Justin Reid, President and CEO of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) (FSE: CM5R), joins me for a comprehensive update on exploration success at the Southwest Zone, the advancement of basic and detailed engineering studies, permitting progress, and offtake agreements in place at the Gold-Copper Troilus Project located in northcentral Quebec, Canada.
We start off noting that at present there are already 13 million gold equivalent ounces in all categories in place at the deposit, but that infill and expansion drilling at the Southwest Zone has continued to hit increased grades over broad intercepts, which is raising the grade profile of this key area to the first 5 years of mining in the development scenario.
Moving over to all the development and derisking work underway, Justin provides an update to the news released on June 10th, reporting on the progress of basic and detailed engineering at its copper-gold Troilus Project led by engineering partner BBA Inc. based in Montreal, Quebec. Since being awarded the mandate earlier this year, a dedicated team of approximately 45 full-time engineers and specialists has been advancing key workstreams on schedule as the project moves forward on the path to construction readiness.
Switching over to the permitting progress, on June 25th the Company announced that it has officially filed the Environmental and Social Impact Assessment (“ESIA”) with both the Government of Québec and the Government of Canada. The submission of the ESIA marks a major milestone in the development of the Troilus Project, representing the culmination of over five years of comprehensive baseline studies, robust technical evaluations, and meaningful engagement with Indigenous and local communities. As one of the largest undeveloped gold and copper projects in North America, this filing is a key step in advancing Troilus along its path towards construction.
Wrapping up we reviewed then news out in June and July that announced Troilus has agreed to indicative commercial offtake terms with Aurubis AG and Boliden Commercial AB for the offtake of copper-gold concentrate expected to be produced from the Company’s Troilus Project. We reviewed that the rest of the capital stack was coming together through negotiations with royalty and streaming companies, and other financial institutions.
If you have any questions for Justin regarding Troilus Gold, then please email them over to me at [email protected].
Click here to follow along with the latest news from Troilus Gold
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Justin Reid, President and CEO of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) (FSE: CM5R), joins me for a comprehensive update on exploration success at the Southwest Zone, the advancement of basic and detailed engineering studies, permitting progress, and offtake agreements in place at the Gold-Copper Troilus Project located in northcentral Quebec, Canada.
We start off noting that at present there are already 13 million gold equivalent ounces in all categories in place at the deposit, but that infill and expansion drilling at the Southwest Zone has continued to hit increased grades over broad intercepts, which is raising the grade profile of this key area to the first 5 years of mining in the development scenario.
Moving over to all the development and derisking work underway, Justin provides an update to the news released on June 10th, reporting on the progress of basic and detailed engineering at its copper-gold Troilus Project led by engineering partner BBA Inc. based in Montreal, Quebec. Since being awarded the mandate earlier this year, a dedicated team of approximately 45 full-time engineers and specialists has been advancing key workstreams on schedule as the project moves forward on the path to construction readiness.
Switching over to the permitting progress, on June 25th the Company announced that it has officially filed the Environmental and Social Impact Assessment (“ESIA”) with both the Government of Québec and the Government of Canada. The submission of the ESIA marks a major milestone in the development of the Troilus Project, representing the culmination of over five years of comprehensive baseline studies, robust technical evaluations, and meaningful engagement with Indigenous and local communities. As one of the largest undeveloped gold and copper projects in North America, this filing is a key step in advancing Troilus along its path towards construction.
Wrapping up we reviewed then news out in June and July that announced Troilus has agreed to indicative commercial offtake terms with Aurubis AG and Boliden Commercial AB for the offtake of copper-gold concentrate expected to be produced from the Company’s Troilus Project. We reviewed that the rest of the capital stack was coming together through negotiations with royalty and streaming companies, and other financial institutions.
If you have any questions for Justin regarding Troilus Gold, then please email them over to me at [email protected].
Click here to follow along with the latest news from Troilus Gold
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