January 10, 2024
Troilus Gold Corp. (TSX:TLG, Not Rated, Timothy Lee) provided a review of its key accomplishments in 2023 as well as an outlook for 2024. An updated Oct/23 MRE for the Troilus Au-Cu project, located in north-central Quebec, outlined Indicated resources of 11.21M oz AuEq and Inferred resources of 1.80M oz AuEq, both at 0.69 g/t AuEq. Nearly all Inferred resources from the 2020 MRE were converted to Indicated resources in 2023. The deposit, which notably also contains Indicated resources of 729.5M lbs Cu, hosts one of the largest undeveloped gold resources in North America. Progress was also made with permitting, with ongoing public consultations and advancing of the Environmental and Social Impact Assessment, which is expected to be completed by the end of 2024. An FS, which would include an inaugural ore reserve estimate, is expected in Q1/24. Additionally, ~25,000m of drilling is also planned in 2024 to expand and define mineralization along select corridors, ensure that planned mine infrastructure locations are free of economically significant mineralization and test prospective regional targets. Read more
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Troilus Gold Corp. – TSX:TLG – 3
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