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Troilus Mining Corp. (CHXMF) generates frequent news as it advances the Troilus copper-gold project in Quebec from development toward potential construction. Company updates often focus on technical milestones, permitting progress, financing initiatives, and commercial partnerships that shape the future of this large-scale open-pit mining project.
Investors following CHXMF can expect news on engineering work led by BBA Inc., including progress on basic and detailed engineering, process flowsheet definition, capital cost estimation, and construction readiness planning. Troilus also issues releases on regulatory steps such as the filing and review of its Environmental and Social Impact Assessment with provincial and federal authorities.
Financing and commercial developments are another key theme. The company has announced indicative expressions of interest from export credit agencies, mandates for a senior project debt facility with international financial institutions, and indicative offtake terms and a Memorandum of Agreement for long-term copper-gold concentrate sales with European smelters Aurubis AG and Boliden Commercial AB. Equity financings and changes in auditors or strategic advisors are also reported through its news flow.
Troilus’ news coverage further highlights environmental and social initiatives, including community engagement with Indigenous and local partners, recognition by the Québec Mineral Exploration Association, and participation in Canadian government-led critical minerals missions to Germany, Japan, and South Korea. For investors and observers, the CHXMF news page offers a centralized view of how the company is progressing across technical, regulatory, financial, and ESG dimensions as it works to advance one of Canada’s significant undeveloped gold-copper projects.
Troilus Gold Corp. announces the appointment of Andy Fortin as Vice President of Operations and General Manager of the Troilus Mine. Fortin brings 28 years of experience, including 12 years at Troilus Mine from 1996-2008. The company reports significant operational progress, including dewatering operations that have removed over 2 million cubic metres of water from the J4 pit. The company has secured Letters of Intent totaling US$1.3 billion from multiple Export Credit Agencies. The Environmental and Social Impact Assessment is advancing, with final community consultations completed and submission planned for early Q1 2025.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) has announced the installation of a new solar and wind energy generation system at its Troilus site. The system, developed in collaboration with Tugliq Energie Co., includes 500 solar panels capable of generating up to 222.5 kWp and a wind turbine generating up to 15kWp. This installation will supplement the existing 50MW substation connected to the Hydro-Quebec grid and provide backup power.
The company aims to develop a mix of sustainable energy solutions as it prepares for a potential mine restart. Troilus is also collecting wind data to explore future wind farm development. The new system is expected to reduce reliance on diesel generators, which doubled Scope 1 GHG emissions and increased energy costs by 33% during the 2023 forest fires.
Troilus is currently the largest permitting stage copper project in Quebec, with projected average production of 17.3 million pounds of copper annually over a 22-year mine life, aligning with Quebec's priority on battery metal production for energy transition.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) has announced positive drill results from its newly discovered 'West Rim' VMS target at the Troilus Project in Quebec, Canada. Key highlights include:
- Hole WR-24-003: 1.66 g/t AuEq over 20m, including 3.10 g/t AuEq over 8m
- Hole WR-24-004: 1.08 g/t AuEq over 11m, including 7.13 g/t AuEq over 1m
The West Rim target is located within 150 meters of the North Reserve Pit Shell and shows potential to enhance the mine model. The prospective trend extends for about 4km and remains largely unexplored. The company plans to commence the next round of drilling in the coming weeks, focusing on identifying higher-grade ounces that could be incorporated early in the mine plan.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) has initiated a major milestone in its exploration and development plans by starting the dewatering process of the J4 pit. This operation is expected to take approximately 6 months, with dewatering of the larger Z87 pit scheduled to begin in 2025, lasting about 18 months. The dewatering will provide safe access for ongoing exploration and is important for the redevelopment of the existing mine site.
Key points:
- Three 140Hp pumps are currently operating at the J4 pit
- New infrastructure has been constructed, including a main basin and spillway
- The project uses renewable hydroelectric power from Hydro-Quebec
- Water treatment facilities have been upgraded to meet government quality standards
- Environmental monitoring systems are in place to ensure minimal impact
- The company received approval for the dewatering project in 2020 after submitting an Environmental Impact Assessment in 2019
Troilus Gold has filed its NI 43-101 Technical Report for the Troilus Project's Feasibility Study (FS). The FS, prepared by AGP Mining Consultants, is in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects. The report supports disclosures made in the company's May 14, 2024, news release and is available on the Troilus website and SEDAR+. The Troilus Project is located in northcentral Quebec, Canada, within the Frôtet-Evans Greenstone Belt.
The report titled 'NI 43-101 Feasibility Study: Troilus Gold – Copper Project Québec Canada' has an effective date of May 14, 2024. It confirms the independent review by Qualified Persons from AGP, Lycopodium, Lamont, and WSP, who have verified the accuracy of the FS in their respective sections.
Troilus Gold has announced successful metallurgical results from its pilot plant testing for Zone X22, part of its Troilus Project in Quebec. The tests confirmed high recovery rates with 91.4% for gold, 94.0% for copper, and 87.2% for silver. These results align with previous data from other zones, ensuring consistent and predictable outcomes across the project.
The testing involved two representative samples, each weighing around 1.5 tonnes, and was conducted at Eriez's facility in Pennsylvania and FLSmidth Knelson in Utah. These findings bolster confidence in the projected production rates and support the company's environmentally friendly, cyanide-free process.
Troilus Gold has discovered a new gold zone, the 'West Rim Zone,' near the North Reserve Pit at its Troilus Project in Quebec.
The West Rim Zone showed 1.37 g/t AuEq over 11m within a broader intersection of 0.74 g/t AuEq over 32m starting at just 21m downhole.
Additionally, Zone X22 results extended mineralization to a depth of 550m, with notable intercepts including 10.27 g/t AuEq over 1m and 0.83 g/t AuEq over 30m.
The discovery is part of a 25,000m drilling campaign aimed at expanding and defining select drill targets. The West Rim Zone is an exhalative stratigraphic horizon within felsic to intermediate metavolcanic rocks, demonstrating a gold-bearing VMS system.
CEO Justin Reid highlighted the significance of these results, noting the potential for underground development and further drilling in the coming months.
Troilus Gold Corp. announced the results of its Feasibility Study for the gold-copper Troilus Project in Quebec. The study supports a 22-year open-pit mining operation with a daily throughput of 50,000 tonnes, producing significant amounts of gold, copper, and silver annually. The project has an NPV of $884.5 million and an IRR of 14% based on base case metal prices. Peak annual production is expected in year 7 with 456,100 ounces of gold. Initial capital expenditure is $1.074 million, and operating costs are projected to be low. The project benefits from existing infrastructure, minimizing additional capital requirements and emphasizing sustainable practices.
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