Val-dOr District Gold Miner Posts Encouraging Assay Results


In a January 20 analysis word, Laurentian Financial institution Securities Fairness Analysis Mining Analyst Jacques Wortman, BSc, MBA commented on the assay outcomes obtained by Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQX) from eight (8) new drill holes on the agency’s Troilus venture.

The analyst suggested that “the vast majority of the holes intersected mineralization outdoors of the beforehand proposed PEA pit shell.”

Laurentian Financial institution Securities believes that the assay outcomes are barely constructive as drilling intersected mineralization each inside and out of doors of the boundaries specified by the August 2020 PEA and situated near-surface mineralized areas that will fall under new conceptual pit shells.

The analyst remarked that Laurentian considers the 2021drill program on the Southwest Zone successful and believes that Troilus has proven that the Southwest Zone exhibits nice potential for additional growth and will develop into the focus of the mine

Drill outcomes demonstrated the continuity of mineralization as 5 drill holes situated on the western fringe of the Zone prolonged mineralization down dip by as much as 85m and Gap 523 verified that the mineralized development extends as much as 200m under the PEA pit shell.

The Laurentian report listed among the drill outcomes. A few of the most notable had been from Gap SW-21-502 which returned 6m of 0.83 g/t Au eq ranging from a downhole depth of 139m, Gap SW-21-514 which returned 1.13 g/t Au eq over 10m and Gap SW-21-537 which returned 1.14 g/t Au eq over 19m.

At a a lot deeper depth, the corporate reported that ranging from a downhole depth of 408m, Gap SW-21-523 intersected 14.0 m of two.06 g/t Au eq.

Laurentian Financial institution Securities Fairness Analysis acknowledged that it arrived at its valuation and goal value for Troilus Gold primarily based upon the basic parameters outlined within the firm’s 2020 PEA. The analysis agency indicated that it intends to evaluation its valuation calculation after the PFS is launched.

Laurentian Financial institution Securities Fairness Analysis presently has a “Purchase” score on Troilus Gold Corp. with a goal value of CA$3.30/share.

Troilus Gold trades on the Toronto Inventory Alternate underneath the image “TLG” and final closed for buying and selling at CA$0.68 on Thursday, January 27, 2022. The corporate’s shares additionally commerce underneath the ticker image “CHXMF” on the OTCQB market.

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Disclosures for Laurentian Financial institution Securities, Troilus Gold Corp., Jan. 20, 2022

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