Troy Resources NL, dual-listed on the Australian and Toronto Stock Exchanges (code: TRY), is a junior gold producer with operations at Sandstone in Western Australia and the Andorinhas Gold project in Para State, Brazil.
Troy Resources reports maiden gold resource at Casposo’s Julieta Main Zone
16th Jul 2010, 3:36 pm
Troy Resources NL (TSX, ASX:TRY) has revealed a maiden resource estimate at the Julieta Main Zone of the Casposo project in Argentina, with 29,700 contained ounces of gold equivalent in the inferred category - 268,700 tonnes grading 3.21 grams per tonne (g/t) gold and 15.44g/t silver.
"In terms of size or grade this new resource is less noteworthy than the existing Casposo inventory but it is the first step in growing a significant resource at Julieta, and demonstrates that there is considerable potential associated with a number of mineralised veins on the property apart from those included in the current mine plan,” Troy chief executive Paul Benson commented.
"The Julieta Vein has been mapped for more than a kilometer along strike outside of this resource and is open down dip. We will drill the structure with deeper diamond drilling as part of the ongoing exploration drill program ... The Casposo Project remains within budget and on schedule to produce first gold in the current quarter”.
The Julieta prospect is hosted on the Casposo project in Argentina, located approximately 5km northwest of Casposo’s Kamila Deposit. The primary indicated resource, which was published in July 2009, stands at 602,500 contained gold equivalent ounces and 56,200 gold equivalent ounces in the inferred.
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