Welcome to our dedicated page for TROILUS MNG news (Ticker: CHXMF), a resource for investors and traders seeking the latest updates and insights on TROILUS MNG stock.
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.
Summary not available.
Troilus Gold Corp. (OTCQX: CHXMF) announces significant assay results from its ongoing drilling at the Southwest Zone of the Troilus Gold Project in Quebec. The new drill hole ZSW21-512 yielded standout results, including 3.58 g/t AuEq over 15 meters, showcasing some of the best results in the project's history. With a total of 43,800 meters drilled in this zone since 2019, the potential for resource expansion is promising. The ongoing drilling aims to enhance the mineral resource estimate expected to contribute to the project's future economic viability.
OTC Markets Group Inc. announced that Troilus Gold Corp. has upgraded to the OTCQX Best Market from the OTCQB Venture Market, effective June 7, 2021. Trading under the symbol CHXMF, this upgrade signifies Troilus Gold's compliance with high financial standards and corporate governance. CEO Justin Reid emphasized this milestone's importance, enhancing visibility among U.S. investors. Troilus, focusing on advancing its Quebec-based gold and copper asset, aims to establish itself as a cornerstone project in North America.
Troilus Gold Corp. (OTCQB: CHXMF) reports positive assay results from five new drill holes in the rapidly expanding Southwest Zone of its 100%-owned Troilus Gold Project in Quebec. Notable results include intersections with up to 12.37 g/t AuEq over 1m and the extension of mineralization by over 400 metres northeast into the Gap Zone. The Inferred resource has risen to 580,000 oz AuEq, part of a total resource of 4.96 Moz AuEq. Continued drilling is planned for the spring and summer of 2021 to further explore these promising new zones.
Troilus Gold Corp. (OTCQB: CHXMF) has announced a definitive agreement to acquire all common shares of UrbanGold Minerals Inc. in a strategic move to enhance its mineral holdings within the Frôtet-Evans Greenstone Belt. Troilus currently holds 9.7% of UrbanGold and proposes an exchange ratio of 0.3004 Troilus shares for every UrbanGold share, valuing the transaction at approximately C$19 million. The deal is expected to close by the end of May 2021, contingent on shareholder approval and regulatory clearances.
Troilus Gold Corp. has reported significant assay results from the Southwest Zone of its Troilus Gold Project in Quebec. The gold zone has expanded by 25%, now measuring over 1 km. Key intercepts include 3.65 g/t AuEq over 9m and 1.18 g/t AuEq over 15m, demonstrating strong mineralization continuity towards the Z87 and J Zones. The latest results indicate promising potential for an updated mineral resource estimate and a forthcoming Pre-Feasibility Study set for late 2021.