Sphinx Resources Ltd. is pleased to announce the beginning of a seven (7) drill hole program, totalling approximately 500 m, on its 100% owned and undrilled Chemin Troïlus gold project.
This program is designed to test high priority drill targets that have been identified on the basis of the ground magnetic, and induced polarization surveys completed this spring (press release May 11, 2017) as well as both the presence of gold grains in tills and boulders (press release January 10, 2017). The objective of the drilling program is to discover the primary source of the gold indicators.
The Project is 25 km southwest of the Troïlus Mine along a gold-copper corridor trending north-east. This corridor is located at the northern limit of the Archean Frotet-Evans greenstone belt, in the Opatica geological subprovince of the Superior Province and it includes the Troïlus Mine. The Project consists of 61 claims (33.2 km2). It is located 110 km north-north-west of the town of Chibougamau along existing road access to the Troïlus Mine and therefore exploration can be carried out year-round and at a relatively low cost. Funding for the program includes funds provided by the Société de développement de la Baie-James.
The drilling program will be performed by Chibougamau Drilling Ltd of Chibougamau, Quebec, under the supervision of Robin N. Adair, M.Sc. (P.Geol., géo, and member of the Consultative Committee of the Corporation).
The technical information presented in this press release has been approved by Normand Champigny, President and Chief Executive Officer of Sphinx, and a Qualified Person as defined by NI 43-101.