Mine Troilus

The Troilus property is a gold copper project. It is located in central Quebec 175 km north of the town of Chibougamau. It is accessible by a well maintained gravel road. The Troilus mine was in operation from 1997 to 2010 and produced over 2 millions ounces of gold and 50,000 pounds of copper. Infrastructure were dismantled after closing. Significant exploration work is currently underway on the property. An PEA was completed in October 2020.

The Troilus Mine is located approximately 650 km north of Montreal and 175 km by road north of Chibougamau in northwestern Quebec within lands administered by the Municipalité de la Baie James (Figure 4-1). The property is located within NTS map sheets 32J/15 (Lac Troilus), 32J/16 (Lac Bueil), 32O/01 (Lac Miskittenau), and 32O/02 (Lac Montmort). It is approximately centred on UTM coordinates 535,085 mE and 5,649,950 mN (NAD 83, Zone 18), or latitude 51°00' N and longitude 74°30' W.

Source: Technical report on the Troilus gold-copper mine mineral resource estimate, Québec, Canada (January 1, 2019) page : 4-1

The Project is located 175 km by road, north of Chibougamau. From Chibougamau, the Property is easily accessed by driving 23 km east and northeast along 3e Rue and Highway 167, turning north on Route du Nord for approximately 108 km: and turning east and northeast along the mine access road (R1047) for roughly 44 km. Highway 167 is paved and in good condition. The Route du Nord and mine access road are well maintained year-round. The drive from Chibougamau is typically 2 hours. There are regular scheduled flights to Chibougamau from Montreal.

Source: Preliminary Economic Assessment of the Troilus Gold Project Qubec, Canada (October 14,2020) page : 5-1