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
Encouraging drill results spice up Troy s Guyana gold project businessnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessnews.com.au Daily Mail and Mail on Sunday newspapers.
Troy Resources (ASX:TRY) reports “encouraging” exploration results from Gem Creek
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Troy Resource (TRY) reports ‘encouraging’ results from exploration at the Gem Creek Prospect at its wholly owned Karouni Gold Project in Guyana
A recent reverse circulation campaign returned results including one metre at 7.5 grams of gold per tonne (g/t) from 32 metres
Gold mineralisation was identified along 500 metres of strike, remaining open both to the north and south, as well as at depth
While assay results are still pending for a further eight reverse circulation holes, TRY has plans for further infill, at-depth and extensional drilling
Troy draws gold major Barrick into Guiana Shield gold hunt businessnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessnews.com.au Daily Mail and Mail on Sunday newspapers.
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.
Map of the Smarts Underground showing drill hole locations and assay results. Credit: File
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.