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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 May 06, 2024 12:09pm
91 Views
Post# 36025096

RE:Sumitomo

RE:SumitomoIn the past I've not had an opinion on the Sumi angle one way or the other.  I thought it to be possible, but never really gave it a deep dive to see how much so.  Since Troilus purchased the UrbanGold property on 5/18/21 it connects directly to the Sumi resource.  If Sumi were to buyout Troilus they'd have between 13-16M oz with 2-5M of them being at high grade.  Running it all through the same mill would be a CAPEX changing dream for them.  With known other targets on the Troilus property they would have 30yrs total mine life to start with even longer future exploration potential.  Now that all of the pieces make sense to me, boy would this workout for all parties involved.  Interesting times ahead for sure.  Let's see how this all plays out.  
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