Troilus is a Toronto-based, Quebec focused, 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. The 107,326 hectare Troilus property is located northeast of Chibougamau within the Frotêt-Evans Greenstone Belt in Quebec, Canada. From 1996 to 2010, Inmet Mining Corporation operated the Troilus project as an open pit mine, producing more than 2,000,000 ounces of gold and nearly 70,000 tonnes of copper.
Our team acquired the past-producing Troilus asset in 2017, following extensive due diligence including an in-depth geological assessment as well as economic and technical analyses. Since then, the project has been completely revitalized, 2018, 2019 and 2020 drilling has resulted in a 142% indicated mineral resource estimate increase with the current mineral resource at 4.96 Moz AuEq (177 Mt with an average grade of 0.87 g/t AuEq) and the total estimated inferred mineral resource has increased 350% with 3.15 Moz AuEq (116.7 Mt with an average grade of 0.84 g/t AuEq). With extensive infrastructure already in place, the Troilus project represents a unique opportunity for a potential mine restart in one of the world’s most favorable mining jurisdictions.
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