Troy Resources NL

Troy Resources NL

June 11, 2009 22:14 ET

Troy Files Technical Report for the Casposo Gold-Silver Deposit

PERTH, WESTERN AUSTRALIA--(Marketwire - June 11, 2009) -


Troy Resources NL ("Troy" or the "Company") (TSX:TRY)(ASX:TRY) is pleased to report that it has filed a technical report (the "Technical Report") in respect of the Company's Casposo Gold-Silver Deposit in the San Juan province of Argentina (the "Casposo Project") in accordance with National Instrument 43-101. The Technical Report was prepared for Troy by AMEC International (Chile) S.A. ("AMEC") and is available on and the company's website at the following link As previously announced on 6 May 2009, the Company acquired the Casposo Project from Intrepid Mines Limited ("Intrepid") on that date. The Technical Report was prepared pursuant to section 4.2(j) of National Instrument 43-101 as a result of that announcement and is substantially similar to that prepared by AMEC for Intrepid on 30 March 2007 but includes results of the update completed in the technical report of 11 June 2008.

Commenting on the filing Troy CEO Paul Benson said, "This is really just a refiling under Troy's name of the NI 43-101 prepared last year by Intrepid. Troy is currently re-evaluating the project's capital cost estimates, reviewing the resource estimates and identifying the 2009-2010 exploration priorities. In doing so we are looking to utilise most of the gold processing plant we have in storage in Cobar NSW to reduce the capital to first production. We expect to release a revised capital estimate and a revised resource statement in the September Quarter."

Information of a scientific or technical nature in this news release was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a "qualified person" under National Instrument 43-101 - "Standards of Disclosure for Mineral Projects", a member of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration, and to the activity he is undertaking, to qualify as a "competent person" as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Doyle has reviewed and approved the information contained in this press release. For further information regarding the project, including a description of the quality assurance program, quality control measures, the geology, samples collected and testing procedures in respect of the Casposo Project please refer to the Technical Report which is available under the Company's profile at

This news release contains forward-looking information. This forward-looking information reflects management's current beliefs based on information currently available and is based upon what management believes to be reasonable assumptions. A number of factors could cause actual results, performance, or achievements to differ materially from the results expressed or implied in the forward-looking information. Such factors include, among others, the future price of gold and silver, the costs of relocating and re-establishing the Cobar plant, changes in project parameters as plans continue to be refined, development and/or exploration activities, variations in ore grade or recovery rates, plant and/or equipment failure and delays in obtaining governmental approvals or in the commencement of planned activities.

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