Troy Minerals Announces Maiden Inferred Resource Estimate for High-Purity Silica at Table Mountain Project, BC
Troy Minerals (OTCQB:TROYF) has announced a maiden Inferred Mineral Resource Estimate (MRE) for its 100%-owned Table Mountain Project in British Columbia, Canada. The initial resource estimate reveals 56,945,602 tonnes of high-purity silica at an average grade of 98.91% SiO₂, with analytical sampling results ranging from 95.82% to 99.82% SiO₂.
The resource estimate, prepared by Ray GeoConsulting Corporation in accordance with NI 43-101 standards, demonstrates significant potential as the deposit remains open along strike and at depth. The quartzite deposit has a bulk density of 2.766 t/m³ and is part of the Ordovician Mount Wilson Formation.
Troy Minerals has outlined its next steps, including the preparation of a detailed NI 43-101 Technical Report to be filed within 45 days, a Phase II exploration program aimed at resource expansion and category upgrades, and comprehensive metallurgical testing to confirm the silica's suitability for high-end industrial applications. The company plans to initiate scoping and economic studies following the metallurgical testing phase.
Troy Minerals (OTCQB:TROYF) ha annunciato una prima stima delle risorse minerarie inferite (MRE) per il suo progetto Table Mountain, di proprietà al 100%, situato nella Columbia Britannica, Canada. La stima iniziale evidenzia 56.945.602 tonnellate di silice ad alta purezza con una media del 98,91% di SiO₂, con risultati analitici che variano dal 95,82% al 99,82% di SiO₂.
La stima delle risorse, redatta da Ray GeoConsulting Corporation in conformità agli standard NI 43-101, mostra un potenziale significativo, poiché il giacimento rimane aperto sia in direzione orizzontale che in profondità. Il deposito di quarzite presenta una densità apparente di 2,766 t/m³ ed è parte della Formazione Mount Wilson dell'Ordoviciano.
Troy Minerals ha delineato i prossimi passi, che includono la preparazione di un dettagliato Rapporto Tecnico NI 43-101 da presentare entro 45 giorni, un programma di esplorazione di Fase II volto all'espansione delle risorse e all'aggiornamento delle categorie, oltre a test metallurgici completi per confermare l'idoneità della silice ad applicazioni industriali di alto livello. L'azienda prevede di avviare studi di fattibilità e analisi economiche dopo la fase di test metallurgici.
Troy Minerals (OTCQB:TROYF) ha anunciado una estimación inicial de Recursos Minerales Inferidos (MRE) para su proyecto Table Mountain, propiedad al 100%, ubicado en Columbia Británica, Canadá. La estimación inicial revela 56.945.602 toneladas de sílice de alta pureza con un grado promedio de 98,91% SiO₂, con resultados analíticos que oscilan entre 95,82% y 99,82% SiO₂.
La estimación de recursos, preparada por Ray GeoConsulting Corporation de acuerdo con los estándares NI 43-101, demuestra un potencial significativo ya que el depósito permanece abierto tanto en extensión como en profundidad. El depósito de cuarcita tiene una densidad aparente de 2,766 t/m³ y forma parte de la Formación Mount Wilson del Ordovícico.
Troy Minerals ha delineado sus próximos pasos, que incluyen la preparación de un detallado Informe Técnico NI 43-101 que se presentará en 45 días, un programa de exploración de Fase II orientado a la expansión de recursos y la mejora de categorías, así como pruebas metalúrgicas exhaustivas para confirmar la idoneidad de la sílice para aplicaciones industriales de alto nivel. La compañía planea iniciar estudios de alcance y económicos tras la fase de pruebas metalúrgicas.
Troy Minerals (OTCQB:TROYF)는 캐나다 브리티시컬럼비아에 위치한 100% 소유한 Table Mountain 프로젝트에 대한 최초 추정 추정 광물 자원량(MRE)을 발표했습니다. 초기 자원 추정 결과 평균 98.91% SiO₂의 고순도 실리카 56,945,602톤이 확인되었으며, 분석 샘플 결과는 95.82%에서 99.82% SiO₂ 사이입니다.
Ray GeoConsulting Corporation이 NI 43-101 기준에 따라 준비한 이 자원 추정은 광상이 연장 방향과 깊이 방향으로 개방되어 있어 상당한 잠재력을 보여줍니다. 이 석영암 광상은 부피 밀도 2.766 t/m³이며, 오르도비스기 Mount Wilson 층에 속합니다.
Troy Minerals는 향후 계획으로 45일 이내에 제출할 상세 NI 43-101 기술 보고서 준비, 자원 확장 및 등급 상향을 목표로 하는 2단계 탐사 프로그램, 고급 산업용 적합성을 확인하기 위한 종합적인 야금학 테스트를 포함하고 있습니다. 회사는 야금학 테스트 단계 이후 타당성 및 경제성 연구를 시작할 계획입니다.
Troy Minerals (OTCQB:TROYF) a annoncé une première estimation des ressources minérales inférées (MRE) pour son projet Table Mountain détenu à 100% en Colombie-Britannique, Canada. L'estimation initiale révèle 56 945 602 tonnes de silice de haute pureté avec une teneur moyenne de 98,91 % de SiO₂, avec des résultats d'analyses allant de 95,82 % à 99,82 % de SiO₂.
L'estimation des ressources, réalisée par Ray GeoConsulting Corporation conformément aux normes NI 43-101, démontre un potentiel significatif puisque le gisement reste ouvert en extension et en profondeur. Le dépôt de quartzite présente une densité apparente de 2,766 t/m³ et fait partie de la Formation Mount Wilson de l'Ordovicien.
Troy Minerals a défini ses prochaines étapes, incluant la préparation d'un rapport technique détaillé NI 43-101 à déposer dans les 45 jours, un programme d'exploration de phase II visant à étendre les ressources et améliorer les catégories, ainsi que des tests métallurgiques complets pour confirmer l'aptitude de la silice aux applications industrielles haut de gamme. La société prévoit de lancer des études de faisabilité et économiques après la phase de tests métallurgiques.
Troy Minerals (OTCQB:TROYF) hat eine erste Schätzung der abgeleiteten Mineralressourcen (MRE) für sein zu 100 % im Besitz befindliches Table Mountain Projekt in British Columbia, Kanada, bekannt gegeben. Die erste Ressourcenschätzung zeigt 56.945.602 Tonnen hochreinen Siliziums mit einem durchschnittlichen Gehalt von 98,91 % SiO₂, wobei die analytischen Probenwerte zwischen 95,82 % und 99,82 % SiO₂ liegen.
Die Ressourcenschätzung, erstellt von Ray GeoConsulting Corporation gemäß den NI 43-101 Standards, zeigt erhebliches Potenzial, da das Vorkommen entlang der Streichrichtung und in der Tiefe offen bleibt. Das Quarzitvorkommen hat eine Rohdichte von 2,766 t/m³ und gehört zur ordovizischen Mount Wilson Formation.
Troy Minerals hat die nächsten Schritte skizziert, darunter die Erstellung eines detaillierten NI 43-101 Technischen Berichts, der innerhalb von 45 Tagen eingereicht wird, ein Phase-II-Erkundungsprogramm zur Erweiterung der Ressourcen und zur Aufwertung der Kategorien sowie umfassende metallurgische Tests, um die Eignung des Siliziums für hochwertige industrielle Anwendungen zu bestätigen. Das Unternehmen plant, nach der metallurgischen Testphase Machbarkeits- und Wirtschaftlichkeitsstudien einzuleiten.
- None.
- Resource currently classified only in Inferred category
- Economic viability not yet demonstrated
- Metallurgical testing and economic studies still pending
VANCOUVER, BC / ACCESS Newswire / June 30, 2025 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the completion of an initial Inferred Mineral Resource Estimate ("MRE") for high-purity silica at its
Key Highlights:
Inferred Mineral Resource of 56,945,602 tonnes Inferred at an average grade of
98.91% SiO₂, with very low levels of impurities. Overall analytical sampling results range from95.82% to99.82% SiO₂.The resource remains open along strike and at depth. Future exploration is expected to further expand the resource base and upgrade portions of the MRE to higher confidence categories.
This maiden MRE, prepared in accordance with NI 43-101 standards, consists of an Inferred Resource of 56,945,602 tonnes of quartzite grading an average of
"This maiden resource estimate at Table Mountain marks a major milestone for Troy Minerals," stated Yannis Tsitos, President of Troy Minerals. "We are extremely encouraged by the size and quality of this maiden high-purity silica resource, which validates the strategic value of the project. As global demand for high-purity silica continues to grow, establishing a solid resource base is a critical step toward developing Table Mountain into a future production center. We believe this achievement paves the way for the next phase of growth for Troy, and we will continue to advance the project aggressively to unlock its full potential."
Initial MRE Overview
The initial MRE (Table 1) was prepared by Ray GeoConsulting Corporation ("RGC") in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards and Canadian National Instrument 43-101 ("NI 43-101"). RGC is independent of Troy Minerals Inc.
The following is the current Mineral Resource Estimate as at June 27, 2025 (the "Effective Date").
Table 1. Mineral Resource Estimate (MRE) Summary
Zone | Category | Tonnage (t) | Grade (% SiO₂) |
Table Mountain | Inferred | 56,945,602 | 98.91 |
Notes:
CIM (2014) definitions were followed for Mineral Resources.
Bulk density within the quartzite unit is 2.766 t/m³.
No recovery, dilution, or other similar mining parameters have been applied. No cutoff grade has been applied.
Brian Ray, P.Geo. of RGC, an independent Qualified Person who prepared the initial MRE is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the Mineral Resource estimate.
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and there is no certainty that the Company will be able to convert inferred mineral resources to higher confidence categories, however it is reasonably expected that the majority of the Inferred Mineral Resource could potentially be upgraded to an Indicated Mineral Resource with continued exploration.
A Technical Report is being prepared to support this resource estimate in accordance with National Instrument 43-101 ("NI 43-101"), and will be available on the Company's website and SEDAR within 45 days of the date of this news release.
Following the completion of this encouraging maiden resource, Troy Minerals is moving swiftly to advance the Table Mountain Project toward development. The Inferred Resource will be incorporated into a forthcoming NI 43-101 Technical Report, and the Company is outlining further work to maximize the project's value.
Next Steps
NI 43-101 Technical Report: Troy is preparing a detailed Technical Report in accordance with NI 43-101 guidelines to support the new resource estimate. The report - including methodologies, data, and modeling parameters - will be filed on SEDAR within the required 45-day period, providing full disclosure of the resource modeling and assumptions.
Phase II Exploration Program: Planning is underway for a follow-up sampling campaign as well as a drilling campaign aimed at expanding the resource and upgrading a portion of the Inferred resource to Measured and Indicated categories. The programs will test the continuity of high-grade silica mineralization beyond the currently established zones and at depth, where the deposit remains open.
Metallurgical Testing & Economic Studies: The Company will initiate comprehensive metallurgical testing (including purity analyses and process trials on bulk samples) to confirm that the Table Mountain silica meets specifications for high-end industrial uses. Subsequent to metallurgical testing, Troy intents to initiate scoping, economic studies.
About the Table Mountain Project
The Table Mountain Silica Project is located approximately 4 kilometres east of Golden, B.C., Canada, with excellent year-round road access and proximity to the Canadian Pacific Railway's Golden rail yard (Figure 2). The property covers roughly 2,304 hectares, encompassing up to 10 kilometres of regionally mapped strike length of the Mount Wilson Formation quartzite, with widths ranging from 300 to 1,400 metres at surface. Table Mountain is strategically situated near two established high-purity silica operations - the Moberly Silica Mine and the Sinova Quartz Quarry - both of which demonstrate silica purity greater than
Qualified Person
Technical information in this news release has been reviewed and approved by Brian Ray, P.Geo., who is independent of Troy and a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects.
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), scandium, 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 deliver tangible monetary value to shareholders, state, and local communities.
ON BEHALF OF THE BOARD,
Rana Vig | President and 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
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