Troilus reports 92.9% gold recovery and 90.4% copper recovery from the Canadian Business Journal’s J-Zone pilot plant test program.

Montreal, February 28, 2022 (GLOBE NEWSWIRE) — Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) (“Troilus” or “Company”) is one of the best metallurgical recovery results in the J-Zone. I am happy to be able to report as a department. A wholly owned Troilus project in central and northern Quebec, Canada, conducted an ongoing pilot plant-scale metallurgical test program for each of the major mineral deposits. Last year, three composite samples (approximately 3 tonnes (3,000 kg) each) from three major mineral zones (Z87, J-Zone, Southwest Zone) in Erie, Pennsylvania, were used to verify gold recovery. It was sent to a metallurgical testing facility. Copper and silver using standard gravity and column flotation techniques (see Figure 1). Southwest Zone and Z87 Zone tests are currently in final stages, but are powerful from J-Zone Composites, which achieved 92.9%, 90.4%, and 88.8% gold, copper, and silver recovery in Knelson’s gravity separation and column flotation tests. I received the final result. Each. The results of the test program will be used to support future pre-feasibility studies and future economic studies.

J-Zone Test Program and Result Highlights:

  • Approximately 3 tonnes (3,000 kg) composite of mineralized material from J-Zone prepared using coarse assay rejects from 1,358 hole spacing to accurately replicate the various domains throughout the Mineralization Zone. Samples provided to Eriez for testing
  • The combination of Knelson separation and rough scavenger cleaner column flotation achieved an overall gold recovery of 92.9%, copper recovery of 90.4% and silver recovery of 88.8%.
  • These results exceed the recovery rates used in the preliminary economic assessment (see press release dated August 20, 2020). Gold recovery was 90% (gravity and flotation combined), copper was 90%, and silver was 40%.

Justin Reid, President, CEO and Director of Troilus Gold, commented: Obtained from PEA, it shows better results than silver expected. Based on previous metallurgical testing work, we are confident that recovery rates in the Z87 and southwest zone will meet or exceed the results announced today and how these can increase the economic potential of the project. I am looking forward to it. We will move forward toward the completion of the preliminary feasibility study. “

J-Zone composite sample configuration

The approximately 3,000 kg J-Zone composite sample uses coarse assay rejects from 1,358 intervals obtained from 13 different regions of the sediment to accurately replicate the composition of the entire mineralization zone based on different domains. Was prepared. In Figure 2, the isometric view of the J-Zone shows sample locations for different domains.

Figure 1. J-Zone homogenized ore sample (top); rough scavenger column flotation (left); bulk milling machine (right)

Figure 2. Isometric view of J-zone and domain

Qualified person

The scientific and technical information contained in this news release is Troilus Gold Corp, a qualified person in the sense of NI 43-101. Review and Approved by Joseph C. Milbourne, Registered Member SME, Manager of Technical Services at.

About Troilus Gold Corp.

Troilus Gold Corp. is a Canadian-based junior mining company focused on systematic progress and risk mitigation towards the production of the former gold and copper Troilus Mine. From 1996 to 2010, the Troilus mine produced +2 million ounces of gold and about 70,000 tonnes of copper. Troilus is located in Quebec, Canada’s most acclaimed mining jurisdiction and owns 1,420 km² of strategic land on the Frôtet-Evans Greenstone Belt. Since the acquisition of the project in 2017, the success of continuous exploration has demonstrated the tremendous potential of the gold system in real estate with significantly increased mineral resources. We are proceeding with engineering research after the completion of a strong PEA in 2020. This shows that the Troilus project has the potential to become Canada’s top-ranked gold and copper production asset. Headed by an experienced team with a proven track record of successful mine development, Troilus is in a position to become a foundational project in North America.

For more information:

Caroline Arseno
Vice President of Corporate Communication
+1 (647) 407-7123

Precautions regarding forward-looking statements and information

Mineral resources that are not mineral reserves have not demonstrated economic viability. Mineral resource estimates in the updated Mineral Resources Statement can be seriously affected by environmental, permit, legal, title, taxation, socio-political, marketing, or other related issues.There is no certainty

It is uncertain whether the mineral resources shown will be converted to the estimated mineral reserves category and the updated mineral resource statement will be realized.

PEA is realized by including estimated mineral resources that are considered preliminary in nature and are considered too geologically speculative and cannot be classified as mineral reserves with economic considerations applied. I’m not sure if it will be done. Mineral resources that are not mineral reserves have not demonstrated economic viability. PEA carries many risks and uncertainties. For more information on the key assumptions, parameters, methods, and risk of decisions related to the above, please see below and our latest technical report available at SEDAR.

This press release contains “forward-looking statements” in the sense of applicable Canadian securities law. Forward-looking statements include statements about the potential impact of the test program on the company and the likelihood that expected results, including but not limited to retribution, will be achieved on the targeted timeline. However, it is not limited to these. Future feasibility studies, future studies including environmental assessments (including timing of environmental impact assessments) and development plans, opportunities to scale the project, the project will be the underlying mining project in Quebec and Canada. Project development potential and schedule. Mineral resource estimation; Realization of mineral resource estimation ;; Timing and quantity of estimated future exploration. Costs of future activities; Capital and operating costs; Successful exploration activities; Investors’ expected ability to continue to benefit from our low disclosure costs, technical expertise, and community support. Estimated timing and quantity of future exploration. The expected results of our 2022 drill program and their possible impact on the potential size of mineral resource estimates. The ongoing impact of the new coronavirus (COVID-19) and considerable uncertainty regarding its geographical, social and economic impact on the company. In general, forward-looking statements refer to forward-looking terms such as “plan,” “expect,” “not expect,” “expected,” “budget,” “plan,” and “estimate.” Can be identified using. “Predict”, “intend”, “continue”, “expect”, “do not expect”, “believe”, or a particular action, event, or outcome is “potential” or “potential” Words and phrases, statement variations, “would”, “will”, “might” or “will take”, “occur” or “achievement”. Forward-looking statements are based on certain assumptions and other important facts, and if not true, Troilus’ actual results, performance, or outcomes are expressed or implied by such statements. Future results, performance, or outcomes can vary significantly. Such statements and information are based on many assumptions about current and future business strategies and the environment in which Troilus will do business in the future. Certain important factors that may differ materially from actual results, performance, or forward-looking statements are, among other things, currency fluctuations, global economic conditions, dilution, stock price fluctuations and competition. included. Forward-looking statements are subject to known and unknown risks, uncertainties, and other important factors, and Troilus’ actual results, levels of activity, performance, or outcomes may be such forward-looking statements. It may differ materially from what is expressed or implied by the description of. However, it is not limited to these. The potential impact of the COVID19 pandemic on the company’s activities (including but not limited to employees and suppliers) and the economy in general. The impact of COVID 19’s post-pandemic recovery and its impact on gold and other metals. There is no guarantee that our exploration program will lead to the expansion of mineral resources. Risks and uncertainties inherent in mineral resource estimates. A high degree of uncertainty inherent in preliminary economic assessments and other mining and economic research. These are based to a large extent on various assumptions. Fluctuations in gold prices and other precious metals, fluctuations in exchange rates. Fluctuations in the costs of supplies and labor; receipt of required approvals; general business, economic, competition, political and social uncertainties. Future gold and other metal prices. Accidents, labor disputes and shortages; environmental and other risks in the mining industry. Includes, but is not limited to, the risks and uncertainties described in the technical report and other ongoing disclosure documents of the company available in the company profile at Troilus sought to identify key factors that could cause actual results to differ materially from those contained in forward-looking statements, but could cause results to be unpredictable, estimated, or not as intended. There may be other factors. Actual results and future events may differ materially from those expected in such statements and there is no guarantee that such statements will be proven to be accurate. Therefore, readers should not place undue reliance on forward-looking statements. Troilus does not undertake to update any forward-looking statement except in accordance with applicable securities law.

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Troilus reports 92.9% gold recovery and 90.4% copper recovery from the Canadian Business Journal’s J-Zone pilot plant test program.

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