NEW: No-Cost Streetwise Live! Events. This type of intellectual capital is usually not made available to the general public. Learn More
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 FrotÍt-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:

Troilus Gold Corp. reported it is the first company to be granted ECOLOGO certification for responsible development for mineral exploration companies.
read more >
Troilus Gold triples its gold resource to 8.25 million ounces in two years, and exploration continues.
read more >
headshot of Gwen  Preston

Gwen Preston, The Maven Letter

(7/29/20)
"We got that revised resource estimate on Troilus Gold Corp.'s Troilus project this week, which included a maiden estimate for the newly outlined Southwest zone. . .importantly, most of the new ounces are open pittable, so not only has the company grown the resource dramatically, it has also defined ounces that are more attractive and likely economic than the underground resource that the project used to offer."

Tom Gallo, Canaccord Genuity

(7/29/20)
"Troilus Gold Corp.'s resource update continues to demonstrate open-pit growth potential and highlights the exploration potential that remains on the large land package with the addition of the recently discovered Southwest zone. . .in a rising gold price environment, this operation becomes more attractive, and with a growing resource base the company could climb toward the top of the mergers and acquisitions pipeline should it continue to derisk through further drilling and technical study."

Richard Gray, Cormark Securities

(7/29/20)
"Troilus Gold Corp. provided an updated resource estimate that showed a 25% increase in the overall resource to 8.11 Moz Au eq (from 6.47 Moz Au eq in the November 2019 resource). . .further drilling across the ever-expanding property is poised to grow the resource towards the 10 Moz level."

headshot of Pierre Vaillancourt

Pierre Vaillancourt, Haywood Securities

(7/29/20)
"The overall resource at Troilus Gold Corp.'s Troilus project increased by 25%, but the key addition was from the Southwest zone, which we believe could become the focus of the deposit. . .we are encouraged by the resource update and especially the initial open-pit resource at the Southwest zone, which we believe will continue to grow and enhance the economics of the Troilus project."

Jacques Wortman, Laurentian Bank Securities

(7/29/20)
"Troilus Gold Corp.announced a new resource estimate for the Troilus project after market close yesterday and subsequently conducted a technical session. The total open-pit and underground tons increased materially. . .as expected, the key drivers were a higher gold price assumption and the inclusion of the new Southwest zone. . .a preliminary economic assessment is targeted for completion in late September."

headshot of Philip Ker

Philip Ker, PI Financial

(7/29/20)
"Troilus Gold Corp. announced an updated resource estimate for its wholly owned Troilus gold project. . .the ongoing resource growth and remaining upside from the new Southwest zone pave the way for future growth and the foundation of a near-term project preliminary economic assessment."

Troilus Gold accomplishes this by staking and acquiring 422 new claims.
read more >
Subsequently, Troilus Gold plans regional and infill drilling at the property.
read more >
Troilus Gold's valuation and similarities to Detour Gold are discussed in a Stifel report.
read more >
A potential mining scenario for Troilus Gold's gold-copper project is presented in a PI Financial report.
read more >
Recent drill results from Troilus Gold's Quebec project are analyzed in a Red Cloud Securities report.
read more >
Recent results from Troilus Gold's drilling of its Southwest zone are discussed in a Haywood report.
read more >
A Laurentian Bank Securities report notes Troilus Gold's new drill results from the final holes of its latest drill campaign demonstrate expansion potential.
read more >
A Cormark Securities report highlights that recent exploration by Troilus Gold yields one of the best holes ever drilled on the property.
read more >
Troilus Gold's most recent drill results at its past-producing Quebec project are discussed in a Stifel GMP report.
read more >

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 Derek Macpherson
Derek Macpherson, VP Mining Analysis – Red Cloud Securities
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
Jared Shilson, Senior Research Associate, Mining – PearTree Securities
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

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)