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Troy Minerals Inc. (TROYF) news covers the company’s ongoing work in high-purity silica and critical minerals across Canada, the United States, and Mongolia. Investors and observers can follow updates on the company’s exploration programs, resource estimates, permitting milestones, financing activities, and corporate developments.
A significant portion of Troy’s recent news flow relates to the Table Mountain high-purity silica project near Golden, British Columbia. Releases describe channel sampling campaigns, a maiden NI 43-101 Inferred Mineral Resource Estimate for high-purity silica, expansion of the project area, bulk sampling for metallurgical studies, and UAV-borne LiDAR surveys used for drill planning and potential future resource work.
News from Mongolia focuses on the Tsagaan Zalaa silica project in Dornogovi Province, where Troy, through its subsidiary Grand Samsara Consulting LLC, reports progress in the multi-stage process toward an operational mining license. Updates include official project registration with Mongolian authorities, ongoing environmental and technical studies, and early-stage discussions with high-purity quartz specialists and potential off-take partners in Central and East Asia.
Additional releases highlight activity at the Lake Owen critical minerals project in Wyoming, including the interpretation of high-resolution airborne geophysical data supported by the USGS Earth MRI initiative and the reporting of drilling results that indicate vanadium, titanium, and scandium mineralization. Corporate news items also include capital raises under listed issuer financing exemptions, option grants, and the appointment of advisors with experience in critical minerals and strategic industries.
This news page allows readers to review Troy Minerals’ disclosed progress across its portfolio, from exploration results and technical reporting to regulatory and corporate milestones.
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.
Troy Minerals has completed its initial exploration program at the Table Mountain Silica Project near Golden, B.C. The company conducted a comprehensive surface sampling program targeting high-purity silica mineralization in the Mount Wilson Formation quartzite units. Samples have been sent to ALS Laboratories in North Vancouver for analysis of silica content and other constituents.
The Table Mountain Silica Project spans 1,698 hectares with up to 10 kilometers of mapped strike length and surface widths ranging from 300 to 1,400 metres. The property benefits from year-round access and proximity to the Canadian Pacific Railway Golden Rail Yard.
Troy Minerals has signed a definitive agreement with CBGB Ventures Corp. to acquire 100% of CBGB's shares in consideration for 3,244,151 Troy common shares and 9,732,454 special warrants. CBGB holds the Table Mountain Silica Project in British Columbia and will gain up to 80% equity in Grand Samsara Development 's Tsagaan Zalaa Silica Project in Mongolia. Special Warrants will convert into shares upon achieving specific milestones. The transaction requires CBGB shareholder approval and completion of due diligence. The common shares will be subject to resale restrictions from six months to three years.