Troilus Gold Corp. (TSX: TLG | OTCQX: CHXMF) continues its run of strong drill results at the Troilus Gold Project in Quebec, Canada.

Troilus acquired the Troilus Gold Project in 2017 and it contains the former gold and copper-producing Troilus Mine and an approximately 435 square km land package. The former Troilus Mine produced 2 million ounces of gold and almost 70,000 tonnes of copper between 1996 and 2010.

Troilus recently sold 985 square km of non-core land at its Troilus Gold Project to Sayona Mining Limited (ASX: SYA | OTCQB: SYAXF) for approximately C$40 million of Sayona shares (184,331,797 shares) and retained a 2% NSR Royalty on the land.

Map showing the Troilus Gold Project in Quebec, Canada and some past drill and sample results

Troilus Gold Project Resource and PEA highlights

Troilus now has one of the largest undeveloped gold resources in Canada. The current project resource is an indicated resource of 4.96 million ounces of contained gold equivalent (“AuEq”) at 0.87g/t AuEq and an inferred resource of 3.15 million ounces of contained AuEq.

The 2020 Preliminary Economic Assessment (“PEA”) resulted in a post-tax NPV_5% of US$915 million, post-tax Internal Rate of Return (“IRR”) of 32.2%, based on a US$1,750/oz gold price, and a 22-year mine life (about half open pit and half underground). The initial CapEx (net of existing infrastructure) is US$333 million and sustaining CapEx over the life of the mine is an additional US$506 million. The All in Sustaining Cost (“AISC”) is US$850 per ounce AuEq.

In terms of production volumes forecast, Troilus stated:

“Projected gold production averages 220,000 oz per year over the first 5 years and 246,000 oz average per year for the first 14 years and 98,000 from year 15 on. Projected payable Gold is 3.8 million ounces, payable Copper 265 million lbs, and payable Silver 1.5 million ounces over the 22-year mine life.“

Strong drill results potentially bode well for the upcoming resource expansion

Three recent announcements highlight the strong drilling progress on the project which will be reflected in the upcoming updated resource estimate and DFS.

• March 23, 2023: Troilus drills 2.72 g/t AuEq over 34m, including 10.83 g/t AuEq over 6m and 1.49 g/t AuEq over 35.5m, including 2.55 g/t AuEq over 4.5m in Zone X22; extends its strike length from 150m to 1km.
• February 16, 2023: Troilus extends the newly discovered “X22 Zone” strike length to more than 800 meters; drills 1.34 g/t AuEq over 18m and 2.42 g/t AuEq over 9m. The company stated: “All results reported herein lie entirely outside of the PEA pit shells and will be included in the upcoming Definitive Feasibility Study.“
• January 26, 2023: Troilus drills 4.33 g/t AuEq over 29m, including 6.37 g/t over 18m at the 87-J Connector Zone. Note: The Connector Zone is a target zone located between the two previously mined Z87 and J4 open pits.

20km geophysical trend and a 4.4km Gold-in-soil Trend at the Rocket target

Troilus believes that they have identified several significant trends on their property. These trends help Troilus choose drill targets to optimize drilling success, ultimately leading to resource growth.

The 20km geophysical trend (strike length) near the former mine site and main mineral zones

The 4.4km gold-in-soil trend near the Rocket target

Catalysts

Near-term catalysts for Troilus include:

• Q1/2023: Updated mineral resource estimate.
• H2/2023: Feasibility Study and inaugural mineral reserve estimate.
• 2023-2024: Permitting progress on the Environmental and Social Impact Assessment (ESIA), first started in 2022.

Closing remarks

Troilus Gold continues to make very good progress on its Troilus Gold Project in Quebec, Canada. The project already has a substantial gold resource and a PEA completed in 2020.

A key additional bonus is that the project benefits from being a restart site, meaning there is enormous infrastructure already in place from the former Troilus Mine. Troilus puts the inherited value of these assets at US$350 million.

With the gold price on the rise, an updated resource due out soon, a feasibility study in H2/2023, C$40 million recently raised via Sayona Mining equity, and approximately US$350 million of inherited infrastructure in place, the stock looks very interesting on a market cap of C$147 million.

In this InvestorIntel interview with host Tracy Weslosky, MAS Gold Corp.’s (TSXV: MAS) CEO and Director Jim Engdahl talks about the competitive advantages of Saskatchewan for gold exploration.

In the interview, which can also be viewed on the InvestorIntel YouTube channel (click here to subscribe), Jim talks about MAS Gold’s significant land position in Saskatchewan’s highly prospective La Ronge Gold Belt. Ranked as one of the best mining jurisdictions in the world, Jim says that Saskatchewan has well-developed infrastructure and still remains underexplored for gold. Touching upon the prevailing market uncertainties and higher gold prices, Jim explains why junior gold miners have become “exceptionally attractive,” especially those in good jurisdictions.

Most junior gold mining stocks tend not to move with the ebb and flow of the underlying commodity price. Certainly not the way their more senior brethren, with defined resources and production, tend to. And why would they? A higher or lower commodity price isn’t going to impact your cash flow or the value of your resource if you don’t have any of that in the first place. For a junior mining stock, it’s all about the drilling. If you find something promising with one round of drill results, then hopefully you can raise more money and keep going until you finally start building a resource estimate and perhaps your first PEA (preliminary economic assessment) or PFS (pre-feasibility study). Then, maybe, your stock price will start to correlate to the underlying commodity price, or not. In the meantime, if you want to follow junior mining stocks it’s worth taking note of when a big batch of drill results will start filtering out to the market to generate some buzz.

I’m sure there are dozens of companies out there right now that are in the situation of having drilling news pending but today we are going to look at only one – MAS Gold Corp. (TSXV: MAS). MAS Gold is a Canadian mineral exploration company focused on gold exploration projects in the prospective La Ronge Gold Belt of Saskatchewan. MAS Gold operates four properties in the belt, including the Preview-North, Greywacke Lake, Elizabeth Lake and Henry Lake Properties that extend along segments totaling roughly 60 kilometres of the geologically prospective La Ronge, Kisseynew and Glennie Domains that make up the La Ronge Gold Belt. Additionally, the Company recently completed the acquisition of a 100% interest in the Preview SW Gold Project from Comstock Metals Ltd. (TSXV: CSL) in consideration of the issuance of 30,000,000 common shares in MAS Gold. The 843 hectare Preview SW Property is contiguous with MAS Gold’s Preview-North Property.

In January, MAS Gold announced the commencement of an 8,000 meter drill program on its Preview-North Property including drilling at the newly acquired Preview SW Deposit. The winter drilling program summary includes: a 4,500 meter drill program at the North Lake deposit; 2,700 meters at the Preview SW Property; and an 800 meter drill program at the Point Deposit. As of March 8^th, the Company had completed 34 diamond drill holes with a total of 3,759 samples sent to SRC Laboratories in Saskatoon, Saskatchewan for assay. All drill holes were successful in intersecting the felsite unit which is known to host previously intersected mineralization hosted in broad zones of sheeted quartz veins. Drilling was also successful in extending the felsite by 80 meters to the northeast and by 50 meters to the southwest. On-going drilling continued throughout the month of March as the next phase of the program transitions to the Point Deposit and the Preview SW Deposit.

The North Lake deposit located at the Preview-North Property is estimated to contain an Inferred Mineral Resource of 18,100,000 t grading 0.85 g/t Au, or 494,000 contained ounces of gold. The recently purchased Preview SW deposit hosts a historical Indicated Mineral Resource containing 158,300 ounces of gold (2.61 million tonnes grading 1.89 g/t Au) and a historical Inferred Mineral Resource containing 270,800 ounces of gold (5.70 million tonnes grading 1.48 g/t Au). The Greywacke North deposit has an updated, combined open pit and underground Indicated Mineral Resource of 645,000 t averaging 4.90 g/t Au for 101,000 in-situ ounces of gold (600,000 t at 4.89 g/t Au, and 45,000t at 5.03 g/t Au, respectively), plus a combined open pit and underground Inferred Mineral Resource of 410,000 t averaging 4.12 g/t Au for 55,000 in-situ ounces of gold (35,000 t at 1.97 g/t Au, and 375,000 t at 4.33 g/t Au, respectively). So the Company has already proven there is gold in this area. Now investors are waiting to see if they can develop and expand those numbers to the threshold where larger investors or potential suitors become interested.

As of yesterday’s close, and including the shares issued in the Comstock transaction, MAS Gold has a market cap of roughly C$17 million.

In a recent InvestorIntel interview, Tracy Weslosky interviews MAS Gold Corp.’s (TSXV: MAS) CEO and Director Jim Engdahl about Mas Gold’s initiative to gain control of the prospective La Ronge Gold Belt of Saskatchewan.

Congratulating Jim on the Comstock Metals Ltd and MAS Gold Corp. complete sale of preview SW Property on March 31, 2022 (click here), they also discuss the recent completion of drilling on their 100% owned North Lake Deposit on March 08, 2022 (click here).

With over one million ounces of historical resources, click here to view the entire interview.

About MAS Gold Corp.

MAS Gold Corp. is a Canadian mineral exploration company focused on gold exploration projects in the prospective La Ronge Gold Belt of Saskatchewan.  MAS Gold operates four properties in the belt, including the Preview-North, Greywacke Lake, Elizabeth Lake and Henry Lake Properties that extend along segments totaling roughly 60 kilometres of the geologically prospective La Ronge, Kisseynew and Glennie Domains that make up the La Ronge Gold Belt.

MAS Gold’s current projects include the North Lake, Greywacke North, Bakos (Contact Lake) and Point gold deposits and the historically defined Elizabeth Lake copper-gold volcanic-hosted massive sulphide deposit within four properties totalling 34,703.4 hectares (85,753.8 acres).

The North Lake deposit located at the Preview-North Property is estimated to contain an Inferred Mineral Resource of 18,100,000 t grading 0.85 g/t Au, hence 494,000 contained ounces of gold (Godden, S, Thomas, D. Tupper, D. Technical Report on the Mineral Resource Updates, North Lake and Greywacke North Gold Projects, La Ronge Gold Belt, Saskatchewan, Canada.; effective date December 1, 2021)*.  The Technical Report about the updated Mineral Resource estimate was filed on SEDAR January, 12, 2022.

The Greywacke North deposit, which hosts multiple known stratabound, high-grade gold-bearing zones, has an updated, combined open pit and underground Indicated Mineral Resource of 645,000 t averaging 4.90 g/t Au for 101,000 insitu ounces of gold (600,000 t at 4.89 g/t Au, and 45,000t at 5.03 g/t Au, respectively), plus a combined open pit and underground Inferred Mineral Resource of 410,000 t averaging 4.12 g/t Au for 55,000 insitu ounces of gold (35,000 t at 1.97 g/t Au, and 375,000 t at 4.33 g/t Au, respectively). The Indicated and Inferred Mineral Resources were estimated using open pit and underground cut-off grades of 0.65 g/t Au and 1.75 g/t Au, respectively (Godden, S, Thomas, D. Tupper, D. Technical Report on the Mineral Resource Updates, North Lake and Greywacke North Gold Projects, La Ronge Gold Belt, Saskatchewan, Canada.; effective date December 1, 2021). The Technical Report about the updated Mineral Resource estimate was filed on SEDAR January 12, 2022.

To learn more about MAS Gold Corp., click here

Disclaimer: MAS Gold Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

In a recent InvestorIntel interview, Tracy Weslosky speaks with Tom Drivas, President, CEO and Director of Romios Gold Resources Inc. (TSXV: RG | OTCQB: RMIOF) about being approved for trading on the OTCQB Venture Market and Romios’ deal with Honey Badger Silver Inc.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Tom went on to say that Romios has sold 80% interest in five claim blocks in Thunder Bay to Honey Badger Silver Inc. which had several high-grade silver past producers. He added that Romios has retained a 20% interest to maintain exposure to the potential production from the prospects. Tom told InvestorIntel that Romios has a portfolio of  extensive gold and copper claim holdings in the vicinity of existing producers placing “…Romios in a very good position now that the market has turned.”

To watch the full interview, click here

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mineral exploration company actively engaged in precious and base-metal exploration, focused primarily on gold, silver and copper. It has a 100% interest in the Lundmark-Akow Lake gold-copper property in northwestern Ontario, 55 km NW of Newmonts’ Musselwhite gold mine and extensive claim holdings covering several significant porphyry copper-gold prospects in the “Golden Triangle” of British Columbia. Additional interests include two former producers, the La Corne molybdenum mine property, Quebec and a former high-grade gold producer, the Scossa mine property in Nevada, USA. The Company also retains a 2% NSR on the Hislop gold property in Ontario.

To learn more about Romios Gold Resources Inc., click here

Disclaimer: Romios Gold Resources Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete. 

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation.  Forward-looking statements are based on the opinions and assumptions of management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken,  as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please email [email protected].

In a recent InvestorIntel interview, Tracy Weslosky speaks with Tom Meredith, Executive Chairman of West Red Lake Gold Mines Inc. (CSE: RLG | OTCQB: RLGMF) about how one of the key strategies to developing a ‘very valuable’ property in the mining industry is to identify a key location with producing mills seeking more gold assets to maintain mill capacity at a cost effective rate.

Sounds simple, yes? In this interview Tom starts with an update on West Red Lake Gold Mines’ most recent exploration work and highlight the competitive aspect of the surface gold deposits here. He starts the interview with: “We’re working to make this property not only a bigger resource than the 1.1 million ounces that we have so far, but also to make it attractive to mine.” West Red Lake Gold, which is located in the Red Lake Gold District host to some of the richest gold deposits in the world, and has as Tom explains in this informative interview all of these compelling variables lining up for West Red Lake Gold shareholders.

To watch the full interview, click here

About West Red Lake Gold Mines

West Red Lake Gold Mines is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake Gold District of Northwest Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high grade zones. The Company has assembled a significant property position totalling 3,100 hectares in west Red Lake (the “West Red Lake Project”) which contains three former gold mines located 15 km west of the Red Lake mine complex. The Mount Jamie Mine and Red Summit Mine properties are 100% owned by the Company and the Rowan Mine property is held in a 66%/34% joint venture with Evolution Mining Limited. The West Red Lake Project property covers a 12 km strike length along the Pipestone Bay St Paul Deformation Zone and the Company plans to continue to explore the property both along strike and to depth during 2021.

Newfoundland in Canada is currently experiencing a gold rush, despite having mining operations since the 1770s. Newfoundland and Labrador ranked eighth globally in overall investment attraction in the most recent Fraser Institute Annual Survey of mining companies.

The Newfoundland excitement began in early 2020 when New Found Gold Corp. announced a discovery of 92.86 g/t gold over 19m (included 285.2 g/t Au over 6.0 meters). Anything over 5 g/t is considered high grade. Since then numerous junior miners have flocked to Newfoundland to stake their claim. One Company was early enough to claim a massive 23,000 hectares of land in the highly prospective Central Newfoundland Gold Belt, with one of their projects virtually next door to Marathon Gold Corp.’s Valentine Project (P&P reserves of 1.87 million oz Au & and M&I 3 million oz Au) and another one adjacent to New Found Gold’s Project.

The Company is TRU Precious Metals Corp. (TSXV: TRU | OTCQB: TRUIF) (“TRU”). TRU is a relatively new gold exploration company that has assembled a portfolio of 5 gold exploration properties (23,000 hectares) in the highly prospective Central Newfoundland Gold Belt. All projects are either 100% owned or with an option to purchase 100%. TRU’s flagship Golden Rose Project lies just near the Valentine Project which holds the largest undeveloped gold resource in Atlantic Canada.

TRU Precious Metals Corp.’s 5 well located Newfoundland projects shown in yellow

Source: Company presentation

TRU Precious Metals Corp.’s fully-funded summer (June-August) 2021 exploration program is now underway

Having successfully raised $3.5 million in May 2021, TRU has now begun a fully-funded exploration campaign across four of their Newfoundland projects – namely Golden Rose, Twilite Gold, Gander West, and Rolling Pond.

Perhaps Golden Rose holds the greatest promise due to its premier location between the successful Marathon Gold Corp.’s Valentine Gold Project and Matador Mining’s Cape Ray Gold Project. TRU will embark on a multi-phase exploration program throughout the remainder of 2021 to further delineate the known areas of gold mineralization and test new zones. Highlights of recently uncovered gold occurrences (by the previous owners) which have yet to be tested by TRU include Rose Gold, Jacob’s Pond and Jen’s Pond. At Rose Gold original grab samples assayed 18.8 g/t Au and 7.2 g/t Au and follow up prospecting in 2019 returned a 20.2 g/t Au sample. By sometime in Q3 2021, TRU plans to do a 5,000 metre diamond drill program at Golden Rose.

Announced on June 1, 2021, TRU has commenced a minimum Phase one 1,200-metre drill program at its 100% owned Twilite Gold Project. Interestingly just a week later the drill program was doubled to “up to approximately 2,500 meters“. It is a bit early yet to get excited, however, TRU Co-Founder, President, and CEO, Joel Freudman, sounds super excited about the companies chances, as you can view here in an exclusive interview with InvestorIntel titled “Joel Freudman on TRU Precious Metals and the ‘once-in-a-lifetime modern day gold rush’ in Newfoundland.” CEO Joel stated: “We are in a once-in-a-lifetime modern day gold rush…happening right now in Newfoundland Canada…..We are in it to win it.”

TRU state in the news release (regarding the upcoming drilling at the Twilite Gold Project):

“The drill target was previously identified by TRU during a detailed ground geophysical survey in November of 2020…..Twilite Gold is strategically located on the mapped extension of the Cape Ray-Valentine Lake Shear Zone. Numerous advanced-stage gold exploration projects are currently underway along this district-scale shear zone, including Marathon Gold’s multi-million-ounce deposit at Valentine Lake, and Matador Mining’s Cape Ray deposit.”

TRU Precious Metals Corp.’s Twilite Gold Project where up to 2,500 metres of drilling is commencing in June 2021

Source: Company presentation

Closing remarks

TRU Precious Metals Corp. trades on a market cap of C$19.7 million with the stock up 114% in the past year. With exploration moving into top gear now over the Canadian summer it looks to be a good time to consider a position in TRU Precious Metals Corp. A large gold find would get CEO Joel even more excited and potentially be a big positive for early stage investors. Fingers crossed and stay tuned for drill results in the coming months.

In a recent InvestorIntel interview, Peter Clausi spoke with Joel Freudman, Co-Founder, President, and CEO of TRU Precious Metals Corp. (TSXV: TRU | OTCQB: TRUIF) about TRU’s change of business to a mining issuer as they prepare to start trading this morning.

Further to an InvestorIntel story written by Dean Bristow on May 7th titled Will there be a rush to get this gold?, Joel explains the background on the TRU, including a major property transaction with Altius Minerals, which has now become a strategic investor in the company.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Joel went on to say that one of the competitive advantages of any junior mineral exploration company is the location of their properties. TRU’s flagship Golden Rose Project is next door to the largest undeveloped gold resource in eastern Canada. “Great spot for finding more gold,” he added. With a very experienced management team, Joel said that the Company is in a strong cash position to enhance growth after the recent oversubscribed financing.

To watch the full interview, click here

About TRU Precious Metals Corp.

TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold Belt. The Company has an option to purchase 100% of the Golden Rose Project, located along the deposit-bearing Cape Ray – Valentine Lake Shear Zone, from a subsidiary of TSX-listed Altius Minerals Corporation. TRU also owns 100% of the Twilite Gold Project, located along the same Shear Zone, and 3 under-explored properties including its Rolling Pond Property (under option) bordering New Found Gold Corp.’s high-grade Queensway Project.

To know more about TRU Precious Metals Corp., click here

Disclaimer: TRU Precious Metals Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete. 

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation.  Forward-looking statements are based on the opinions and assumptions of management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken,  as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on www.Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please email [email protected].

Earlier in March, Gold (the commodity) tested and held an important technical support level at approximately $1,680/oz. Since then Gold has based and started to move higher, not dramatically, but with yesterday’s close at $1,733/oz it’s now headed in the right direction again after a great run from $1,450/oz in November 2019 to well over $2,000/oz in August 2020. This is important, as with most commodity stocks, it’s a lot easier for the underlying producers of these commodities to go up when they aren’t swimming against the current.

So let’s look at Troilus Gold Corp. (TSX: TLG | OTCQB: CHXMF). The company has had a busy start to 2021, reporting several new drill results, and then a tuck-in acquisition of UrbanGold Minerals on March 23^rd. In fact, the company has been busy since it acquired the former producing Troilus Mine in December 2017. Since then, the company has added over 100,000 ha to its land position in and around the existing Mine (pro-forma the UrbanGold purchase), drilled over 100,000 metres including a new discovery zone (SouthWest Zone) and completed a positive PEA in August 2020. And those are just the highlights for this Toronto based miner focused in the Frotêt-Evans Greenstone Belt in Quebec (NE of the better known Val-d’Or Gold region).

Several companies around the world have found success revisiting former producing mines/regions and applying new techniques and technologies or just plain old due diligence and this is no exception. Troilus began by expanding the drilling around the existing Z87 and J Zone pits that were successfully mined from 1996-2010. Based on that work the Troilus technical team analyzed the historical and new data that was being collected and formulated a new geological interpretation of the Troilus property, which led to a new discovery in the Southwest Zone that they began drilling in late 2019.

Results from the Southwest Zone (roughly 3 kilometres southwest of the former mine and main mineral resource area) represent one of the most important near-term mineral growth targets on the Troilus property. Troilus will include all the recently announced Southwest results from late 2020 and ongoing 2021 results into an updated mineral resource estimate and Pre-Feasibility Study, targeted for completion in the second half of 2021.

To summarize, Troilus already has a mineable resource based in a low-risk jurisdiction with excellent accessibility. There is existing infrastructure that came with the original mine acquisition that will significantly reduce the overall cost to bring a new mine into production, thus helping to lower the AISC (All-In Sustaining Cost, which is a standardized Gold Industry comparison metric) to the lowest quartile in Canada. Three existing strike zones (Z87, J, Southwest) are all open on strike and at depth – which means they haven’t found the limit of mineralization yet. Plus over 142,000 ha of property (pro forma UrbanGold purchase) to continue exploring. This all adds up to an exciting opportunity for investors.

Even if Gold moves in a sideways, consolidation pattern for the next little while, miners with the right story have a chance to excel. The trend is your friend, so let’s hope gold continues along the same trend as Troilus Gold’s drilling results.

In a recent InvestorIntel interview, Peter Clausi speaks with Mario Stifano, CEO and Director of Omai Gold Mines Corp. (TSXV: OMG) about Omai’s flagship Guyana resource and the unique opportunity presented by acquiring the world famous Omai gold mine.

The project remains under-explored and rich in potential. With an average gold price of more than 4x what it was when the mine was last in operation, the company is building on the past success of the Omai mine. In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Mario went on to say that Omai “is a very large deposit and also very high grade for an open pit.”

Mario explains that when gold prices fell in the 90s and 2000s, a major producer abandoned the mine in Guyana with millions of ounces still potentially in reserve, and Omai Gold Mines Corp. was able to acquire it at a steep discount. He goes on to explain in great detail the cost of exploration in the region, how Omai is covering those costs, and the technical reasons for Omai’s optimism regarding the blue sky potential of this multi-million ounce gold deposit.

Omai Gold Mines Corp. will be presenting at the PDAC Virtual Convention to be held from March 8, 2021 to March 11, 2021. Omai Gold Mines is a Core Shack exhibitor.

To watch the full interview, click here.

About Omai Gold Mines Corp.:

Early prospectors identified Guyana’s vast mineral wealth 130 years ago, and at the heart of the country’s gold mining history is the Omai mine: a multi-million-ounce deposit that was once South America’s largest producing gold mine. We’re building on this past success with new tools, relationships and vision to bring this under-explored gold district back to life, providing a unique opportunity for all stakeholders to participate in value creation. Avalon Gold Exploration Inc., a wholly owned subsidiary of Omai Gold Mines Corp., holds a 100% interest in the Omai Prospecting License covering 4,590 acres, including the past producing Omai gold mine.

To learn more about Omai Gold Mines Corp. (TSXV: OMG), click here.