Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX:
CHXMF) reports assay results from the Southwest Zone and Gap Zone
at its Troilus Project, located in northcentral Quebec, Canada. The
Southwest Zone is located ~2.5 kilometres from the formerly mined
open pits. It was initially discovered and drilled in late 2019 and
has quickly evolved into the most significant growth target on its
property. The results announced today has improved confidence in
strong mineral continuity to the northeast with improved drill
density and step out holes that have further expanded the Southwest
Zone over 200 metres beyond the previously known boundary of
mineralization, ~900 metres beyond the pit shell modelled in the
Preliminary Economic Assessment (see press release dated August 31,
2020). Furthermore, an initial 5-hole drill program completed in
the Gap Zone last year returned high-grade results which confirm a
continuity of mineralized units in the ~2 kilometre area between
the main zone Z87 and the new Southwest Zone (See Figure 1).
Troilus has aggressively been drilling the
Southwest Zone since late last year, as it aimed to better define
the extent of the zone so that it could more accurately be
represented in the next phase of engineering. Although drilling
will continue through 2022, the Company is pleased to report that
it has reached the cut-off for drilling to be included in the
updated mineral resource and Pre-Feasibility Study (“PFS”),
ensuring it will meet the mid-2022 delivery timeline for these
anticipated milestones. All the results reported in this press
release, with the exception of the two Gap Zone holes, will be
included in the upcoming PFS.
Southwest Zone Drill Results Highlights:
Mineral Continuity Confirmed to the NE
- Holes SW-590 returned the highest
grades ever drilled in the Southwest Zone. This hole is located
900m northeast of the PEA pit shell and demonstrates a northward
continuation of mineralized units extending over 200m beyond the
previously identified mineral boundary.
- 92 g/t Au over
1.1m
- 68 g/t Au over
1m
- 2.47 g/t Au over
7m
- Hole SW-630,
drilled high-grade 400m north of PEA pit shell, directly at surface
(from 11m to 26m downhole).
- 3.07 g/t AuEq over
15m, including 8.28 g/t AuEq over 5m
- 0.92 g/t AuEq over
20m1 g/t AuEq over 14m, including 2.78 g/t AuEq over 4m and 7.37
g/t AuEq over 1mHole SW-591 intersected strong mineralization 820m
North of the PEA pit shell.
- Hole SW-613 intersected strong
mineralization 480m North of the PEA pit shell.
- 2.74 g/t AuEq over
11m, including 21.32 g/t AuEq over 1m and 3.05 g/t AuEq over
1m
Gap Zone Drill Results Highlights:
~2.5km of Mineralization Potential Confirmed
- Hole GZ-004, drilled approximately
halfway between the Southwest Zone and Z87 returned high-grade
intercepts associated with sheering in the diorite:
- 4.2 g/t AuEq over
7m, including 22.81 g/t AuEq over 1m and 5.26 g/t AuEq over 1m
- Hole GZ-001 intersected
mineralization hosted in the Troilus breccia, which is the host
rock in the main zone Z87.
- 0.95 g/t AuEq over
16m, including 8.56 g/t AuEq over 1m and 2.26 g/t AuEq over 1m
- The Company is preparing to
initiate a ~11,000 metre drill program in the Gap Zone, covering
the ~2.5 kilometre area between Z87 and Southwest, to develop a
better understand of the lithological sequence and test for
additional mineralization.
Justin Reid, CEO of
Troilus Gold, commented, “Southwest results continue to impress us.
We are seeing strong mineral continuity as we step out our drilling
further and further to the northeast and into the Gap Zone,
intersecting the highest grades ever encountered in the Southwest
Zone, along with some of the best intersections ever intersected in
all zones at Troilus, 3.07 g/t AuEq over 15m, directly below
surface. The Southwest zone modelled in the PEA was based on a mere
8,500 metres of drilling and already then, it contributed to the
first few years of production in that study’s mine plan. We now
have nearly 1,000% more metres of drill data, and an ore body that
is immediately at surface that has more than doubled in strike
length. I’m confident that the importance of all this work and
growth will be apparent in the upcoming PFS. Equally exciting and
impactful, are the strong results we received from initial drilling
in the Gap Zone, intersecting 4.2 g/t AuEq over 7m about halfway
between the Southwest and Z87 zones. These results prove to us that
the mineralized units found in Z87 and Southwest continue into this
zone, demonstrating a potential for them to eventually connect. Now
that we have reached the drilling cut-off in the Southwest to
ensure we are on track with the delivery of our new resource and
PFS by mid-year, we’re eager to begin an expanded drill program in
the Gap Zone to further define the lithological sequence and test
for mineralization.”
Figure 1: Plan View Map of Southwest,
Gap and Z87 Zones Showing Current and Previously Reported
Drillinghttps://www.globenewswire.com/NewsRoom/AttachmentNg/9413b9b7-cd01-430d-9b4b-d9e492297783
Figure 2: Longitudinal Section Facing
North-West Showing Intervals Above 0.3 g/t AuEq on Currently
Reported Drill
Holeshttps://www.globenewswire.com/NewsRoom/AttachmentNg/02b2ac3e-c445-4193-900f-f317a08dcf8c
Continued
Growth in the Southwest Zone – Strike Length Extended to ~2km, 900m
Beyond PEA Pit Shell
The Southwest Zone is
located 2.5 kilometres southwest of Z87, the former mine’s main
production pit. Initial prospecting and mapping started in 2018 to
follow-up on some sparse and shallow drilling completed by the
previous mine operator, Inmet Mining Corporation, from 1986 to
2000. Troilus began drilling the Southwest Zone in November 2019
with great success, including approximately 8,500 metres of drill
data from this zone into its July 2020 mineral resource estimate,
which resulted in 583,000 AuEq ounces (22.6 Mt @ 0.80 g/t AuEq).
This newly discovered zone formed an important part of the 22-year
mine plan presented in the PEA as the starter pit for the first ~5
years of production. Since the 2020 mineral resource calculation,
and up until the drilling cut-off we reached in March for the
upcoming mineral resource update, nearly 93,000 metres have been
drilled in the Southwest Zone, more than doubling its strike length
from 850 metres to ~2km. Although the zone remains open to further
expansion, the significantly improved drill density and growth
achieved in the last 6 months is expected to have a meaningful
impact on the upcoming phase of engineering.
Gap Zone –
Initial Drill Results Point to ~2.5kms of Potential Mineral
Continuity
The Gap Zone spans a
~2.5 kilometre area between the larger of the two formerly mines
pits, Z87, and the Southwest Zone discovered in late 2019. In 2021,
Troilus completed a small 5 drill hole program, targeted at
stratigraphy and surface geochemistry which aimed to provide a
lithological sequence and test for mineralization. The results,
including highlights of 4.2 g/t AuEq over 7m and 0.95 g/t AuEq over
16m provided confirmation that the mineralized units found in Z87
and the Southwest Zone continue into the Gap Zone. The Company is
preparing to initiate an ~11,000 metre drill program to be
completed over the summer months, to improve the geological
understanding of this area and test for additional mineralization
(see planned drill holes in Figure 1).
Table 1: Southwest Zone Drill
Results
Hole |
From (m) |
To (m) |
Interval (m) |
Inside/Outside of PEA Pit Shell |
Au Grade (g/t) |
Cu Grade (%) |
Ag Grade (g/t) |
AuEq Grade (g/t) |
SW-589 |
|
151 |
177 |
26 |
Outside |
0.65 |
0.00 |
0.31 |
0.65 |
incl… |
156 |
157 |
1 |
Outside |
1.85 |
0.00 |
0.25 |
1.85 |
incl… |
168 |
169 |
1 |
Outside |
9.21 |
0.00 |
1.50 |
9.23 |
|
195 |
197 |
2 |
Outside |
2.10 |
0.00 |
0.25 |
2.10 |
|
347 |
350 |
3 |
Outside |
1.12 |
0.04 |
1.13 |
1.18 |
|
401 |
402 |
1 |
Outside |
1.02 |
0.16 |
20.10 |
1.43 |
|
467 |
474 |
7 |
Outside |
0.87 |
0.21 |
21.49 |
1.37 |
incl… |
468 |
472 |
4 |
Outside |
1.32 |
0.31 |
33.50 |
2.07 |
|
483 |
484 |
1 |
Outside |
1.36 |
0.28 |
50.60 |
2.26 |
SW-590 |
|
45 |
52 |
7 |
Outside |
2.47 |
0.00 |
0.30 |
2.48 |
incl… |
49 |
50 |
1 |
Outside |
10.95 |
0.00 |
0.60 |
10.96 |
incl… |
51 |
52 |
1 |
Outside |
3.57 |
0.00 |
0.25 |
3.58 |
|
149 |
150 |
1 |
Outside |
1.37 |
0.00 |
0.25 |
1.37 |
|
191 |
192 |
1 |
Outside |
1.13 |
0.03 |
7.40 |
1.25 |
|
370 |
371 |
1 |
Outside |
68.00 |
0.15 |
3.80 |
68.23 |
|
399 |
400 |
1 |
Outside |
1.64 |
0.12 |
1.90 |
1.82 |
|
420.9 |
422 |
1.1 |
Outside |
92.00 |
0.22 |
3.00 |
92.31 |
|
452 |
452.9 |
0.9 |
Outside |
0.92 |
0.02 |
6.80 |
1.02 |
SW-591 |
|
23 |
24 |
1 |
Outside |
1.01 |
0.00 |
0.25 |
1.01 |
|
236 |
237 |
1 |
Outside |
1.12 |
0.00 |
0.25 |
1.12 |
|
449 |
450 |
1 |
Outside |
0.90 |
0.04 |
9.00 |
1.04 |
|
456 |
470 |
14 |
Outside |
0.93 |
0.05 |
1.62 |
1.00 |
incl… |
466 |
470 |
4 |
Outside |
2.70 |
0.04 |
1.83 |
2.78 |
incl… |
468 |
469 |
1 |
Outside |
7.28 |
0.05 |
3.00 |
7.37 |
|
490 |
494 |
4 |
Outside |
0.80 |
0.03 |
4.75 |
0.88 |
|
556.5 |
558 |
1.5 |
Outside |
1.88 |
0.12 |
73.00 |
2.80 |
SW-613 |
|
195 |
196 |
1 |
Outside |
1.18 |
0.02 |
0.80 |
1.21 |
|
410 |
411 |
1 |
Outside |
1.29 |
0.00 |
0.25 |
1.29 |
|
494 |
505 |
11 |
Outside |
2.73 |
0.00 |
0.27 |
2.74 |
incl… |
500 |
501 |
1 |
Outside |
21.30 |
0.01 |
0.50 |
21.32 |
incl… |
501 |
502 |
1 |
Outside |
3.04 |
0.00 |
0.25 |
3.05 |
|
673 |
674 |
1 |
Outside |
1.64 |
0.01 |
0.25 |
1.65 |
|
730 |
731 |
1 |
Outside |
1.60 |
0.08 |
0.25 |
1.70 |
|
736 |
738 |
2 |
Outside |
1.75 |
0.11 |
1.55 |
1.90 |
|
791 |
792 |
1 |
Outside |
1.38 |
0.07 |
1.00 |
1.48 |
SW-627 |
|
156 |
157 |
1 |
Outside |
1.24 |
0.07 |
2.10 |
1.35 |
|
186 |
211 |
25 |
Outside |
0.60 |
0.07 |
1.15 |
0.69 |
incl… |
201 |
208 |
7 |
Outside |
1.06 |
0.10 |
1.59 |
1.21 |
incl… |
206 |
207 |
1 |
Outside |
2.10 |
0.01 |
0.25 |
2.12 |
|
246 |
249 |
3 |
Outside |
2.30 |
0.02 |
13.80 |
2.48 |
incl… |
246 |
247 |
1 |
Outside |
6.28 |
0.03 |
38.40 |
6.73 |
SW-628 |
|
231 |
232 |
1 |
Outside |
1.02 |
0.12 |
1.00 |
1.17 |
|
237 |
238 |
1 |
Outside |
0.60 |
0.40 |
3.90 |
1.15 |
|
273 |
278 |
5 |
Outside |
1.86 |
0.01 |
4.67 |
1.92 |
incl… |
277 |
278 |
1 |
Outside |
7.97 |
0.00 |
2.60 |
8.00 |
|
384 |
385 |
1 |
Outside |
0.38 |
0.05 |
57.30 |
1.05 |
SW-629 |
|
113 |
118 |
5 |
Outside |
1.58 |
0.02 |
0.35 |
1.61 |
incl... |
114 |
115 |
1 |
Outside |
5.71 |
0.02 |
0.50 |
5.74 |
|
141 |
155 |
14 |
Outside |
0.75 |
0.02 |
0.45 |
0.78 |
Incl… |
144 |
152 |
8 |
Outside |
1.03 |
0.02 |
0.41 |
1.06 |
Incl… |
147 |
148 |
1 |
Outside |
2.12 |
0.04 |
1.00 |
2.18 |
|
183 |
184 |
1 |
Outside |
1.73 |
0.00 |
0.25 |
1.73 |
|
187 |
188 |
1 |
Outside |
1.06 |
0.00 |
0.25 |
1.07 |
SW-630 |
|
11 |
26 |
15 |
Outside |
3.06 |
0.01 |
0.39 |
3.07 |
incl… |
13 |
18 |
5 |
Outside |
8.25 |
0.02 |
0.68 |
8.28 |
|
42 |
43 |
1 |
Outside |
2.07 |
0.00 |
0.25 |
2.07 |
|
61 |
62 |
1 |
Outside |
2.85 |
0.01 |
0.50 |
2.87 |
|
151 |
152 |
1 |
Outside |
1.24 |
0.01 |
0.25 |
1.26 |
|
155 |
156 |
1 |
Outside |
1.24 |
0.01 |
0.25 |
1.25 |
|
188 |
190 |
2 |
Outside |
1.72 |
0.07 |
1.48 |
1.82 |
|
211 |
231 |
20 |
Outside |
0.80 |
0.02 |
9.37 |
0.93 |
incl… |
214 |
221 |
7 |
Outside |
1.48 |
0.03 |
23.70 |
1.76 |
|
240 |
243 |
3 |
Outside |
1.18 |
0.01 |
0.25 |
1.19 |
incl… |
241 |
242 |
1 |
Outside |
2.88 |
0.01 |
0.25 |
2.90 |
|
259 |
262 |
3 |
Outside |
1.65 |
0.01 |
0.65 |
1.67 |
Incl… |
261 |
262 |
1 |
Outside |
3.94 |
0.01 |
1.10 |
3.96 |
|
309 |
310 |
1 |
Outside |
1.08 |
0.02 |
0.25 |
1.10 |
SW-212-GT |
|
78 |
79 |
1 |
Outside |
1.00 |
0.00 |
0.25 |
1.01 |
|
106.4 |
107.3 |
0.9 |
Outside |
1.59 |
0.01 |
0.70 |
1.61 |
|
338 |
341 |
3 |
Outside |
0.60 |
0.25 |
11.80 |
1.04 |
|
376 |
382 |
6 |
Outside |
0.60 |
0.26 |
6.87 |
1.01 |
incl… |
376 |
377 |
1 |
Outside |
1.24 |
0.62 |
17.40 |
2.21 |
|
385 |
387 |
2 |
Outside |
1.27 |
0.03 |
0.58 |
1.32 |
SW-270 |
|
56 |
76 |
20 |
Outside |
0.75 |
0.01 |
0.25 |
0.76 |
incl… |
59 |
63 |
4 |
Outside |
1.23 |
0.00 |
0.25 |
1.24 |
incl… |
73 |
74 |
1 |
Outside |
4.82 |
0.02 |
0.25 |
4.84 |
|
95 |
100 |
5 |
Outside |
1.47 |
0.01 |
3.49 |
1.52 |
incl… |
95 |
96 |
1 |
Outside |
5.56 |
0.02 |
5.40 |
5.64 |
|
125 |
127 |
2 |
Outside |
7.42 |
0.02 |
0.73 |
7.45 |
incl… |
126 |
127 |
1 |
Outside |
12.60 |
0.03 |
1.20 |
12.66 |
|
157 |
158 |
1 |
Outside |
1.46 |
0.00 |
0.80 |
1.47 |
|
263 |
264 |
1 |
Outside |
1.22 |
0.50 |
3.30 |
1.89 |
|
292 |
293 |
1 |
Outside |
1.47 |
0.20 |
2.60 |
1.74 |
|
358 |
359 |
1 |
Outside |
2.63 |
0.01 |
0.60 |
2.64 |
SW-271 |
|
31 |
32 |
1 |
Outside |
2.01 |
0.01 |
0.25 |
2.02 |
|
104 |
112 |
8 |
Outside |
1.31 |
0.00 |
0.25 |
1.31 |
incl… |
106 |
107 |
1 |
Outside |
2.50 |
0.00 |
0.25 |
2.51 |
|
193 |
200 |
7 |
Outside |
1.07 |
0.00 |
0.25 |
1.07 |
incl… |
193 |
195 |
2 |
Outside |
2.78 |
0.00 |
0.25 |
2.78 |
|
396 |
397 |
1 |
Outside |
1.15 |
0.07 |
1.10 |
1.25 |
SW-283 |
|
193 |
196 |
3 |
Outside |
3.20 |
0.04 |
0.58 |
3.25 |
incl… |
195 |
196 |
1 |
Outside |
7.99 |
0.03 |
0.80 |
8.04 |
|
248 |
261 |
13 |
Outside |
0.96 |
0.01 |
2.94 |
1.00 |
incl… |
256 |
257 |
1 |
Outside |
3.48 |
0.00 |
0.25 |
3.48 |
|
266 |
279 |
13 |
Outside |
1.02 |
0.00 |
0.41 |
1.03 |
incl… |
266 |
268 |
2 |
Outside |
2.16 |
0.00 |
0.58 |
2.17 |
|
303 |
309 |
6 |
Outside |
0.80 |
0.00 |
0.48 |
0.81 |
incl… |
307 |
308 |
1 |
Outside |
2.49 |
0.00 |
1.60 |
2.51 |
|
430 |
431 |
1 |
Outside |
1.32 |
0.01 |
1.10 |
1.35 |
Table 2: Gap Zone Drill
Results
Hole |
From(m) |
To(m) |
Interval(m) |
AuGrade(g/t) |
CuGrade(%) |
AgGrade(g/t) |
AuEqGrade(g/t) |
GZ-001 |
|
326 |
327 |
1 |
1.24 |
0.01 |
0.25 |
1.26 |
|
341 |
354 |
13 |
0.66 |
0.08 |
1.48 |
0.78 |
incl… |
342 |
343 |
1 |
5.03 |
0.17 |
1.40 |
5.26 |
|
366 |
382 |
16 |
0.81 |
0.09 |
2.38 |
0.95 |
incl… |
367 |
368 |
1 |
8.24 |
0.18 |
8.50 |
8.56 |
incl… |
372 |
373 |
1 |
1.68 |
0.37 |
9.30 |
2.26 |
|
424 |
425 |
1 |
1.06 |
0.00 |
0.25 |
1.07 |
GZ-004 |
|
93 |
100 |
7 |
4.20 |
0.01 |
<0.5 |
4.20 |
incl… |
95 |
96 |
1 |
22.80 |
0.00 |
0.50 |
22.81 |
incl… |
99 |
100 |
1 |
5.25 |
0.00 |
<0.5 |
5.26 |
*Note drill intervals
reported in this news release are down-hole core lengths as true
thicknesses cannot be determined with available information.
Quality Assurance and
Control
During the Southwest Zone drill program, one
metre assay samples were taken from NQ core and sawed in half.
One-half was sent for assaying at ALS Laboratory, a certified
commercial laboratory, and the other half was retained for results,
cross checks, and future reference. A strict QA/QC program was
applied to all samples; which included insertion of one certified
mineralized standard and one blank sample in each batch of 25
samples. Every sample was processed with standard crushing to 85%
passing 75 microns on 500 g splits. Samples were assayed by one-AT
(30 g) fire assay with an AA finish and if results were higher than
3.5 g/t Au, assays were redone with a gravimetric finish. For QA/QC
samples, a 50 g fire assay was done. In addition to gold, ALS
laboratory carried out multi-element analysis for ME-ICP61 analysis
of 33 elements four acid ICP-AES.
Qualified PersonThe technical
and scientific information in this press release has been reviewed
and approved by Kyle Frank, P.Geo., Senior Geologist, who is a
Qualified Person as defined by NI 43-101. Mr. Frank is an employee
of Troilus and is not independent of the Company under NI
43-101.
About Troilus Gold Corp.
Troilus Gold Corp. is a Canadian-based junior
mining company focused on the systematic advancement and de-risking
of the former gold and copper Troilus Mine towards production. From
1996 to 2010, the Troilus Mine produced +2 million ounces of gold
and nearly 70,000 tonnes of copper. Troilus is located in the
top-rated mining jurisdiction of Quebec, Canada, where is holds a
strategic land position of 1,420 km² in the Frôtet-Evans Greenstone
Belt. Since acquiring the project in 2017, ongoing exploration
success has demonstrated the tremendous scale potential of the gold
system on the property with significant mineral resource growth.
The Company is advancing engineering studies following the
completion of a robust PEA in 2020, which demonstrated the
potential for the Troilus project to become a top-ranked gold and
copper producing asset in Canada. Led by an experienced team with a
track-record of successful mine development, Troilus is positioned
to become a cornerstone project in North America.
For more information:
Caroline ArsenaultVP Corporate
Communications+1 (647) 407-7123info@troilusgold.com
Cautionary Note Regarding
Forward-Looking Statements and Information
Mineral Resources that are not Mineral Reserves
do not have demonstrated economic viability; the estimate of
Mineral Resources in the updated Mineral Resource statement may be
materially affected by environmental, permitting, legal, title,
taxation, socio-political, marketing, or other relevant issues.
There is no certainty that the Indicated Mineral Resources will be
converted to the Probable Mineral Reserve category, and there is no
certainty that the updated Mineral Resource statement will be
realized.
The PEA is preliminary in nature, includes
inferred mineral resources that are considered too speculative
geologically to have the economic considerations applied to them
that would enable them to be categorized as mineral reserves, and
there is no certainty that the PEA will be realized. Mineral
resources that are not mineral reserves do not have demonstrated
economic viability. The PEA is subject to a number of risks and
uncertainties. See below and the Company’s latest technical report
available on SEDAR for more information with respect to the key
assumptions, parameters, methods and risks of determination
associated with the foregoing.
This press release contains “forward-looking
statements” within the meaning of applicable Canadian securities
legislation. Forward-looking statements include, but are not
limited to, statements regarding the impact of the ongoing drill
program and results on the Company, the possible economics of the
project and the Company’s understanding of the project; the
development potential and timetable of the project; the estimation
of mineral resources; realization of mineral resource estimates;
the timing and amount of estimated future exploration; the
anticipated results of the Company’s ongoing 2022 drill program and
their possible impact on the potential size of the mineral resource
estimate; costs of future activities; capital and operating
expenditures; success of exploration activities; the anticipated
ability of investors to continue benefiting from the Company’s low
discovery costs, technical expertise and support from local
communities. Generally, forward-looking statements can be
identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “continue”,
“anticipates” or “does not anticipate”, or “believes”, or
variations of such words and phrases or statements that certain
actions, events or results “may”, “could”, “would”, “will”, “might”
or “will be taken”, “occur” or “be achieved”. Forward-looking
statements are made based upon certain assumptions and other
important facts that, if untrue, could cause the actual results,
performances or achievements of Troilus to be materially different
from future results, performances or achievements expressed or
implied by such statements. Such statements and information are
based on numerous assumptions regarding present and future business
strategies and the environment in which Troilus will operate in the
future. Certain important factors that could cause actual results,
performances or achievements to differ materially from those in the
forward-looking statements include, amongst others, currency
fluctuations, the global economic climate, dilution, share price
volatility and competition. Forward-looking statements are subject
to known and unknown risks, uncertainties and other important
factors that may cause the actual results, level of activity,
performance or achievements of Troilus to be materially different
from those expressed or implied by such forward-looking statements,
including but not limited to: there being no assurance that the
exploration program will result in expanded mineral resources;
risks and uncertainties inherent to mineral resource estimates; the
impact the COVID 19 pandemic may have on the Company’s activities
(including without limitation on its employees and suppliers) and
the economy in general; the impact of the recovery post COVID 19
pandemic and its impact on gold and other metals; the receipt of
necessary approvals; general business, economic, competitive,
political and social uncertainties; future prices of mineral
prices; accidents, labour disputes and shortages; environmental and
other risks of the mining industry, including without limitation,
risks and uncertainties discussed in the most recent Technical
Report and in other continuous disclosure documents of the Company
available under the Company’s profile at www.sedar.com. Although
Troilus has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Troilus does
not undertake to update any forward-looking statements, except in
accordance with applicable securities laws.
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