Troilus Gold (TSX: TLG, OTCQX: CHXMF) is currently sitting on one of the largest undeveloped gold/copper assets within Canada, ranking among top 5 assets. The company has made significant moves in de-risking the former mine, and bringing shareholders additional value through exploration success.

Troilus Gold (TSX: TLG, OTCQX: CHXMF) has been aggressively exploring the Troilus gold project, drilling 150,000+ metres since 2018 with discovery costs of <$5/oz. An updated mineral resource is slated for H2 2021 and is set to include 68,000+ metres of drilling which has been done since the 2020 resource estimate.

Southwest Zone

Troilus has made the Southwest zone discovery in late 2019 and has hit some of the best intercepts drilled on the entire project. ~1.5km strike length, and remains open, highlights include:

• 3.58 g/t AuEq over 15m, incl. 6.76 g/t over 7m
• 1.56 g/t AuEq over 73m, including 2.05 g/t over 48m
• 1.95 g/t AuEq over 20m, incl. 2.73 g/t AuEq over 9m
• 3.65 g/t AuEq over 9m, incl. 5.32 g/t AuEq over 6m
• 1.74 g/t AuEq over 21m, incl. 2.48 g/t AuEq over 6m and 2.5 g/t AuEq over 5m
• 6.66 g/t AuEq over 3m

Connecting the Southwest zone will be exciting, as it shares similar geology to the Z87 zone. Initial work already indicates higher than average grades (compared to the rest of the project), as well the zone remains open, and could host a potential multi-million-ounce extension.

The company has also been intercepting some exciting mineralization within the J zone hanging wall. This new parallel zone confirms a strike length of over ~1.5km and is expecting to make a positive impact on the upcoming PFS.

Upcoming Catalysts

Troilus Gold (TSX: TLG, OTCQX: CHXMF) has several catalysts over the next 15-18 months. This includes:

• Initiate Federal permitting process (Q4 2021)
• Inaugural Resource & Reserve Update (Q4 2021)
• Pre-feasibility study (Q1 2022)
• Initiate Provincial Permitting Process (Q1 2022)
• Feasibility study (H2 2022)

The company will see a significant re-rate once milestones are hit. Companies that are producing over 200,000oz/year are trading between a $500-$830M market cap.

Disclaimer: Troilus Gold is a paid marketing client and we own shares

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