Troilus Gold Corp is a Canadian-based gold exploration and development company that is focused on the exploration and development of its Troilus Gold Project located in Quebec, Canada. The company has several competitive advantages that differentiate it from its peers -
1. Large and high-grade gold deposit - Troilus Gold Project is one of the largest undeveloped gold deposits in Canada, with a mineral resource estimate of 8.1 million ounces of gold equivalent. The deposit is also high-grade, with an average grade of 1.00 g/t gold equivalent.
2. Strong financial position - Troilus Gold Corp has a strong financial position, with a cash balance of CAD 25.5 million as of June 30, 2021. The company is well-funded to advance its Troilus Gold Project through the feasibility study and into production.
3. Experienced management team - The company's management team has extensive experience in the mining industry, with a proven track record of developing and operating successful mining projects.
4. Strategic location - The Troilus Gold Project is located in Quebec, Canada, which is a mining-friendly jurisdiction with a well-established mining industry. The project is also located near existing infrastructure, including roads, power, and water, which will reduce the development costs.
5. ESG focus - Troilus Gold Corp is committed to responsible mining practices and has a strong focus on environmental, social, and governance (ESG) issues. The company has implemented several initiatives to minimize its environmental impact and engage with local communities.