Troilus Gold discovers mineralization below current resource
The Z87 pit ultimately ran 350 metres deep and had a strike length of about 900 metres.
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The Z87 pit ultimately ran 350 metres deep and had a strike length of about 900 metres.
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The miner has bought Mason Resources despite shareholder Waterton previously requesting a moratorium on any near-term acquisitions.
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The new project consolidates the company’s gold portfolio, which includes projects in BC’s golden triangle.
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After 14 public hearings, the Montagne d'Or project is taking some steps forward.
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The National Union of Mineworkers (NUM), which represents around 80 percent of the employees at the mine, will down tools on Friday.
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Drill results returned high grades: up to 10 grams per tonne gold equivalent at 45 metres.
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The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper.
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Exploration continues to affirm multiple local sources of bedrock gold mineralization within the Klondike District.
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Excelsior estimates it would initially produce 25 million lb. copper per year at Gunnison.
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