Some interesting tenements about in the Carajás region
Maybe this one is the jv with Troy resources
PROJECT UPDATE
Brazil Project Generation (Troy 100% through ReinardaMineração Ltda)
Troy in its search for new projects has an ongoing assessment and evaluation program targeting exploration and development opportunities throughout the country.
Andorinhas (Troy 100% through Reinarda Mineração Ltda)
Current drilling is focused on depth extensions of the main mineralised lodes at Mamão Underground Mine (M2/Melechete).
Two Company owned rigs in operation.
Project Description
The Andorinhas Project is a mineral exploration and development project located in Para State in northern central Brazil. The Andorinhas Project is 100% owned and operated by ReinardaMineração Ltda. (RML), a Brazilian entity which is 100% owned by Troy Resource Holdings, a BVI incorporated holding company 100% owned by Troy Resources Limited (Troy), an Australian company. Troy acquired the Andorinhas Project from Agincourt Resources do Brasil Ltda (Agincourt) in November 2006 for a cost of US$10.1M.
The Project consists of two gold concessions; Mamão and LagoaSeca which cover an area of approximately 20,000 hectares. The gold mineralisation occurs as several deposits hosted in Archaeangreenstones of the Carajás Mineral Province. The deposits have been worked in the past as both open cut and underground operations by garimpeiro.
Exploration is focussed on the most prospective targets such as Babaçu and Lagoa Seca West. Regional exploration along the mineralised corridors will include surface soil sampling, auger soil sampling, rotary air blast (RAB), reverse circulation (RC) and diamond drilling (DDH) for resource definition.
AVB Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
