NI 43-101 Feasibility Study: Troilus Gold - Copper Project Québec Canada
Report Date: June 28, 2024
Effective Date: May 14, 2024
Prepared by
AGP Mining Consultants Inc.
#246-132K Commerce Park Drive
Barrie, ON L4N 0Z7 Canada
Qualified Persons:
Paul Daigle, géo.
Marc Rougier, P.Eng.
Ryda Peung, P.Eng.
Willie Hamilton, P..Eng.
Zunedbhai Shaikh, P.Eng.
Laurent Gareau, P.Eng.
Vlad Rojanscki, P.Eng.
Pierre Primeau, P.Eng.
Ann Lamontagne, Eng., Ph.D.
Gordon Zurowski, P. Eng.
Balvinder Singh, P.Eng.
IMPORTANT NOTICE
This technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) for Troilus Gold Corp. (Troilus) by AGP Mining Consultants Inc. (AGP), also known as the Report Author. The quality of information, conclusions, and estimates contained herein is consistent with the level of effort involved in the Report Authors' services, based on i) information available at the time of preparation of the report, ii) data supplied by outside sources, and iii) the assumptions, conditions, and qualifications set forth in this report. This report is intended for use by Troilus subject to the terms and conditions of their contract with the Report Author. Those contracts permit Troilus to file this report as a Technical Report with Canadian Securities Regulatory Authorities pursuant to NI 43-101. Except for the purposes legislated under applicable Canadian provincial, territorial, and federal securities laws, as well as under Toronto Stock Exchange policies, any other use of this report by any third party is at that party's sole risk.
NI 43-101FEASIBILITY STUDY TROILUS GOLD - COPPER PROJECT
QUÉBEC, CANADA
Contents
1 SUMMARY | 1-1 | ||
1.1 | Introduction | 1-1 | |
1.2 | Location and Ownership | 1-1 | |
1.3 | Accessibility, Local Resources, Infrastructure and Climate | 1-1 | |
1.4 | History | 1-2 | |
1.5 | Geology and Mineralization | 1-2 | |
1.6 | Deposit | 1-3 | |
1.7 | Exploration | 1-3 | |
1.8 | Drilling | 1-3 | |
1.9 | Sample Preparation, Analyses and Security | 1-4 | |
1.10 | Data Verification | 1-4 | |
1.11 | Mineral Processing and Metallurgical Testing | 1-4 | |
1.12 | Mineral Resources | 1-5 | |
1.13 | Mineral Reserves Estimates | 1-8 | |
1.14 | Mining Methods | 1-9 | |
1.14.1 | Mine Geotechnical and Dewatering | 1-9 | |
1.14.2 | Open Pit Mining | 1-9 | |
1.15 | Recovery Methods | 1-10 | |
1.16 | Project Infrastructure | 1-11 | |
1.17 | Market Studies and Contracts | 1-11 | |
1.18 | Environmental, Permitting, and Social Considerations | 1-12 | |
1.19 | Capital and Operating Costs | 1-12 | |
1.19.1 | Capital Costs | 1-12 | |
1.19.2 | Operating Costs | 1-13 | |
1.20 | Economic Analysis | 1-14 | |
1.21 | Conclusions | 1-15 | |
1.22 | Recommendations | 1-15 | |
1.22.1 | Summary | 1-15 | |
1.22.2 | Geology | 1-16 | |
1.22.3 | Geotechnical | 1-16 | |
1.22.4 | Mining | 1-16 | |
1.22.5 | Processing | 1-16 | |
1.22.6 | Infrastructure | 1-17 |
2 INTRODUCTION | .............................................................................................................. | 2-1 | |
2.1 | Issuer and Purpose | 2-1 | |
2.2 | Qualified Persons | 2-1 | |
2.3 | Site Visits and Scope of Personal Inspection | 2-2 | |
2.3.1 | Geology | 2-2 |
T O C | 1-1
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2.3.2 | Geotechnical | 2-3 | |
2.3.3 | Metallurgy and Processing | 2-3 | |
2.3.4 | Mining | 2-3 | |
2.3.5 | Infrastructure | 2-3 | |
2.3.6 | Tailings | 2-3 | |
2.3.7 | Water Management | 2-3 | |
2.3.8 | Water Treatment | 2-4 | |
2.3.9 | Environmental | 2-4 | |
2.3.10 | Financial/Mining Costs | 2-4 | |
2.3.11 | Summary of Site Visits | 2-4 | |
2.4 | Effective Dates | 2-4 | |
2.5 | Previous Technical Reports | 2-5 | |
2.6 | Units of Measure | 2-5 | |
2.7 | Terms of Reference (Abbreviations & Acronyms) | 2-7 |
3 RELIANCE ON OTHER EXPERTS | 3-1 | |
3.1 | Metallurgical Sample Selection | 3-1 |
3.2 | Metallurgical Testwork | 3-1 |
3.3 | Equipment Selection | 3-2 |
4 PROPERTY DESCRIPTION AND LOCATION | ........................................................................4-1 | ||
4.1 | Property Location and Description | 4-1 | |
4.2 | Project Ownership | 4-8 | |
4.3 | Mineral Tenure - Québec | 4-9 | |
4.4 | Surface Rights | 4-10 | |
4.5 | Royalties and Encumbrances | 4-10 | |
4.5.1 | Royalties | 4-10 | |
4.5.2 | Encumbrances | 4-11 | |
4.6 | Permits | ................................................................................................................................ | 4-13 |
4.7 | Environmental Liabilities | 4-13 |
5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, AND PHYSIOGRAPHY .. | 5-1 | |
5.1 | Accessibility | 5-1 |
5.2 | Climate | 5-1 |
5.3 | Local Resources and Infrastructure | 5-1 |
5.4 | Physiography | 5-2 |
5.5 | Sufficiency of Surface Rights | 5-2 |
6 HISTORY | 6-1 | ||
6.1 | Exploration and Development (1985 - 2010) | 6-1 | |
6.1.1 | Ownership History (1985 - 1993) | 6-2 | |
6.1.2 | Kerr-Addison and Minnova (1985 - 1993) | 6-3 | |
6.1.3 | Metall and Inmet (1993 - 2005) | 6-3 | |
6.2 | Historic Production - Troilus Mine (1996 - 2010) | 6-4 |
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7 GEOLOGICAL SETTING AND MINERALIZATION | 7-1 | ||
7.1 | Regional Geology | 7-1 | |
7.2 | Project Geology | 7-5 | |
7.2.1 | Deposit Lithologies | 7-7 | |
7.3 | Structural Geology | 7-12 | |
7.3.1 | Deformation Phase D1 | 7-12 | |
7.3.2 | Deformation Phase D2 | 7-13 | |
7.3.3 | Late NNE-SSW Brittle Faults | 7-14 | |
7.3.4 | Fractures | 7-14 | |
7.4 | Mineralization | 7-14 | |
7.4.1 | Type 1 - Disseminated Mineralization | 7-15 | |
7.4.2 | Type 2 - Vein-hosted Mineralization | 7-16 | |
7.4.3 | Alteration | 7-17 | |
7.5 | Mineralized Zones | 7-18 | |
7.5.1 | Z87 Zone | 7-19 | |
7.5.2 | J Zone | 7-20 | |
7.5.3 | X22 Zone | 7-20 | |
7.5.4 | Southwest Zone (SW Zone) | 7-21 | |
7.6 | Prospects/Exploration Targets | 7-24 | |
7.6.1 | Allongé and Carcajou | 7-24 | |
7.6.2 | Beyan and Cressida | 7-24 | |
7.6.3 | Testard | 7-25 | |
7.6.4 | Freegold-Bullseye | 7-26 | |
7.6.5 | Pallador | 7-26 |
8 | DEPOSIT TYPES | ............................................................................................................... | 8-1 | |
8.1 | Discussion - Current Genetic Models | 8-4 | ||
9 | EXPLORATION | 9-1 | ||
9.1 | Exploration Review (Pre-2018) | 9-1 | ||
9.2 | Troilus (2018 to Present) | 9-1 | ||
9.2.1 | Troilus Gold Property | 9-2 | ||
9.2.2 | Troilus Frotêt Property | 9-4 | ||
9.3 | Geophysical Surveys | 9-12 | ||
9.4 | Petrology, Mineralogy, and Research Studies | 9-14 | ||
9.5 | Exploration Potential | 9-14 | ||
10 | DRILLING | 10-1 | ||
10.1 | Drilling Summary | 10-1 | ||
10.2 | Drill Methods and Logging (2018 - 2023) | 10-5 | ||
10.2.1 | Downhole Surveys | 10-5 | ||
10.2.2 | Drill Core Logging | 10-5 | ||
10.2.3 | Drill Core Sampling | 10-7 | ||
10.3 | Previous Drill Methods and Logging | 10-8 | ||
10.3.1 | Drill Core Logging | 10-8 | ||
10.3.2 | Drill Core Sampling | 10-8 |
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10.4 | Geotechnical and Hydrological Drilling | ...............................................................................10-9 | |
10.5 | Metallurgical Drilling | 10-9 | |
10.6 | Summary of Drill Intercepts | 10-9 | |
10.6.1 | Z87 Zone | 10-9 | |
10.6.2 | J Zone | 10-13 | |
10.6.3 | X22 Zone | 10-14 | |
10.6.4 | SW Zone | 10-16 | |
10.7 | Exploration Drilling | 10-19 | |
10.7.1 | Allongé Zone | 10-19 | |
10.7.2 | Cressida Target | 10-20 | |
10.7.3 | Testard Target | 10-22 | |
10.7.4 | Pallador Target | 10-24 | |
10.8 | AGP Opinion | 10-25 |
11 SAMPLE PREPARATION, ANALYSES, AND SECURITY | .......................................................11-1 | ||
11.1 | Pre-2018 | ............................................................................................................................. | 11-1 |
11.1.1 | Analytical Laboratories | 11-1 | |
11.1.2 | Sample Preparation and Analysis | 11-1 | |
11.2 | Troilus (2018 - 2020) | 11-2 | |
11.2.1 | Analytical Laboratories | 11-2 | |
11.2.2 | Sample Preparation and Analysis | 11-2 | |
11.3 | Density Determinations | 11-3 | |
11.3.1 | Z87 Zone, J Zone, X22 Zone | 11-3 | |
11.3.2 | SW Zone (2019-2023) | 11-4 | |
11.4 | Quality Assurance/Quality Control (QA/QC) | 11-5 | |
11.4.1 | QA/QC (pre-2018) | 11-6 | |
11.4.2 | QA/QC (2018-2019) | 11-8 | |
11.4.3 | QA/QC (2019-2020) | 11-11 | |
11.4.4 | QA/QC (2021-2022) | 11-15 | |
11.4.5 | QA/QC (2022-2023) | 11-25 | |
11.5 | Databases | 11-30 | |
11.6 | Sample Security | 11-30 | |
11.7 | Qualified Person Opinion | 11-30 |
12 DATA VERIFICATION | 12-1 | ||
12.1 | Data Verification, All Zones | 12-1 | |
12.2 | AGP Site Visit | 12-1 | |
12.2.1 | Logging, Sampling, and Storage Facilities | 12-1 | |
12.2.2 | Drill Hole Core Storage Area and Facilities | 12-3 | |
12.2.3 | Drill Hole Collar Locations | 12-5 | |
12.2.4 | Drill Hole Log and Drill Core Review | 12-7 | |
12.2.5 | Independent Samples | 12-8 | |
12.3 | Qualified Person Opinion | 12-8 |
13 MINERAL PROCESSING AND METALLURGICAL TESTING | 13-1 |
13.1 Introduction | 13-1 |
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13.2 | Summary of Historical Testing | 13-2 | |
13.3 | Metallurgical Sample Selection | 13-2 | |
13.4 | Metallurgical Testwork Overview | 13-7 | |
13.5 | Comminution Testwork | 13-7 | |
13.5.1 | JKTech - SMC, Abrasion and Bond Mill Work Index Tests (2021 - 2022) | 13-7 | |
13.5.2 | Base Met Lab - SMC, Abrasion and Bond Mill Work Index Tests (2023) | 13-8 | |
13.5.3 | KCA - HPGR Pilot Plant Testwork (2023) | 13-8 | |
13.5.4 | FLSmidth - High Pressure Grinding Abrasions Testwork (2024) | 13-10 | |
13.5.5 | Hazen Research Inc. - SMC and Bond Mill Work Index Tests (2023) | 13-10 | |
13.5.6 | Third Party Review of HPGR Circuit by J-Consultores Ltda. (2023) | 13-10 | |
13.6 | Gravity Separation | 13-13 | |
13.6.1 | FLSmidth Gravity Recovery Testwork (2021 - 2022) | 13-13 | |
13.6.2 | FLSmidth Gravity Recovery Testwork (2023 - 2024) | 13-14 | |
13.6.3 | Base Metallurgical Laboratory - Intensive Leach Tests on Knelson Concentrates | 13-14 | |
13.6.4 | Gold Gravity Recovery - FLS Modelling and Data from Historical Troilus Operation .... | 13-15 | |
13.7 | Flotation Testwork | 13-16 | |
13.7.1 | Eriez Testwork Results for J, SW and 87 Zone (3,000 kg Samples) | 13-22 | |
13.7.2 | Eriez Testwork for J, SW1, SW2, and 87 Zone (800 kg Samples) | 13-25 | |
13.7.3 | Eriez Testwork Results for X22-1 and X22-2 (150 kg Samples) | 13-26 | |
13.7.4 | Eriez Testwork Results for X22-1 and X22-2 (1,500 kg Samples) | 13-27 | |
13.8 | Base Metallurgical Laboratories Testwork (2022 and 2024) | 13-28 | |
13.8.1 | Chemical Content of the Feed Samples (2022) | 13-28 | |
13.8.2 | Mineral Content of the Feed Samples (2022) | 13-29 | |
13.8.3 | Mineral Liberation for Feed Samples (2022) | 13-30 | |
13.8.4 | Mineralogical Analysis for Rougher Scavenger Concentrates (2022) | 13-31 | |
13.8.5 | Cyanide Leach Test Results - Cleaner Tailings | 13-34 | |
13.8.6 | Base Met Dewatering Tests (2022) | 13-35 | |
13.8.7 | Pressure Filtration - Concentrates | 13-36 | |
13.8.8 | Minor Elements for Concentrates | 13-37 | |
13.8.9 | Base Met Dewatering Tests (2024) | 13-38 | |
13.9 | Pocock Solid-Liquid Separation Testwork (2020) | 13-40 | |
13.10 Acid Base Accounting (ABA) Testwork | 13-40 | ||
13.11 | Results Interpretation | 13-42 | |
13.12 | Conclusions and Recommendations | 13-42 | |
13.12.1 | Conclusions | 13-42 | |
13.12.2 | Recommendations | 13-43 |
14 MINERAL RESOURCE ESTIMATES | 14-1 | ||
14.1 | Summary | ............................................................................................................................. | 14-1 |
14.1.1 | Open Pit Resources | 14-2 | |
14.2 | Underground Resources | 14-3 | |
14.3 | Database | ............................................................................................................................. | 14-4 |
14.4 | Lithological Model | 14-5 | |
14.4.1 | Lithological Model | 14-5 | |
14.4.2 | Pit Areas | 14-6 |
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14.4.3 | Bulk Density | 14-8 | |
14.5 | Z87 Zone | ............................................................................................................................. | 14-9 |
14.5.1 | Interpretation | 14-9 | |
14.5.2 | Exploratory Data Analysis | 14-11 | |
14.5.3 | Block Model | 14-24 | |
14.6 | J Zone | 14-36 | |
14.6.1 | Interpretation | 14-36 | |
14.6.2 | Exploratory Data Analysis | 14-37 | |
14.6.3 | Block Model | 14-49 | |
14.7 | X22 Zone | ........................................................................................................................... | 14-60 |
14.7.1 | Interpretation | 14-60 | |
14.7.2 | Exploratory Data Analysis | 14-61 | |
14.7.3 | Block Model | 14-66 | |
14.8 | SW Zone | 14-73 | |
14.8.1 | Interpretation | 14-73 | |
14.8.2 | Exploratory Data Analysis | 14-74 | |
14.8.3 | Block Model | 14-86 | |
14.9 | Mineral Resources | 14-94 | |
14.9.1 | Mineral Resource Classification | 14-94 | |
14.9.2 | Metal Equivalent | 14-97 | |
14.9.3 | Cut-off Grade | 14-98 | |
14.9.4 | Reasonable Prospects for Eventual Economic Extraction | 14-98 | |
14.10 | Mineral Resource Statement | 14-99 | |
14.11 Factors That May Affect Mineral Resource Estimate | 14-101 | ||
14.12 Comparison With Previous Estimate | 14-102 | ||
14.12.1 | Mineral Resource Comparison - Z87 Zone | 14-102 | |
14.12.2 | Mineral Resource Comparison - J Zone | 14-102 | |
14.12.3 | Mineral Resource Comparison - SW Zone | 14-103 |
15 MINERAL RESERVE ESTIMATES | 15-1 | |
15.1 | Summary | 15-1 |
15.2 | Pit Slopes | 15-2 |
15.3 | Economic Pit Shell Development | 15-3 |
15.4 | Cut-off | 15-5 |
15.5 | Dilution and Mining Recovery | 15-5 |
15.6 | Pit Design | 15-6 |
15.7 | Mine Schedule | 15-7 |
15.8 | Mineral Reserves Statement | 15-7 |
15.9 | Factors That May Affect Mineral Reserve Estimate | 15-8 |
16 MINING METHODS | 16-1 | |
16.1 | Introduction | 16-1 |
16.2 | Mining Geotechnical | 16-1 |
16.2.1 Recommended Slope Configurations | 16-3 |
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16.2.2 | Future Geotechnical Work | 16-7 | |
16.3 | Open Pit | .............................................................................................................................. | 16-7 |
16.3.1 | Geologic Model Importation | 16-7 | |
16.3.2 | Economic Pit Shell Development | 16-9 | |
16.3.3 | Dilution | 16-14 | |
16.3.4 | Pit Design | 16-16 | |
16.3.5 | Waste Dump Design | 16-30 | |
16.3.6 | Mine Schedule | 16-31 | |
16.3.7 | Mine Equipment Selection | 16-48 | |
16.3.8 | Blasting and Explosives | 16-48 | |
16.3.9 | Grade Control | 16-48 | |
16.3.10 | Pit Dewatering | 16-49 | |
16.3.11 | Pit Slope Monitoring | 16-49 | |
16.3.12 | Hydrogeology | 16-50 |
17 RECOVERY METHODS | 17-1 | ||
17.1 | Process Design | 17-1 | |
17.1.1 | Selected Process Flowsheet | 17-1 | |
17.1.2 | Key Process Design Criteria | 17-4 | |
17.2 | Crushing Circuit | 17-4 | |
17.2.1 | Primary Crushing | 17-5 | |
17.2.2 | Secondary Crushing and Screening | 17-5 | |
17.2.3 | Stockpile Reclaim and HPGR | 17-5 | |
17.3 | Grinding Circuit | 17-6 | |
17.4 | Gravity Concentration Circuits (Future) | 17-6 | |
17.5 | Rougher and Scavenger Flotation Circuit | 17-7 | |
17.6 | Regrind Circuit | 17-8 | |
17.7 | Cleaner Flotation Circuit | 17-8 | |
17.8 | Gold Room (Future) | 17-9 | |
17.9 | Concentrate Thickening and Filtration Circuit | 17-9 | |
17.10 | Tailings Disposal | 17-10 | |
17.11 | Reagents and Consumables | 17-10 | |
17.11.1 | Flocculant | 17-10 | |
17.11.2 | Lime | 17-11 | |
17.11.3 | Frother | 17-11 | |
17.11.4 | Collector 1 | 17-11 | |
17.11.5 | Collector 2 | 17-11 | |
17.11.6 | Pyrite Depressant | 17-12 | |
17.11.7 | Zinc Depressant | 17-12 | |
17.11.8 | Arsenic Depressant | 17-12 | |
17.12 | Water Distributions | 17-13 | |
17.12.1 | Process Water | 17-13 | |
17.12.2 | Raw Water | 17-13 | |
17.12.3 | Potable Water | 17-13 | |
17.12.4 | Fire Water | 17-14 | |
17.12.5 | TSF Decanted Water | 17-14 |
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17.13 | Other Services and Utilities | 17-14 | |
17.13.1 | Particle Size Analyser | 17-14 | |
17.13.2 | On-Stream Analyser | 17-14 | |
17.13.3 | Samplers | 17-14 | |
17.13.4 | High- and Low-Pressure Air | 17-14 | |
17.14 | Energy Requirements | 17-15 |
18 PROJECT INFRASTRUCTURE | 18-1 | ||
18.1 | General | ............................................................................................................................... | 18-1 |
18.2 | Roads and Earthworks | 18-4 | |
18.2.1 | Site Access Road | 18-4 | |
18.2.2 | Site Roads | 18-4 | |
18.2.3 | Earthworks | 18-4 | |
18.2.4 | Drainage | 18-4 | |
18.3 | Primary and Secondary Crushing, Crushed Ore Stockpile | 18-5 | |
18.4 | Reclaim and High-Pressure Grinding | 18-7 | |
18.5 | Process Plant | 18-9 | |
18.6 | Site Buildings | 18-12 | |
18.6.1 | Administration Building | 18-12 | |
18.6.2 | Metallurgical and Assay Laboratory | 18-12 | |
18.7 | Mine Services Buildings | 18-14 | |
18.7.1 | Mine Truck Shop | 18-14 | |
18.7.2 | Mine Warehouse | 18-14 | |
18.7.3 | Fuel Management Facility | 18-14 | |
18.7.4 | Camp | 18-14 | |
18.8 | Power Supply and Electrical | 18-15 | |
18.8.1 | Existing Electrical Infrastructure | 18-15 | |
18.8.2 | Main Substation | 18-16 | |
18.8.3 | Power Demand | 18-16 | |
18.8.4 | Process Plant and Ancillary Services Power Supply | 18-17 | |
18.8.5 | Power Distribution Details - Overhead Line | 18-17 | |
18.8.6 | Power Distribution Details - Process Plant | 18-18 | |
18.8.7 | Voltage Selection | 18-18 | |
18.8.8 | Power Quality | 18-19 | |
18.8.9 | Construction Power Supply | 18-19 | |
18.8.10 | Emergency/Standby Power | 18-19 | |
18.8.11 | Switch Rooms and E-Houses | 18-19 | |
18.8.12 | Control System and Instrumentation | 18-20 | |
18.9 | Logistics | ............................................................................................................................. | 18-20 |
18.10 | Fuel Supply | 18-20 | |
18.11 | Potable Water | 18-21 | |
18.12 Sewage and Solid Waste Management | 18-21 | ||
18.12.1 | Sewage Treatment | 18-21 | |
18.12.2 | Solid Wastes | 18-21 | |
18.13 Plant and Mine Facilities | 18-21 |
T O C | 1-8
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Troilus Gold Corporation published this content on 28 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2024 12:10:24 UTC.