GGMC congratulates Troy Resources on first gold pour

Georgetown, Guyana – (November 23, 2015) The Guyana Geology and Mines Commission (GGMC) has expressed congratulations to Troy Resources Limited for recording the pouring of its first gold bar at the Karouni gold project, located in Region Seven, Cuyuni- Mazaruni.

The first gold bar produced at the location from gravity circuits weighs 4792 grams. Executive Director – Project Development, for the company, Ken Nilsson said that the company was pleased that its investments in Guyana were paying off.

“We are extremely excited to have poured our first gold bar at Karouni. The plant is fully functional and we are operating at a level slightly ahead of our anticipated ramp up program,” he said.

A recent visit to site by a team from the Guyana Geology and Mines Commission (GGMC) found that the company has done an exceptional job in ensuring that the tenets of the Mineral Agreement signed in 2014, were being upheld.

According to GGMC Chairman, Clinton Williams, “…the Company has outdone itself in fulfilling its obligations as agreed to in the Mineral Agreement.”

Since announcing completion of commissioning in late October, the Karouni plant has been running in a stop start mode while the team has been modifying operational aspects and synchronising mechanical and electrical components. However, all individual systems in the plant are now operating in accordance with design parameters and the mill is performing well with availability now above 90%. At this point in the ramp up cycle, the plant is being run at between 40 to 50% of nominal capacity. The nominal design capacity of 80,000 tonnes per month is scheduled to be achieved in early 2016.

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