Troilus Initiates ESIA Submission, Marking Significant Progress Toward Final Permitting
Troilus Gold Corp. has initiated the submission process for its Environmental and Social Impact Assessment (ESIA) for its copper-gold project in north-central Quebec. This milestone represents progress toward final permitting of one of Canada's largest undeveloped gold-copper deposits.
Under a new collaborative approach with the Impact Assessment Agency of Canada and the Cree Nation Government, Troilus can submit ESIA sections for review as they're completed, enabling early feedback incorporation. The ESIA culminates over five years of work, including field studies and stakeholder engagement, particularly with local Indigenous communities.
The assessment, prepared in partnership with BluMetric and Stantec, includes environmental baseline studies, social-economic impact evaluations, and extensive community consultations. The final ESIA submission is expected in Q2 2025.
Troilus Gold Corp. ha avviato il processo di presentazione della sua Valutazione di Impatto Ambientale e Sociale (VIAS) per il suo progetto di rame-oro nel Quebec centrale-nord. Questo traguardo rappresenta un progresso verso il rilascio finale dei permessi per uno dei più grandi depositi di oro e rame non sviluppati in Canada.
Grazie a un nuovo approccio collaborativo con l'Agenzia di Valutazione dell'Impatto del Canada e il Governo della Nazione Cree, Troilus può presentare le sezioni della VIAS per la revisione man mano che vengono completate, permettendo l'incorporazione di feedback anticipati. La VIAS è il risultato di oltre cinque anni di lavoro, compresi studi sul campo e coinvolgimento degli stakeholder, in particolare con le comunità indigene locali.
La valutazione, preparata in partnership con BluMetric e Stantec, include studi di riferimento ambientale, valutazioni dell'impatto socio-economico e consultazioni extensive con la comunità. La presentazione finale della VIAS è prevista per il Q2 2025.
Troilus Gold Corp. ha iniciado el proceso de presentación de su Evaluación de Impacto Ambiental y Social (EIAs) para su proyecto de cobre-oro en el Quebec central-norte. Este hito representa un avance hacia la obtención de permisos finales para uno de los depósitos de oro-cobre sin desarrollar más grandes de Canadá.
Con un nuevo enfoque colaborativo con la Agencia de Evaluación de Impacto de Canadá y el Gobierno de la Nación Cree, Troilus puede enviar secciones de la EIAs para revisión a medida que se completan, lo que permite la incorporación anticipada de comentarios. La EIAs culmina más de cinco años de trabajo, incluidos estudios de campo y compromiso con las partes interesadas, especialmente con las comunidades indígenas locales.
La evaluación, preparada en colaboración con BluMetric y Stantec, incluye estudios de línea base ambiental, evaluaciones del impacto socioeconómico y amplias consultas comunitarias. Se espera que la presentación final de la EIAs sea en Q2 2025.
트로일러스 골드 코퍼레이션은 퀘벡 북중부의 구리-금 프로젝트에 대한 환경 및 사회 영향 평가(ESIA) 제출 프로세스를 시작했습니다. 이 중요한 이정표는 캐나다에서 가장 큰 미개발 금-구리 매장지 중 하나의 최종 허가를 향한 진행을 나타냅니다.
캐나다 영향 평가 기관 및 크리 네이션 정부와의 새로운 협업 접근 방식에 따라, 트로일러스는 ESIA 섹션을 완료되는 대로 검토를 위해 제출할 수 있으며, 조기 피드백 통합이 가능합니다. ESIA는 현장 연구 및 이해관계자 참여를 포함하여 5년 이상의 작업의 결과입니다. 특히 지역 토착 공동체와의 협력이 있었습니다.
블루메트릭 및 스탠텍과 공동으로 작성된 이번 평가는 환경 기준 연구, 사회경제적 영향 평가 및 광범위한 지역 사회 상담을 포함합니다. 최종 ESIA 제출은 2025년 2분기로 예상됩니다.
Troilus Gold Corp. a lancé le processus de soumission de son Évaluation de l'Impact Environnemental et Social (EIES) pour son projet de cuivre-or dans le centre-nord du Québec. Cette étape représente une avancée vers l'obtention des permis définitifs pour l'un des plus grands gisements de cuivre-or non développés au Canada.
Dans le cadre d'une nouvelle approche collaborative avec l'Agence d'évaluation d'impact du Canada et le gouvernement de la Nation Cree, Troilus peut soumettre les sections de l'EIES à l'examen au fur et à mesure de leur achèvement, permettant ainsi l'incorporation de retours anticipés. L'EIES représente plus de cinq années de travail, y compris des études de terrain et l'engagement des parties prenantes, en particulier avec les communautés autochtones locales.
Cette évaluation, préparée en partenariat avec BluMetric et Stantec, comprend des études de référence environnementale, des évaluations d'impact socio-économique et de vastes consultations communautaires. La soumission finale de l'EIES est attendue pour le Q2 2025.
Troilus Gold Corp. hat den Prozess zur Einreichung ihrer Umwelt- und Sozialverträglichkeitsprüfung (ESIA) für ihr Kupfer-Gold-Projekt im zentralen Norden von Quebec eingeleitet. Dieser Meilenstein stellt einen Fortschritt in Richtung der endgültigen Genehmigungen für eines der größten unerschlossenen Gold-Kupfer-Lagerstätten in Kanada dar.
Durch einen neuen kooperativen Ansatz mit der Impact Assessment Agency of Canada und der Cree Nation Government kann Troilus die Abschnitte der ESIA zur Überprüfung einreichen, sobald sie fertiggestellt sind, was die frühzeitige Einbeziehung von Feedback ermöglicht. Die ESIA ist das Ergebnis von über fünf Jahren Arbeit, einschließlich Feldstudien und der Einbeziehung von Stakeholdern, insbesondere mit lokalen indigenen Gemeinschaften.
Die Bewertung, die in Partnerschaft mit BluMetric und Stantec erstellt wurde, umfasst Umweltgrundlagenstudien, sozioökonomische Wirkungsbewertungen und umfassende Gemeindekonsultationen. Die endgültige Einreichung der ESIA wird für Q2 2025 erwartet.
- New iterative ESIA submission process allows for faster feedback and potentially streamlined permitting
- Project represents one of Canada's largest undeveloped gold-copper deposits
- Five years of preparatory work demonstrates thorough project development
- Final ESIA submission not expected until Q2 2025, indicating several months before potential approval
- Multiple regulatory approvals still required before construction can begin
MONTREAL, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R) (“Troilus” or the “Company”), is pleased to announce that it has begun the submission process for its Environmental and Social Impact Assessment (“ESIA”) for the copper-gold Troilus Project, located in north-central Quebec, Canada. This marks a critical milestone in the Company’s permitting process as it progresses one of Canada’s largest undeveloped gold-copper deposits toward construction.
Under an updated, more collaborative approach outlined by the Impact Assessment Agency of Canada and the Cree Nation Government, Troilus has been able to submit sections of its ESIA for review as they are completed, rather than waiting for the entire report to be finalized. This iterative process has already facilitated constructive engagement, with initial feedback and comments from the Agency being incorporated into the Company’s final submission. By addressing questions and resolving issues early in the process, this approach is expected to streamline the final permitting process and reduce back-and-forth once the complete ESIA is formally submitted.
A Multi-Year Commitment to Stakeholder Engagement and Environmental Responsibility
The ESIA represents the culmination of more than five years of work by Troilus, including extensive field studies and collaboration with stakeholders and local Indigenous communities. Highlights of these efforts include:
- Public and private consultations with local communities, including the Cree Nation, to ensure alignment with regional priorities and cultural values.
- Environmental baseline studies conducted to evaluate and mitigate potential impacts on local ecosystems.
- Comprehensive social and economic studies to address the long-term benefits of the project for the region.
The preparation of the ESIA has been conducted in partnership with leading environmental and engineering firms, BluMetric and Stantec, ensuring the report adheres to the highest environmental, social, and technical standards.
Justin Reid, CEO of Troilus, commented, “The initiation of the ESIA submission process is a significant step forward for Troilus as we advance our project toward final permitting and development. The new iterative framework has allowed us to engage directly with regulators and stakeholders, resolving issues early and incorporating their feedback into the final report. This approach not only demonstrates our commitment to transparency and collaboration but also ensures that the final document is as robust and comprehensive as possible. We believe this collaborative approach will help streamline the permitting process and position Troilus for the successful and sustainable advancement of the Project.”
As part of its continued commitment to responsible resource development, Troilus will maintain open communication with local communities and regulatory authorities throughout the ESIA process. The final ESIA submission is expected to be completed in Q2 2025.
About Troilus Gold Corp.
Troilus Gold Corp. is a Canadian development-stage mining company focused on the systematic advancement of the former gold and copper Troilus Mine towards production. Troilus is located in the tier-one mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt. A Feasibility Study completed in May 2024 supports a large-scale 22-year, 50ktpd open-pit mining operation, positioning it as a cornerstone project in North America.
For more information:
Caroline Arsenault
VP Corporate Communications
+1 (647) 407-7123
info@troilusgold.com
Cautionary Note Regarding Forward-Looking Statements and Information
This press release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding, the timing and impact of the dewatering and ESIA, the likelihood that the outlined submission process will result in the company obtaining the requisite permitting on an expedited timeline or at all, statements financing plans, development plans, opportunity to expand the scale of the project, the project becoming a cornerstone mining project in North America; the development potential and timetable of the project; the estimation of mineral resources and reserves; realization of mineral resource and reserve estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; the anticipated ability of investors to continue benefiting from the Company’s low discovery costs, technical expertise and support from local communities, the timing and amount of estimated future exploration; and the anticipated results of the Company’s 2024 drill program and their possible impact on the potential size of the mineral resource estimate. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performances or achievements of Troilus to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Troilus will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Troilus to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: there being no assurance that the exploration program or programs of the Company will result in expanded mineral resources; risks and uncertainties inherent to mineral resource and reserve estimates; the high degree of uncertainties inherent to feasibility studies and other mining and economic studies which are based to a significant extent on various assumptions; variations in gold prices and other metals, exchange rate fluctuations; variations in cost of supplies and labour; receipt of necessary approvals; availability of financing for project development; uncertainties and risks with respect to developing mining projects; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry, including without limitation, risks and uncertainties discussed in the Company’s latest Annual Information Form, its technical reports and other continuous disclosure documents of the Company available under the Company’s profile at www.sedarplus.ca. Although Troilus has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Troilus does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
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