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TROUBADOUR RESOURCES INC. (symbol: TROUF) is a Canadian mining exploration company primarily focused on copper and gold projects in British Columbia, Canada. The company has recently acquired the High-Grade Monarch Uranium Property in the Thelon Basin, Nunavut, boasting some of the highest-grade Uranium ever found. Troubadour is managed by a team of experienced professionals with a proven track record in the mining industry.
With a strong emphasis on leveraging new technologies and previous exploration efforts, Troubadour aims to rapidly generate advanced targets for major discoveries. The strategic acquisition of the Monarch Uranium Property and ongoing developments in copper and gold projects underline Troubadour's commitment to growth and innovation in the mining sector.
Troubadour Resources (TSXV: TR, OTCQB: TROUF) has appointed Chris Huggins as CEO and Navin Varshney as Chairman of the Board, effective immediately. Huggins, with 25 years in mining, technology, and capital equipment, will maintain his board position. He has previously worked with Homestake and managed global Caterpillar accounts at Finning. Currently, he is CEO of Collective Metals. Varshney brings four decades in capital markets and mineral exploration, having raised over $30 million in ventures. He recently facilitated a $26 million asset sale at Usha Resources. Blake Morgan, the interim CEO, remains on the board and supports the appointments.
Troubadour Resources has signed an Option Agreement for 173 mineral claims in Quebec's Abitibi Greenstone Belt, aiming for a 100% interest subject to TSX Venture approval. The claims, spanning over 100 km2, are adjacent to significant projects like Probe Metals' Novador and Monarch Mining's Beaufor Mine. Historical samples in the area indicate high gold values, with notable zones associated with geological faults and shear zones. The acquisition aims to position Troubadour at the forefront of the copper market, benefiting from the green energy demand. Terms include issuing 5 million shares and $2 million in work expenditures over 24 months.
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