Welcome to our dedicated page for Troilus Gold news (Ticker: CHXMF), a resource for investors and traders seeking the latest updates and insights on Troilus Gold stock.
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 Corp. (TSX: TLG; OTCQX: CHXMF) announced new assay results from the Southwest Zone of its Troilus deposit in Quebec. Ongoing drilling has confirmed significant mineralization, with a strike length expanding to 1.85 km. Highlights include hole SW-21-523 reporting 4.52 g/t AuEq over 5m. Most intercepts extend beyond the Preliminary Economic Assessment (PEA) pit shell, suggesting potential for future resource growth. The company plans to complete a new mineral resource estimate and Pre-Feasibility Study in the first half of 2022, leveraging its exploration advancements and drill density improvements.
Troilus Gold Corp. (OTCQB: CHXMF) held its Annual General Meeting on December 15, 2021, where shareholders elected new directors with over 43% of shares represented. The election results showed overwhelming approval for nominees, with all receiving over 99% of votes in favor. Additionally, shareholders approved the appointment of the Company’s auditors. Former director Andrew Cheatle did not seek re-election. Troilus aims to advance the Troilus Mine project in Quebec, which previously yielded over 2 million ounces of gold and continues to show potential for further development.
Troilus Gold Corp. announced that President and CEO Justin Reid will present live at VirtualInvestorConferences.com on October 21, 2021, at 12:30 PM ET. The company, focused on advancing the Troilus Project in Quebec, boasts a strong cash position of CAD$56 million raised earlier in 2021. Troilus holds a significant mineral resource of 4.96 Moz AuEq (Indicated) and 3.15 Moz AuEq (Inferred), with an updated resource expected in H1 2022. Investors are encouraged to register for the event, and a webcast will be available post-event.
Troilus Gold Corp. (OTCQX: CHXMF) reported significant assay results from the Southwest Zone of its 100%-owned Troilus deposit in Quebec. The latest results confirm a substantial extension of the ore body beyond the pit shell proposed in the 2020 Preliminary Economic Assessment. Key highlights include numerous high-grade gold intersections across a previously untested area. Ongoing drilling at ~7,000 metres per month aims to complete a new mineral resource estimate by H1 2022, enhancing the project's potential as mineral continuity supports a broader geological model.
Troilus Gold Corp. (OTCQX: CHXMF) announces significant assay results from its ongoing drilling at the Southwest Zone of the Troilus Gold Project in Quebec. The new drill hole ZSW21-512 yielded standout results, including 3.58 g/t AuEq over 15 meters, showcasing some of the best results in the project's history. With a total of 43,800 meters drilled in this zone since 2019, the potential for resource expansion is promising. The ongoing drilling aims to enhance the mineral resource estimate expected to contribute to the project's future economic viability.
OTC Markets Group Inc. announced that Troilus Gold Corp. has upgraded to the OTCQX Best Market from the OTCQB Venture Market, effective June 7, 2021. Trading under the symbol CHXMF, this upgrade signifies Troilus Gold's compliance with high financial standards and corporate governance. CEO Justin Reid emphasized this milestone's importance, enhancing visibility among U.S. investors. Troilus, focusing on advancing its Quebec-based gold and copper asset, aims to establish itself as a cornerstone project in North America.
Troilus Gold Corp. (OTCQB: CHXMF) reports positive assay results from five new drill holes in the rapidly expanding Southwest Zone of its 100%-owned Troilus Gold Project in Quebec. Notable results include intersections with up to 12.37 g/t AuEq over 1m and the extension of mineralization by over 400 metres northeast into the Gap Zone. The Inferred resource has risen to 580,000 oz AuEq, part of a total resource of 4.96 Moz AuEq. Continued drilling is planned for the spring and summer of 2021 to further explore these promising new zones.
Troilus Gold Corp. (OTCQB: CHXMF) has announced a definitive agreement to acquire all common shares of UrbanGold Minerals Inc. in a strategic move to enhance its mineral holdings within the Frôtet-Evans Greenstone Belt. Troilus currently holds 9.7% of UrbanGold and proposes an exchange ratio of 0.3004 Troilus shares for every UrbanGold share, valuing the transaction at approximately C$19 million. The deal is expected to close by the end of May 2021, contingent on shareholder approval and regulatory clearances.
Troilus Gold Corp. has reported significant assay results from the Southwest Zone of its Troilus Gold Project in Quebec. The gold zone has expanded by 25%, now measuring over 1 km. Key intercepts include 3.65 g/t AuEq over 9m and 1.18 g/t AuEq over 15m, demonstrating strong mineralization continuity towards the Z87 and J Zones. The latest results indicate promising potential for an updated mineral resource estimate and a forthcoming Pre-Feasibility Study set for late 2021.