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.
[caption id="attachment_1003714326" align="alignright" width="300"] 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.