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.

TLG:TSX CHXMF:OTC CM5R:FRA

Expert Comments:

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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."

headshot of Gwen  Preston

Gwen Preston, The Maven Letter

(6/29/22)
"If mineralization does continue through Troilus Gold Corp.'s Gap zone (and it looks it might), that would provide major potential to grow this asset; the company is off to a great start with these numbers. They aren't splashy but Troilus doesn't generate a lot of splashy numbers and they don't have to be splashy to add up in the context of this project, with great infrastructure, a very large resource already established and regional potential."

Jacques Wortman, Laurentian Bank Securities

(6/29/22)
"Assay results from five holes from Troilus Gold Corp.'s phase two Gap zone drill program show continuity of mineralized units found in Z87 and the Southwest zone. . .today's results are early stage but encouraging and support the company's thesis that mineralized units in the Z87 and Southwest zones extend into the Gap Zone. . .we have long believed that the Gap zone has significant potential."

Brandon Gaspar, Sprott Equity Research

(6/28/22)
"Troilus Gold Corp.'s metallurgical results from Southwest are positive given the recoveries achieved are in line with the preliminary economic assessment and SCPe 90% for Au-Cu. More relevant here is that the Southwest deposit is new/unmined historically (discovered in late 2019), so today's results being in line with past test work on the existing mineral resource estimate is a solid win and good 'sense check' ahead of the prefeasibility study."

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One Quebec-based junior is breathing life into an old gold camp and is poised for a re-rating in the coming months as it calculates a new resource estimate as part of its prefeasibility study — slated for mid-2022.
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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 

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

8/17/2022 – Troilus Drills 101m @ 1.27 g/t AuEq, Incl. 3.31 g/t AuEq Over 20m, and 65m @ 1.58 g/t AuEq, Incl. 22m @ 3.26 g/t AuEq, Extends High-Grade Mineralization +200m to the North and South of the Formerly Active Z87 Pit; Provides Pre-Feasibility Study Update

7/12/2022 – Troilus Reports Metallurgical Recoveries of 95.5% Gold, 95.9% Copper and 92.8% Silver From Zone Z87 Pilot Plant Test Program

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