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Troy Resources Ltd.
Summary
| Project: | Karouni | |
|---|---|---|
| Deposit: | Ohio Creek | |
| Location: | Guyana | |
| Commodities: | Gold-Silver | |
| Date: | 3/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-3-2019: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Ohio Creek deposit at the Karouni project. Drilling results incl. 10.0m @ 16.69g/t Au from 90m. Troy Resources Limited (ASX: TRY) (Troy or the Company) is pleased to rep | |
| 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 report the receipt of further high-grade assay results from the Company’s Phase 2 reverse circulation (RC) drilling campaigns at the Ohio Creek Prospect in Guyana. In its announcements “Outstanding First-Pass Assay Results at Ohio Creek” released to the ASX on 7 November 2018, “Further High Grade Assay Results at Ohio Creek” released on 12 December 2018 and New High Grade Assay Results from Ohio Creek” released on 1 February 2019, Troy announced assay results from all 39 holes of the Phase 1 RC drilling campaign and 20 holes from the 47 hole Phase 2 RC drilling campaign at Ohio Creek. This announcement encompasses assay results from an additional 20 holes (TRC059 to TRC078) from Phase 2, with assay results from only seven holes from the campaign outstanding. The Phase 3 campaign, now underway, involves step out and infilling current drill lines and holes to better understand the distribution of high grade ore. 39 RC holes are planned for an aggregate 3,000 metres. The Phase 3 campaign will also encompass diamond drilling, with a rig due on site pending arrival in Guyana. With geology complex at Ohio Creek as previously reported, diamond drilling will significantly increase the understanding of lithological controls on mineralisation and enable the orientation of structures to be measured, including the extent of the mineralisation offset at interpreted fault zones. | |
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