Troy Minerals Inc - TROYF STOCK NEWS

Troy Minerals (TROYF) has strategically doubled its Lake Owen Project in Wyoming through the addition of 85 new claims, bringing the total to 185 claims. The expansion increases the property size from 714 to 1433 hectares, focusing on potentially fertile magnetite-rich gabbro areas.

The expansion follows the company's first phase geological program in H2 2024, which included geological mapping, diamond drilling, and sampling. The Lake Owen Project is a Proterozoic layered mafic intrusion complex, similar to the Stillwater Complex and Merensky Reef, targeting vanadium, titanium, PGE, and associated metals mineralization.

The project has garnered attention from the US government's critical minerals strategy, with recent high-resolution airborne Magnetic and Radiometric geophysical surveys conducted. USGS and WGS geologists have visited the property to review drill core and select samples for petrologic studies.

Troy Minerals Inc. (TROYF) has submitted a mining license application for its Tsagaan Zalaa Silica Project in Mongolia through its subsidiary Grand Samsara Consulting The project, located 200 kilometers from the Mongolia-China border, aims to produce high-purity quartz silica (HPQ).

The 1,670-hectare project has demonstrated silica purity of up to 99.98% after beneficiation, based on a 10-tonne bulk sample sold to a Chinese off-taker in 2023. The site features massive high-purity quartz veins up to 5 metres in width exposed on surface.

Troy plans to implement a simple 'Blast-Scoop-Load' production approach, initially focusing on selling raw high-purity silica without requiring a processing plant. The company aims to initiate production in 2025, pending mining license approval. Troy is currently working on finalizing a Preliminary Economic Assessment (PEA) study, securing financing, and advancing discussions with offtake partners.

Troy Minerals has announced results from sampling at its 100% owned Table Mountain Silica Project near Golden, British Columbia. The program identified three distinct zones of high-purity silica mineralization within the Mount Wilson Quartzite Formation:

- Table Mountain Zone: Averaged 98.90% SiO₂ from 45 grab samples (range: 98.18-99.74%)

- South Zone: Averaged 98.80% SiO₂ from 13 samples (range: 97.83-99.49%)

- Southeast Zone: Averaged 98.52% SiO₂ from 29 samples (range: 95.82-99.82%)

Channel sampling at the Table Mountain Zone yielded 98.86% SiO₂ over 62.11 metres across five channels. The quartzite zone extends at least 150 metres wide with a strike length of minimum 4 kilometers. All zones showed very low levels of deleterious elements.

Troy Minerals (TROYF) has expanded its Table Mountain Silica Project near Golden, British Columbia through the staking of two additional mineral claims. The new claims total 606 hectares and are contiguous to the existing property, bringing the project's total area to 2,304 hectares.

The expansion strengthens Troy's position in a region known for high-purity silica deposits within the Mount Wilson Formation. The newly acquired claims are accessible through existing infrastructure and are strategically located adjacent to the current Table Mountain claims.

Troy Minerals (TROYF) has submitted a drilling permit application for its Table Mountain Silica Project in British Columbia, marking a significant step toward becoming a revenue-generating operation. The comprehensive drilling program requests approval for 34 drill holes in 2025, totaling 1,700 meters, with an additional 20 holes planned in subsequent years, reaching approximately 2,700 meters over five years.

The project aims to delineate high-purity silica resources and is strategically located near key transportation and infrastructure hubs. This initiative complements Troy's broader portfolio, including the Tsagaan Zalaa Silica Project in Mongolia, as the company seeks to establish a presence in both North American and Asian high-purity silica markets.

Troy Minerals Inc. (CSE:TROY)(OTCQB:TROYF) has announced arrangements to address challenges in delivering shareholder meeting materials due to the ongoing Canada Post strike. The company's annual general meeting is scheduled for December 31, 2024, but the postal strike may prevent timely delivery of Meeting Materials to shareholders.

To ensure shareholder participation, the Meeting Materials have been made available on the company's website and SEDAR+ profile. Shareholders can still vote either directly by proxy (registered shareholders) or through intermediaries (unregistered shareholders). The company will provide free email copies of Meeting Materials upon request. The proxy voting deadline is set for 10:30 a.m. (Pacific time) on December 27, 2024.

Troy Minerals has completed a high-resolution LiDAR survey at its Table Mountain Silica Project near Golden, British Columbia. The survey covered 1.3 square kilometres of the primary target zone, where previous sampling indicated potential for high-purity silica mineralization. The company has also submitted 201 quartzite silica samples to ALS Geochemistry, including 131 grab samples and 70 channel samples from 67.12 metres of continuous channeling across 5 channels within the LiDAR survey area. The detailed topographic data will support geological interpretation and future resource modeling, marking a significant step in evaluating the project's potential in the North American high-purity silica market.

Troy Minerals Inc. (CSE:TROY)(OTCQB:TROYF) announces key leadership changes as part of its transition from exploration to cash flow production. Yannis Tsitos, a 35-year mining industry veteran and former BHP executive, has been appointed as President, while Rana Vig continues as CEO. Tsitos brings extensive experience from working in 32 countries, including Mongolia, and has been instrumental in over 50 exploration and mining agreements. The company also engaged Hillside Media & Consulting for a 30-day digital marketing campaign at $20,000 to increase corporate awareness.

Troy Minerals announces the restart of drilling at its Tsagaan Zalaa Silica Project in Mongolia, targeting completion of a minimum 1,000-meter drill program by year-end 2024. This milestone is important for the mining license submission. The project, located near the Mongolian-Chinese border, features outcropping or sub-outcropping silica mineralization, enabling shallow drilling campaigns. Environmental studies, including archaeological and paleontological assessments, were completed in October 2024. The company aims to transition to production in 2025, positioning itself to serve Asia's growing high-purity silica market for green technology and high-tech industries.