Our board moves wrap includes JingBin Wang, Brent Cook, Jamie Myers, Tianjiao Wang, Mark Major, Marty Helean, Loren King, Sophie Raven, Andrew Barclay, Rebecca Broughton, Stephen Biggins, and Justin Boylson.
Mineral explorer Valor Resources has appointed highly experienced exploration executive Robin Wilson to the role of Technical Director as it looks to beef up the company's core skills. Wilson brings over 30 years of global exploration experience in many critical mineral commodities with a particular focus on uranium.
Troy resources is seeking shareholder approval for a series of agreements that would convert current debt into equity and raise funds to pursue its Smarts Underground project at its Karouni gold mine in Guyana and restart trading on the ASX. The company plans to convert approximately $18.7 million of debt to equity and issue shares at $0.022 to raise approximately $7.2 million to progress its South American mining operations.
ASX-listed Troy Resources is undertaking a $26 million recapitalisation in a bid to save the company, after conceding it had found itself in a precarious financial position.
ASX-listed Troy Resources has tabled a maiden ore reserve for the Smarts underground project at its Karouni gold operation in central Guyana. The company sees the 89,400-ounce reserve supporting production for at least 2.5 years while it explores for potential extensions. Mineralisation is said to remain open below the calculated reserve of 1,082,000 tonnes grading 2.6 grams per tonne gold.
ASX-listed Troy Resources has reported promising reverse circulation drilling results from its Gem Creek prospect, north of the company's 100 per cent owned Karouni gold operations in Guyana. Notable shallow drill hits such as 1m grading 7.5 grams per tonne and 5m at 5.36g/t gold have been recorded over an identified 500m of strike with mineralisation said to be open in all directions.
ASX-listed Troy Resources has attracted global gold major Barrick Gold Corp into its large Karouni gold project in Guyana. A new joint venture agreement will see Barrick target tier-one gold finds in the southern part of Troy's ground, including around the exciting Potaro prospect, while the Australian company continues to explore and develop in the north.
ASX-listed Troy Resources has edged closer to bringing its 288,000-ounce Smarts underground gold deposit into production at its 100 per cent-owned Karouni project in Guyana. The company has been granted approvals from the Guyana Geology & Mines Commission to enable it to advance work on Smarts as it finalises a series of technical reports on the proposed development.
ASX-listed Troy Resources has increased its exposure to the geologically prospective Makaba Kuribrong Shear Zone around its Karouni gold mine in Guyana, snaring the “must have” Potaro target in a progressive land acquisition program that has expanded its Karouni holdings to 3,000 hectares. Potaro, about 20km south of the Karouni gold plant, was identified by Troy as a key pick-up two years ago.
Troy Resources has delivered more impressive high-grade gold hits as it looks to grow the ounces beneath its operating Smarts open pit gold mine in Guyana, South America. One recent 3 metre drill intercept graded 17.35 grams per tonne gold from 176 metres and the company managed to grow its gold production for the March by a whopping 75 per cent from 4,195 ounces in the December quarter to 7,333 ounces.
Troy Resources appears to have steadied its gold production to “normal levels” at the Karouni gold mine in Guyana, South America. The news comes after setbacks last year revolving around the coronavirus pandemic, higher-than-average rainfall and a shortage of mechanical supplies. The Perth-based company managed to eke out 7,333 ounces of production in the recently completed March quarter compared with 4,195 ounces for the preceding quarter.
Troy Resources has teased out further high-grade gold hits from the latest diamond drill holes at its Smarts Underground gold deposit which sits snuggly between its active Smarts open pits at the Karouni gold project in Guyana, South America. The last batch of assays delivered some good widths including 20m at 3.68 g/t gold from 212m and 13m at 3.64 g/t gold from 177m downhole.
ASX-listed Troy Resources is back on track at the Karouni gold project in Guyana, South America. Improved efficiencies at the Smarts pit have brought production numbers back in line with expectations. Drilling results from the Smarts underground beneath the current pit and the Goldstar deposit a few kilometres away are anticipated for release next week as the company looks to increase the current mine-life.
Troy Resources has eked out more encouraging exploration results at its Karouni gold mine in Guyana where it has managed to keep the drill rods turning despite a recent spate of COVID-19 infections on site. The company, forced to pull its 2020-21 Karouni gold production guidance of 35,000-40,000 ounces due to the COVID-19 outbreak and shortage of various supplies, is now looking to build the project's ore reserves position.
Today's board moves wrap includes Cliff Lawrenson, David Netherway, Emmanuel Correia, Sahm Nasseri, Kaggen Ausma, Andrew Barclay, Raymond Parry, and Emma Stein.
Western Australia-based gold miner Troy Resources, which has become a South American specialist, is now stepping up both production and exploration at its exciting frontier site Guyana. Having navigated various recent obstacles ASX-listed Troy Resources is now setting a course to rebuild mill production and its broad exploration program at its Karouni gold project in Guyana.
Troy Resources is serving up a feast of high-grade gold intercepts at Karouni in Guyana, with drilling over the developing Smarts underground deposit continuing to deliver strong results. The company's latest two drill holes, designed to test the extremities of the deposit, have returned assays of close to 13 g/t gold, with wider intercepts including 4m at 7.08 g/t gold from 172m and 3m at 6.58 g/t gold from 111m.
Goldminer Troy Resources has secured exploration funding for its South American project, with the Perth-based company targeting a maiden ore reserve this year.
Troy Resources has hit the jackpot with a four-ounce-to-the-tonne gold hit in its latest diamond drill hole at the Smarts Underground deposit at its operating, million-ounce, Karouni gold project in Guyana, South America. In just one of 16 hits in the 449m deep drill hole, the company returned 11m at 131.93 g/t gold from 223m, including 1m at an ‘off-the-chart' 1,176.99 g/t gold.
Our board moves wrap includes Wilbert van den Hoek, James Dorrian, Alvin Tan, Oliver Barnes, Andrew McBain, Nir Gabay, Yoav Amitai, David Furstenberg, David Coyne, John Jones, and Tudor Marsden-Huggins.
Troy Resources' Smarts Underground deposit in South America continues to produce outstanding results with the company confirming three ounce-to-the-tonne, or better, gold hits at its Karouni gold project in Guyana. The ongoing reserve definition drill program returned a first hole intersection of 1m going 57.60 g/t gold from 221m where it is already sitting on a one million-ounce resource estimate.
South American focused gold miner, Troy Resources, has crunched the numbers to upgrade the mineral resource estimate at its Karouni gold project in Guyana to a healthy 1,007, 000 ounces from 16 million tonnes grading 2.0 g/t gold. Troy is also on track to produce up to 40,000 ounces this financial year at an all-in-sustaining-cost of between US$1,450 and US$1,550 an ounce.
South American focused gold miner, Troy Resources has the drill rods turning again at the Smarts underground deposit at its Karouni gold project where it previously drilled a bevy of long high-grade gold hits with grades running as high as half an ounce to the tonne. Three additional diamond holes remain to be drilled ahead of a planned resource upgrade.
ASX-listed Troy Resources has produced a volley of high-grade gold hits from its latest diamond drill program at Karouni in Guyana, South America returning six separate intercepts with grades running as high as an ounce to the tonne. The results extend a stellar run for the Perth-based explorer with 3 of the 5 holes assayed to date returning multiple gold intersections.
ASX-listed Troy Resources has returned multiple hits at its Karouni gold project in Guyana, South America, with its Smarts underground prospect throwing up drill numbers like 19m at 9.15 g/t gold from 173m down hole, including 5m going 24.24 g/t gold. Troy has also produced almost 13,000 ounces of gold from its open pit operations since mining re-commenced in January this year.
Troy Resources has weathered the challenges of Guyana's wet season, producing impressive drilling results while maintaining operations at its Karouni gold project in South America. The standout diamond drilling results from underneath the existing Smarts open pit include a 32-metre zone grading 4.29 grams per tonne gold from 168m down hole. At the Goldstar prospect, near surface RC results also include 17m grading 2.21g/t gold from just 3m.
Troy Resources has recently commenced a trial mining campaign at the Ohio Creek deposit within its Karouni gold project in Guyana. The trial is intended to support Ohio Creek's inclusion in Troy's ore reserve and establish the best way to excavate the deposit. The company currently holds an ore reserve across five separate deposits at Karouni of some 1.3Mt grading 2g/t for 86,500 ounces of gold.
Troy Resources has recovered 4,528 ounces of gold since mining re-commenced on January 10th this year at its Karouni gold project in Guyana South America, with much of the precious metal coming from the Hicks-4 pit that recently booked a three-fold reserve upgrade. Head grades have also been solid with the average grade for the quarter coming in at 2.2 grams per tonne gold.
Troy Resources has recorded a three-fold increase in mineral reserves at the company's Hicks-4 deposit that sits about 2km away from Troy's operating Karouni gold mine in Guyana, South America. The company has also commenced trial mining at the nearby Ohio Creek discovery, just one of its regional deposits that have proximity to its existing plant. Troy said its operations remain unaffected by the COVID-19 pandemic.
Troy Resources has been out in the field surrounding its Karouni gold mining operations in South America, scouting for potential new gold discoveries off the back of the highest-grade drill intercept ever recorded in the region. Activities at the Upper Itaki, Kaburi Hills and Potaro–Kuribrong prospect areas, all within cooee of Troy's existing Karouni Mill, are now hitting high gear.
Troy Resources is back on track at its Karouni gold mining operation in Guyana, South America, with mining now in full swing again after a death on-site last year closed the operation down. The company is also experiencing considerable and sustained success with the drill bit and expects ore processing to re-commence in late January as ore stocks are built up. Gold sales will commence soon after in February.
Troy Resources has re-stocked its financial armoury with a placement raising $4 million and an $11 million loan facility supporting the restart of operations at its Karouni gold mine that went onto care and maintenance in October after a fatality on site. Since then, exploration has outlined a new style of mineralisation near the Hicks 1 pit with an impressive 17m hit grading 5 ounces to the tonne gold.
Troy Resources has hit the ball out of the park with an amazing 17m drill intersection going nearly 5 ounces to the tonne gold in South America.
Importantly, the smashingly good intersection was encountered just 37m down hole at the company's Hicks 1 extension within the Karouni Gold project. As a final curtsy to the crowd, it also included a 4m section grading an eye-watering 623.17g/t gold.
Perth-based South American gold miner, Troy Resources' decision to closely focus on its exploration assets appears to be paying off with the recent discovery of a new style of mineralisation along strike from the Hicks 1 pit at its Karouni gold project in Guyana. The Hicks NW prospect has contributed around 19,000 additional reserve ounces and ongoing exploration continues to identify broad, shallow gold zones.
Troy Resources continues to strengthen its Karouni gold project in South America by bringing the Ohio Creek deposit into its global resource statement during the first half of 2019. Troy also exceeded its production target for September by 1,395 ounces gold and the company now has ore reserves of 75,100 ounces grading 1.9g/t gold and mineral resources of around 15.8 Mt at 1.9g/t gold for 986,300 gold ounces.
Troy Resources is now debt-free and will look to channel its energies into the flagship Karouni gold operation in Guyana, South America, which has considerable blue-sky exploration upside through its nearby high-grade Ohio Creek prospect. The company has now reduced its debt from USD$71.57m in March 2015 to zero and will look to maximise Karouni's potential through open-pit cutbacks on-site and ongoing exploration.
Troy Resources has discovered more near-surface gold at its Ohio and Hicks prospects in South America. Resource evaluation has commenced, with the company now optimistic that the new prospects could develop into future ore sources. Impressive gold hits such as 12m @ 14.99 g/t gold from 35m at Hicks and a growing mineralised footprint over 950m at Ohio are creating a sense of excitement around these new prospects.
Troy Resources' infill, extensional and exploratory drilling programs at the Ohio Creek prospect of its Karouni project in Guyana have returned high-grade hits of up to 5m @ 27.5g/t gold from 62m down-hole. The results to date indicate that a coherent mineralised ore system is present over a strike length of at least 500m, with widths of up to 20m and a vertical depth of 125m.
Troy Resources' infill RC drilling at the Ohio Creek prospect of its Karouni project in Guyana has returned high-grade hits of up to 3m @ 41.7g/t gold from 29m down-hole and indicated a coherent mineralised footprint across a strike length of about 100m and depth of at least 125m. Recent diamond drilling has also confirmed that gold mineralisation may extend to depths of at least 250m.
