New Drill Results Suggest Two Zones at Mining Asset Connect
May 11, 2022 (Investorideas.com Newswire) Confirmed high grades of mineralization in the zone between two large resources support this theory, noted a Stifel GMP report.
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.
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.
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Important Disclosures from Stifel GMP, Troilus Gold Corp., April 22, 2022
We, Ian Parkinson and Cole McGill certify that our respective views expressed in this research report accurately reflect our respective personal views about the subject securities or issuers; and we, Ian Parkinson and Cole McGill, certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. Our European Policy for Managing Research Conflicts of Interest is available at www.stifel.com/institutional/ImportandDisclosures.
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The rating and, where applicable, target price history for Stifel and its securities prior to December 9, 2019, on the above price chart reflects research analyst views at GMP Securities L.P. prior to its acquisition by Stifel Financial Corporation. Prior to October 18, 2020, Stifel Canada utilized an investment rating system that was different from the rating system currently utilized at Stifel Canada. For a description of the investment rating system previously utilized by Stifel Canada research analysts during the past three years, go to https://www.stifel.com/docs/pdf/disclosures/Canada/ResearchRecommendationStructure.pdf Troilus Gold is a client of Stifel Canada or an affiliate or was a client of Stifel Canada or an affiliate within the past 12 months. Troilus Gold has paid the research analyst's travel expenses to view their material operations.
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