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 > Financing deal

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Comment by tomgraniteon Mar 12, 2024 10:43am

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Post# 35928351

RE:RE:RE:RE:RE:RE:Financing deal

AlwaysLong683 wrote:
The only real similarities between ARTG's Blackwater project and TLG to date are they're both low grade bulk tonnage open pit projects with what is (to date) a similar Indicated AuEq resource.

ARTG is years ahead of TLG in terms of mine construction and have recently announced they will consider implementing an expansion proposal of their Blackwater project to accelerate the production of gold and silver ounces up to an average of 469K AuEq for 17 years with an after-tax NPV of $3.7B @ $2,000 USD Au and $23 USD Ag. Also, ARTG did not need a JV partner to accomplish this.They have has also produced P&P Reserve numbers @ 0.79 AuEq g/t. We'll see how TLG's numbers compare when the FS is released. I suspect ARTG's LOM will be longer at around 25+ years, but I doubt the other numbers will be nearly as impressive as ARTG will likely produce significantly more ounces per year at a lower cost per AuEq.

Also, notice the detail contained in the ARTG PR. It would be nice if TLG started doing likewise with their PRs after the FS is produced.