Sign up Australia
Proactive Investors - Run By Investors For Investors

Troy Resources intersects high-grade gold 2 kilometres from mill in Guyana

The results point to a large mineralised zone with mineable widths of high-grade gold.
Troy Resources intersects high-grade gold 2 kilometres from mill in Guyana
Troy's Karouni Operation is in the South American nation of Guyana

Troy Resources Ltd (ASX:TRY) has intersected high-grade gold in a reverse circulation (RC) drilling program at the Larken prospect, 2 kilometres east of the company’s Karouni mill in Guyana.

The program comprised 42 drill holes for 2,448 metres and demonstrate the occurrence of a mineralised zone with mineable widths of high-grade gold over a strike length of around 400 metres.

Only a few holes did not record any notable gold mineralisation.

READ: Troy Resources’ drill results confirm growth potential of Karouni gold project in Guyana

Highlighted intersections include: 5 metres at 6.27 g/t gold from 20 metres; 4 metres at 6.70 g/t from 13 metres; 3 metres at 13.63 g/t from 37 metres; and 6 metres at 4.14 g/t from 39 metres.

Other holes produced assays of: 3 metres at 5.19 g/t from 67 metres; 8 metres at 3.23 g/t from 18 metres; and 7 metres at 2.84 g/t from 42 metres.

Ground disturbance from previous artisanal mining did not allow access to some locations, resulting in some areas targeted for infill holes remaining undrilled.

Troy will prepare a mineral resource for Larken incorporating the new results.

Visible gold

Larken is a shear-hosted deposit on a parallel shear to the Smarts-Hicks shear.

Mineralisation is related to the contact of sheared basalt and an iron-rich mafic unit.

Intensive quartz veining with moderate disseminated pyrite has been intersected and one drill hole has logged visible gold

View full TRY profile View Profile

Troy Resources Ltd Timeline

December 16 2015
February 26 2014

Related Articles

Lydian International will be one of the few gold companies to go into production this year
January 10 2018
Lydian International is one of only a handful of companies taking gold projects into production this year
Otis Gold makes leap at Kilgore with improved indicated resource as CEO upbeat about size of project
August 22 2018
Significantly, the higher confidence indicated resource has been lifted by 59% compared to a previous report six years ago.
July 18 2018
Recent excitement at Mandalay has been focused on potential future output at its Australian mine

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use