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Troilus Gold Corp T.TLG

Alternate Symbol(s):  CHXMF

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.


TSX:TLG - Post by User

Post by Gutinstincts55on Jul 26, 2023 7:32pm
149 Views
Post# 35558703

The future

The futureI'm still in the camp that the delays were very strategic & done to coincide with a better PM macro environment.  Which in my opinion will be much better in Q3&4 of this year.   I think the new resource report breaks 10M ozs.  The whole purpose of gaining every bit of X22 into the DFS is to shorten the ROI, as well as offset the higher CAPEX increase any future mine will have to cope with.  Even a brownfield project like this.  If there is 2024 drilling I'd imagine the program to be small & targeted.  Permitting advancement will be the focus  I think going into next year the focus changes to landing a major JV on the way to a full buyout.  I have not heard a definitive way they want to handle the copper.  It's a good problem to have & gives them options.  When it's all said & done I cannot see this project being sold for less than $1B.  Lots will depend on what physical AU projections are at the time, but that's my bottom.  I am personally not selling below $4 USD & I have a good sized investment here.
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