Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTC; CM5R:FRA) recent drill results showcase high grades in the 2.5 kilometer-long gap zone at the Troilus project, indicating "the potential to connect-the-dots between the Main and Southwest [zones] is very high," Stifel GMP reported in an April 21st research note.
The previously untested gap zone returned 4.2 grams per ton of gold equivalent (4.2 g/t Au eq) over 7 meters (7m), in hole GZ-004.
Stifel GMP noted that additional drill results from Troilus Gold's Southwest zone are available, too, and they also consist of high-grade mineralized intervals.
Noteworthy examples are 92 g/t gold (Au) over 1.1m, 68 g/t Au over 1m, and 2.47 g/t Au over 7m, all in hole SW-590. Hole SW-630 showed 3.07 g/t Au eq over 15m, including 8.28 g/t Au eq over 5m.
"These results build on the Troilus story and point to the large gold endowment in the Frotêt-Evans belt," Stifel wrote.
These latest drill data will be the newest incorporated into the Troilus project mineral resource update and prefeasibility study, which are on track for completion in mid-2022.
Stifel GMP has a Buy rating and a CA$4 per share target price on Troilus Gold. In comparison, the mining explorer's stock is now trading at around CA$0.69 per share, below that of its peers in Stifel's coverage universe.
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Important Disclosures from Stifel GMP, Troilus Gold Corp., April 22, 2022
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