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Troy Resources Ltd.
Summary
| Project: | Karouni | |
|---|---|---|
| Deposit: | Larken | |
| Location: | Guyana | |
| Commodities: | Gold-Silver | |
| Date: | 9/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-9-2018: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Larken deposit at the Karouni project. Drilling results incl. 3m @ 13.63g/t Au from 37m. Troy Resources Limited (ASX: TRY) (Troy or the Company) is pleased to provide s | |
| 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 shareholders with an exploration update with respect to the Larken infill drilling program commenced in June for which all results have now been received. The Larken Prospect is located approximately 2 kilometres to the east of the Company’s Karouni Mill in Guyana – refer Figure 1. Larken is a shear hosted deposit on a parallel shear to the Smarts - Hicks shear. Mineralisation is related to the contact of sheared basalt and a Fe-rich mafic unit. Intensive quartz veining with moderate disseminated pyrite has been intersected. In drill hole LRC043 visible gold has been logged. In mid-June, the Company commenced an infill RC drilling program at Larken which encompassed 42 RC holes totalling 2,448 metres, or an average of approximately 58 metres per hole. First results were release to the ASX on 12 July 2018 in an announcement entitled “Strong Exploration Results Confirm Potential at Spearpoint and Larken Prospects”. All assay results have now been received and collated, the best of the new results being:- The results demonstrate the occurrence of a significant mineralised zone with mineable widths of high grade gold over approximately 400 metres of strike length with only a few holes not recording any significant gold mineralisation. It should be noted that ground disturbance from previous artisanal miners did not allowing access to some locations which prohibited the Company from drilling where infill holes would otherwise have been sited. The Company will now move to prepare a Mineral Resource for Larken incorporating the new drilling data. | |
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