Single-asset company Troilus Gold (TSX: TLG; US-OTC: CHXMF) has updated the resource estimate for its wholly owned Troilus gold project, 170 km north of Chibougamau, Quebec.
Indicated resources for the project stand at 159.1 million tonnes grading 0.78 gram gold per tonne, 0.09% copper and 1.19 grams silver per tonne for 3.97 million contained oz. gold, 301.15 million lb. contained copper and 6.07 million contained oz. silver.
Inferred resources add 52.7 million tonnes grading 0.9 gram gold per tonne, 0.08% copper and 1.01 grams silver for 1.53 million contained oz. gold, 94.89 million lb. copper and 1.71 million oz. silver.
The updated estimate, which represents a 20% increase in the indicated category from the 2018 resource estimate, is based on …
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