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Troy Resources Ltd.
Summary
| Project: | Karouni | |
|---|---|---|
| Deposit: | Hicks 4 | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 1/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-1-2020: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Hicks 4 deposit at the Karouni project. Drilling results incl. 16m @ 2.42g/t Au from 78m. 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 mining and 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. Exploration at Hicks has continued during the temporary cessation of mining at Karouni with the undertaking of both infill and extensional Reverse Circulation (“RC”) drilling. In order to maintain the naming protocol of the Hicks pits, the pit previously called the Hicks 1 Extension Pit will now be called the Hicks 4 Pit. The Hicks 1 Extension Pit was first announced in the ‘Resources and Reserves Update – June 2019’ released on 10 October 2019. The pit designs illustrated on the following figures are all based on this reserve statement. The Hicks Shear exploration target to the north-west of the Hicks 4 pit will be called the Hicks NW target. | |
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