In a news release, Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced that it is the "first mineral exploration company to obtain certification for UL 2723: ECOLOGO Certification Program for Mineral Exploration Companies."
Troilus Gold explained that the Quebec Mineral Exploration Association (QMEA) first established standards for companies in November 2019 in order to recognize and promote best environmental, social and economic industry practices. The firm noted that the certification it received is the first one issued to any mineral exploration company.
The company advised that the standard was adapted by Underwriters Laboratories, which is accredited by the Standards Council of Canada, to create the ECOLOGO Certification enabling companies to demonstrate their commitment to the environment, community health and well-being and fair economic practices.
"Being the first mineral exploration company to be awarded ECOLOGO Certification is a proud achievement for our company," stated Troilus CEO Justin Reid." Troilus benefits from a legacy of environmental stewardship, strong community ties and a commitment to sustainable development that we intend to continue as we move the project forward. The ECOLOGO certification demonstrates to our stakeholders and investors that a trusted third party has carefully evaluated our operations and procedures to validate our sustainable practices. We view our commitment to environmental, social and economic best practices as essential to building a successful company."
QMEA's Executive Director Valérie Filion remarked, "The Quebec Mineral Exploration Association congratulates Troilus Gold Corp. for its ECOLOGO certification related to responsible development for mineral exploration companies. Troilus is the first mineral exploration company to complete all the necessary steps to comply with this new certification. This responds to the growing concern of stakeholders and investors towards our industry with regard to environmental standards and social acceptability of projects."
Troilus Gold is focused primarily on mineral expansion and potential mine re-start of the former gold and copper Troilus mine formerly operated by Inmet Mining Corp. The property encompasses 107,326 hectares and is located within the Frotêt-Evans Greenstone Belt in Quebec.
The company noted that the QMEA is a professional and industrial organization representing Quebec's mining industry established with the mission to promote sustainable, responsible exploration of Quebec's mineral resources. The association is composed of 1,200 individual and 200 corporate members and offers tools and assistance for companies wishing to become ECOLOGO certified.
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