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Explorer ‘Bolsters Its Operational and Technical Expertise’

Source: Streetwise Reports   06/09/2021

The background and responsibilities of a recently appointed Troilus Gold executive are described in…

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Source: Streetwise Reports   06/09/2021

The background and responsibilities of a recently appointed Troilus Gold executive are described in a Laurentian Bank Securities report.

In a June 1 research note, Laurentian Bank Securities analyst Jacques Wortman reported that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQX) appointed Richard Harrisson to its newly created chief operating officer (COO) position.

"As Troilus project development continues to advance through the prefeasibility and feasibility study phases, the appointment of a new COO is timely and will assist with the detailed engineering and pre-development work required," Wortman commented.

As Troilus Gold's COO, Wortman indicated, Harrisson will be responsible for all Quebec operations, including meeting key engineering milestones. Those include a prefeasibility study, expected in Q4/21, and a subsequent feasibility study, expected in 2022. Also, "he will oversee environmental, permitting and First Nation consultations as well as day-to-day activities and site logistics," Wortman wrote. Harrisson will report directly to CEO Justin Reid.

Wortman described Harrisson's credentials. His mining industry experience spans more than 20 years and is primarily in operations and mine engineering and construction. Most recently, Harrisson was a director of project evaluations at Canadian Malartic. Prior to that, he worked in the areas of mine design, construction, permitting and operations for various mining companies, including Agnico, Premier Gold, Xstrata, Cambior and Aur Resources. Harrisson holds a bachelor's degree from Quebec's Université Laval in mining and mineral engineering.

"We are encouraged that an executive of the caliber of Mr. Harrisson has taken this key role and see this as important project sponsorship," Wortman wrote.

Laurentian has a Buy recommendation and a target price of CA$3.45 per share on Troilus Gold, the current share price of which is about CA$1.18.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Troilus Gold. Click here for important disclosures about sponsor fees.
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Disclosures from Laurentian Bank Securities, Troilus Gold Corp., June 1, 2021

Laurentian Bank Securities Inc. and/or its officers, directors, representatives, traders, analysts and members of their families may hold positions in the stocks mentioned in this document and may buy and/or sell these stocks on the market or otherwise.

The Research Analyst's compensation is based on various performance and market criteria and is charged as an expense to certain departments of Laurentian Bank Securities (LBS), including investment banking.

Laurentian Bank Securities Inc. may, in exchange for remuneration, act as a financial advisor or tax consultant for, or participate in the financing of companies mentioned in this document.

The analyst(s) certify that (1) the views expressed in this report in connection with securities or issuers they analyze accurately reflect their personal views and (2) no part of their compensation was, is, or will be directly or indirectly, related to the specific recommendations or views expressed by them in this report. The Research Analyst's compensation is based on various performance and market criteria and is charged as an expense to certain departments of Laurentian Bank Securities (LBS), including investment banking.

Within the last 24 months, LBS has undertaken an underwriting liability with respect to equity securities of, or has provided advice for a fee with respect to, this issuer.

The Analyst has visited material operations of this issuer.

This issuer paid a portion of the travel-related expenses incurred by the Analyst to visit material operations of this issuer.

To access Laurentian Bank Securities' regulatory disclosures, please click here.

( Companies Mentioned: TLG:TSX; CHXMF:OTCQX, )

This article was originally published at https://www.streetwisereports.com/article/2021/06/08/explorer-bolsters-its-operational-and-technical-expertise.html