Troy Resources NL

Troy Resources NL

September 13, 2009 23:42 ET

Troy Resources NL: Updated Technical Reports for Casposo and Sandstone

PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 13, 2009) -


Troy Resources NL ("Troy" or the "Company") (TSX:TRY)(ASX:TRY) is pleased to report that it has filed technical reports in accordance with National Instrument 43-101 in respect of:

(i) Casposo Gold-Silver Deposit in the San Juan province of Argentina;
This technical report updates the previous technical report for the
increase in indicated resource ounces by 32% as previously
announced on 29 July 2009.

(ii) Sandstone Gold Project, Western Australia;
This technical report primarily updates the previous technical
report for the increase in resource ounces at the Two Mile Hill
deposit previously announced on 31 July 2009. Reserves and
resources have also been updated for depletion due to mining and
processing since the previous report.

The technical reports are available on under the Troy company profile and the company's website at the following link Path Investor Information \ Reports \ Technical.

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.


Troy Resources (TSX:TRY)(ASX:TRY) is a dividend-paying junior gold producer, with a clear growth strategy. The Company has two producing gold operations; at Sandstone in Western Australia and the Andorinhas Mine in Para State, Brazil and a gold silver development project, Casposo, in San Juan province, Argentina.

Troy has an experienced Board and management team with a portfolio of successful, fast-track mine development and low-cost operations.

Troy has an annual exploration budget of $5 million and a proven track record in exploration discoveries and strategic acquisitions.

Troy is currently focused on developing its Casposo Project, which it acquired in May 2009. With the acquisition and development of Casposo, Troy is entering a renewed growth phase which will again lift the Company's annual gold production above 100,000 ounces of gold per annum.

The Company maintains a robust balance sheet, and its current assets are forecast to continue to generate strong cash flow. Troy's gold production is unhedged; allowing its shareholders access to the full benefit of current and future gold price upside.

With the recent Casposo acquisition, Troy is positioned to continue its path of strong growth and profitable operations and is well on track to achieve its vision of becoming a highly profitable mid-tier gold producer with a portfolio of quality long-life assets.

Troy is a responsible corporate citizen, committed to the best practice of health and safety, environmental stewardship and social responsibility.

To view a map of the PROJECT LOCATIONS, please view the following link:

ABN 33 006 243 750

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