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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.

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. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

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 the 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.

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. 

For a price chart with our ratings and target price changes for TLG CN, go to http://stifel2.bluematrix.com/sellside/Disclosures.action?ticker=TLG CN.
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.

Troilus Gold is provided with investment banking services by Stifel Canada or an affiliate or was provided with investment banking services by Stifel Canada or an affiliate within the past 12 months. Troilus Gold is provided with non-investment banking securities related services by Stifel Canada or an affiliate or was provided with noninvestment banking securities related services by Stifel Canada or an affiliate within the past 12 months. Stifel Canada or an affiliate has received compensation for investment banking services from Troilus Gold in the past 12 months. Stifel Canada or an affiliate expects to receive or intends to seek compensation for investment banking services from Troilus Gold in the next three months. Stifel Canada or an affiliate managed or co-managed a public offering of securities for Troilus Gold in the past 12 months. The equity research analyst(s) responsible for the preparation of this report receive(s) compensation based on various factors, including Stifel's overall revenue, which includes investment banking revenue.

Additional Disclosures

Employees of Stifel or its affiliates may, at times, release written or oral commentary, technical analysis, or trading strategies that differ from the opinions expressed within. Stifel or any of its affiliates may have positions in the securities mentioned and may make purchases or sales of such securities from time to time in the open market or otherwise and may sell to or buy from customers such securities on a principal basis; such transactions may be contrary to recommendations in this report. As a multi-disciplined financial services firm, Stifel regularly seeks investment banking assignments and compensation from issuers for services including, but not limited to, acting as an underwriter in an offering or financial advisor in a merger or acquisition, or serving as a placement agent in private transactions.

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