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Troy Resources Ltd.
Summary
| Project: | Karouni | |
|---|---|---|
| Deposit: | Hicks 1 Extension | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 12/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-12-2019: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Hicks 1 Extension deposit at the Karouni project. Drilling results incl. 17m @ 149.14g/t Au from 34m. Troy Resources Limited (ASX: TRY) (Troy or the Company) is please | |
| 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 work on an area to the North-West (NW) of the Hicks 1 Pit focussing on the shallow, up-dip near surface mineralisation potential which was undrilled notwithstanding previous significant artisanal mining activity in the area. Since May 2019, 132 RC holes for an aggregate of 7,135 metres have been drilled targeting extensions to the NW of the current Hicks 1 Pit along the main Hicks-Smarts Shear Zone. The latest drilling results are from 20 metres infill drilling designed to provide additional data for detailed mine planning. This area was previously drilled on a 40m spacing and have now been infilled to 20m spacing. The drill holes in this announcement are part of this 20m infill drilling program into the currently defined Mineral Resource estimate for Hicks previously announced to the market on 10 October 2019 and titled “Reserve and Resource Statement”. Results are pending for holes designed to extend the mineralisation further to the north-west along the Hicks-Smarts Shear. | |
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