M&G to back Troy

LONDON investment house M&G has become Troy Resources’ largest shareholder after accounting for the bulk of a A$7.57 million fundraising undertaken by the gold miner to accelerate exploration at its Karouni gold project in Guyana.

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Troy is looking for some clear air after latest fund raising for its Karouni project in Guyana

Troy said most of the exploration attention would be given to the Ohio Creek prospect where it has quickly "delineated a gold mineralised target of variously high-grade and, in places, shallow depth