TLG:TSX; CHXMF:OTC; CM5R:FRA

Troilus Gold Corp.

Troilus Gold Corp. is a Canadian based junior mining company focused on the systematic advancement and de-risking of the past-producing gold and copper Troilus Project towards production. Troilus is located in the top rated mining jurisdiction of Quebec, Canada, where it holds a strategic land position of 1,420 km² in the Frôtet-Evans Greenstone Belt. Since acquiring the project in 2017, ongoing exploration success has demonstrated the tremendous scale potential of the gold system on the property with a 142% increase to estimated Indicated mineral resources and a 350% increase to estimated Inferred resources. The Company is advancing engineering studies following the completion of a robust Preliminary Economic Assessment (“PEA”) in 2020, which demonstrated the potential for the Troilus project to become a top-ranked gold and copper producing asset in Canada. Led by an experienced team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.

Expert Comments:

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Ian Parkinson, Stifel

(11/16/22)
"Troilus Gold Corp. has announced the sale of a package of noncore land claims to Australia-listed lithium miner Sayona Mining for CA$40M in Sayona shares. . .we view the transaction as a strong positive for Troilus Gold as it gives it a significant cash injection and significantly reduces share dilution as it continues to explore and work toward a final feasibility study for the Troilus project expected in H2/23."

Brandon Gaspar, Sprott Equity Research

(11/16/22)
"Troilus Gold Corp. announced a definitive agreement to sell 985 sq km of 'noncore' land that includes the Tortigny polymetallic deposit adjacent to Sayona's Moblan project for CA$40M in the form of shares. . .additionally, Troilus Gold holds a 2% net smelter return on all mineral products from the transferred land package. . .put simply, we think this deal is accretive."

Jacques Wortman, Laurentian Bank Securities

(11/8/22)
"Troilus Gold Corp. has announced assay results from five holes drilled between the past-producing Z87 and J zones at the Troilus gold project. . .results released today confirm the discovery of the new high-grade 'Connector zone'. . .the intersection of a second high-grade structure (new X22 zone assays announced last month) further appears to validate the company management's decision to defer its economic study work to include the new structures in the definitive feasibility study by H2/23."

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Pierre Vaillancourt, Haywood Securities

(8/18/22)
"Troilus Gold Corp. released results from two drill holes focused on the southeastern flank and northern extension of the Z87 pit at its Troilus project. . .these results extend higher-grade mineralization more than 100m along strike, both to the north and south of the previously defined main zone of Z87, extending Indicated and Inferred resources. These results include one of the most continuous higher-grade intervals obtained at Troilus to date."

Brandon Gaspar, Sprott Equity Research

(7/12/22)
"Today's positive Z87 zone metallurgical results from Troilus Gold Corp. conclude the large 3 kg pilot-scale test program, with results across all deposits in line with or above the preliminary economic assessment (PEA). . .the iterative additions are now stacking up ahead of the prefeasibility study, with key deltas over the 2020 PEA being simply more ounces, higher recovery, higher grades from a larger starter pit and lower life-of-mine strip."

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Brandon Gaspar, Sprott Equity Research

(6/29/22)
"Troilus Gold Corp.'s Southwest has seen about 100 km of drilling since the 2020 mineral resource estimate and a doubling of strike, so we expect to see a lift in the upcoming mineral resource update with the subsequent prefeasibility study to sort out the economic implications. . .we think booking about 1 g/t Au eq at a lower strip versus 0.6 g/t in the preliminary economic assessment's years one to three should materially impact the net present value, if only for a few years."

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More Expert Comments

Experts Following This Company

headshot of Peter Krauth
Peter Krauth, Pres – Gold Resource Investor
Paul O'Brien, Analyst – Velocity Trade Capital
Ian Parkinson – Stifel
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Brock Salier
Brock Salier – Sprott Equity Research
headshot of Pierre Vaillancourt
Pierre Vaillancourt, Vice President and Senior Mining Analyst – Haywood Securities
Jacques Wortman, Mining Analyst – Laurentian Bank Securities

Company News 

11/17/2022 – Troilus Announces Closing of Previously Announced Asset Sale to Sayona Mining Ltd. For C$40 Million and C$4.8 Million Private Placement Investment; Webinar to be Hosted on November 22 at 11AM EST

11/16/2022 – Troilus Announces Sale of Select Properties to Emerging Lithium Producer Sayona Mining Ltd. for C$40 Million, Retains 2% NSR Royalty; Additional C$4.8 Million Private Placement Investment

11/8/2022 – Troilus Drills 5.19 g/t AuEq Over 21m Inside Broader Zone of 1.75 g/t AuEq Over 138m at Connector Zone

11/2/2022 – Troilus Discovers New 4.4 Km Gold Trend With Surface Samples Up to 32.2 G/T and 25.4 G/T Gold; Provides Summary of Regional Exploration

10/17/2022 – Troilus Drills 4.38 g/t AuEq Over 46m, Incl. 154.27 g/t Over 1m, Single Best Interval in Project's History; Discovers New At-Surface Gold Zone Near Z87 Open Pit; Provides Technical Study Update

10/3/2022 – Troilus Announces Completion of Non-Brokered Private Placement

9/21/2022 – Troilus Joins United Nations Global Compact Initiative

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
 
8.1 Moz AuEq (Indicated + Inferred) Resource in top-rated mining jurisdiction of Quebec, Canada
 
Brownfield Site with ~US$350M worth of inherited infrastructure; Strong Balance Sheet ($30.4M as of Jan 31, 2022)
 
Pre-Feasibility Study and Updated Mineral Resource Estimate in mid-2022
catalyst Calendar
Q1
2022
Permitting Process Initiated
Q2
2022
Pre-Feasibility Study
Q2
2022
Updated Mineral Resource (incl. inaugural Reserve)
Q4
2022
Feasibility Study