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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. (OTCQX: CHXMF) announced assay results from its X22 Zone at the Troilus Project in Quebec. A 6,500 metre drilling campaign aims to define this newly discovered mineralization zone, extending it by 150 metres to the south-west. Over 6,000 metres have been completed, with outstanding results such as 34m at 2.72 g/t AuEq from hole X22-23-027. The mineralization remains open for further exploration. An additional 1,300 metres of drilling is planned, with results expected to enhance the upcoming Feasibility Study and Mineral Resource Estimate. CEO Justin Reid emphasized the strong grade profile and continuity of the mineralization.
Troilus Gold Corp. reported promising assay results from Zone X22 at its Troilus Project in Quebec, indicating a new mineralized corridor extending over 800 meters. Significant intercepts include 18m at 1.34 g/t AuEq and 9m at 2.42 g/t AuEq. These findings will be included in the upcoming Definitive Feasibility Study. CEO Justin Reid highlighted the potential of Zone X22 to enhance the grade profile of the project, emphasizing its shallow depth and continuity. The company maintains a robust balance sheet and plans to continue targeted drilling to maximize the impact of the Feasibility Study.
Troilus Gold Corp. reported positive assay results from the Connector Zone at its Troilus Project in Quebec. The ongoing drill program aims to expand on previously identified high-grade mineralization between the Z87 and J4 open pits. Noteworthy results include drill hole 87-451, which yielded 4.33 g/t AuEq over 29 meters, and 87-449, which reported 2.07 g/t AuEq over 11.2 meters. CEO Justin Reid emphasized the implications of these results for the project’s future, suggesting they could enhance the mine plan and project economics. The company plans further exploration to identify high-grade near-surface targets for their upcoming Feasibility Study, expected in H2 2023.
Troilus Gold Corp. (OTCQX: CHXMF) achieved significant milestones in 2022, including successful exploration drilling of 83,000 meters, confirming high-grade discoveries across main zones. The Company initiated its permitting process for the Troilus Project and advanced its engineering work, including pilot plant metallurgical testing with high recovery rates. Notable financial progress included the sale of non-core claims for $40 million and a $10 million investment from Sayona Mining. Looking ahead, Troilus aims for an updated Mineral Resource estimate in Q1 2023 and a Feasibility Study in H2 2023, expecting a robust year of development and exploration.
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Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) announced positive drilling results from its Z87 zone in Quebec. The recent 11,000-metre drill program confirmed high-grade mineralization connecting the Z87 and J open pits, termed the 'Connector Zone'. Notable intercepts include 1.75 g/t AuEq over 138m and significant growth potential for indicated and inferred resources. CEO Justin Reid expressed confidence in the project's economics and further resource expansion.
Troilus Gold Corp. has reported initial results from its Summer 2022 regional exploration program at the Troilus property in Quebec. Conducted from May to October, the program involved extensive fieldwork, collecting over 5,000 samples. Significant findings include a multi-kilometre gold trend with a 1.5 g/t gold outcrop and high-grade boulders reaching up to 32.2 g/t gold, leading to the discovery of the "Rocket" target. This discovery is positioned close to Sumitomo's Regnault target, enhancing exploration potential, as Troilus aims to reaffirm the area's extensive mineralization.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) announced positive assay results from its 11,000-metre drill campaign at the Troilus Project in Quebec. The results reveal the thickest, highest-grade mineralization discovered so far, including the single highest-grade interval at the site. A new high-grade mineralized panel has been identified, prompting the company to shift focus from a pre-feasibility study to a Definitive Feasibility Study, expected in H2 2023. The data suggests potential for enhanced economic modelling, underscoring ongoing exploration efforts to optimize resource extraction.
Troilus Gold Corp. has officially joined the United Nations Global Compact (UNGC), a key global corporate sustainability initiative, pledging to align its operations with the UN Sustainable Development Goals. As part of this initiative, Troilus commits to principles related to human rights, labor, environment, and anti-corruption, joining over 16,000 companies worldwide. CEO Justin Reid emphasized the company’s dedication to responsible and sustainable practices, aiming to address significant global challenges.
Troilus Gold Corp. (CHXMF) announced new assay results from its ongoing drilling at the Z87 pit of the Troilus Project in Quebec. This 11,000-meter drill program aims to expand higher-grade mineralization. Key highlights include:
- Hole 87-22-415 reported 1.27 g/t AuEq over 101m, extending high-grade mineralization 120m south.
- Hole 87-22-421 recorded 1.58 g/t AuEq over 65m, extending high-grade resources 140m north.
The findings are expected to enhance the Pre-Feasibility Study, with results anticipated by Q3 2022.