Troilus Relocates Its Head Office to Montreal
February 01 2022 - 6:46AM
Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX:
CHXMF) reports the relocation of its head office to Montreal,
Quebec, from Toronto, Ontario, effective today, February 1, 2022.
The relocation reflects Troilus’ focus on the successful
advancement and development of its Troilus gold and copper project,
located in northcentral Quebec, Canada, as well as the strong
commitment to its host province and local stakeholders.
Justin Reid, President, CEO and Director, of
Troilus, commented: “We strongly believe that the Troilus project
is on track to becoming a cornerstone project in the province of
Quebec, and in Canada. As we steadily continue to de-risk and
advance the project towards production, our host province of Quebec
will become the center of gravity for all development and growth;
our Montreal office becoming our center of operation and
administration, where we will be in a better position to take
advantage of the outstanding local consultants, contractors, and
other mining expertise the province has to offer. Our commitment to
the province has been reciprocated by the strategic investment of
Quebec’s largest institutional investors, providing a backstop and
partnership as we move towards ultimate project financing and
development. We’re lucky to advance a project in a province
that continues to place among the most favourable mining
jurisdictions in the world by the Fraser Institute, and we are
proud to be able to support Montreal’s long-established reputation
as a main center for the Canadian Mining Industry.”
Troilus’ head office is now located at 715
Square Victoria, Suite 705, Montreal, Quebec, H2Y 2H7, which can be
reached at +1 (438) 320-4370. Our registered office remains at 36
Lombard Street in Toronto and management will continue to work out
of both locations.
About Troilus Gold Corp.
Troilus Gold Corp. 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 it 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.
For more information:
Caroline ArsenaultVP Corporate
Communications+1 (647) 407-7123info@troilusgold.com
Cautionary Note Regarding
Forward-Looking Statements and Information
This press release contains “forward-looking
statements” within the meaning of applicable Canadian securities
legislation. Forward-looking statements include, but are not
limited to, statements regarding the impact of the change of head
office location, the possible economics of the project and the
Company’s understanding of the project; the development potential
and timetable of the project; the estimation of mineral resources;
realization of mineral resource estimates; the timing and amount of
estimated future exploration; the anticipated results of the
Company’s ongoing 2022 drill program and their possible impact on
the potential size of the mineral resource estimate; costs of
future activities; capital and operating expenditures; success of
exploration activities; the anticipated ability of investors to
continue benefiting from the Company’s low discovery costs,
technical expertise and support from local communities. Generally,
forward-looking statements can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “continue”, “anticipates” or “does not
anticipate”, or “believes”, or variations of such words and phrases
or statements that certain actions, events or results “may”,
“could”, “would”, “will”, “might” or “will be taken”, “occur” or
“be achieved”. Forward-looking statements are made based upon
certain assumptions and other important facts that, if untrue,
could cause the actual results, performances or achievements of
Troilus to be materially different from future results,
performances or achievements expressed or implied by such
statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and
the environment in which Troilus will operate in the future.
Certain important factors that could cause actual results,
performances or achievements to differ materially from those in the
forward-looking statements include, amongst others, currency
fluctuations, the global economic climate, dilution, share price
volatility and competition. Forward-looking statements are subject
to known and unknown risks, uncertainties and other important
factors that may cause the actual results, level of activity,
performance or achievements of Troilus to be materially different
from those expressed or implied by such forward-looking statements,
including but not limited to: there being no assurance that the
exploration program will result in expanded mineral resources;
risks and uncertainties inherent to mineral resource estimates; the
impact the COVID 19 pandemic may have on the Company’s activities
(including without limitation on its employees and suppliers) and
the economy in general; the impact of the recovery post COVID 19
pandemic and its impact on gold and other metals; the receipt of
necessary approvals; general business, economic, competitive,
political and social uncertainties; future prices of mineral
prices; accidents, labour disputes and shortages; environmental and
other risks of the mining industry, including without limitation,
risks and uncertainties discussed in the most recent Technical
Report and in other continuous disclosure documents of the Company
available under the Company’s profile at www.sedar.com. Although
Troilus has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Troilus does
not undertake to update any forward-looking statements, except in
accordance with applicable securities laws.
Troilus Gold (TSX:TLG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Troilus Gold (TSX:TLG)
Historical Stock Chart
From Apr 2023 to Apr 2024