The former Troilus Mine, located northeast of the Val-d'Or district of Quebec, produced 2 million ounces of gold and almost 70,000 tonnes of copper between 1996 and 2010.
The Troilus asset was acquired in 2017, following extensive due diligence including an in-depth geological assessment as well as economic and technical analyses. Since then, the inherited mineral resources have increased 129% following drilling of over 72,000 metres in 2018 & 2019. The property currently hosts an estimated 4.71 million ounces of gold equivalent in the Indicated category, and 1.76 million ounces of gold equivalent in the Inferred category.
As a result of the previous operation, the Troilus property already has well established infrastructure, including an extensive network of well-maintained roads, a substation and high-tension power lines maintained by Hydro-Quebec, a permitted tailings facility, and operating water treatment plant.
Our team believes that the Troilus project represents a unique opportunity for a potential mine restart in one of the world’s most favourable mining jurisdictions.