Troilus Gold Project


The former Troilus Mine, located northeast of the Val-d'Or district of Quebec, produced 2 million ounces of gold and almost 70,000 tonnes of copper between 1996 and 2010.

The Troilus asset was acquired in 2017, following extensive due diligence including an in-depth geological assessment as well as economic and technical analyses. Since then, the inherited indicated mineral resources have increased 142% to 4.96 Moz AuEq (177 Mt with an average grade of 0.87 g/t AuEq) and inferred mineral resources have increased 350% to 3.15 Moz AuEq (116.7 Mt with an average grade of 0.84 g/t AuEq). A Preliminary Economic Assessment completed in August 2020, showed potential for Troilus to rank among the gold and copper producing mines in Canada, with annual gold equivalent production of 246,000 ounces. A definitive feasibility study is targeted for completion in H2 2023.

As a result of the previous operation, the Troilus property already has well established infrastructure, including an extensive network of well-maintained roads, a 50MW substation and +60 kms of high-tension power lines maintained by Hydro-Quebec, a permitted tailings facility, and operating water treatment plants.

Our team believes that the Troilus project represents a unique opportunity for a potential mine restart in one of the world’s most favourable mining jurisdictions.