Justin Reid, President and CEO of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), joins us to overview the opportunity at the Troilus Gold Project, an advanced stage exploration and early-development company focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. Troilus holds a strategic land position of 142,000 ha (1,420 km²) northeast of the Val-d’Or district, within the Frôtet-Evans Greenstone Belt in Quebec, Canada.
We start with the history of how the Company was able to pick this asset and $350M of above ground infrastructure up from First Quantum minerals a few years ago debuting on the market in 2018. The team at Troilus Gold has grown the resource by 350% since inception from over 2 million ounces to now over 8.1 ounces of gold in all categories. We discuss some of the figures like a 22 year mine life producing around 250,000 ounces per year of gold production and 17-22 million pounds of copper per annum from the PEA which is over a year and a half old now. Justin unpacks that since then the company has drilled another 150,000 meters and greatly expanded the Southwest Zone, and all of this will factor into the Pre-Feasibility Study due out by July of 2022, and it will be completely and open pit project moving forwards, with plenty of room for further expansion of resources.
Next we have Justin outline some of the key members of the management team and board of directors, outlining that they attracted a qualified team that can execute on permitting, development, and implementation of production in the medium term. We wrap up with some of the financial information on the company and key stakeholders.
If you have questions for Justin regarding Troilus Gold, then please email us at Fleck@kereport.com and Shad@kereport.com.