Troilus GOLD Corp. Discovers Near Surface Extension of J4 Zone and Extends Surface Mineralization at J5 Zone – Defining Multiple Zones of Shallow Mineralization
TROILUS GOLD CORP. DISCOVERS NEAR SURFACE EXTENSION OF J4 ZONE AND EXTENDS
SURFACE MINERALIZATION AT J5 ZONE – DEFINING MULTIPLE ZONES OF SHALLOW
MINERALIZATION
September 20, 2018, Toronto, Ontario – Troilus Gold Corp. (TSX-V: TLG) (“Troilus” or the
“Company”) is pleased to provide further drilling results from its 100% owned Troilus gold and
copper property located Northeast of the Val-d’Or district in Quebec, Canada (the “Troilus Project”).
The 36,000 metre drill program was designed to confirm and expand existing mineral resources from
the historically producing Troilus mine, as well as explore down dip and along strike from known
mineralization.
J4 and J5 Zones (J4 and J5), two smaller scale historic open pits are located 200 metres and 1 kilometre
directly Northeast of Z87 and are characterized by the same mineralization and geology as Z87 (Figure
1). Exploration in these areas and to the Northeast, along trend, was historically limited due to the
unfavourable gold market and corporate focus on production.
Fourteen (14) drill holes, totaling approximately 3,300 metres of drilling were designed to test the dip
and strike potential of the J5 Zone at the Troilus Gold property (Figure 2&3). J5 historically produced a
modest 50,000 tons of material at the end of mine production, just prior to shutting down in 2010. The
historical resource in this area was delineated by limited drill data (6 drill holes) and defined mineral
resource estimates to less than 50 metres from surface. All fourteen drill holes (14) successfully
intersected gold-bearing mineralization within the same stratigraphy as historically produced at J4 and
J5. J4 and J5 remain open down dip and along strike beyond the limits of this drill program potentially
signifying open pittable resource opportunities.
Additionally, three (3) holes, TLG-ZJ5-022, 031, and 034, were pushed beyond the expected limits of the
J5 mineralized zone at depth. These holes targeted the J4 Zone extension of Z87. All three holes
intersected both the J4 and J5 mineralized horizons at the targeted depth. Current surface exploration
will focus on further extending this mineralization to the Northeast.
Highlights:
• Hole TLG-ZJ5-022 intersects J5 and J4 Zone intersects down extensions dip of J4 Southwest of
J5 and Northeast of Z87
o J5 – 0.93 g/t gold and 0.064% Cu for 1.03 g/t AuEq over 6 m, including 1.76 g/t AuEq
over 2 m; 1.45 g/t gold and 0.174% Cu for 1.73 g/t AuEq over 4 m
o J4 – 0.94 g/t gold and 0.068% Cu for 1.05 g/t AuEq over 9m, including 2.53 g/t AuEq
over 2m
• TLG-ZJ5-023 - 1.58 g/t gold and 0.096% Cu for 1.73 g/t AuEq over 10m, including 2.78 g/t AuEq
over 5m; 1.06 g/t gold and 0.061% Cu for 1.16 g/t AuEq over 16m, including 3.1 g/t AuEq over
2m, and 3.35 g/t AuEq over 1m; 0.76 g/t gold and 0.048% Cu for 0.84 g/t AuEq over 8m less
than 100m true depth
• TLG-ZJ5-029 - 1.89 g/t gold and 0.067% Cu for 2.0 g/t AuEq over 9 metres, including 6.39 g/t
AuEq over 2m; 0.62 g/t gold and 0.093% Cu for 0.77 g/t AuEq over 7m, including 1.36 g/t AuEq
over 1m
• TLG-ZJ5-026 - 1.15 g/t gold and 0.078% Cu for 1.27 g/t AuEq over 12m, including 1.91 g/t AuEq
over 5.2m; 0.69 g/t gold and 0.031% Cu for 0.74 g/t AuEq over 5m
“The drilling at J5 may have successfully identified some of the most meaningful new mineralization at
Troilus to date,” said Blake Hylands, VP Exploration of Troilus Gold Corp. “The mineralization at J5 and
the strike extensions at J4, have led to multiple new targets to the Northeast of J5.”
“We are extremely excited about these near surface results.” said Justin Reid, CEO of Troilus Gold Corp.
“We have previously shown the great potential to continue to expand the Z87 zone at depth as a
potential underground target and are now introducing new possibilities for potential shallow scenarios
at not only the immediate mine site but also across our land package.”
Ouyr 2018 drilling program has completed at the Troilus Project. Ninety (90) diamond drill holes were
completed for a total of 36,000 metres of drilling. A large backlog in the labs has now been cleared and
we expect to continue delivering the bulk of our Z87, J4 and J5 results to the market in due course.
A targeted regional exploration program is underway at the Troilus project focused on extensions of
mineralized zones to the northeast and Southwest. Structural studies and geophysical techniques are
being combined with geological mapping to outline potential drilling targets as part of the 2019
exploration drill program.
Figure 1: Geologic plan map showing location of main target across TLG land package
Figure 2: Plan view of drilling at J5 Zone
Figure 3: 3D image of resource constraining shells (purple, red, and green). Green traces showing 2018
J4 & J5 drilling
*Metal grades uncut
**AuEq based on $1300/oz Au, $3/lb Cu and 100% recovery. Au g/t + (Cu g/t * Cu price (g)) /Au price (g)
Figure 4: Drill sections looking Northeast of drilling results from holes
Figure 4a: Drill hole sections looking Northeast TLG-Z8718-022
Figure 4b: Drill hole sections looking Northeast TLG-Z8718-023
Figure 4c: Drill hole sections looking Northeast TLG-Z8718-026
Figure 4d: Drill hole sections looking Northeast TLG-Z8718-029
36,000 Metre 2018 Drill Program
Overview:
1) Zone 87 (Z87): Expand defined underground estimated mineral resource down dip and along
strike below the historic producing Z87 open pit.
2) Zone J4 (J4) & Zone J5 (J5): Expand estimated mineral resource below historic producing J4 and
J5 open pits to show potential near surface mineralization.
3) Southwest Zone: Based on historic drilling success, initiate near surface exploration 3.5
kilometre Southwest of Z87 open pit along the Troilus Diorite boundary (Figure 2)
1) Z87:
From 1996 to 2010, Z87 produced the majority of the over 2 million ounces of gold and 70,000 tonnes of
copper produced at the Troilus Project. The Z87 pit was ultimately 350 metres deep and had a strike of
approximately 900 metres. The Z87 zone is the focus of the current underground estimated mineral
resource, representing over 1.6 million ounces of indicated and 360,000 ounces of inferred material
(Figure 5).
Mineralization at the Troilus Project is hosted in breccias and amphibolite grade metamorphic rocks
within a much broader, 4.5 kilometre by 400 metre, metamorphosed diorite, known as the Troilus
Diorite. Fine-grained disseminated gold accounts for approximately 90% of mineralization at Troilus,
primarily as native gold and electrum with grains as large as 20 microns. Chalcopyrite, Pyrite, and
Pyrrhotite are broadly disseminated throughout the mineralized body, which are rarely associated with
gold (<1-3%). Vein-hosted gold accounts for approximately 10% of mineralization which are responsible
for high grade intercepts (>50gpt over 1 m) at Troilus.
The broad geology and style of mineralization at Z87 creates a large deposit area, nearly 1 kilometre
along strike and 30-50 metres wide, which remains open both along strike and down dip. The 2018 drill
program at Z87 was designed to:
• Expand and infill certain areas of Troilus’ existing underground estimated mineral resource;
• Convert and upgrade inferred material along the flanks and down dip extension of underground
estimated mineral resources to an indicated category; and
• Expand down dip estimated mineral resources and show potential for further expansion through
focused infill and step out drilling.
2) J4 & J5:
J4 and J5, two smaller scale historic open pits located 200 metres and 1kilometres directly Northeast of
Z87 are characterized by the same mineralization and geology as Z87; both remaining open at depth and
along strike.
Management believes the inherited Troilus database suggests the potential for additional near surface
mineralization at J4 and J5. The objective of the 2018 drill campaign, at J4 and J5, was to expand the pit
constrained and underground estimated mineral resource below these lesser historic pits, with the
intent of recognizing material that could contribute to an early production scenario.
3) Southwest Zone
The Southwest Zone is located along the margin of the Troilus Diorite and surrounding volcanics, 3.5
kilometres Southwest of Z87 (Figure 4). Historically this area exhibited significant mineralization from
drilling including intercepts as high as 36m @ 1.23g/t Au, and 18m @ 1.06g/t Au. Historic drilling in this
area was limited, leaving the opportunity to explore, and potentially outline new mineralization at
surface.
The Southwest Zone exemplifies near term, blue sky opportunity at Troilus, and is currently the focus of
a significant, property wide exploration program. The Troilus Diorite remains underexplored and highly
prospective.
Figure 4: Troilus Project Geology and Target Map
Figure 5: Troilus Estimated Underground Resource