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 90% following a drilling program of over 36,000 metres in 2018. The property currently hosts an estimated 3.9 million ounces of gold equivalent in the Indicated category, and 1.2 million ounces of gold equivalent in the Inferred category. Approximately 40,000 metres of drilling are planned in 2019.
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.