Tuesday, December 22, 2009

Troy Secures Right to Earn 100% Interest in the Castaño Nuevo Low Sulphidation Epithermal Project Located 22km North of the Casposo Mine, San Juan Province, Argentina




·         Troy secures deal to acquire the historic Castaño Nuevo high grade, low sulphidation epithermal gold -silver vein project located 22km to the northeast of the Casposo Mine.

·         Troy has entered into an earn-in option agreement with the owners of the Castaño Nuevo Property whereby Troy can earn a 100% interest in the project through a series of staged cash payments and in-ground exploration expenditures totaling USD$1.1M over 4 years. The project is one of the best outcropping, low sulphidation epithermal vein occurrences in the Casposo District outside Troy’s existing tenements and within trucking distance of the Casposo Mill.

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