 Hello everybody and welcome back to InvestorIntel. I'm Peter Clausi, dressed for the spring. Today we're back with Troilus Gold Corp and Justin Reid. Hi Justin. Hi Peter, how are you? I was going to make a comment about the spring look. It looks good. I like it. Take your joys where you find them. And one of your joys must be today's press release with your gold news. Tell us about your drill program. Well, thanks for having us on first of all. It's always great to come back and update you. The press release this morning was a continuation of the program that we've been working on over the last four months, which is 7,000 meters a month expansion at the Troilus Mine, but more importantly the newly discovered Southwest Zone. Southwest Zone was discovered last year, one month of drilling 600,000 ounces in only 8,000 meters of drilling. We've drilled another 25,000 meters now and we've expanded the resource by over a kilometer and a half at surface and as well the breadth. Last year at this time you're only about 400 meters. That's right. So you've added 1.1 kilometers to surface length. Exactly. But none of this is included in your preliminary economic analysis. That's a separate document on a different part of the property. 100%. So everything that we're putting out over the last three months, four months, is outside of the existing pit shell. It's higher grade, it's lower strip and it's at surface within the shadow of what would be a head frame. So it's additional ounces but better ounces. Easier ounces. Now I'm looking at the market today. It's trading kind of sideways on you. I was impressed with your drill results but it seems several companies lately have had the same experience like QPM and ReadySet Gold. They put out length of 100 meters of 1 in 2 grams and the market shrugs. Why do you think that is? I don't know if drill results necessarily move markets anymore. I think we're getting a little long in the tooth. We're trading with gold. We're not trading by equity and I think for Troilus specifically there's an expectation that this is going to get bigger. I don't think anybody expected the Southwest would be showing a strike line larger than what our Z87 pit is where 2 million ounces was produced. But for us I think our big catalyst is keep delivering. We're drilling this to reserve now. So we're at this development stage and the market is really going to be focusing on what the new resources look like. And our last one was 8.1 million ounces. We're adding between a million and a million and a half ounces a year if not more. And I see no reason why we're not going to be able to deliver that. When do you think a new PEA or resource estimate will be done? Resource estimate into Q3 early Q4. We still have five drills turning right now and we haven't cut anything off. The big question I get a lot from the analysts is when are you going to cut off this drilling? When we don't hit anything. We're going to have to come up with that soon. And the pre-feasibility, which is including the Southwest Zone, which we're drilling to reserve, not to re-inferred, we expect before the end of the year. Wow, you're busy, busy people. But not too busy that you can't fit an acquisition in there. No, no. Well, it's been in the works for a while. We acquired or are acquiring Urban Gold, All-Stock deal, $16 million valuation, Troilus stock. Record dates tomorrow, circular next week, should close in the middle of next month. Urban Gold, we have 1,000 square kilometers of the Fortet Evans Belt, which we've expanded aggressively over the last two and a half years. Because we're finding a lot of gold, we want to protect the new structural extent of the deposit. Urban, they're kind of in our way. Everywhere we go with some great results, we run into them. And we know their team very well. They share our infrastructure when they're working in the field. And it's going to make Troilus not just an asset, but really fill in the gaps for us for the entire belt. So that when we start saying we have generational opportunities, they're going to become part of it. They have the Crescia area, the Bullseye area, the Palador area. And all of these are additional and accretive to our existing packages. And so it made a lot of sense. We own 10% of the company. We've been quietly buying it for about six months. And I think it's a win-win for all shareholders. Good. And that goes to a shareholder meeting win. Yeah, it's going to go to an Urban Gold shareholder meeting, I think May 13th. And for us, we don't have a shareholder meeting. It's not deemed material. Well, yeah. Under the rules of the exchange. By law. But for us as far as exploration, development, and true focus, it's material scientifically to us for sure. And I think we're going to be able to unlock a lot of value quickly. You're releasing drill results all the time because you have five rigs spinning. When are the next results coming out? Some today. We have partials on a bunch of holes back. We're kind of hitting every two weeks. And so I see no reason why that's not going to stop. And I tell you, I quite like the press releases. Whoever drafts them for the company does a good job. The graphics really do a good job of telling the story. Thanks. Her name is Caroline Arsenault. So I'm going to give her a full recognition. We've made a concerted effort over the last, call it, six months. We've found that if you're spending a lot of time explaining, then you're missing something. And so we spent a lot of time with the geologic team and the engineering team and the graphics team say, this drill hole, what does it really mean? And so we've brought in other holes and other sections and we've shown projections. And I think when you're looking at a low grade bulk tonnage type of deposit like Troilus, you need to see not just an intersection on a line, but you need to see what the impact is from a pit, right? And I think in our graphics, we're adding, we're visualizing everything above cutoff. And so you quickly can start to put a pit around things and the press release today is a great example of that. What's interesting is one of the diagrams shows the PEA pit shell over here and then all the other blue holes that aren't part of the PEA over here. It's a good graphic. That PEA pit shell in the Southwest, we defined in one month of drilling last year and that PEA came out in August of last year. So we haven't stopped since then. There's a lot more data that's going to be added to that. How much cash do you have in the bank? 15. We got a check back from the Quebec government today for $1.6 million, which is a great reason to work in Quebec. Good for you. So Troilus School trades us TLG on the Toronto Stock Exchange. And I will be checking in again with you soon, Justin, because I find your story fascinating. Peter, thanks again. I always like to talk to you.