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MONTREAL, December 6, 2022 (GLOBE NEWSWIRE) — Troilus Gold Corp. (TSKS: TLG; OTCKKS: CHKSMF; FRA: CM5R), a Canadian junior mining company focused on systematic progress and de-risking of the past gold and copper producing Troilus project towards restarting the mine, is pleased to announce that Justin Reid, Managing Director and the director of the company, will present themselves live on VirtualInvestorConferences.com December 7, 2022
DATE: December 7thin 2022
TIME: 10:30 AM EST
LINK: https://bit.li/3iij3Dr
Troilus Gold Corp – Featured Companies
- Strong financial position
A recent $50 million transaction with Saiona Mining Ltd. puts the company in a strong position as they continue to drill their assets and work on a feasibility study expected in the second half of 2023.
- The project is located in a top-ranked mining jurisdiction
Quebec, Canada is ranked 6th in the world on the Fraser Institute’s 2021 “Investment Attractiveness Index”. - Quality brownfield project
Former open pit gold and copper mine (1996-2010); US$350 million of legacy infrastructure - Large and growing mineral resources
4.96 Moz AuEk (Indicated; 177.3 Mt @ 0.87 g/t AuEk), 3.15 Moz AuEk (Inferred; 116.7 Mt @ 0.84 g/t AuEk) (July 2020, NI 43- 101 Mineral Resource Assessment) - Robust PEA Completed 2020; A feasibility study is underway
PEA results place Troilus among the top 5 gold and copper producers in Canada today; Feasibility study planned for completion in the second half of 2023 - ESG Leadership
ECOLOGO certified, member of the UN Global Compact; Targeting a carbon-free mining operation - Experienced leadership team
Proven track record of generating value
This will be a live, interactive online event where investors will be invited to ask questions of the company in real time. If attendees are unable to join the live event on the day of the conference, an archived webcast will also be available after the event.
It is recommended that investors register in advance and initiate an online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
About Troilus Gold Corp.
Troilus Gold Corp. is a junior mining company based in Canada, focused on the systematic improvement and de-risking of the former Troilus gold and copper mine towards production. From 1996 to 2010, the Troilus mine produced +2 million ounces of gold and nearly 70,000 tons of copper. The Troilus claims cover 435 km² in the top rated mining jurisdiction of Quebec, Canada, within the Frote-Evans Greenstone Belt. Since taking over the project in 2017, continued exploration success has demonstrated the enormous potential of the property’s gold system with significant mineral resource growth. The company is advancing engineering studies following the completion of a strong PEA in 2020, which demonstrated the potential for the Troilus project to become Canada’s premier gold and copper producing asset. Led by an experienced team with a track record of successful mine development, Troilus is positioned to become a cornerstone project in North America.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is a leading private investor conference series that provides an interactive forum for publicly traded companies to seamlessly pitch directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient access to investors. By replicating the components of an on-site investor conference, VIC offers companies enhanced opportunities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences provide industry-leading investor communications to a global network of retail and institutional investors.
CONTACTS:
Troilus Gold Corp.
Caroline Arsenault
vice president of corporate communications
+1 (647) 407-7123
info@troilusgold.com
Virtual conferences of investors
John M. Wiglots
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
Caution regarding forward-looking statements and information
Mineral resources other than mineral reserves have no proven economic viability; the mineral resource estimate in the updated mineral resource statement may be significantly affected by environmental, permitting, legal, ownership, tax, socio-political, marketing or other relevant issues. There is no certainty that the Specified Mineral Resources will be converted into the category of Probable Mineral Reserves, nor that the updated statement on Mineral Resources will be realized.
The PEA is preliminary in nature, includes inferred mineral resources that are considered to be geologically too speculative to apply the economic considerations that would allow them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves have no proven economic profitability. PEA is subject to numerous risks and uncertainties. See below and the Company’s most recent technical report available on SEDAR for more information regarding key assumptions, parameters, methods and determination risks related to the foregoing.
This press release contains “forward-looking statements” within the meaning of applicable Canadian securities law. Forward-looking statements include, but are not limited to, statements regarding the impact of the ongoing drilling program and results on the company, the possible economics of the project and the company’s understanding of the project; development potential and project timeline; assessment of mineral resources; realization of assessments of mineral raw materials; the timing and amount of estimated future research; the expected results of the Company’s ongoing 2022 drilling program and their potential impact on the potential size of the Mineral Resource estimate; costs of future activities; capital and operating expenses; the success of investigative activities; the expected ability of investors to continue to benefit from the company’s low discovery costs, technical expertise and support from local communities. In general, forward-looking statements can be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “expects,” “budget,” “planned,” “estimates “, “anticipates”, “intends”, “continues”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “may” , “would”, “will”, “might” or “will be taken”, “perform” or “be achieved”. Forward-looking statements are made based on certain assumptions and other important facts that, if incorrect, could cause actual results, performance or achievements of Troil to differ materially from future results, performance or achievements expressed or implied by such statements. Such statements and information are based on a number of assumptions regarding current and future business strategies and the environment in which Troilus will operate in the future. Certain important factors that could cause actual results, performance or achievements to differ materially from those in forward-looking statements include, among others, currency fluctuations, the global economic climate, dilution, stock price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that could cause Troilo’s actual results, level of activity, performance or achievements to differ materially from those expressed or implied by such forward-looking statements, including but not limited to: there is no guarantee that the exploration program will result in extended mineral resources; risks and uncertainties inherent in mineral resource estimates; the impact that 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 from the COVID-19 pandemic and its impact on gold and other metals; receipt of necessary consents; general business, economic, competitive, political and social uncertainty; future prices of mineral raw materials; accidents, labor disputes and shortages; environmental and other mining industry risks, including, without limitation, the risks and uncertainties discussed in the Company’s most recent Technical Report and other continuous disclosure documents 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 the forward-looking statements, there may be other factors that cause results to differ from those expected, estimated or predicted. 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 undertakes no obligation to update any forward-looking statements, except in accordance with applicable securities laws.
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