Troilus Gold Corp T.TLG

Troilus Drills 13.64 g/t AuEq Over 3m

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MONTREAL, May 04, 2022 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF) reports additional assay results from the Southwest Zone at its Troilus Project, located in northcentral Quebec, Canada. The Southwest Zone is located ~2.5 kilometres from the formerly mined open pits. It was initially discovered and drilled in late 2019 and has quickly evolved into the most significant growth target on its property. The intercepts reported today are largely located outside of the pit shell modelled in the Preliminary Economic Assessment (see press release dated August 31, 2020). The results are a combination of infill drill holes, focused on increasing drill density and upgrading the resource category from Inferred to Indicated, as well as exploration drill holes, which have confirmed mineral continuity to the southwest, identifying a down-dip extension of mineralization to the west, 300 metres below PEA pit shell. The location of the drill hole collars and traces are presented in figures 1 and 2, while results can be found in Table 1.

Troilus Drills 13.64 g/t AuEq Over 3m, Incl. 29.81 g/t Over 1m, 2.42 g/t AuEq Over 6m, 2.11 g/t AuEq Over 10m in the Southwest Zone; New Mineral Extension Identified 300m Below PEA Pit Shell