Troy Minerals Strategically Expands Its Lake Owen Project in Wyoming by 100%
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 (TROYF) ha raddoppiato strategicamente il suo Lake Owen Project nel Wyoming attraverso l'aggiunta di 85 nuove concessioni, portando il totale a 185 concessioni. L'espansione aumenta la dimensione della proprietà da 714 a 1433 ettari, concentrandosi su aree di gabbro ricche di magnetite potenzialmente fertili.
L'espansione segue il primo programma geologico dell'azienda nella seconda metà del 2024, che ha incluso mappatura geologica, perforazioni diamantate e campionamento. Il Lake Owen Project è un complesso di intrusioni mafiche stratificate del Proterozoico, simile al Stillwater Complex e al Merensky Reef, mirato alla mineralizzazione di vanadio, titanio, PGE e metalli associati.
Il progetto ha attirato l'attenzione della strategia del governo degli Stati Uniti sui minerali critici, con recenti sondaggi geofisici aerei ad alta risoluzione condotti. I geologi del USGS e del WGS hanno visitato la proprietà per esaminare il nucleo di perforazione e selezionare campioni per studi petrologici.
Troy Minerals (TROYF) ha duplicado estratégicamente su Lake Owen Project en Wyoming mediante la adición de 85 nuevas concesiones, llevando el total a 185 concesiones. La expansión aumenta el tamaño de la propiedad de 714 a 1433 hectáreas, centrándose en áreas de gabbro ricas en magnetita potencialmente fértiles.
La expansión sigue al primer programa geológico de la compañía en la segunda mitad de 2024, que incluyó mapeo geológico, perforación con diamante y muestreo. El Lake Owen Project es un complejo de intrusión máfica estratificada del Proterozoico, similar al Stillwater Complex y al Merensky Reef, enfocado en la mineralización de vanadio, titanio, PGE y metales asociados.
El proyecto ha atraído la atención de la estrategia del gobierno de EE. UU. sobre minerales críticos, con recientes encuestas geofísicas aéreas de alta resolución realizadas. Geólogos del USGS y del WGS han visitado la propiedad para revisar el núcleo de perforación y seleccionar muestras para estudios petrografícos.
트로이 미네랄스 (TROYF)는 와이오밍의 레이크 오웬 프로젝트에서 85개의 새로운 권리를 추가하여 전략적으로 두 배로 늘려 총 185개 권리로 증가시켰습니다. 이 확장은 부지를 714헥타르에서 1433헥타르로 늘리며, 잠재적으로 비옥한 자철석이 풍부한 가브로 지역에 초점을 맞추고 있습니다.
확장은 2024년 하반기 회사의 첫 번째 지질 프로그램에 이어 진행되었으며, 이 프로그램에는 지질 매핑, 다이아몬드 시추 및 샘플링이 포함되었습니다. 레이크 오웬 프로젝트는 스틸워터 복합체 및 메렌스키 리프와 유사한 원생대 층상 마픽 침입 복합체로, 바나듐, 타이타늄, PGE 및 관련 금속의 광물화를 목표로 하고 있습니다.
이 프로젝트는 미국 정부의 중요한 광물 전략에서 주목을 받았으며, 최근 고해상도 공중 자력 및 방사선 지구물리학 조사가 수행되었습니다. USGS 및 WGS의 지질학자들이 시추 코어를 검토하고 석영 연구를 위한 샘플을 선택하기 위해 현장을 방문했습니다.
Troy Minerals (TROYF) a stratégiquement doublé son Lake Owen Project dans le Wyoming grâce à l'ajout de 85 nouvelles concessions, portant le total à 185 concessions. L'extension augmente la taille de la propriété de 714 à 1433 hectares, en se concentrant sur des zones de gabbro riches en magnétite potentiellement fertiles.
L'extension fait suite au premier programme géologique de l'entreprise prévu pour la deuxième moitié de 2024, qui comprenait la cartographie géologique, le forage diamanté et l'échantillonnage. Le Lake Owen Project est un complexe d'intrusions mafiques stratifiées du Protérozoïque, similaire au Stillwater Complex et au Merensky Reef, visant la minéralisation de vanadium, de titane, de PGE et de métaux associés.
Le projet a attiré l'attention de la stratégie du gouvernement américain sur les minéraux critiques, avec des enquêtes géophysiques aériennes à haute résolution récemment réalisées. Des géologues du USGS et du WGS ont visité la propriété pour examiner les carottes de forage et sélectionner des échantillons pour des études pétrologiques.
Troy Minerals (TROYF) hat strategisch sein Lake Owen Project in Wyoming durch die Hinzufügung von 85 neuen Ansprüchen verdoppelt, was die Gesamtzahl auf 185 Ansprüche erhöht. Die Erweiterung vergrößert die Grundstücksfläche von 714 auf 1433 Hektar und konzentriert sich auf potenziell fruchtbare Gebiete mit magnetit-reichem Gabbro.
Die Erweiterung folgt dem ersten geologischen Programm des Unternehmens in der zweiten Hälfte von 2024, das geologische Kartierung, Diamantbohrungen und Probenahmen umfasste. Das Lake Owen Project ist ein proterozoisches geschichtetes mafiges Intrusionskomplex, ähnlich dem Stillwater-Komplex und dem Merensky-Riff, das auf die Mineralisierung von Vanadium, Titan, PGE und damit verbundenen Metallen abzielt.
Das Projekt hat die Aufmerksamkeit der Strategie der US-Regierung für kritische Mineralien auf sich gezogen, mit kürzlich durchgeführten hochauflösenden Luftmagnetik- und Radiometrie-geophysikalischen Untersuchungen. Geologen des USGS und WGS haben das Grundstück besucht, um Bohrkerne zu überprüfen und Proben für petrologische Studien auszuwählen.
- Strategic doubling of property size from 714 to 1433 hectares
- Project is part of US government's critical minerals strategy
- Active involvement and interest from USGS and WGS geologists
- Property has existing infrastructure access
- None.
VANCOUVER, BC / ACCESS Newswire / February 20, 2025 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the strategic expansion of its Lake Owen Project, located 50km southwest of Laramie, Wyoming, USA (the "Property") by adding a significant number of neighboring claims. The new Claims staking process followed the conclusion of the Company's first phase geological program that took place in H2 2024. The exploration program consisted of first pass geological mapping, diamond drilling and sampling. Results of this program will be reported in due course.
"Our Lake Owen Project compliments our overall portfolio of strategic exploration assets in Canada, USA and Mongolia." stated Yannis Tsitos, President of Troy Minerals. " The addition of 85 claims on our Wyoming holdings, now brings our total number of claims to 185 and was made to increase the amount of potentially fertile magnetite-rich gabbro in the Property. Our near-term goals are to explore the layered mafic intrusion for vanadium and titanium mineralization, which also includes ‘reef' style PGE (Platinum Group Elements) mineralization as noted by historic work and drilling on the Property by Chevron and, the potential for basal massive Cu and Ni sulfide mineralization along the Proterozoic- contact."
The Lake Owen Project has effectively been doubled and now comprises 1433 hectares from 714 hectares before the new staking. The newly acquired claims are accessible through existing infrastructure and cover strategic land adjacent to the existing Lake Owen claims (see Figure 1 below)
Figure 1. Lake Owen Project Expanded Claims
The Lake Owen Project, is a Proterozoic layered mafic intrusion complex with a long history of sporadic exploration primarily for Platinum Group Elements. Similar in style to the Stillwater Complex in USA and the Merensky Reef of South Africa, the Lake Owen Complex is a highly prospective North American based target with a strong potential for significant vanadium, titanium, PGE and associated metals mineralization.
The Lake Owen Complex is the focus of the US government's critical minerals strategy resulting in a recently completed high resolution airborne Magnetic and Radiometric geophysical survey over the complex, which also covers the Company's property, and included ‘boots on the outcrop' mapping and sampling by the United States Geological Survey ("USGS"). Geologists from the USGS and Wyoming Geologic Survey ("WGS") recently visited the Property with Troy's Chief Geologist Bill Cronk. Their goals were to review the recently drilled core, log it themselves and select samples for petrologic studies including thin section analysis.
Qualified Person
The scientific and technical disclosure in this news release was approved by Ted VanderWart, P.Geo, a Qualified Person as defined in NI 43-101 and a consultant to the Company.
About Troy Minerals
Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located "critical" mineral assets. Troy is aggressively advancing its projects within the silica (silicon), vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.
ON BEHALF OF THE BOARD,
Rana Vig | CEO & Director
Telephone: 604-218-4766
Email: rana@ranavig.com
Forward-Looking Statements
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Troy Minerals Inc.
View the original press release on ACCESS Newswire
FAQ
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