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 indicated mineral resources have increased 142% and inferred mineral resources have increased 350%, following drilling of over 80,500 metres in the last two and a half years. The property currently hosts an estimated 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).
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.