New Target at Mining Asset Returns High-Grade Gold Silver

New Target at Mining Asset Returns High-Grade Gold Silver

These positive drill results suggest the area’s greenstone belt is immensely prospective, noted a Laurentian Bank Securities report.

Troilus Gold Corp. (TLG:TSX; CHXMF:OTC; CM5R:FRA) returned “encouraging” initial assays from a target it recently began drilling at its namesake project, reported Laurentian Bank Securities analyst Jacques Wortman in a March 31 research note.

These initial results are from three holes Troilus Gold drilled in the Testard target to test for possible controls on the mineralization and to test the depth potential. Testard, about 10 kilometers south of the historical Troilus mine, is one of many regional targets the Canadian company has identified via the structural model the exploration team developed.

The new drill intercepts show high grades of gold and particularly silver, Wortman noted and provided examples. Standouts include 3.2 meters (3.2m) of 6.72 grams per ton gold (6.72 g/t Au) and 26.71 g/t silver (Ag), starting 25m downhole, returned from hole TES-21-005.

Hole TES-21-002 demonstrated 7.6 m of 4.63 g/t Au and 25.4 g/t Ag, beginning 259m downhole. Hole TES-21-001 hit 1.96 g/t Au and 19.12 g/t Ag over 3.8m, starting 146m downhole.

“These strong initial results also highlight the district-scale potential of the underexplored Frotet-Evans Greenstone Belt,” Wortman wrote.

Before drilling at Testard, Troilus Gold conducted surface then outcrop and channel sampling there, all of which returned positive results, Wortman reiterated. All Testard exploration work to date showed the geological characteristics at the target to be similar to those of the project’s main established zones.

Laurentian has a Buy rating and a CA$3.30 per share price target on Troilus Gold. Its stock is currently trading at around CA$0.89.

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Disclosures

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 Corp. 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. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Troilus Gold Corp., a company mentioned in this article.

Disclosures for Laurentian Bank Securities, Troilus Gold Corp., March 31, 2022

`”Laurentian Bank Securities Equity Research” is a trade name used by the Equity Research sector of Laurentian Bank Securities Inc. To access Laurentian Bank Securities’ regulatory disclosures, please click or press on the hyperlink – http://www.vmbl.ca/portal/disclosure.

The information contained in this document is based on what we deem to be reliable sources, but no guarantee or promise, explicit or implicit, is given as to the accuracy and exhaustiveness of these sources. This report shall under no circumstances be considered an offer  to buy or sell, or a request to buy and/or sell the stocks mentioned. Laurentian Bank Securities Inc. and its employees may not be held liable for any monetary losses stemming from the implementation of the recommendations contained in this document. Laurentian Bank  Securities Inc. and/or its officers, directors, representatives, traders, analysts and members of their families may hold positions in the stocks mentioned in this document and may buy and/or sell these stocks on the market or otherwise. Stocks in foreign currency may be  adversely affected by exchange rate fluctuations.

Laurentian Bank Securities Inc. is a wholly-owned subsidiary of Laurentian Bank of Canada. The opinions, projections and estimates are those of the Economic and Financial Research department of Laurentian Bank Securities Inc. as at the date appearing on the cover page, and are subject to change without prior notice. Laurentian Bank Securities Inc. may, in exchange for remuneration, act as a financial advisor or tax consultant for, or participate in the financing of companies mentioned in this document. This study may not be reproduced, in whole or in part, without the consent of Laurentian Bank Securities Inc. Member of the Investment Industry Regulatory Organization of Canada and of the Canadian Investor Protection Fund. The regulation of the securities market establishes requirements that analysts must follow when issuing research reports or making recommendations. These guidelines are included in the research dissemination policy of Laurentian Bank Securities, available at Institutionnel actions (vmbl.ca).

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