Company News Summary
Troy Resources Provides June 2012 Quarterly Activities Report
Original announcement: Quarterly Activities Report June 2012
Troy Resources provided its June 2012 quarterly activities report, reporting record annual group production of 137,457 gold equivalent ounces, and group quarterly gold production of 29,520oz at a cash cost of US$544/oz net of silver credits. At Casposo, Argentina, the "winterisation program" has performed well with the site operating through periods below minus ten degrees Celsius with minimal impact on plant performance. Exploration at Casposo has predominantly focused on the B Vein/SEXT Vein. Although generally thinner and lower grade than the 2011 Inca 2 discovery, it is commercially attractive because it sits in the hangingwall of Inca 2 and thus will be able to be accessed by underground development being put in to mine Inca 2. The company also reported quarterly gold production of 10,791oz and financial year gold production of 48,632oz at Andorinhas, Brazil.
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