Troilus Intersects 3.87 G/T AuEq over 6 Metres and 2.16 G/T AuEq over 6 Metres Within a Broader Intersection of 1.27 G/T AuEq over 74 Metres IN the J4 Zone
TROILUS INTERSECTS 3.87 G/T AUEQ OVER 6 METRES AND 2.16 G/T AUEQ OVER 6 METRES
WITHIN A BROADER INTERSECTION OF 1.27 G/T AUEQ OVER 74 METRES IN THE J4 ZONE
June 18, 2019, Toronto, Ontario – Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the
“Company”) reports positive new drill results from its Troilus Gold Project, located within the Frotêt-
Evans Greenstone Belt in Quebec, Canada. Approximately 40,000 metres of drilling are underway as part
of the 2019 exploration program, focusing on expanding near-surface mineralization (in the J Zone
and Z87 South areas) to support an open-pit mine scenario. New J4 results continue to support the
trend of an expanding gold system that extends laterally along strike and down dip of known drilling.
Intercept highlights in the J Zone include:
▪ 3.87 g/t gold equivalent (AuEq) over 6 metres and 2.16 g/t AuEq over 6 metres within a
broader intersection of 1.27 g/t AuEq over 74 metres in hole TLG-ZJ419-109
▪ 2.00 g/t AuEq over 4 metres in hole TLG-ZJ419-108
▪ 1.18 g/t AuEq over 10 metres in hole TLG-ZJ419-101
▪ 1.47 g/t AuEq over 10 metres in hole TLG-ZJ419-102
Near surface drilling in the J Zone continues to demonstrate a broadening mineralized zone beyond the
limit of historic drilling. These results further confirm the Company’s technical strategy of developing the
open pit potential at the J Zone with increased drilling down dip and within the 2018 mineral resource
whittle constraining shell.
The Company is beginning to recognize a high grade gold trend developing within a much larger
mineralized envelope, demonstrated by hole TLG-J419-109 where 12 metres of 2.16-3.87 g/t gold
equivalent was intersected within a 74 metre interval down hole. Ongoing drill results are helping to
shape this new and evolving structural interpretation, which will improve the Company’s ability to
identify future exploration targets.
Justin Reid, CEO of Troilus, commented, “Our understanding of this mineral system is taking huge steps
forward this year. The team is showing obvious growth at the J Zone and are beginning to better
understand controls on high grade at Troilus. We believe this is the first time anyone has had the
opportunity to really test geological ideas on this property, and we expect to continue to have success as
we test new targets.”
Troilus intends to drill over 40,000 metres as part of its 2019 exploration program, targeting zones
Z87 South, the J Zone and J4 North (see press release dated February 7, 2019 for an overview of
mineral zones and drill targets).
Figure 1: Plan view of Troilus Property Identifying Section, Drill Hole Locations and Geological
Interpretation of Mineralized Zones
Figure 2: Section N14150 Facing North
Table 1: Summary of Drill Hole Intercepts
Hole From (m) To (m) Interval
(m)*
Au Grade
(g/t)
Cu Grade
(%)
AuEq Grade
(g/t)
TLG-J419-101
36 50 14 0.17 0.10 0.32
102 108 6 0.15 0.11 0.32
116 122 6 0.15 0.13 0.35
228 254 26 0.30 0.05 0.37
308 348 40 0.45 0.08 0.57
352 378 26 0.69 0.05 0.77
incl. 354 364 10 1.06 0.08 1.18
390 404 14 0.45 0.02 0.48
516 532 16 0.22 0.08 0.34
TLG-J419-102
72 80 8 0.50 0.01 0.52
188 220 32 0.18 0.15 0.41
330 340 10 0.72 0.05 0.79
350 354 4 0.91 0.08 1.03
384 420 36 0.55 0.05 0.63
incl. 400 410 10 1.37 0.06 1.47
428 448 20 0.40 0.04 0.47
468 478 10 0.44 0.04 0.50
TLG-J419-108
62 86 24 0.32 0.17 0.58
308 330 22 0.85 0.19 1.14
incl. 322 326 4 1.29 0.47 2.00
TLG-J419-109
62 96 34 0.37 0.11 0.55
248 260 12 0.34 0.03 0.38
340 384 44 0.29 0.04 0.36
426 448 22 0.48 0.09 0.62
458 532 74 1.13 0.09 1.27
incl. 480 486 6 2.06 0.06 2.16
incl. 492 498 6 3.40 0.30 3.87
556 580 24 0.43 0.05 0.51
*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 J4 Zone drill program, one metre 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 fire-assay on 50 grams of pulp with an atomic absorption finish.
Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 3.5 g/t Au or
more. For the main mineralized zone, two metre assay samples are taken from NQ core and sawed in
half. 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 planned 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
Company available under the Company’s profile at www.sedar.com . Although Troilus has attempted to
identify important factors that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking information. Pitchblack and
Troilus do not undertake to update any forward-looking information, except in accordance with applicable
securities laws.