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TSX:TLG OTCQX:CHXMF

Troilus Gold Corp

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Market:
TSX
Price
0.53 CAD
Day Change
1.92%
Market Cap:
$147.16 m
52 weeks high
0.79
52 weeks low
0.31

In brief

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’ claims cover 435 km² in the top-rated mining jurisdiction of Quebec, Canada, within the Frotêt-Evans Greenstone Belt. Since acquiring the project in 2018, ongoing exploration success has demonstrated the tremendous scale potential of the gold system on the property with significant mineral resource growth. In October 2023, the Company delivered a mineral resource estimate of 11.21 Moz AuEq in the Indicated category and 1.80 Moz AuEq in the Inferred category. This represents an impressive 447% increase in AuEq ounces since Troilus was formed in 2018, and firmly positions the project among North America's largest undeveloped gold-copper deposits. The Company has a clear roadmap towards a production scenario with the goal of delivering long-term value to its shareholders. In early 2022, the Company initiated the Federal and Provincial permitting processes for the project, and a Feasibility Study is underway and expected to be complete in early 2024. Led by an experienced team with a track record of successful mine development, Troilus is positioned to become a cornerstone project in North America.