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Troy Resources Ltd.
Summary
| Project: | Karouni | |
|---|---|---|
| Deposit: | Spearpoint | |
| Location: | Guyana | |
| Commodities: | Gold-Silver | |
| Date: | 3/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-3-2018: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Spearpoint deposit at the Karouni project. Drilling results incl. 7m @ 13.08g/t Au from 41m. Troy Resources Limited (ASX: TRY) (“Troy” or the “Company”) is pleased to p | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: A.E Olson, Carolina Milla (Independent;Internal) | |
| ABSTRACT: | Troy Resources Limited (ASX: TRY) (“Troy” or the “Company”) is pleased to provide shareholders with an exploration update on the recently completed Spearpoint Prospect infill drilling programme and a summary of future work. The programme was designed to confirm the continuation of the main Smarts Shear Zone. All assay results have now been received and collated. Troy Managing Director, Mr Ken Nilsson, said: “As previously announced, the Company has completed a 34 hole reverse circulation programme (“RC”) on the Spearpoint Prospect located approximately 350 metres from the Karouni processing plant and approximately 650 metres SE of the Smarts 1 pit. “The results show a very robust mineralised zone with mineable widths of high grade gold over approximately 400 metres of strike length. In addition to the main veins, there is an enriched saprolite layer closer to surface that requires additional shallow drilling to fully evaluate the size of that portion of the Spearpoint Prospect.” The results of holes SRC 811 to 819 inclusive were reported in the Company’s December 2017 Quarterly Report released to the ASX on 31 January 2018. | |
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