12:53 PM EST, 12/10/2024 (MT Newswires) -- (Updates shares.)

Troilus Gold ( CHXMF ) reported Tuesday "positive" results for an environmental study at its Troilus copper-gold project in Quebec.

The company said the results showed that the main ore zones at Troilus show minimal potential for acid rock drainage, a process by which certain minerals, when exposed to air and water, can generate acidic water runoff.

Troilus said this assessment supports its commitment to environmentally responsible development and strengthens the project's profile as a sustainable operation.

"The key findings from this study indicate that the Troilus rock is not acid generating and does not require additional treatment thereby helping to minimize and mitigate the environmental footprint of the future operation," said Jacqueline Leroux, vice president of environment and permitting at Troilus.

"Besides the positive environmental outcome, this also has the potential to contribute to cost savings for the future operation since we will be able use the waste rock for other infrastructure projects, such as building roads and a liner will not be required for the tailings facility," Leroux added.

Troilus shares were last seen down $0.005 to $0.345 on the Toronto Stock Exchange.

Price: 0.35, Change: -0.01, Percent Change: -1.43