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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 Mar 28, 2024 9:15pm
138 Views
Post# 35959548

What’s new?

What’s new?What did we actually learn from the PR?  Most of us knew the DFS was delayed & related to the trade off studies.  We also knew the decision has been made to go bigger.  What we don't know is what was the genesis of the changes?  Some including myself believe the bigger the output plan the more likely there is already a heavy involvement from a major requesting the FS look this way before formally entering into a JV.  The other possibility is there's no one completely on the hook but JR knows with gold at a record & going well higher a bigger CAPEX becomes less of a concern & yearly throughout as high as possible is what's wanted.  Another interesting line of the PR is the mention of Copper.  This is the first I've seen where copper becomes a priority in the early years.  Another requesr from a major?  Maybe a request from the Quebec government?  There is a lot we do not know.  To just say the delay is a negative without knowing what is going on behind the curtain is nothing more than a guess.  Adding another $3M to the treasury is never a bad thing either.  The delays to the FS release have been often, long, and wears on you....yes even me.  But I look at the new resource, back at the PEA & see something a major is going to want to be a part of.  The arguement here really is about how much the mine is worth going into production & not if it's going into production.  That's the calculation I've made & why I sleep well.  To me it's not if, but how much. 
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