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. Troilus holds a land position of 43,500 ha (435 km²) northeast of the Val-d’Or district, within the Frôtet-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.
Corporate & Project Highlights
The Troilus mine produced 2 million ounces of gold and almost 70,000 tonnes of copper between 1996 and 2010. The areas below and around the former pits are currently estimated to contain Indicated and Inferred gold equivalent resources of 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 to 3.15 Moz AuEq (116.7 Mt with an average grade of 0.84 g/t AuEq), respectively, and remain open for further mineral discoveries. Positive results from internal economic and technical analyses highlight a unique opportunity for a potential mine restart and our team believes that this asset possesses the key elements for long-term value creation.