Troilus GOLD Corp. Intersects 20.85 G/T AuEq over 7 Metres Below Current Mineral Resource at Z87
TROILUS GOLD CORP. INTERSECTS 20.85 G/T AUEQ OVER 7 METRES BELOW CURRENT
MINERAL RESOURCE AT Z87
October 10, 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.
Twelve (12) holes, totaling approximately 9,100 metres of drilling were designed to upgrade inferred
classified material to indicated, and to improve mineralized resolution below the indicated mineral
resource. Additionally, management believes success from this series of drill holes may add additional
inferred material below the currently classified resource limit (Fig 1, 2, 3 & 4).
Highlights:
• TLG-Z87-019 – 19.99 g/t gold and 0.54% Cu for 20.85 g/t AuEq over 7m, including 70.21 g/t
AuEq over 2 metres, and 8.36 g/t AuEq over 2 metres within a broader zone of 1.28 g/t AuEq
over 54m
• TLG-Z87-014 – 1.80 g/t gold and 0.14% Cu for 2.02 g/t AuEq over 20 metres, including 2.58 g/t
AuEq over 6 metres
• TLG-Z87-015 – 1.44 g/t gold and 0.12% Cu for 1.63 g/t AuEq over 49 metres, including 3.15 g/t
AuEq over 5 metres, and 3.34 g/t AuEq over 7 metres
“Our 2018 drill program continues to exceed our expectations,” said Justin Reid, CEO of Troilus Gold
Corp. “Z87 has continued to show strong continuity of grade and width as we extend our drilling at
depth; we expect these new results to improve our existing mineral estimates significantly.”
The 2018 drill program has been completed at the Troilus Project with ninety (90) diamond drill holes
for a total of 36,000 metres of drilling. A large backlog in the labs has been cleared, and Troilus will
continue to deliver the bulk of our Z87, J4 and J5 results to the market in due course.
A targeted regional exploration program is now underway at the Troilus Project. Focused on extension
and identification of mineralization to the Northeast and Southwest of the existing resource. Structural
and geophysical studies are being combined with regional mapping to outline potential drill targets to
be included within our 2019 exploration drill program.
Figure 1: Geologic plan map showing location of main targets across Troilus package
Figure 2: Property plan map showing location of significant drill results
Figure 3: Cross Section showing drill results and typical geology of Z87 at Troilus Gold Project
Figure 4: Z87 longitudinal section looking grid West
*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)
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 6).
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 5). 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 5: Troilus Project Geology and Target Map
Figure 6: Troilus Estimated Underground Resource