Troy Resources Limited (ASX:TRY) announced an update on the exploration programs ongoing at the Karouni gold project in Guyana. The Mineral Resource and maiden Ore Reserve at the Smarts underground pit are scheduled to be completed in later December quarter. The initial 2 holes of the drilling program intersected gold mineralisation with the following intercepts-
SDD191
- 5.3 m @ 2.26 g/t Au from 52.7 m
- 1 m @ 12.98 g/t Au from 144 m
- 4 m @ 7.08 g/t Au from 172 m
- 9 m @ 2.35 g/t Au from 234 m
SDD192
- 3 m @ 2.59 g/t Au from 104 m
- 3 m @ 6.58 g/t Au from 111 m
Further, 9-hole diamond drilling is progressing on the Smarts NW prospect. The surface trench sampling program at Goldstar deposit intersected high-grade mineralisation, such as-
- 13 m @ 3.27g/t Au (GTR001)
- 7 m @ 2.89 g/t Au and10 m @ 1.01g/t Au (GTR002)
- 8 m @ 2.99 g/t Au (GTR004)
Troy Resources traded at A$0.102 a share on 13 November 2020 at 12:33 PM AEST with a market capitalisation of A$80.52 million.
