Drolet Stock Notes on Troilus Gold: Advancing Former Troilus Mine Towards Production
Mario Drolet, President of MI3 Communications Financières Inc. (MI3), released his Drolet Stock Notes on Troilus Gold Corp. (TSX: TLG | OTCQX: CHXMF) on July 21, 2021, for exclusive distribution on InvestorIntel. Highlights include:
- Troilus closes strategic investment ($11 million) from the Government of Québec and Fonds de Solidarité FTQ establishing a framework for project financing.
- $45 million upsized bought deal completed in June.
- As of July 6: ~68,000m drilled since 2020 resource and the ongoing drilling rate of 10,000m/month.
- Flirting with year low … Near oversold territory … expecting a rebound from here.
- Support: S2; $0.84 S1; $0.90 Resistance: R1; $ 0.95 R2; $1.00
About Troilus Gold Corp.
Troilus is a Canadian-based junior mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. From 1996 to 2010, the Troilus Mine produced +2 million ounces of gold and nearly 70,000 tonnes of copper. Troilus is located in the top-rated mining jurisdiction of Quebec, Canada, where is holds a strategic land position of 1,420 km² in the Frôtet-Evans Greenstone Belt. Since acquiring the project in 2017, ongoing exploration success has demonstrated the tremendous scale potential of the gold system on the property with significant mineral resource growth. The Company is advancing engineering studies following the completion of a robust PEA in 2020, which demonstrated the potential for the Troilus project to become a top-ranked gold and copper producing asset in Canada. Led by an experienced team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America.
PLEASE DO YOUR DUE DILIGENCE
Disclaimer: This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this report.
Mario has over 25 years in financial market and he is passionate about Finance. He worked on the floor of the Montreal Exchange on his ... <Read more about Mario Drolet>