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Troy Resources Ltd.
Summary
| Project: | Karouni | |
|---|---|---|
| Deposit: | Ohio Creek | |
| Location: | Guyana | |
| Commodities: | Gold-Silver | |
| Date: | 11/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-11-2018: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Ohio Creek deposit at the Karouni project. Drilling results incl. 9.0m @ 40.52g/t Au from 89m. Troy Resources Limited (ASX: TRY) (Troy or the Company) is delighted to r | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Maddocks (Independent) | |
| ABSTRACT: | Troy Resources Limited (ASX: TRY) (Troy or the Company) is delighted to report outstanding assay results received to date from the Company’s first RC drilling program at its recently acquired Ohio Creek Prospect, Karouni Project, Guyana. First identified as an attractive acquisition target in 2013, the Prospect became available for purchase only recently and was duly acquired by Troy in September 2018 (refer ASX announcement of 12 September 2018 entitled “Acquisition of Ohio Creek Prospect - Guyana”). There were a number of reasons why the Ohio Creek Prospect was of significant interest to Troy: • The owner, a group of Guyanese nationals, had gone to the effort of developing within the Prospect a substantial open saprolite pit – some 100 metres long and 25 metres deep – known as the Tallman Pit whereas essentially all of the prospecting in the Karouni area has involved working of the alluvial gravels in the streams and rivers. • The Prospect is located in the area of significant gold workings (refer concentration of red dots in map above) • From the only drilling campaign previously undertaken at the Prospect – a modest 1,364 metres of diamond drilling undertaken in 1995 – a best assay result of 1 metre @ 868.8 g/t Au | |
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