Troilus Gold Project

Overview

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. As of May 2022, a total of ~220,000 metres have been drilled at Troilus, ~140,000 metres of which have been completed since the last mineral resource estimate in August 2020. An updated mineral resource estimate, inaugural reserve, and Pre-Feasibility Study are expected for completion in July 2022.

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.

Troilus Gold Corporate Video

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