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Scale, Jurisdiction, and Long Life: Fast-Tracking Canada's Next Major Gold Mine Towards Production at Troilus Gold Corp.
Released on Thursday, October 1, 2020•COMMODITIES
Troilus Gold Corp., (TSX:TLG; OTCQB: CHXMF) is on track to become one of Canada's next major multi-decade gold producers. Its wholly-owned Troilus Gold Project offers a unique opportunity for a mine restart in Quebec, Canada, one of the world's most attractive mining jurisdictions, with significant existing infrastructure worth an estimated US$350 million, including an operating substation and power lines, an extensive network of well-maintained roads, an operating water treatment facility, and a permitted tailings facility. Over 80,500 metres of drilling over the last two years has resulted in a 142% increase to estimated indicated mineral resources and a 350% increase to estimated inferred resources. Troilus has become one of the largest undeveloped gold resources in Canada and based on recent PEA results, the project would be the 5th largest gold producing asset in the country. Led by a team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.
Justin Reid, CEO and director of Troilus Gold, is a geologist and capital markets executive with over 20 years of experience focused exclusively in the mineral resource space. He started his career as a geologist with Saskatchewan Geological Survey and Cominco Global Exploration after which he became a partner and senior mining analyst at Sprott/Cormark Securities in Toronto. Most recently, Mr. Reid acted as president and director of Sulliden Gold Corporation, until its acquisition by Rio Alto Mining in 2014 and was managing director at Aguia Resources, Ltd., from 2015 to 2019.
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