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 > New Press Release - Troilus Provides a Recap of 2023 Accomplishments & an Outlook for 2024

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Comment by Specificon Jan 09, 2024 10:35am

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RE:New Press Release - Troilus Provides a Recap of 2023 Accomplishments & an Outlook for 2024

LOOKING AHEAD TO 2024

With a series of significant milestones on our horizon, 2024 is shaping up to be another transformative year for Troilus as we continue to steadily de-risk and advance our project towards production. Here’s what you can expect from us this year:

Completion of a Feasibility Study expected in Q1 2024, including an inaugural Mineral Reserve estimate.
Approximately 25,000 metres of drilling, including:
- Expansion and definition drilling at select targets along the main mineral corridor.
- Condemnation drilling to ensure the planned mine infrastructure locations are free of economically significant mineralization.
- Continuation of exploration activities, including targeted drilling, at prospective regional targets.
Completion of the Environmental and Social Impact Assessment by calendar year-end
Continuous monitoring of the dynamic ESG landscape to identify new opportunities that will ensure the sustainable development of our project.