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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 Gutinstincts55on Dec 19, 2023 10:45pm
84 Views
Post# 35793086

RE:RE:RE:Pots of Gold, Rainbows, and Other Dreams

RE:RE:RE:Pots of Gold, Rainbows, and Other DreamsThe only thing I'll agree with from the original post is that it is a fact majors more often than not like the Jrs to do most of the heavy lifting.  That would include permitting.  Because this is a brownfield project with a suitable tailings facility & the likelihood of receiving both provincial and federal permits, it may advance the timeliine of a major's offer.  We have no idea what talks have taken place or how advanced they are.  They're in a great place.  From direct contact with Troilus I was told they have cash for most, if not all of '24.  Every gold bug I've read this week...Gwen, Tavi, Sprott, ect. are now super bullish on where physical AU is headed in H1 '24.  Copper is also approaching $4 usd again.  The setup here from a timing perspective could not be more perfect.  This is not a 2.2M oz deposit in the middle of Namibia. (I have nothing against Namibia, I own an oil exploration play there & it's a safe jurisdiction).  This is a Tier1 asset in Quebec at a grade that will be wildly economic & push 300k oz eq for 25ish years.  Add in 4 exploration zones with proven gold finds for a future extension.  There's enough slightly higher grade to make the ROI very short.  We will soon see how short.  This is a gem & it will be rewarded as such.  If it take another 12-24 months, I'll kick my feet up & wait it out.  
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