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Troilus Gold Corp is a leading gold exploration and development company with a focus on its Large Scale Open-Pit Project. Their low-cost production model has yielded strong economic results in the current inflationary environment. The company boasts attractive capital intensity and significant exploration upside. The 2024 Feasibility Study outlines the project's potential, showcasing robust cash flow projections, and a comprehensive process flowsheet.
Troilus Gold has discovered a new gold zone, the 'West Rim Zone,' near the North Reserve Pit at its Troilus Project in Quebec.
The West Rim Zone showed 1.37 g/t AuEq over 11m within a broader intersection of 0.74 g/t AuEq over 32m starting at just 21m downhole.
Additionally, Zone X22 results extended mineralization to a depth of 550m, with notable intercepts including 10.27 g/t AuEq over 1m and 0.83 g/t AuEq over 30m.
The discovery is part of a 25,000m drilling campaign aimed at expanding and defining select drill targets. The West Rim Zone is an exhalative stratigraphic horizon within felsic to intermediate metavolcanic rocks, demonstrating a gold-bearing VMS system.
CEO Justin Reid highlighted the significance of these results, noting the potential for underground development and further drilling in the coming months.
Troilus Gold Corp. announced the results of its Feasibility Study for the gold-copper Troilus Project in Quebec. The study supports a 22-year open-pit mining operation with a daily throughput of 50,000 tonnes, producing significant amounts of gold, copper, and silver annually. The project has an NPV of $884.5 million and an IRR of 14% based on base case metal prices. Peak annual production is expected in year 7 with 456,100 ounces of gold. Initial capital expenditure is $1.074 million, and operating costs are projected to be low. The project benefits from existing infrastructure, minimizing additional capital requirements and emphasizing sustainable practices.
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