{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Troilus Gold (TLG) - Charging Ahead With Resource Expansion and Restart","html":"","width":"100%","height":180,"duration":1546,"description":"Interview with Justin Reid, CEO of Troilus Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/troilus-gold-tlg-advancing-gold-project-in-quebec-with-strong-financial-backing-3233Recording date: 17th October 2023Troilus Gold has announced a large increase to the mineral resource estimate for its past-producing gold-copper mine in Quebec. The new resource totals 13 million ounces of gold equivalent, with 11.2 million ounces in the indicated category. This represents substantial growth compared to the last estimate in 2020, thanks to extensive drilling by Troilus over the past four years.According to CEO Justin Reid, the average grade stands at a respectable 0.69 g/t gold equivalent for indicated material. 99% of the resource is contained within open pit shells, given the project’s Brownfield location. This bodes well for lower-cost mining scenarios as Troilus advances feasibility studies and permitting.New High-Grade Zones DiscoveredSeveral new zones discovered in the past year have driven the resource expansion. Notably, the X22 zone uncovered 2.5km from the main orebody has grown rapidly from 600,000 ounces to over 2 million ounces. The first holes hit exceptional high-grade intercepts up to 30 meters of 4.3 g/t gold from surface. While most of Troilus’ mineralization follows a northeast-southwest trend, X22 sits along a cross-cutting structural zone. More exploration around X22 is warranted as Troilus looks to add resources in the future.Incorporating these new high-grade zones has increased engineering complexity. As lower-grade material is encompassed in larger pit shells, the average grade drops below what Troilus initially envisioned for underground mining. For example, the X22-J zone-Connector zone will likely merge into one huge 3 by 1.5km pit. Despite the challenges, Troilus has completed sufficient metallurgy and geotechnics to incorporate the new zones into its upcoming feasibility study.Feasibility Study On Track for Early 2023...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}