Troilus GOLD Corp. Intersects 3.56 G/T AuEq over 19 Metres Below J4 Open Pit at Troilus GOLD Property, Quebec
TROILUS GOLD CORP. INTERSECTS 3.56 G/T AUEQ OVER 19 METRES BELOW J4 OPEN PIT AT
TROILUS GOLD PROPERTY, QUEBEC
November 14, 2018, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“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”). A
36,000 metre drill program was designed to confirm and expand existing estimated mineral resources
from the past-producing Troilus mine, as well as to explore the down dip and strike extension of known
mineralization.
Thirty-three (33) holes, totaling approximately 9,000 metres of drilling were designed to test the down
dip continuity and strike extension of mineralization at J4 Zone (Fig 1). The program was also designed
to add drill hole information where historic data was limited and/or incomplete. The J4 Zone was the
smaller of the two main open pits developed at Troilus during operation. At its deepest, the J4 pit only
reached 156 metres in total depth, compared to Z87 which reached a depth of over 350 metres. Drilling
from these holes has tested a depth of only 230 metres and has shown sustained strength of
mineralization at depth while remaining open down-dip.
The sixteen (16) holes contained in this press release, represent the drilling completed on the Southern
half of the J4 Zone open pit target area; located directly South of the J4 Zone Northern half drilling (see
Company’s press release dated November 7th, 2018) (Fig 2). All 16 holes intersected gold mineralization
and show mineralization continuity at depth, creating growth potential beyond the limits of what was
previously estimated (Fig 3). The Southern half of the J4 Zone is showing strong width, similar to that
seen in the main zone of Z87. Foliation is creating separate discrete zones of gold-bearing material, that
when combined across the targeted geologic unit (foliated diorite), can exceed 40-60 metres of
mineralized widths in core (Fig 4).
Drill hole data combined with recent mapping has shown geologic continuity between J4 & J5. Both
zones are in fact the same geologically, offset structurally by a pervasive fold regime visible across the
entire Troilus property. This new structural thinking suggests J4 and J5 are the same unit often referred
to as the “J Zone”.
Highlights:
• TLG-J4-065 – 3.47 g/t gold and 0.06% Cu for 3.56 g/t AuEq over 19 metres, including
9.53 g/t AuEq over 5.65 metres; 1.27 g/t AuEq over 3 metres; 1.07 g/t AuEq over 2.6
metres; 1.26 g/t AuEq over 3 metres; and 0.82 g/t AuEq over 9 metres for 36.6 metres
of mineralization less than 300 metres from surface
• TLG-J4-075 – 3.54 g/t gold and 0.04% Cu for 3.6 g/t AuEq over 9 metres, including 13.2
g/t AuEq over 2 metres; 1.89 g/t AuEq over 5 metres; 0.94 g/t AuEq over 4 metres; and
0.89 g/t AuEq over 4 metres for 22 metres of mineralization less than 300 metres from
surface
• TLG-J4-072 – 1.77 g/t gold and 0.1% Cu for 1.93 g/t AuEq over 15 metres, including
8.55 g/t AuEq over 2 metres; 1.25 g/t AuEq over 12 metres; 1.08 g/t AuEq over 9
metres; 2.68 g/t AuEq over 2 metres; 1.16 g/t AuEq over 4 metres; 1.1 g/t AuEq over
12 metres; and 0.75 g/t AuEq over 8 metres for 62 metres of mineralization less than
300 metres from surface
“We believe the drilling at J4 is a game changer for Troilus and is making the team expand their project
vision considerably,” said Justin Reid, CEO of Troilus Gold Corp. “We recognize the value of these near
surface results and are eager to apply this new information to the evolving story at Troilus.”
“Our structural approach to exploration has opened up new opportunities across our entire land
package,” said Blake Hylands, SVP Exploration at Troilus Gold Corp. “We now better understand the
relationship between J4 and J5 and consider them to be one and the same. Recognizing this changes our
approach to exploring the region completely.”
The 2018 drilling program has been completed at the Troilus Project. Ninety-one (91) diamond drill
holes were completed for a total of over 36,000 metres of drilling and over 26,800 samples. An updated
mineral resource estimate is currently underway and is planned to be released before the end of 2018.
Regional exploration has now been completed, with samples and mapping expected to form the basis of
the 2019 Drill Program, which has been established in conjunction with drilling results and the pending
mineral resource estimate update.
Figure 1: Property plan map showing location of significant drill results
Figure 2: Geologic plan map showing location of main target across TLG land package
Figure 3: Longitudinal section showing drill hole pierce points
NE SW
Figure 4: Cross Section showing drill results and typical geology of J4 at Troilus Gold Project
Hole ID From To Length Au Cu AuEq
TLG-ZJ418-064 258 262 4.00 1.3 0.07 1.44
and 265 268 2.80 1.8 0.03 1.81
and 272 283 10.72 2.2 0.05 2.30
incl 275 277 1.89 3.5 0.05 3.55
incl 282 283 0.72 7.5 0.03 7.53
and 294 298 4.00 0.9 0.02 0.88
TLG-ZJ418-065 135 138 3 1.24 0.02 1.27
and 244 247 2.60 1.0 0.07 1.07
and 264 283 19.00 3.5 0.06 3.56
incl 276 282 5.65 9.4 0.07 9.53
and 288 291 3.00 1.2 0.03 1.26
and 303 312 9.00 0.8 0.04 0.82
TLG-ZJ418-066 136 139 3.00 2.1 0.06 2.19
and 268 277 9.38 1.3 0.09 1.46
incl 274 277 3.38 2.3 0.09 2.39
TLG-ZJ418-067 246 257 11.00 0.8 0.07 0.91
and 265 269 4.00 0.8 0.05 0.83
and 288 292 4.00 0.5 0.08 0.58
TLG-ZJ418-068 137 139 1.59 1.5 0.07 1.56
and 148 151 3.00 0.9 0.04 0.96
and 218 221 3.00 3.1 0.07 3.26
incl 220 221 1.00 7.4 0.08 7.48
and 225 227 2.00 1.3 0.05 1.34
and 252 261 9.00 1.0 0.05 1.12
incl 257 261 4.00 1.6 0.05 1.66
and 287 290 3.50 0.7 0.06 0.80
TLG-ZJ418-069 198 204 6.00 1.1 0.26 1.52
and 228 232 4.02 0.7 0.09 0.87
and 237 243 6.00 0.6 0.06 0.74
and 263 272 9.00 1.2 0.07 1.30
incl 263 267 4.00 1.8 0.07 1.91
TLG-ZJ418-070 142 145 2.78 4.6 0.09 4.77
incl 143 145 1.78 6.6 0.10 6.79
and 222 236 14.00 0.9 0.14 1.11
TLG-ZJ418-071 197 204 7.00 0.9 0.08 1.04
and 207 210 3.00 0.9 0.04 0.97
and 215 218 3.00 3.2 0.05 3.24
incl 215 216 1.00 7.7 0.04 7.79
and 220 232 12.00 0.7 0.07 0.83
and 236 245 9.00 1.0 0.08 1.10
incl 243 245 2.00 2.2 0.08 2.29
and 249 256 7.00 1.0 0.09 1.19
and 274 283 9.00 0.8 0.07 0.89
TLG-ZJ418-072 204 219 15.00 1.8 0.10 1.93
incl 205 207 2.00 8.3 0.15 8.55
and 234 243 9.00 1.0 0.04 1.08
and 246 258 12.00 1.2 0.05 1.25
incl 247 250 3.00 1.7 0.07 1.83
and 266 268 2.00 1.6 0.70 2.68
and 271 275 4.00 1.1 0.04 1.16
and 279 291 12.00 1.0 0.07 1.10
incl 288 291 3.00 1.6 0.04 1.69
and 295 303 8.00 0.6 0.09 0.75
TLG-ZJ418-073 156 161 5.00 0.7 0.16 0.94
and 200 204 4.00 0.8 0.03 0.88
and 210 216 6.00 0.9 0.06 0.96
and 224 228 4.00 0.7 0.03 0.79
and 232 235 3.00 1.0 0.04 1.05
and 238 256 18.00 1.1 0.08 1.28
and 270 274 4.00 0.9 0.03 0.94
and 280 287 7.00 0.7 0.07 0.76
and 305 308 3.00 1.3 0.03 1.38
TLG-ZJ418-074 101 105 4.00 0.6 0.32 1.12
and 259 261 2.00 2.9 0.01 2.95
and 266 276 10.00 0.7 0.06 0.80
and 279 286 7.00 0.9 0.04 0.97
incl 285 286 1.00 3.5 0.09 3.63
TLG-ZJ418-075 214 218 4.00 0.5 0.22 0.89
and 278 287 9.00 3.5 0.04 3.60
incl 285 287 2.00 13.2 0.04 13.23
and 304 309 5.00 1.6 0.17 1.89
and 315 319 4.00 0.8 0.10 0.94
TLG-ZJ418-076 153 157 4.00 0.8 0.14 1.04
and 250 255 5.30 1.3 0.06 1.40
and 268 271 3.00 0.7 0.04 0.75
and 284 300 16.00 0.7 0.20 1.01
TLG-ZJ418-077 51 62 11.00 1.4 0.28 1.82
and 78 83 5.00 0.5 0.19 0.80
TLG-ZJ418-078 51 55 4.00 0.8 0.11 0.93
and 84 88 4.00 1.8 0.17 2.09
and 94 101 7.00 1.0 0.07 1.10
and 138 141 3.00 2.5 0.06 2.59
incl 139 140 1.00 5.0 0.06 5.10
TLG-ZJ418-083 33 36 3.00 0.6 0.02 0.63
and 354 359 5.00 1.0 0.27 1.40
*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) J Zones (J4 and J5 Zones): 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)