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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 ....
Troy Resources (ASX:TRY) faces delays in Guyana's first underground mine themarketherald.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themarketherald.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. ....
Production continues to improve at Troy Resources’ (ASX:TRY) Karouni Gold Project SubscribeBe the first with the news that moves the market Gold production at Troy Resources (TRY) Karouni Project in Guyana continues to improve following issues encountered in the December 2020 quarter Location problems with drill collars reduced the program by about 800 metres However, Troy is now reconciling well on an ongoing basis, indicating all issues have been resolved The company produced 4776 ounces of gold at Karouni in the first two months of this year, representing a 13.8 cent increase on 4195 ounces for the entire December 2020 quarter The result is attributed to processing more than 138,000 tones at an average head grade of 1.16 grams per tonne gold and an average recovery of 92.1 per cent ....
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 ....