Troy Resources Ltd T.TRY

Primary Symbol: TRYRF

Metals & Mining Gold

Troy Resources Limited is an Australia-based junior gold producer operating the Karouni project in Guyana. The Company, through its subsidiary, Troy Resources Guyana Inc., operates Karouni gold project. The Karouni Gold Project is located within the country of Guyana. The project is centered at 5º37’N and 59º05’W in the central-northern portion of Guyana and lies approximately 180 kilometers (km) south-southwest of Georgetown. The project straddles the regions of Cuyuni-Mazaruni and Potaro-Siparuni and can be accessed through air from Georgetown to the airstrip on-site. The Company is focused on brownfields and greenfields exploration. The main Karouni mining areas of Smarts and Hicks are located on a central large mining license. The Company's prospects include Spearpoint Prospect, Larken Prospect, Hicks 1 Extension, Hicks 1 Extension, Gem Creek Prospect, Upper Itaki, Kaburi Hills and Ohio Creek Prospect.

GREY:TRYRF - Post by User

Troy Resources Ltd

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Comment by presto10on Mar 27, 2009 6:37pm

419 Views

Post# 15878207

RE: RE: S

OTOH Otto says:

"This type of small deposit is tailor-made for Troy, a company with a track record of bringing mines to production quickly (again, see below). It will also be able to totally fund the project from cash held at bank, so no need to get sticky in the credit markets.

Bottom line: Troy Resources, my pick of 2009, has just added investor value."

So maybe financing won't be needed at all?

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