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Troy Resources Ltd.
Summary
| Project: | Karouni | |
|---|---|---|
| Deposit: | Ohio Creek, Hicks | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 9/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-9-2019: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Ohio Creek, Hicks deposit at the Karouni project. Drilling results incl. 12.0m @ 14.99g/t Au from 35m. Troy Resources Limited (ASX: TRY) (Troy or the Company) is please | |
| 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 of 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. Since drilling commenced at Ohio Creek in September 2018, 25 diamond core holes have been completed for an aggregate 5,636 metres and 199 reverse circulation (“RC”) holes have been completed for an aggregate 18,180 metres. Through doing so, the Company has identified a main mineralised corridor of approximately 950 metres in length which is open in all directions, as well as various other mineralised zones. A map of Ohio Creek identifying key geological features is set out in Figure 2. Immediately along strike to the north-west of the Tallman Pit, which was developed by the previous Guyanese owners, Troy has identified high-grade gold mineralisation at or near-surface (the area denoted Test Pit Area in Figure 2). | |
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