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TLG:TSX; CHXMF:OTCQX

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:OTCQX

Expert Comments:

The background and responsibilities of a recently appointed Troilus Gold executive are described in a Laurentian Bank Securities report.
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Jacques Wortman, Laurentian Bank Securities

(6/1/21)
"Troilus Gold Corp. announced this morning the appointment of Richard Harrisson to the newly created role of chief operating officer. . .Harrisson has 20+ years of mining industry experience in the areas of operations, mine engineering and construction. Most recently, he served as a director of project evaluations at Canadian Malartic."

The latest drill results from Troilus Gold's Troilus property are discussed in a Red Cloud exploration update report.
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In a Stifel report, Troilus Gold's latest drill results are interpreted and shown to have positive implications.
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headshot of Gwen  Preston

Gwen Preston, The Maven Letter

(5/19/21)
"Between Troilus Gold Corp. deferring pre-strip and pit pushback costs in favor of mining the low strip and now-large Southwest deposit to start, not having to pay the royalty to First Quantum, eliminating the underground, steepening the pit walls and optimizing the scale, I think the prefeasibility study will be significantly better than the preliminary economic assessment. I don't know if the market has realized this yet. . .I think the main reason TLG has advanced so many lines of work with the potential to create a PFS that is notably better than the PEA is because the Troilus team is focused on building this mine."

Troilus Gold's latest drill results, from the J zone, are discussed in a Haywood Securities report.
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The acquisition is completed one day after UrbanGold shareholders give their approval.
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headshot of Pierre Vaillancourt

Pierre Vaillancourt, Haywood Securities

(5/13/21)
"Newly reported drill results from Troilus Gold Corp.'s J zone have identified new extensions of mineralization within and outside of the pit shell proposed in the preliminary economic assessment (PEA) and help to validate the scale potential of the gold system on the property. . .the identification of a western extension of the J zone, traced over 200m in strike, previously modeled as waste within the PEA pit shell, has the potential to make a substantial addition to the Troilus resource."

headshot of Gwen  Preston

Gwen Preston, The Maven Letter

(5/12/21)
"Troilus Gold Corp.'s drilling on the Troilus project J zone deposit has expanded the potential mineralization there by 50m beyond previous drilling; hole 226 hit a parallel zone of mineralization defined by 68m of 1.1 g/t gold equivalent (Au eq), including 10m of 1.7 g/t Au eq and 3m of 2.2 g/t Au eq. Hole 225 was drilled through and well below the preliminary economic assessment pit outline and included a 1 g/t Au eq interval over 34m within the pit shell and 2.1 g/t Au eq below the pit shell."

Timothy Lee, Red Cloud Securities

(5/12/21)
"Troilus Gold Corp. reported the results from seven holes at its Troilus project targeting the J zone area. In addition to extending the zone at depth, below the past producing pit, the holes encountered new parallel areas of mineralization to the northwest of the main zone."

Ian Parkinson, Stifel

(5/12/21)
"Troilus Gold Corp.'s drilling at Troilus has transformed what was previously classified as waste in the 2020 preliminary economic assessment pit volume to resource grade rock (1.10 g/t Au eq over 68m, from 93m depth, inside the PEA pit shell). This means likely more ounces in the same volume, lower overall strip and more ounces close to surface and close to the mill; in addition, defining an additional gold bearing unit higher up in the stratigraphy changes the geologic picture and opens more ground for possible discovery."

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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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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More Expert Comments

Experts Following This Company

Tyron Breytenbach, Analyst – Cormark Securities
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

6/9/2021 – REPEAT - Troilus Intersects 1.51 g/t AuEq Over 19m, Incl. 2.28 g/t AuEq Over 8 Metres in J Zone; Expands Strike Length of New Parallel Zone by 250% from 200m to 700m

6/7/2021 – Troilus Upgrades to OTCQX Best Market; Top Tier of the OTC Markets

6/1/2021 – Troilus Appoints Industry Veteran Richard Harrisson as Chief Operating Officer to Lead the Troilus Gold and Copper Project Redevelopment

5/18/2021 – Troilus Completes Acquisition of UrbanGold Minerals

5/17/2021 – UrbanGold Minerals' Shareholders Overwhelmingly Approve Troilus Gold's Acquisition of UrbanGold Minerals

5/12/2021 – Troilus Expands Western Footprint of J Zone; Intersects 2.12 g/t AuEq Over 13 Metres and 1.10 g/t AuEq Over 68 Meters Within 200 Metres of Surface

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

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)