Abitibi Metals boosts resource by 62% at B26 polymetallic deposit in Quebec
Indicated resources increased to 11.3 million tonnes from 6.9 Mt.
Troilus Gold has released the results of three drill holes completed at the Southwest zone within its 160-sq.-km Troilus gold project, northeast of Chibougamau, Quebec; the results appear to confirm a mineralized trend of over 1 km.
The drill highlights include 33 metres of 1.65 g/t gold-equivalent, 13 metres of 1 g/t gold-equivalent and 9 metres of 1.34 g/t gold-equivalent; the first intercept is from a vertical depth of less than 75 metres.
The company first announced the discovery of this zone in January; the Southwest zone is 3.5 km from Z87, the main deposit at the site.
In February, Troilus completed 17 holes to test a larger area and confirm continuity of the mineralization
A total of seven drill holes were completed within this area at the end of last year, with additional assays pending. In February, Troilus completed a further 17 holes to test a larger area and confirm continuity of the mineralization.
So far, the Southwest zone appears to consist of two mineralized zones, and extend for 1 km of strike with widths ranging from 10 metres to 70 metres. It remains open on strike and at depth.
“We are very encouraged by these new results, which continue to expand the scale of the Troilus mineralizing system,” Justin Reid, the company’s CEO, said in a release.
“Our technical team is now analyzing the Southwest zone drill results with the intention of incorporating the findings into the overall resource estimate in the coming months.”
With field operations temporarily suspended due to the threat of covid-19, remote work is ongoing to analyze the results from the Southwest zone and eventually incorporate these into the project’s mineral inventory.
Further data compilation is also underway ahead of a preliminary economic assessment.
In the past, the Z87 pit at the site produced almost 2 million oz. of gold.
Indicated resources at the project are at 159.1 million tonnes grading 0.92 g/t gold-equivalent for a total of 4.71 million gold-equivalent oz. with additional inferred resources of 52.7 million tonnes at 1.04 g/t gold-equivalent for a further 1.76 million oz.
The resources include both an open pit and underground component.
(This article first appeared in the Canadian Mining Journal)
