Troy Resources (ASX:TRY) - CEO & Managing Director, Ken Nilsson
CEO & Managing Director, Ken Nilsson
Source: PressReader
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  • Troy Resources (TRY) has restarted exploration drilling at the Karouni Project in Guyana, South America
  • Work has restarted at the Smarts Underground area with aims to drill three to four diamond holes to upgrade the mineral reserve estimate
  • This area currently has an inferred resource of 1.6 million ounces and Troy is expecting to release an update in Q4 2020
  • The company has also planned extensional drilling at the Ohio Creek and Goldstar prospects with reverse circulation drilling to begin soon.
  • Troy shares are down 4.55 per cent and are currently trading for 10.5 cents each

Troy Resources (TRY) has restarted exploration drilling at the Karouni Project in Guyana, South America.

Work has restarted at the Smarts Underground area with aims to drill three to four diamond holes to upgrade the mineral reserve estimate.

This area currently has an inferred resource of 1.6 million ounces and Troy is expecting to release an update in Q4 2020.

Previous drilling at the Smarts Underground area has returned results of eight metres at 15.5g/t gold, 11 metres at 12.4g/t gold, and 19 metres at 9.15g/t gold.

This area remains open at depth and along strike to the northwest and further extensional drilling is expected to begin shortly.

Troy believes that Smarts Underground has the potential improve production at Karouni given the high grade nature of the ore.

The company has also planned extensional drilling at the Ohio Creek and Goldstar prospects with reverse circulation drilling to begin soon.

Troy shares are down 4.55 per cent and are trading for 10.5 cents each at 3:30 pm AEST.

TRY by the numbers
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