Company

About Us

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 16,000-hectare Troilus property is located Northeast of the Val-d’Or district, within the Frotêt-Evans Greenstone Belt in Quebec, Canada. From 1997 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

  • Unique opportunity for potential mine restart in Quebec, Canada - one of the world’s most attractive mining jurisdictions (*according to the Fraser Institute’s annual survey of the mining industry);
  • Past-producing mine with significant existing infrastructure, including operating power lines and sub-station, extensive network of roads and operating water treatment facility;
  • Several million ounces of gold defined on the property; Excellent mineral expansion potential with incremental dollars;
  • Strong development strategy, including phased exploration program and updated technical studies;
  • Strong municipal and community support;
  • Access to experienced labour pool due to proximity to Chibougamau & Mistissini, Quebec;
  • Led by a highly experienced technical and capital markets team with a proven track-record of successful mine development;
  • Well capitalized, no debt;
  • Strong institutional shareholder base, including major global resource funds.

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 3.92 million ounces and 1.17 million ounces, 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.