole TLG-Z87S19-119
▪ 2.67 g/t AuEq over 4 metres within a broader intersection of 1.02 g/t AuEq over 16 metres
in hole TLG-Z87S19-114
▪ 2.99 g/t AuEq over 2 metres within 1.16 g/t AuEq over 6 metres in hole TLG-Z87S19-118
▪ 2.67 g/t AuEq over 4 metres within a broader intersection of 1.05 g/t AuEq over 14 metres
and 1.02 g/t AuEq over 8 metres in hole TLG-Z87S19-117
▪ 1.31 g/t AuEq over 4 metres, 1.11 g/t AuEq over 4 metres, and 1.08 g/t AuEq over 8 metres
in hole TLG-Z87S19-145
▪ 1.03 g/t AuEq over 6 metres in hole TLG-Z87S19-132
▪ 1.01 g/t AuEq over 10 metres in hole TLG-Z87S19-143
▪ 1.07 g/t AuEq over 6 metres and 1.13 g/t AuEq over 8 metres in hole TLG-Z87S19-144
Justin Reid, CEO of Troilus, commented, “We are excited to see a recurring theme of broadening
mineralization along strike and down-dip within all our targeted zones as we improve drill density - in
this case, meaningful mineral extensions in Zone 87 South. Results from our 2019 drill program continue
to increase our confidence in the long-term growth potential of the Troilus gold system.”
The drill holes reported in this press release represent the last remaining results from the 2019 drill
program in Z87 South, the target area located directly adjacent to the main former open pit mine, Zone
87 (“Z87”) (see Figure 1).
Holes TLG-Z87S19-143, TLG-Z87S19-144, TLG-Z87S19-145 and TLG-Z87S19-146 have defined mineral
continuity approximately 300 metres further south west than the previously known boundary (See
Figures 1 and 3, as well as details of the previously reported south west extension in the press release
dated August 19, 2019). Additionally, mineralization has been extended down-dip over 150 metres with
results in holes TLG-Z87S19-116, TLG-Z87S19-117, TLG-Z87S19-119 and TLG-Z87S19-132 as shown in
Figure 2. The 2019 drill targets in Z87 South have successfully broadened mineralization over 600 metres
along strike and over 350 metres down dip, and management believes there remains excellent potential
for further growth based on favourable geology, geophysics and lack of drill density.
As previously reported in the press release dated August 19, 2019, extension of the mineralization at
Z87 South is visually comparable to what is seen in the main zone of Z87, however the geology can be
characterised as a more felsic (silicic) alteration and is distinctly transitioning into a unit of massive
sulphides (primarily pyrite, pyrrhotite and chalcopyrite) in the footwall, which has never previously been
documented (see “Deep Zone of Sulphides Rich” area in Figure 3 section). A preliminary geochemical
study of Z87 South has a recognizable base metal signature that is unique to this area. This zone also
shows the same structural pinch and swell nature of mineralization as the other main mineralized zones.
The discovery of these mineralized extensions are a result of the Company’s improved understanding of
the structural influence on mineralization across the deposit and the regional trend. Based on
measurements taken on outcrops and in the mined open pit walls, step out drilling was directed further
to the south west (see Figure 1) and results are beginning to outline a mineralized zone that historic
drilling may have missed. This zone will remain a priority target area for subsequent phases of drilling
as the Company aims to define the extent of this new mineral zone.
Figure 1: Plan view of Main Mineralized Zones and Drill Hole Collars and Traces
Figure 2: Section 12900; Mineralization Extended 300m Down Dip
Figure 3: Section 12600; Mineralization Extended 300m South West
Table 1: Summary of New Z87 South Drill Results
Hole From (m) To (m) Interval
(m)*
Au Grade
(g/t)
Cu Grade
(%)
AuEq Grade
(g/t)
TLG-Z87S19-114
23 29 6 0.40 0.03 0.44
95 111 16 0.95 0.04 1.02
incl. 95 99 4 2.60 0.05 2.67
151 165 14 0.28 0.14 0.49
254 268 14 0.29 0.03 0.33
TLG-Z87S19-116
85 91 6 0.27 0.01 0.29
159 193 34 0.30 0.04 0.36
TLG-Z87S19-117
96 110 14 0.58 0.09 0.71
124 136 12 0.73 0.06 0.83
incl. 124 132 8 0.89 0.08 1.02
176 186 10 0.61 0.01 0.63
202 208 6 0.48 0.01 0.49
244 280 36 0.58 0.04 0.64
incl. 266 280 14 0.94 0.07 1.05
incl. 274 278 4 2.56 0.07 2.67
336 340 4 0.46 0.07 0.56
TLG-Z87S19-118
26 34 8 0.45 0.01 0.46
80 90 10 0.28 0.02 0.31
158 170 12 0.43 0.01 0.43
242 250 8 0.61 0.01 0.63
274 300 26 0.44 0.09 0.57
incl. 274 280 6 1.00 0.10 1.16
incl. 274 276 2 2.59 0.26 2.99
TLG-Z87S19-119
14 26 12 0.38 0.01 0.39
132 146 14 0.23 0.12 0.42
256 276 20 0.51 0.02 0.54
incl. 256 262 6 1.05 0.01 1.07
326 332 6 0.46 0.04 0.51
342 372 30 0.73 0.04 0.79
incl. 352 372 20 0.94 0.05 1.03
incl. 360 362 2 4.73 0.04 4.79
414 422 8 0.29 0.06 0.38
460 468 8 1.63 0.04 1.69
474 480 6 0.26 0.01 0.28
TLG-Z87S19-132
320 346 26 0.45 0.02 0.49
incl. 320 326 6 0.94 0.05 1.03
428 436 8 0.28 0.06 0.37
TLG-Z87S19-143
34 54 20 0.29 0.03 0.34
64 72 8 0.69 0.05 0.77
92 106 14 0.21 0.06 0.30
120 136 16 0.67 0.11 0.84
incl. 120 130 10 0.81 0.13 1.01
246 258 12 0.40 0.01 0.42
TLG-Z87S19-144
186 198 12 0.38 0.05 0.46
212 220 8 1.02 0.07 1.13
236 252 16 0.49 0.11 0.67
incl. 240 246 6 0.79 0.18 1.07
330 344 14 0.19 0.03 0.24
TLG-Z87S19-145
22 34 12 0.85 0.02 0.88
incl. 22 26 4 1.06 0.03 1.11
and 30 34 4 1.26 0.03 1.31
38 68 30 0.59 0.03 0.64
incl. 54 62 8 1.01 0.05 1.08
284 292 8 0.47 0.02 0.50
TLG-Z87S19-146
28 42 14 0.34 0.02 0.37
*Note drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot
be determined with available information
Quality Control
During the Z87 South zone drill program, two metres assay samples are taken from NQ core and sawed
in half. One-half is sent for assaying at ALS Laboratory, a certified commercial laboratory, and the other
half is retained for results, cross checks, and future reference. A strict QA/QC program is applied to all
samples; which include insertion of one certified mineralized standard and one blank sample in each
batch of 25 samples. The gold analyses were by metallic sieve. A fine crushing 70% <2mm is performed.
The sample is divided so that 1.2 to 1.5 kg is used for analysis. The sample of 1.2 to 1.5 Kg is then 95%
pulverized <106 mesh. 50 g is recovered for ME-ICP61 analysis of 33 elements four acid ICP-AES. The
remainder of the sample is sent to the screen to divide the fraction larger and smaller than 106 mesh.
The portion smaller than 106 mesh is analyzed in 50 g by Fire Assay. The portion larger than 106 mesh is
fully analyzed. The values are then combined by weighted calculation. For both type results are
transmitted to Troilus Gold by a certificate certified by the laboratory.
Qualified Person
The technical and scientific information in this press release has been reviewed and approved by
Bertrand Brassard, M.Sc., P.Geo., Senior Project Geologist, who is a Qualified Person as defined by
National Instrument 43-101. Mr. Brassard is an employee of Troilus and is not independent of the
Company under National Instrument 43-101.
About Troilus Gold Corp.
Troilus is a Toronto-based, Quebec focused, advanced stage exploration and early-development
company focused on the mineral expansion and potential mine re-start of the former gold and copper
Troilus mine. The 16,000-hectare Troilus property is located northeast of the Val-d’Or district, within the
Frotêt-Evans Greenstone Belt in Quebec, Canada. From 1996 to 2010, Inmet Mining Corporation
operated the Troilus project as an open pit mine, producing more than 2,000,000 ounces of gold and
nearly 70,000 tonnes of copper.
For more information:
Spyros Karellas
Director, Global Communications
+1 (416) 433-5696
Cautionary statements
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no
certainty that all or any part of Mineral Resources will be converted to Mineral Reserves. Inferred Mineral
Resources have a lower level of confidence that that applied to an Indicated Mineral Resource and must
not be converted to a Mineral Reserve. Quantity and grades are estimates and are rounded to reflect the
fact that the Mineral Resource Estimate is an approximation. For more information with respect to the key
assumptions, parameters and risks associated with the mineral resource estimates discussed herein, see
the Company’s technical report entitled “Technical Report on the Troilus Gold Copper Mine Mineral
Resource Estimate, Quebec, Canada” dated November 20, 2017 (the “Technical Report”) available under
the Company’s profile at www.sedar.com.
This press release contains “forward-looking information” within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, but is not limited to, statements regarding,
the impact of the drill program and results on the Company, , the projected economics of the project, and
the Company’s understanding of the project; statements with respect to the development potential and
timetable of the project; the estimation of mineral resources; realization of mineral resource estimates;
the timing and amount of estimated future exploration; costs of future activities; capital and operating
expenditures; success of exploration activities; government regulation of mining operations; and
environmental risks and the receipt of any required regulatory approvals. Generally, forward-looking
information can be identified by the use of forward-looking terminology such as “plans”, “expects” or
“does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”
or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of Troilus to be materially
different from those expressed or implied by such forward-looking information, including but not limited
to: there being no assurance that the exploration program will result in expanded mineral resources; ;risks
and uncertainties inherent to mineral resource estimates; receipt of necessary approvals; general business,
economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour
disputes and shortages; environmental and other risks of the mining industry, including without limitation,
risks and uncertainties discussed in the Technical Report and other continuous disclosure documents of the