TRY – TROY HIT PAY DIRT AT KAROUNI ON OHIO PROJECT SUPER HIGH GRADE GOLD RESULTS UP TO 196 GRAMS PER TONNE PLUS, HIGH GRADE GOLD AT HICKS EXTENSION

By: Timothy Gordon

Troy Resources have recently hit some serious gold intersections on their Ohio project at Karouni, in Guyana, carrying bonanza grades gold. The width is not great, but doesn’t have to be when grades of 196g/t Gold are coming up. There are always two thoughts on grade and width. I’ll take the grade any day. 2m @ 11.79g/t Au, 0.2m @ 196g/t Au and 0.9m @ 17.86g/t Au. Now most people will say, “oh yeah but, its only over a metre or so, but hey 0.2m @ 196g/t is equivalent to 2m @ 19.6g/t Au. Sounds better over 2m. Considering that all these grades are at relatively shallow depth, around 100m to 130m it is perfect for underground mining, just below the cutoff for open pit, No need for wide drives, no overburden, just easy and low cost mining. No big gear, like massive jumbo’s, no need for big loads of expensive explosives, just damn gold and plenty of it. For every tonne of this product, its a 6.32 ounce payday with a value of $13,909.00 per tonne, You read right per tonne!! The costs are so low, they are almost not worth mentioning. This is the type of grades and mining that built the Golden Mile in Kalgoorlie. OK, I know the experts are going to say, “Oh yeah, what about the dilution,?” ha!, the dilution factor when talking these grades is almost non existent. So assume the dilution is 6 to 1, so what its still going to average? over 1 ounce per tonne. So much for the dilution argument. I love these stories and you can probably tell.

DONT GET FOOLED BY BIG WIDTHS OF LOW GRADE WHEN COMPARING WITH LOW WIDTHS OF HIGH GRADE. GRADE IN MINING GOLD, IS EVERYTHING.

Big widths need big process plants, big process plants need big mobs of personnel, big mobs of personnel need big mobs of fly in fly out $$$ and big mobs of people to look after them.

Anyway back to the story. The deeper drilling that gave these bonanza grades are below the Ohio test pit area which is essentially complete. The Company expects to announce a Maiden Resource estimate before the end of October 2019. The Mine plan for this pit is well advanced and the haul road from Ohio Project to the Karouni Mill is expected to be completed at the end of October as well. The Troy Resources Karouni Gold process plant is located around 2.5 klms away.

As well as the great results, from the deeper drilling at Ohio, the Company has also been putting some holes into the Hicks prospect, at the area known as the Hicks extension. The drilling has identified high gold grades at surface over a strike length of around 450m. Some of the significant intersections include12m@ 14.89g/t Au, 12m @ 3.64g/t Au, 11m @ 4.16g/t Au, 9m @ 4.87g/t Au, 3m@15.33g/t Au, 8m @ 7.15g/t Au. All of these intersections intersected the gold grades at between 1m to 50m from surface with an average depth of around 22m from surface. This is what easy low cost mining is all about. What you want in a Gold mine is shallow oxide Gold above 3g/t Au in the surface over width followed by less width with high grade once into underground mining. This is the mining they called “a mine made in heaven” The drilling to date on these two prospects alone has no alternative, other to be a money maker. Only inexperienced human intervention can destroy a project like this. It seems bullet proof.

Goldman

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