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Company News
Troy Resources confirms ‘spectacular’ drill results from Smarts gold target at Karouni
A three-hole drilling program to define an initial ore reserve at the Smarts Underground prospect within the Karouni gold project in Guyana, South America has returned a “world-class and spectacular” drilling result for owner Troy Resources (ASX: TRY). The second diamond hole at the high-grade target confirmed the presence of 16 different zones of anomalous […]
Gold confidence builds at Troy Resources’ Ohio Creek prospect
Troy Resources (ASX: TRY) believes its Ohio Creek prospect in Guyana could evolve into something “pretty special” following the receipt of further high-grade gold assay results. Assay results from the company’s phase one reverse circulation drilling program reaffirmed high-grades and stacked mineralised zones present at Ohio Creek. Highlights from the recent drilling program include 4m […]
Troy Resources off to a ‘promising start’ with Ohio Creek gold assays
Troy Resources (ASX: TRY) has announced “outstanding” first-pass assay results from a maiden reverse circulation (RC) drilling campaign on the Ohio Creek prospect at its Karouni gold project in Guyana. The junior gold producer just acquired the Ohio Creek prospect in September from a group of Guyanese nationals and recently commenced the 47-hole RC drilling […]
Troy Resources dramatically reduces costs while upping production
Troy Resources (ASX: TRY) investors have rewarded the gold producer for a 29% reduction in all-in sustaining cost and 35% increase in production which put its quarterly cashflow at A$14.2 million. Troy’s 29% reduction in all-in sustaining cost dragged the cost figure down US$297 to US$720 (A$950.58) an ounce in the March quarter, when compared […]
Troy Resources achieves record gold production at Karouni
Troy Resources (ASX: TRY) has revealed it produced a record 21,703 ounces of gold at its Karouni operation in Guyana in the March quarter. The company said the production figure exceeded budget and was 8% higher than its previous record of 20,195oz, achieved two years ago in the March 2016 quarter. Troy’s latest production record […]