Troy Minerals Submits Drilling Permit Application for Table Mountain Silica Project, British Columbia
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 (TROYF) ha presentato una domanda di permesso per la perforazione per il suo Table Mountain Silica Project nella Columbia Britannica, segnando un passo significativo verso la creazione di un'operazione generatrice di entrate. Il programma di perforazione completo richiede l'approvazione per 34 pozzi di perforazione nel 2025, per un totale di 1.700 metri, con ulteriori 20 pozzi pianificati negli anni successivi, raggiungendo circa 2.700 metri in cinque anni.
Il progetto mira a delineare risorse di silice ad alta purezza ed è strategicamente situato vicino a hub di trasporto e infrastrutture chiave. Questa iniziativa completa il portafoglio più ampio di Troy, incluso il Tsagaan Zalaa Silica Project in Mongolia, mentre l'azienda cerca di stabilire una presenza sia nei mercati nordamericani che asiatici della silice ad alta purezza.
Troy Minerals (TROYF) ha presentado una solicitud de permiso de perforación para su Table Mountain Silica Project en Columbia Británica, marcando un paso significativo hacia convertirse en una operación generadora de ingresos. El programa de perforación integral solicita aprobación para 34 pozos de perforación en 2025, totalizando 1.700 metros, con otros 20 pozos planeados para años posteriores, alcanzando aproximadamente 2.700 metros en cinco años.
El proyecto tiene como objetivo delinear recursos de sílice de alta pureza y está estratégicamente ubicado cerca de importantes centros de transporte e infraestructura. Esta iniciativa complementa el portafolio más amplio de Troy, que incluye el Tsagaan Zalaa Silica Project en Mongolia, mientras la compañía busca establecer una presencia en los mercados de sílice de alta pureza tanto en América del Norte como en Asia.
Troy Minerals (TROYF)는 브리티시컬럼비아에 위치한 Table Mountain Silica Project에 대한 시추 허가 신청을 제출하여 수익 창출 운영으로 나아가는 중요한 단계를 마련했습니다. 종합적인 시추 프로그램은 2025년에 34개의 시추공에 대한 승인을 요청하며, 총 1,700 미터에 달하고, 이후 20개의 시추공이 추가로 계획되어 5년 동안 약 2,700 미터에 이릅니다.
이 프로젝트는 고순도 실리카 자원을 윤곽잡는 것을 목표로 하며, 주요 운송 및 기반 시설 중심지 근처에 전략적으로 위치해 있습니다. 이 이니셔티브는 몽골의 Tsagaan Zalaa Silica Project를 포함한 Troy의 더 넓은 포트폴리오를 보완하며, 회사는 북미 및 아시아 고순도 실리카 시장에 입지를 다지기 위해 노력하고 있습니다.
Troy Minerals (TROYF) a soumis une demande de permis de forage pour son Table Mountain Silica Project en Colombie-Britannique, marquant une étape significative vers la création d'une opération génératrice de revenus. Le programme de forage complet demande l'approbation pour 34 forages en 2025, totalisant 1 700 mètres, avec 20 autres forages prévus dans les années suivantes, atteignant environ 2 700 mètres sur cinq ans.
Le projet vise à délimiter des ressources de silice à haute pureté et est stratégiquement situé près des principaux centres de transport et d'infrastructure. Cette initiative complète le portefeuille plus large de Troy, y compris le Tsagaan Zalaa Silica Project en Mongolie, alors que la société cherche à établir une présence sur les marchés nord-américains et asiatiques de la silice à haute pureté.
Troy Minerals (TROYF) hat einen Antrag auf eine Bohrgenehmigung für das Table Mountain Silica Project in British Columbia eingereicht, was einen bedeutenden Schritt in Richtung einer ertragsbringenden Betrieb darstellt. Das umfassende Bohrprogramm beantragt die Genehmigung für 34 Bohrlöcher im Jahr 2025, mit insgesamt 1.700 Metern, und weiteren 20 Löchern, die in den Folgejahren geplant sind, wodurch über fünf Jahre insgesamt etwa 2.700 Meter erreicht werden.
Das Projekt zielt darauf ab, hochreine Silica-Ressourcen abzugrenzen und ist strategisch in der Nähe wichtiger Transport- und Infrastrukturzentren gelegen. Diese Initiative ergänzt das breitere Portfolio von Troy, zu dem auch das Tsagaan Zalaa Silica Project in der Mongolei gehört, während das Unternehmen bestrebt ist, sowohl auf dem nordamerikanischen als auch auf dem asiatischen Markt für hochreine Silica präsent zu werden.
- Strategic permit application for 34 drill holes in 2025, expanding to 54 holes over five years
- Project location provides access to key transportation and infrastructure hubs
- Potential transition from exploration to revenue-generating operations
- No immediate revenue generation as project is still in permitting phase
- Drilling program subject to regulatory approval
VANCOUVER, BC / ACCESSWIRE / December 11, 2024 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the submission of a drilling permit application for the Table Mountain Silica Project in British Columbia. This key milestone supports Troy's strategic plan to evolve from an exploration-focused company into a revenue-generating mining operation, with production anticipated in the near term.
The permit application details a comprehensive drilling program, requesting approval for a program involving up to 34 drill holes in 2025, totaling approximately 1,700 meters of drilling in the first year, and an additional 20 holes planned in subsequent years, bringing the total to approximately 2,700 meters over the proposed five-year period, with provisions for additional exploration activities as needed. This phased approach enables Troy to methodically advance the Table Mountain project, ensuring alignment with both operational goals and market demand.
Strategic Advancement Towards Production
The submission of this permit application underscores Troy's commitment to expediting the development of the Table Mountain Silica Project. The planned drilling program is designed to delineate high-purity silica resources, providing critical data to support the transition into the production phase.
Yannis Tsitos, President of Troy Minerals, commented: "Submitting our drilling permit application for Table Mountain is a pivotal step in our aggressive strategy to evolve into a cash-flow-producing company. This initiative not only advances our British Columbia asset but also complements our broader portfolio, including the Tsagaan Zalaa Silica Project in Mongolia, as we aim to establish a significant strategic presence in the high-purity silica market in both North American and Asian jurisdictions."
Project Highlights and Next Steps:
Phased Drilling Program: Authorization for up to 34 drill holes in 2025, focusing on priority targets to define the silica resource, with flexibility for additional drilling in subsequent years.
Production Timeline: Drilling activities are integral to Troy's goal of initiating production at Table Mountain in the near term, contributing to the Company's transition into a revenue-generating phase.
Strategic Positioning: The project's proximity to key transportation and infrastructure hubs facilitates access to major markets, aligning with Troy's objective to become a leading supplier of high-purity silica.
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Table Mountain Project vendor.
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.
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