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:

Capital Cube

(2/2/23)
"For the quarter ending Oct. 31, 2022, Troilus Gold Corp. has current assets of CA$18.91M. . .the company has enough money to finance its operations for a year and does not need to raise capital in the immediate future."

headshot of Pierre Vaillancourt

Pierre Vaillancourt, Haywood Securities

(1/27/23)
"Troilus Gold Corp.'s latest drill results, from the Connector zone at Troilus, demonstrate mineral continuity of higher grades extending on a northwest trend between the two formerly mined pits. These shallow zones exist within and in close proximity to the preliminary economic assessment pit shells, so the company believes they could be brought into the near-term mine plan."

Brandon Gaspar, Sprott Equity Research

(1/26/23)
"Troilus Gold Corp. reported results from two holes from the Connector zone between the two historic open pits. Highlights include 29m at 4.3 g/t Au eq (including 18m at 6.4 g/t) from 115m, 49m at 1 g/t from 581m and 18.7m at 1.3 g/t from 550m, all outside of the current preliminary economic assessment pit shell."

read more >
read more >

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."

read more >
read more >

More Expert Comments

Experts Following This Company

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 

1/26/2023 – Troilus Drills 4.33 g/t AuEq Over 29m, incl. 6.37 g/t Over 18m at the 87-J Connector Zone

1/17/2023 – Troilus Presents Its 2022 Year-In-Review & Outlook for 2023; an Open Letter to Shareholders From the CEO

12/12/2022 – Troilus Presents Its 2021 Sustainability Report

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

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.

Streetwise Company Fact Sheet

Troilus Gold Corp.

(TLG:TSX - CHXMF:OTC - CM5R:FRA)

2023/2/8 12:22:22

Analyst coverage

Velocity Trade CapitalPaul O'Brien
StifelIan Parkinson
Sprott Equity ResearchBrock Salier
Haywood SecuritiesPierre Vaillancourt
Laurentian Bank SecuritiesJacques Wortman

Newsletter coverage

Company News

View Latest News

Streetwise Reports Articles

12/01/2022 - View Article
11/18/2022 - View Article
10/20/2022 - View Article
08/19/2022 - View Article
07/01/2022 - View Article
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 of +$50 million as of Dec. 2022
 
Updated Mineral Resource Estimate in early 2023; Completion of a Feasibility Study in H2 2023
catalyst Calendar
Q1
2023
Federal/Provincial Permitting Initiated
Q2
2023
Mineral Resource Update
Q3
2023
Feasibility Study