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Troilus Gold Presents Its 2022 Year-In-Review & Outlook for 2023; an Open Letter to Shareholders From the CEO
MONTREAL, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R) (“Troilus” or the “Company”), is pleased to provide a summary
About this update from Troilus Mining Corp
[{"type":"text","content":" MONTREAL, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R) (“Troilus” or the “Company”), is pleased to provide a summary of its key accomplishments in 2022 as well as an outlook of 2023, in this open letter to shareholders from Chief Executive Officer, Justin Reid. A copy of the letter is presented below, while the original document can be found on our website HERE. Dear Shareholders, 2022 was a year of incredible accomplishments for Troilus; our efforts in exploration and drilling, project engineering and strategic management have resulted in our company and project being in its strongest position yet. We have continued to systematically de-risk and advance our project, laying the foundation for what we believe will become a cornerstone Canadian mine for decades to come. We experienced impactful technical developments on the exploration front, with consistent expansion of the ore bodies across all main zones, including new high-grade discoveries in proximity to the formerly mined pits, as well as the definition of exciting regional targets; results that continue to demonstrate the size and scale potential of the gold system in our district. Engineering of the project steadily advanced with the completion of feasibility-level pilot plant metallurgical testing, which we were very pleased to see confirm and exceed previous results. In 2022, we officially initiated the permitting process for the Troilus Project with the filing of the Initial Project Description at the Federal level and the Project Notice at the Quebec Provincial level, marking the first step in the Environmental and Social Impact Assessment (ESIA). Our team has proudly continued to prioritize superior standards regarding our corporate governance, our people, our communities, and the environment, ensuring the responsible development of our project and long-term positive impacts for all stakeholders. I am pleased to elaborate on what we achieved in 2022 in the following pages. We enter 2023 in a robust financial position and look forward to delivering on major de-risking milestones this year, including an updated Mineral Resource estimate in the first quarter followed by a Feasibility Study and inaugural Mineral Reserve estimate planned in the second half of 2023. We will continue to progress our exploration programs, at the m...