About Us

The Troilus mine produced 2 million ounces of gold and almost 70,000 tonnes of copper between 1996 and 2010. The 7-kilometre main mineral corridor, including zones Z87, J Zone, X22 and Southwest, contain an estimated 11.21 Moz AuEq (508.3Mt with an average grade of 0.69 g/t AuEq*) in the Indicated category and 1.80 Moz AuEq (80.5Mt with an average grade of 0.69 g/t AuEq*) in the Inferred category, positioning the Troilus Project among North America's largest undeveloped gold-copper deposits.

Corporate & Project Highlights

  • Unique opportunity for potential mine restart in Quebec, Canada - one of the world’s most attractive mining jurisdictions (*according to the 2022 Fraser Institute’s annual survey of the mining industry);
  • Past-producing mine with significant existing infrastructure, including operating substation and power lines, an extensive network of well-maintained roads, operating water treatment facility, and a permitted tailings facility;
  • 11.21 Moz AuEq* in the Indicated + 1.80 Moz AuEq* in the Inferred category (view complete results here); an impressive 447% increase in AuEq ounces since Troilus was formed in 2018;
  • Federal and Provincial permitting processes initiated in early 2022;
  • Feasibility Study underway;
  • Strong municipal and community support;
  • Access to experienced labour pool due to proximity to Chibougamau & Mistissini, Quebec;
  • Led by a highly experienced technical and capital markets team with a proven track-record of successful mine development;
  • Well capitalized, no debt;
  • Strong institutional shareholder base, including major global resource funds.

The Company continues to systematically advance and  de-risk  the Troilus Project towards a production scenario with the goal of delivering long-term value to its shareholders.

*Indicated: 508.3 Mt at 0.69 g/t AuEq ; Inferred: 80.5 Mt at 0.69 g/t AuEq. Cut off grades are based on $US 1,850/ oz Au; $4.25/lb Cu, and $23.00/ oz Ag; with an exchange rate of US$1.00: CAD$1.30. Recoveries varied with an average of 90% Gold, 92.5 % Silver and 91.8% copper without considering revenues from other metals. AuEq formulas are calculated as follows: Z87 Zone : AuEq = Au grade + 1.5628 * Cu grade + 0.0128 * Ag grade; J Zone : AuEq = Au grade + 1.5107 * Cu grade + 0.0119 * Ag grade; X22 Zone : AuEq = Au grade + 1.5628 * Cu grade + 0.0128* Ag grade; SW Zone : AuEq = Au grade + 1.6823 * Cu grade + 0.0124 * Ag grade.