Confidence Builds In Goldstar Bulk Mining Potential
Troy Resources Limited (ASX:TRY) is undertaking exploration activities on a number of fronts at its wholly-owned Karouni Project in Guyana.
A Reverse Circulation drilling programme is underway in the Goldstar area with best results to date including: 3m @ 6.03 g/t Au from 76 m; 4m @ 24.52 g/t Au from 14m; 16m @ 1.42 g/t Au from 16m; 10m @ 2.09 g/t Au from 1.0m; and 27m @ 1.20 g/t Au from 9.0m
The company says that with mineralisation currently mapped over a strike length of approximately 500 metres and a width of approximately five to 15m and outcropping at surface, early indications are that Goldstar may lend itself to bulk mining.
Located approximately 13 km from the Karouni Mill, the Goldstar Prospect covers a strike length of approximately 2,600..
Troy is currently mapping 25,500 ounces in Mineral Resources at Goldstar based on a strike length of approximately 1,000m.
However, with the existing Mineral Resource based on wide-spaced drill lines, the company considers significant potential exists to grow the Mineral Resource by increasing drilling density.
Recent assay results from samples obtaining by way of trenching (and, hence, the samples are from surface) have achieved excellent results. Additional trenching results are outstanding.
The current infill reverse circulation (RC) drilling programme encompasses 71 holes for an aggregate 5,581m.
The purpose of the current programme is to reduce line spacing to 15m and intercepts to 10 vertical metres, in so doing, upgrade the Mineral Resource and, hopefully, the mapping of a maiden Ore Reserve.
Troy had also recently completed three diamond holes for an aggregate 575m, drilled for the of gaining a better understanding of the geology and controls on mineralisation.
Assay results from both holes are yet to be received. However, all three holes intersected a sequence of highly strained to strong sheared MgO Basalts intersected by feldspar and dolerite dykes.
