Troy Minerals Submits Mining License Application for Tsagaan Zalaa Silica Project in Mongolia
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 Inc. (TROYF) ha presentato una richiesta di licenza mineraria per il suo Progetto Silice Tsagaan Zalaa in Mongolia attraverso la sua sussidiaria Grand Samsara Consulting. Il progetto, situato a 200 chilometri dal confine Mongolia-Cina, mira a produrre silice di quarzo ad alta purezza (HPQ).
Il progetto di 1.670 ettari ha dimostrato una purezza della silice fino al 99,98% dopo il miglioramento, basato su un campione bulk di 10 tonnellate venduto a un acquirente cinese nel 2023. Il sito presenta vene di quarzo ad alta purezza massiccia fino a 5 metri di larghezza esposte in superficie.
Troy prevede di implementare un semplice approccio di produzione 'Blast-Scoop-Load', concentrandosi inizialmente sulla vendita di silice grezza ad alta purezza senza la necessità di un impianto di lavorazione. L'azienda mira a iniziare la produzione nel 2025, in attesa dell'approvazione della licenza mineraria. Troy sta attualmente lavorando per finalizzare uno studio di Valutazione Economica Preliminare (PEA), assicurare finanziamenti e avanzare nelle discussioni con i partner di off-take.
Troy Minerals Inc. (TROYF) ha presentado una solicitud de licencia minera para su Proyecto de Sílice Tsagaan Zalaa en Mongolia a través de su subsidiaria Grand Samsara Consulting. El proyecto, ubicado a 200 kilómetros de la frontera entre Mongolia y China, tiene como objetivo producir sílice de cuarzo de alta pureza (HPQ).
El proyecto de 1.670 hectáreas ha demostrado una pureza de sílice de hasta el 99,98% después del beneficio, basado en una muestra a granel de 10 toneladas vendida a un comprador chino en 2023. El sitio presenta venas masivas de cuarzo de alta pureza de hasta 5 metros de ancho expuestas en la superficie.
Troy planea implementar un enfoque de producción simple 'Blast-Scoop-Load', centrándose inicialmente en la venta de sílice cruda de alta pureza sin necesidad de una planta de procesamiento. La empresa tiene como objetivo iniciar la producción en 2025, a la espera de la aprobación de la licencia minera. Troy está trabajando actualmente en la finalización de un estudio de Evaluación Económica Preliminar (PEA), asegurando financiamiento y avanzando en las discusiones con socios de compra.
트로이 미네랄스 Inc. (TROYF)는 자회사인 그랜드 삼사라 컨설팅을 통해 몽골의 차가안 잘라 실리카 프로젝트에 대한 채굴 라이센스 신청서를 제출했습니다. 이 프로젝트는 몽골-중국 국경에서 200킬로미터 떨어진 곳에 위치하고 있으며, 고순도 석영 실리카(HPQ)를 생산하는 것을 목표로 하고 있습니다.
1670헥타르 규모의 이 프로젝트는 2023년에 중국 고객에게 판매된 10톤의 대량 샘플을 기반으로, 정제 후 실리카 순도가 최대 99.98%에 달하는 것으로 나타났습니다. 이 지역은 최대 5미터 너비의 고순도 석영 광맥이 지표에 드러나 있습니다.
트로이는 초기에는 가공 공장이 필요 없이 원석 고순도 실리카를 판매하는 데 집중하며, 간단한 '폭파-퍼내기-적재' 생산 방식을 구현할 계획입니다. 이 회사는 채굴 라이센스 승인을 기다리며 2025년에 생산을 시작할 계획입니다. 현재 트로이는 초기 경제성 평가(PEA) 연구를 마무리하고, 자금을 확보하며, 구매 파트너와의 논의를 진행하고 있습니다.
Troy Minerals Inc. (TROYF) a soumis une demande de licence minière pour son Projet de Silice Tsagaan Zalaa en Mongolie par l'intermédiaire de sa filiale Grand Samsara Consulting. Le projet, situé à 200 kilomètres de la frontière entre la Mongolie et la Chine, vise à produire de la silice de quartz de haute pureté (HPQ).
Le projet de 1.670 hectares a démontré une pureté de silice allant jusqu'à 99,98 % après traitement, basé sur un échantillon en vrac de 10 tonnes vendu à un acheteur chinois en 2023. Le site présente d'énormes veines de quartz de haute pureté atteignant 5 mètres de large exposées à la surface.
Troy prévoit de mettre en œuvre une approche de production simple 'Blast-Scoop-Load', se concentrant initialement sur la vente de silice brute de haute pureté sans nécessiter d'usine de traitement. L'entreprise vise à commencer la production en 2025, sous réserve de l'approbation de la licence minière. Troy travaille actuellement à finaliser une étude d'Évaluation Économique Préliminaire (PEA), à sécuriser des financements et à faire avancer les discussions avec des partenaires d'achat.
Troy Minerals Inc. (TROYF) hat einen Antrag auf eine Bergbaulizenz für sein Tsagaan Zalaa Silica Projekt in der Mongolei über seine Tochtergesellschaft Grand Samsara Consulting eingereicht. Das Projekt, das 200 Kilometer von der Grenze zwischen Mongolei und China entfernt liegt, hat zum Ziel, hochreine Quarzsilikate (HPQ) zu produzieren.
Das 1.670 Hektar große Projekt hat eine Silikapurity von bis zu 99,98 % nach der Aufbereitung gezeigt, basierend auf einer 10-Tonnen-Bulkprobe, die 2023 an einen chinesischen Abnehmer verkauft wurde. Der Standort weist massive hochreine Quarzadern mit einer Breite von bis zu 5 Metern auf, die an der Oberfläche freigelegt sind.
Troy plant die Umsetzung eines einfachen Produktionsansatzes 'Blast-Scoop-Load', wobei zunächst der Fokus auf dem Verkauf von roher hochreiner Silica liegt, ohne dass ein Verarbeitungswerk erforderlich ist. Das Unternehmen strebt an, die Produktion im Jahr 2025 zu beginnen, vorbehaltlich der Genehmigung der Bergbaulizenz. Troy arbeitet derzeit daran, eine vorläufige Wirtschaftlichkeitsanalyse (PEA) abzuschließen, Finanzierungen zu sichern und die Gespräche mit Abnehmerpartnern voranzutreiben.
- Strategic location 200km from Mongolia-China border with established infrastructure
- High-quality resource with 99.98% silica purity demonstrated through bulk sampling
- Simple production process planned with no initial processing plant required
- Potential near-term production and cash flow generation targeted for 2025
- Production decision being made before completing feasibility study
- Mining license approval still pending
- Financing not yet secured
VANCOUVER, BC / ACCESS Newswire / February 12, 2025 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the submission via its subsidiary company Grand Samsara Consulting LLC ("Grand Samsara") of its mining license application to the Ministry of Industry and Mineral Resources of Mongolia for the Tsagaan Zalaa Silica Project ("Tsagaan Zalaa" or the "Project"). This key milestone underscores the Company's commitment to advancing the project towards production and transforming Troy into a cash-flowing entity.
Located in southern Mongolia, 200 kilometres from the Mongolia-China border, the Tsagaan Zalaa Silica Project is strategically positioned to serve the growing regional and global demand for high-purity quartz silica ("HPQ"). The submission of the mining license application represents a critical step in unlocking the project's potential and advancing Troy's broader strategy of establishing itself as a key player in the HPQ market.
Yannis Tsitos, President of Troy Minerals, commented, "Submitting the mining license application for Tsagaan Zalaa to the Mongolian authorities is a significant achievement for Troy and its subsidiaries. This milestone reflects our relentless focus on progressing our two main silica projects, Tsagaan Zalaa in Mongolia and Table Mountain in British Columbia, and sets the stage for the Company's main objective: to transform itself into a potential producer with cash flow generation serving both Central-East Asia and North America. We are confident that Tsagaan Zalaa will deliver long-term value for our shareholders and position Troy as an important new entrant in this critical mineral sector."
Strategic Importance of Tsagaan Zalaa:
Favorable Location: Proximity to some of the most established and "hungry" silica markets and off-takers, in addition, established road and rail infrastructure provide a strategic advantage (see Figure 1). The 1,670-hectare (4,127-acre) Project is located near a Japanese high-purity quartz quarry and refiner producing and directly exporting HPQ to Japan. (1)
High-Quality Resource: Previous bulk sample analysis (a 10-tonne bulk sample was sold to a Chinese off-taker in 2023) demonstrated silica purity of up to
99.98% after beneficiation, underscoring the project's viability for industrial and technological applications. Massive high-purity quartz veins upto 5 metres in width hosted by Upper-Middle Devonian sediments are exposed on surface over the Project (see Figure 2). (1)Simplicity in Production & Sustainable Growth: Selling raw high-purity silica is the initial target of the company; simplicity in the surficial quarrying/mining process and no need for a processing plant at this first phase, make the "Blast-Scoop-Load" motto Troy's flag at Tsagaan Zalaa. The project's development aligns with Troy's commitment to sustainable mining practices, support of the local communities in Southern Mongolia and ultimately delivering growth value to Troy's shareholders.
Figure 1. Location of the Tsagaan Zalaa Silica Project in South Mongolia.
Figure 2. Tsagaan Zalaa Silica Project with Regional Geology on Satellite Photo
Next Steps
With the mining license application submitted, Troy will focus on finalizing a Preliminary Economic Assessment (PEA) study, securing financing, and advancing discussions with offtake partners. Subject to the approval of the Company's Mining License Application in coming months by the Mongolian authorities, Troy remains on track to target initiation of production at Tsagaan Zalaa in 2025, and cash flow generation from HPQ sales.
Any production decision in advance of obtaining a feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure.
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.
References
TROY News Release Dated June 10, 2024: "Troy Minerals Enters Into Binding Letter of Intent to Acquire CBGB Ventures Corp." https://finance.yahoo.com/news/troy-minerals-enters-binding-letter-150500217.html
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", "production" 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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