Canadian Mining Journal

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GOLD-COPPER: Sulliden updates resources at Troilus project



QUEBEC – Toronto-based Sulliden Mining Capital has released a new resource estimate for the former Troilus gold mine in the Abitibi region. Troilus was an open pit mine from 1996 to 2010. Now Sulliden is re-examining the property as a potential underground producer.

Section of Troilus zones, 87, J4 and J5, looking north.

Section of Troilus zones, 87, J4 and J5, looking north.

The new underground indicated mineral resource is 29.6 million tonnes averaging 1.48 g/t Au (containing 1.4 million oz) and 0.16% Cu (102 million lb). Combined with the remaining pit indicated resource, the total for the property is 44.0 million indicated tonnes grading 1.27 g/t Au (1.8 million oz) and 0.12% Cu (117 million lb). The total inferred resource is 12.6 million tonnes grading 1.18 g/t Au (478,000 oz) and 0.102% Cu (28.4 million lb).

Sulliden CEO Justin Reid said in a release, “We believe this updated mineral resource estimate will be a solid foundation for our planned engineering and technical studies.”

Download the most recent investor presentation at www.Sulliden.com.