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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

Comment by pepperinoon Aug 07, 2023 1:39pm
124 Views
Post# 35576340

RE:Anyone watch Sayona Mining?

RE:Anyone watch Sayona Mining?Yes, Sayona has over 10 billion shares issued.   Troilus accepted 184 million shares as part of the land deal.   Assuming the compnay still holds all 184 million shares, every penny increase in share price = $1.8 million.   The other side of that (problem) is every penny increases the market cap by 102 million.  With resources so down and out these days, who know when the needle will move on this one. 
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