Troilus Mining Corp. reports developments tied to its Troilus copper-gold project in north-central Québec, Canada. Recurring updates cover exploration drilling across the project land package, near-mine resource growth, engineering progress, construction-readiness planning, permitting and project financing activities.
Company news also includes commercial arrangements for copper-gold concentrate, lender and export-credit agency engagement, technical validation work, and finance or governance changes that support the transition from project definition toward mine development.
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.
Troilus Gold Corp. (OTCQX: CHXMF) announced successful metallurgical recovery results for its Zone 87, achieving a gold recovery of 95.5%, copper recovery of 95.9%, and silver recovery of 92.8%. These results, part of a pilot plant testing program, surpass earlier metrics from the 2020 Preliminary Economic Assessment, which recorded gold and copper recoveries of 90% and silver at 40%.
These findings enhance the viability of the Troilus Project in Quebec, supporting the upcoming Pre-Feasibility Study and future economic assessments.
Troilus Gold Corp (CHXMF) announces initial assay results from its Phase II Gap Zone drill program at the Troilus Project in Quebec. The drill program, covering ~11,000 meters, confirms mineralization extensions between the Z87 and Southwest Zone pits. Key findings include 1.04 g/t AuEq over 13 meters and various higher-grade intervals in multiple drill holes. The ongoing exploration indicates potential for further mineralization discoveries. CEO Justin Reid highlights the encouraging results and believes the mineralization can be traced to the surface.
Troilus Gold Corp. (OTCQX: CHXMF) has announced successful metallurgical recovery results from the Southwest Zone of its Troilus Project in Quebec. A sample of approximately 3 tonnes yielded copper recovery of 93.5%, gold recovery of 88.3%, and silver recovery of 89.4%. These results reportedly exceed previous assessments and will support an upcoming Pre-Feasibility Study. CEO Justin Reid expressed satisfaction with the consistent recovery rates, which align with earlier results from the J Zone. Ongoing testing on the Z87 Zone is forthcoming.