Troilus Gold Corp T.TLG

Alternate Symbol(s): CHXMF

Metals & Mining Gold Industrial Metals & Minerals

Troilus Gold Corp. is a Canadian mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. The Company owns a 100% interest in the Troilus project. The Company holds a land position of approximately 435 square kilometers (km2) in the mining jurisdiction of Quebec, Canada, within the prospective Frotet-Evans Greenstone Belt. The Troilus Mine is located northeast of the Val-d'Or district of Quebec, produced 2 million ounces of gold and approximately 70,000 tons of copper. The seven kilometer main mineral corridor includes zones Z87, J Zone, X22 and Southwest, containing an estimated 11.21 Moz AuEq in the Indicated category and 1.80 Moz AuEq in the Inferred category. The Troilus property has an established infrastructure, including operating substation and power lines, an extensive network of well-maintained roads, operating water treatment facility, and a permitted tailing facility.

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Troilus Gold Corp > Juniors taking a beating

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Comment by templetooth2on Jul 26, 2023 3:59pm

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Post# 35558322

RE:Juniors taking a beating

What drilling next year??? In 2021 Troilus reported a resource of 8 million ounces.

Since then, they have drilled about 160 km. I forget the number, but it's HUGE.

My personal suspicion is that all that drilling added a very disappointing bottom line number of ounces, thus the bait-and-switch to the Catch-22 zone. If and when there's ever a seperate indicated & inferred resource number for Catch-22, I'd bet dollars to donuts it'll be a low number: like maybe 100,000 ounces. But I diverge.

The last thing this stock needs is more and more drilling. How many ounces are in the proven and probable RESERVE category? That is the question. Period.

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