Troy buys Intrepid's Casposo for 22 Million US dollars

摘要

Two operating mines is not enough for Troy Resources (TRY-T) - the company is spending 22 million US dollars to add Intrepid Mines' (IAU-T, IAUFF-O) Casposo gold-silver project in Argentina to its portfolio. A feasibility study for Casposo, in San Juan province, was completed in early 2007. The study envisaged a six-year mine life, with a gold-rich open pit providing mill feed for the first four years, switching to a silver-rich underground operation in the final two years.