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Troy Resources Ltd.
Summary
| Project: | Karouni | |
|---|---|---|
| Deposit: | Ohio Creek | |
| Location: | Guyana | |
| Commodities: | Gold-Silver | |
| Date: | 3/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-3-2019: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Ohio Creek deposit at the Karouni project. Drilling results incl. 44m @ 3.5g/t Au from 73m. The Ohio Creek Prospect is located on the highly prospective Tallman Corrido | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Maddocks (Independent) | |
| ABSTRACT: | The Ohio Creek Prospect is located on the highly prospective Tallman Corridor, approximately ten kilometers north-north-east of Troy’s operating Karouni Mill (refer Figure 1). Since acquiring the Prospect in September 2018, RC drilling has continued on, essentially, an ongoing basis. Exploration success to date has seen Troy commit to a drilling program designed to delineate mineral resources and to extend known mineralised trends. Accordingly, previous references to different phases of drilling will be discontinued to avoid confusion in what is now an ongoing program with the aim of establishing a viable mining project. Since the last announcement to the ASX on 4 March 2019, assay results from a further 17 holes and the trenching program have been received. The hole is interpreted to have intersected a shear zone with strong carbonate alteration and, towards the end of the hole, a felsic dyke with moderate pyrite alteration and quartz veining. Several of the RC chips within the felsic dyke indicate breccia style veining, which is a similar setting to that observed in the Hicks deposit. Most significantly, the intersection in TRC089 extends the known mineralised corridor at Ohio Creek by the length of the step-out, being 230 metres, such that strike length of known high-grade mineralisation is now approximately 950 metres. The early success of step-out drilling in this area confirms the exploration concept being pursued by the Company and potentially indicates the presence of further wide-zoned high-grade mineralisation towards the north-west. Relatively modest assay results were also returned from other drill holes on the same line as TRC089. | |
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