Company has signed a letter of intent with privately held High Range Exploration, to earn a 50% stake in the gold project, 110 km from Prince George in B.C.

Midday Wednesday, Troilus’ stock was down nearly 12% on the TSE.

Drill results in Manitoba have increased the strike length of the deposit to 1,000 metres and hit mineralization at depths of approximately 800 metres.

Midday Tuesday, the company’s stock was up 15% on the TSXV.

To date, over 80% of the holes drilled into the LP fault, Dixie Limb and Hinge zones returned visible gold, with the mineralization in the form of free gold, and not bound to or within sulphides.

The section includes higher-grade intervals, such as 1.2 metres of 182 g/t silver and 5.46 g/t gold (7.99 g/t gold-equivalent).