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Troy Resources Ltd.
Summary
| Project: | Karouni | |
|---|---|---|
| Deposit: | Spearpoint, Larken | |
| Location: | Guyana | |
| Commodities: | Gold-Silver | |
| Date: | 7/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-7-2018: Troy Resources Ltd. announces an Exploration/Drilling Update report for its Spearpoint, Larken deposit at the Karouni project. Drilling results incl. 10m @ 7.41g/t Au from 45m. Troy Resources Limited (ASX: TRY) (Troy or the Company) is pleased | |
| 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 shareholders with an exploration update in respect of both the recently completed Spearpoint infill drilling program and the Larken infill drilling program which is ongoing. Both prospects are located within the Company’s Karouni Project in Guyana Troy Managing Director, Mr Ken Nilsson, commented: “The Company has completed the 38 hole reverse circulation programme (“RC”) on the Spearpoint Prospect which is located approximately 350 metres from the Karouni processing plant in Guyana and approximately 650 metres SE of the Smarts 1 pit. The drill program was designed to infill the prospect. “All assay results have now been received and collated. They demonstrate the occurrence of a significant mineralised zone with mineable widths of high grade gold over approximately 400 metres of strike length with only one hole not recording any significant gold mineralisation. “The Company will now move to prepare a Mineral Resource for Spearpoint. “At Larken, early results from the current program are also very encouraging with a number of additional quartz veins identified as well as what seems to be additional mineralisation with visible gold in some of the drill chips. | |
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