Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: TLG; CHXMF

Explorer Discovers New Mineralized Zone at Quebec Gold-Silver Project
News Update

Share on Stocktwits

Source:

This zone is in addition to the Beyan Gold Zone discovery Troilus Gold announced at the end of September.

Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) discovered another zone of mineralization, Goldfield, at its Troilus project in Quebec, the company announced in a news release. The zone is 28 km southwest of the recently announced Beyan Gold Zone discovery.

Highlights of the Goldfield zone results include grab sample grades in outcrop of up to 26.2 grams per ton gold (26.2 g/t Au) and 27.8 g/t silver (Ag). Other significant samples returned 6.51 g/t Au, 5.96 g/t Au, 4.31 g/t Au along with 14 g/t Ag and 8.6 g/t Ag. The current strike length of the Goldfield zone is about 4 kilometers.

The summer drill program "focused on identifying high priority targets within the extensive land package Troilus acquired and staked earlier in the year," the company noted.

"The Goldfield zone results, combined with the recent Beyan zone results, suggest that gold mineralization within the Frôtet-Evans Greenstone Belt is prolific and not constrained geographically as historically thought," CEO Justin Reid said in the release. "These showings could just be the beginning of what the district could host."

Of the areas that Troilus Gold has explored on its Troilus-Frôtet property, Goldfield is the furthest away from the main mineralized areas. It is on the western side of the acreage, 36 km from the past-producing Troilus mine.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Troilus Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.





Want to read more about Gold and Silver investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe