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Canadian Explorer 'Building Low Risk Open Pit Ounces That Count'

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Source: Streetwise Reports   02/11/2021

Troilus Gold’s latest results from the Southwest zone are discussed in a Stifel GMP report.

In a Feb. 9 research report, Stifel analyst Ian Parkinson reported that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) is continuing to “focus on ounces that count” at its Troilus project.

“TLG is out this morning with accretive drilling results from the Southwest Zone, a low risk open pit growth deposit first discovered in 2019 which yielded 580koz @ 0.80gt AuEq in the 2020 PEA,” Parkinson wrote.

The analyst provided the highlights of the recent drill results from Troilus Gold’s Southwest zone. At year-end 2020, the Canadian company had drilled 8,500 meters (8,500m) in Southwest and delineated an Inferred resource there of 580,000 ounces of gold equivalent (Au eq).

“Southwest Zone showcases the near surface, on strike, open pitable resources potential of the Troilus property,” Parkinson wrote.

New results come from hole TLG-ZSW20-203 that was placed 75 meters to the north of the pit shell outlined in the 2020 preliminary economic assessment (PEA). The hole’s notable assays included 1.2 grams per ton gold equivalent (1.2 g/t Au eq) over 16m and 6.66 g/t Au eq over 3m.

Hole TLG-ZSW20-203 extended mineralization and also intersected mineralization 100 meters below the bottom of the pit, the analyst stated.

“The drill results released today will widen the pit without increasing the strip, effectively increasing ounces per vertical meter and pushing out the underground portion of the PEA,” thereby improving the overall project economics, Parkinson noted.

Stifel has a Buy rating and a CA$4 per share target price on the exploration firm. The stock is currently trading at around CA$1.13.

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Disclosure:
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. Click here for important disclosures about sponsor fees.
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 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.

Disclosures from Stifel GMP, Troilus Gold, February 9, 2021

Important Disclosures and Certifications
I, Ian Parkinson, certify that the views expressed in this research report accurately reflect my personal views about the subject securities or issuers; and I, Ian Parkinson, certify that no part of my compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report.

Company-Specific Disclosures:
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.
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 3 months.
Stifel Canada or an affiliate managed or co-managed a public offering of securities for Troilus Gold in the past 12 months.
Stifel Canada or an affiliate is a corporate broker and/or advisor to Troilus Gold.
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.

( Companies Mentioned: TLG:TSX; CHXMF:OTCQB, )



Source: https://www.streetwisereports.com/article/2021/02/11/canadian-explorer-building-low-risk-open-pit-ounces-that-count.html


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