Troy Minerals Completes Field Program at Table Mountain Silica Project
Rhea-AI Summary
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.
Positive
- Strategic location near existing infrastructure and rail yard
- Extensive property size of 1,698 hectares with 10km strike length
- Year-round accessibility to the project site
Negative
- None.
News Market Reaction
On the day this news was published, TROYF gained 5.96%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESSWIRE / October 28, 2024 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the completion of its initial exploration program at its Table Mountain Silica Project, located 4 kilometers east of Golden, B.C.
The Company has completed a comprehensive surface sampling program across the property's Mount Wilson Formation quartzite units, which are known to host high-purity silica mineralization. Multiple samples were collected across the property's extensive strike length, focusing on areas where previous sampling had indicated high-purity quartzite occurrences.
All samples have been securely packaged and are being submitted to ALS Laboratories in North Vancouver, B.C. for analysis. The samples will undergo comprehensive testing to determine silica (SiO2) content and other relevant constituents. Results from this program will help guide future exploration and development activities at the project.
"The completion of this sampling program represents an important step in advancing our Table Mountain Project," stated Rana Vig, President and CEO of Troy Minerals. "Given the project's strategic location near existing infrastructure and other silica mines, we are excited to receive the analytical results and further understand the potential of this highly prospective property."
The Table Mountain Silica Project consists of 1,698 hectares with excellent year-round access and proximity to the Canadian Pacific Railway Golden Rail Yard. The property hosts up to 10 kilometers of regionally mapped strike length of the Mount Wilson Formation, with apparent widths ranging from 300 to 1,400 metres at surface. (1)
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.
Sources
Troy News Release dated June 10, 2024: "Troy Minerals Enters into Binding Letter of Intent to Acquire CBGB Ventures Corp."
ON BEHALF OF THE BOARD
Rana Vig | President & CEO
604-218-4766
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 accesswire.com
FAQ
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