Troilus Shortlisted For AEMQ’s “Entrepreneur Of The Year” Award
September 14 2022 - 11:38AM
Troilus Gold Corp. (“
Troilus” or the
“
Company”) (TSX: TLG; OTCQX: CHXMF) is honoured to
have been named one of three finalists for the Quebec Mineral
Exploration Association’s (AEMQ) “Entrepreneur of the Year” award,
a distinction that recognizes the work of a team or company that
has experienced significant progress over the past year related to
the development of a specific project, a company’s overall
activities or the advancement of a mining project leading to its
production phase.
Justin Reid, CEO and
Director of Troilus Gold, commented, “We are honoured to have been
shortlisted for this award. We have made significant progress with
the advancement of our Troilus Project, marked by the initiation of
the Federal and Provincial permitting processes, milestones for
which our team has been laying the groundwork for years. We also
experienced significant and consistent exploration success across
our entire main mineral corridor, particularly in the Southwest
Zone – a mineral zone our team discovered only a few years ago
which has not only grown to match the scale of our other main zones
but has also returned among the highest and most continuous gold
grades in the history of the project. To have been selected as a
finalist for this award is a testament to the dedication and
commitment of our entire team and we look forward to delivering
many more significant milestones in the near-term.”
Award recipients are
selected by a committee reporting to AEMQ’s Board of Directors, who
make their selections based on an evaluation of the work, projects
and research carried out during the year by AEMQ’s corporate
members. The awards will be presented by the AEMQ at the upcoming
XPLOR Conference, from October 3-6, 2022.
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 is holds a
strategic land position of 1,420 km² in the Frotêt-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
Mineral Resources that
are not Mineral Reserves do not have demonstrated economic
viability; the estimate of Mineral Resources in the updated Mineral
Resource statement may be materially affected by environmental,
permitting, legal, title, taxation, socio-political, marketing, or
other relevant issues. There is no certainty that the Indicated
Mineral Resources will be converted to the Probable Mineral Reserve
category, and there is no certainty that the updated Mineral
Resource statement will be realized.
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 likelihood of the Company receiving the awards
and the impact in the event the Company is successful, the planned
drill program and results on the Company, the reliability of
historical estimates and the likelihood that they will be updated
to current mineral resource estimates, the possible economics of
the project, 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 2020 drill program and their
possible impact on the potential size of the mineral resource
estimate; the impact of the novel coronavirus (COVID-19) and the
considerable uncertainties about the geographic, social and
economic impact on the Company of its continuing global spread
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: 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; there being no assurance that the exploration program
or programs of the Company will result in expanded mineral
resources; risks and uncertainties inherent to mineral resource
estimates; the high degree of uncertainties inherent to preliminary
economic assessments and other mining and economic studies which
are based to a significant extent on various assumptions;
variations in gold prices and other precious metals, exchange rate
fluctuations; variations in cost of supplies and labour; receipt of
necessary approvals; general business, economic, competitive,
political and social uncertainties; future gold and other metal
prices; accidents, labour disputes and shortages; environmental and
other risks of the mining industry, including without limitation,
risks and uncertainties discussed in the 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.
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