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Property NewsNovember 18, 2010 Troy Resources announced it has signed the definitive agreement with Mineracao Floresta Do Araguaia for the sale of the higher grade colluvial iron ore found on the Andorinhas gold mine leases in Mongolia. July 29, 2010 Troy Resources NL announced it has signed a Letter of Intent with Mineracao Floresta Do Araguaia for the sale of the high grade colluvial iron ore found on the Andorinhas Gold Mine leases, Brazil. December 31, 2008 Reported total gold production of 15,233oz at an average cash cost of (US$547/oz). This brings year to date production to 32,450oz at an average cash cost of (US$537/oz). Exploration had been focused around Bico Fino in the easternmost part of the Babaçu Trend, three “first pass” RAB holes produced encouraging gold grades that included BBR044 2m at 12.75g/t from 19m downhole, BBR046 4m grading 6.65g/t from 59m downhole and BBR048 – 3m at 11.97g/t from 4m downhole. |
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