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Troy Resources Ltd.

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Summary

Project:

Karouni

Deposit:Hicks 1
Location:Guyana
Commodities:Gold
Date:11/28/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:28-11-2019: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Hicks 1 deposit at the Karouni project. Drilling results incl. 12m @ 7.42g/t Au from 52m. Troy Resources Limited (ASX: TRY) (Troy or the Company) is pleased to provide
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Richard Maddocks (Independent)
ABSTRACT:Troy Resources Limited (ASX: TRY) (Troy or the Company) is pleased to provide an update on exploration activities at the Company’s wholly-owned Karouni Gold Project, Guyana. A map of the Karouni Project, illustrating key locations including Troy’s tenement holdings (greyshaded), the Karouni Mill, the Ohio Creek and Hicks Prospects, and key geological features, is set out in Figure 1. The Company recently recommenced exploration efforts on an area to the North-West (NW) of the Hicks 1 Extension focussing on the shallow, up-dip mineralisation potential which was undrilled near surface notwithstanding previous significant artisanal mining activity. Since May 2019, 121 new RC holes totalling 6,324 metres have been drilled targeting extensions to the NW of the current Hicks 1 Pit along the main Hicks-Smarts Shear Zone. This zone includes the designated Hicks 1 Extension and now the newly drilled Hicks NW area. A map of the Hicks extension area with recent drilling as well as key intersections and other geological features is set out in Figure 2.

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