The Troilus gold and copper deposits lie within the eastern segment of the Frotêt-Evans Greenstone Belt, in the Opatica Subprovince of the Superior Province in Quebec, Canada. This greenstone belt extends for more than 300 kilometres and varies from a few kilometres up to 45 kilometres in width. It is divided into two similar volcano-sedimentary domains, the west domain and the east domain, which is known as the Frotêt-Troilus Domain.
The Troilus region contains many occurrences of gold, base metals, and molybdenite mineralization; Troilus being the largest gold deposit found to date.
2020 Mineral Resource
Table 1 - Mineral Resource Estimate– Effective as of July 20, 2020
This updated mineral resource estimate, prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum “CIM” (2014) Definition Standards incorporated by reference in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), is the result of over 8,500 metres of drilling between November 2019 and February 2020 (24 drill holes), in addition to 36,000 metres (81 drill holes) of drilling completed by the Company from February 2019 to July 2019 and 36,000 metres (91 drill holes) of drilling completed in August 2018. The mineral resource estimates for Z87 Zone and J Zones (J4 and J5) are based on a combined open pit and underground mining scenario, while the mineral resource estimates for the Southwest Zone (SWZ) is based on open pit mining. The combined updated open pit and underground mineral resource estimate is summarized in Table 2.
Table 2 – Open Pit and Underground Estimated Mineral Resources – Effective as of July 20, 2020