- Troy Resources (TRY) is up more than 11 per cent today after revealing it has intersected up to 57.6g/t gold from the Smarts Underground Prospect
- The company restarted exploration at Smarts Underground in September with aims to upgrade the current 1.6 million ounce mineral reserve estimate
- The result of 57.6g/t gold highlights the potential to add high-grade ounces to the mining inventory and extend the mine life
- Reverse circulation drilling is also underway at the Ohio Creek area to extend and identify new areas of mineralisation
- Troy is still up 11.1 per cent and shares are currently trading for 10 cents each
Troy Resources (TRY) is up more than 11 per cent today after revealing it has intersected up to 57.6g/t gold from the Smarts Underground Prospect.
Smarts Underground lies within the Karouni Project in Guyana, South America.
Troy restarted exploration at Smarts Underground in September with aims to upgrade the current 1.6 million ounce mineral reserve estimate.
Between three to four diamond holes will be drilled and so far Troy has received results from one.
Results are pending for hole two and hole three is currently being drilled.
Best results include one metre at 57.6g/t gold from 221 metres, and 13 metres at 13.74g/t gold from 273 metres including one metre at 56.13g/t gold from 284 metres.
These high-grade results highlight the potential to add high grade ounces to the mining inventory at Karouni and extend the mine life.
Further, these results have seen this current drilling program be extended by nine holes to test the strike extensions to the northwest.
Reverse circulation drilling is also underway at the Ohio Creek area to extend and identify new areas of mineralisation.
Troy is still up 11.1 per cent and shares are trading for 10 cents each at 1:29 pm AEDT.