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- Troy Resources (TRY) has found “spectacular” results at Smarts prospect within its Karouni Gold Project in Guyana, South America
- The company commenced an eight-hole diamond drilling campaign at Smarts underground
- Earlier this week, the company reported results for four of those hole, but it now has results from the fifth hole
- Results from the hole include two metres at 31.38g/t of gold from 175 metres
- Troy is now planning a second stage drilling campaign, which is expected to commence shortly and finish in September
- On the market this afternoon, Troy is up 23.81 per cent and is trading for 13 cents per share
Troy Resources (TRY) has found “spectacular” results at Smarts prospect within its Karouni Gold Project in Guyana, South America.
In July, the company commenced an eight-hole diamond drilling campaign at Smarts Underground.
The drilling program aimed at targeting mineralisation beneath the Smarts Pits, where the company has previously had a mineral resource of three million tonnes at three grams per tonne of gold and one gram per tonne of gold cut off for approximately 290,000 ounces.
Earlier this week, the company reported results from the first four holes. It now has assay results from the fifth hole, SDD187.
Results from the hole include two metres at 31.38g/t of gold from 175 metres and six metres at 8.12g/t of gold from 175 metres.
What’s next?
Troy is now planning a second stage drilling campaign, which is expected to commence shortly and finish in September.
On the market this afternoon, Troy is up 23.81 per cent and is trading for 13 cents per share at 12:42 pm AEST.
