Feasibility due early 2024
Troilus said the project, within the Frôtet-Evans Greenstone Belt, is now the second largest undeveloped gold-copper deposit in Canada, where five of the eight largest deposits are in construction. The measured and indicated resource has more than doubled since the 2020 resource estimate to include an indicated resource of 508.3Mt grading 0.69gpt gold equivalent.
The connector zone between the two is 87 and J where the company intersected 138m, grading almost 1.8gpt. The discovery hole at X22 returned almost 30m grading 4.3gpt, at the surface. "It's all about how fast you can repay the capital, drop your cutoff grade, and drive the life of pushing grade through. You will see this in our feasibility, where we have four early production sites that are going to feed that higher grade. We are targeting 1.2-1.
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