TLG:TSX; CHXMF:OTCQB

Troilus Gold Corp.

The Troilus Gold Project: A New Life for the Former Troilus Gold Mine - Troilus is an advanced stage exploration and early-development company focused on the mineral expansion and mine re-start of the former gold and copper Troilus mine. The 84,600 hectare Troilus property is located within the Frotêt-Evans Greenstone Belt in Quebec, Canada. The Troilus mineral resource estimate of 4.71 million ounces of gold equivalent Indicated and 1.76 million ounces of gold equivalent Inferred, has grown 129% since 2017 making Troilus one of the largest undeveloped gold deposits in North America.
TLG:TSX CHXMF:OTCQB

Expert Comments:

The transaction and the implications for Troilus Gold are discussed in a Haywood Securities report.
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Troilus Gold's acquisition of UrbanGold and how the addition of its property in the Frôtet-Evans Greenstone Belt benefits the explorer are addressed in a Laurentian Bank Securities report.
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headshot of Gwen  Preston

Gwen Preston, The Maven Letter

(3/24/21)
"In a move that will increase its Troilus project's already large land position, Troilus Gold Corp. is buying UrbanGold Minerals in an all-share deal valued at $19M. . .the deal bolsters Troilus Gold's takeout potential; the scale of its district opportunity just increased significantly."

Jacques Wortman, Laurentian Bank Securities

(3/23/21)
"Troilus Gold Corp. has announced this morning that it has entered into a definitive agreement to acquire UrbanGold Minerals by way of a three-cornered amalgamation. The key driver associated with this transaction is a 33% increase in landholding on the highly prospective Frotet-Evans greenstone belt, including the significant land position to the southwest of the key northeast-southwest trend that hosts the past-producing pits (Z87 and J zone), the Southwest zone and, potentially, the Beyan prospect."

headshot of Pierre Vaillancourt

Pierre Vaillancourt, Haywood Securities

(3/23/21)
"Troilus Gold Corp.'s acquisition of UrbanGold complements the existing land position at Troilus and establishes the company as a major area play in the Frotet-Evans greenstone belt in the Chibougamau camp. . .we expect the addition of the UrbanGold property will add to the potential of the Southwest zone, ultimately expanding the resource."

Ian Parkinson, Stifel

(3/23/21)
"Troilus Gold Corp. intends to buy UrbanGold in an all share deal valuing UrbanGold at CA$19M. . .following the deal the company is now the largest mineral claims holder within the Frotet-Evans greenstone belt; UrbanGold adds 35,100 ha to Troilus Gold's existing 107,300 ha. Most important, the ground is along strike of the newly discovered Southwest zone."

headshot of Gwen  Preston

Gwen Preston, The Maven Letter

(3/17/21)
"The latest round of assays from the Southwest zone at Troilus Gold Corp.'s Troilus project extended the strike by 25%. The Southwest zone is essentially a stack of mineralized lenses; the central lens, called Main, is now 1 km long (up from 825m) while the two lenses of the parallel West zone are now 100m longer."

Ian Parkinson, Stifel

(3/16/21)
"Troilus Gold Corp. was out on Tuesday morning with more drill results, effectively increasing the Southwest zone strike by 25% and more than doubling the width of the mineralized package. While grades are in line with the current Inferred resource grade, they showcase the growing near surface scalability of the Southwest zone significantly beyond what is currently defined."

Troilus Gold's new Southwest zone drill results outline a mineralized system that "dwarfs the pit shell proposed in the preliminary economic assessment."
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Troilus Gold's newest findings at its Troilus project's Southwest zone are discussed in a Red Cloud Securities report.
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Recent drill results from the Southwest zone at Troilus Gold's Troilus project are discussed in a Laurentian Bank Securities report.
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Troilus Gold's latest results from the Southwest zone are discussed in a Stifel GMP report.
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Troilus Gold's exploration work at its Troilus project in 2020 is reviewed in a Canaccord Genuity report.
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Troilus Gold reported it intersected 1.95 g/t gold equivalent over 20 meters including 2.73 g/t gold equivalent over 9 meters at the recently discovered Southwest Zone at its Troilus Gold project.
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Troilus Gold Corp. reported it has been awarded the "Excellence in Sustainable Development" Award by the Quebec Mineral Exploration Association at the XPLOR 2020 Virtual Award Ceremony.
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Sampling results from Troilus Gold's Troilus project include 203 g/t gold, 2,440 g/t silver and 4.37% copper.
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More Expert Comments

Experts Following This Company

Tyron Breytenbach, Analyst – Cormark Securities
David Erfle – JuniorMinerJunky
Richard Gray, Analyst – Cormark Securities
headshot of Philip Ker
Philip Ker, Mining Analyst – PI Financial
headshot of Peter Krauth
Peter Krauth, Pres – Gold Resource Investor
headshot of Derek Macpherson
Derek Macpherson, VP Mining Analysis – Red Cloud Securities
Clive Maund – CliveMaund.com
Ian Parkinson – Stifel
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Pierre Vaillancourt
Pierre Vaillancourt, Vice President and Senior Mining Analyst – Haywood Securities
Jacob Willoughby, VP Research – Red Cloud Securities
Jacques Wortman, Mining Analyst – Laurentian Bank Securities

Company News

4/8/2021 – Troilus Expands Southwest Zone Strike Length by 40% to 1.5 km; Extends Gold Mineralization 450 Metres Below PEA Pit

3/23/2021 – Troilus to Acquire UrbanGold Minerals in All-Share Transaction

3/16/2021 – Troilus' Southwest Zone Strike Length Expands by a Further +25%; Drills 3.65 g/t AuEq Over 9m, Incl. 5.32 g/t AuEq Over 6m and 14.63 g/t AuEq Over 1m Within 100m of Surface

3/1/2021 – Troilus Gold Corp. Announces Participation in Red Cloud's 2021 Pre-PDAC Mining Showcase

2/24/2021 – Troilus Extends Gold Bearing Zone Well Beyond Pea Pit Limits in the Southwest Zone With Intercepts of 1.16 g/t AuEq Over 18m, Incl. 2.36 g/t Over 7m and 11.1 g/t Over 1m; 1.08 g/t AuEq Over 16m, Incl. 1.87 g/t Over 7m and 2.56 g/t Over 4m

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
 
One of the largest undeveloped Gold deposits in North America
 
Strong Balance Sheet, Low risk jurisdiction, major infrastructure in place, blue sky growth potential
 
Strong Institutional & Insider ownership, Experienced leadership team, Finding gold for <$5/oz AUEq vs.$174/oz average global
catalyst Calendar
Q2
2020
Recent deal closing ($25 million bought deal due to close later this month)
Q2
2020
New mineral resource estimate (late June/early July)
Q3
2020
PEA (late August)
Q3
2020
Permit approval for pit dewatering (summer)