Troilus Gold Corp. Engineering Milestone and Project Update
Troilus Gold Corp. Engineering Progress Updates
MONTREAL — Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is excited to share recent updates about the basic and detailed engineering of its copper-gold Troilus Project. This pivotal work is in collaboration with BBA Inc., a Montreal-based engineering firm. A dedicated team of nearly 45 engineers and specialists has been actively involved in advancing the project’s key workstreams, ensuring that it remains on schedule as the company aims for construction readiness.
Key Engineering Highlights
Troilus has achieved several significant milestones in the engineering efforts thus far:
Finalization of Process Flowsheet
This essential aspect of the project, the process flowsheet, has been finalized after a thorough review of the May 2024 Feasibility Study. BBA and Troilus conducted extensive trade-off studies that led to critical design enhancements, ensuring improved scalability, operational robustness, and energy efficiency while keeping capital expenditures in check.
Completion of 12-Week Initiation Program
The initiation program, designed to lay the groundwork for the project, has reached completion. The engineering, procurement, and construction management (EPCM) contract has been awarded, and the full engineering team is now mobilized. The procurement strategy has commenced with multiple requests for proposals (RFPs) issued, solidifying the foundations necessary for moving forward.
Collaboration with BBA Inc.
Justin Reid, the CEO of Troilus, expressed confidence in the recent achievements, emphasizing that the collaboration with BBA has been vital. He stated that finalizing the flowsheet ahead of schedule represents a major achievement, reflecting the precision and dedication that define Troilus's development approach. BBA's extensive experience with significant mining projects, including Canadian Malartic and Detour Lake, enhances the project's value.
About BBA Inc.
BBA Inc. is recognized as a premier engineering firm in Canada, boasting over 45 years of expertise in the energy, mining, and natural resources sectors. They are renowned for their technical skill and pragmatic methodologies. BBA has a long-standing history with the Troilus project, having previously assisted in optimizing flotation circuits while under Inmet Mining's management.
About Troilus Gold Corp.
Based in Canada, Troilus Gold Corp. is focused on advancing the historic Troilus Mine towards the production stage. Situated in a prime mining location, the mine spans 435 square kilometers in the Frôtet-Evans Greenstone Belt. A comprehensive Feasibility Study completed in 2024 highlights the potential for a substantial 22-year open-pit mining operation at 50,000 tons per day, underscoring Troilus's role as a cornerstone project in North America.
Contact Information
For further details, please reach out to:
Caroline Arsenault
VP Corporate Communications
+1 (647) 276-0050
info@troilusgold.com
Frequently Asked Questions
1. What is the significance of the engineering progress by Troilus?
The engineering achievements mark major milestones that further prepare the Troilus Project for construction, showcasing advancements in design and operational efficiency.
2. What role does BBA Inc. play in the Troilus Project?
BBA Inc. provides engineering expertise, contributing significantly to the project’s development and successful completion through their extensive industry experience.
3. How does the Troilus Project impact the local economy?
The Troilus Project is expected to create numerous jobs and stimulate economic growth in the region through increased mining operations and related activities.
4. What were the main highlights of the Feasibility Study completed in 2024?
The Feasibility Study outlined the potential for a large-scale mining operation, confirming its viability and establishing a clear path towards production.
5. What are the next steps for Troilus Gold Corp.?
The company aims to continue progressing towards construction readiness, focusing on procurement, engineering, and mobilizing resources for the project.
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