Troy Minerals Reports Ongoing Geophysical Studies at the Lake Owen Project, Wyoming
Troy Minerals (OTCQB: TROYF) has provided an update on the geophysical survey analysis at its Lake Owen Project in Wyoming. The 1,424-hectare project, located 50 km southwest of Laramie, is being explored for titanomagnetite-hosted mineralization. Recent maiden drilling confirmed high concentrations of vanadium pentoxide and titanium dioxide, along with scandium discovery.
The project is supported by the USGS Earth MRI initiative, which provided high-resolution airborne magnetic and radiometric survey data. Troy has engaged Geophysics One Inc. to process and interpret this data. The survey, conducted by EON Geosciences, covered 16,400 line-km with 100m line separation over the Lake Owen Complex in 2023. The data reveals consistent rhythmic magnetic layers extending 10 km or more laterally.
Troy Minerals (OTCQB: TROYF) ha fornito un aggiornamento sull'analisi della prospezione geofisica presso il suo progetto Lake Owen in Wyoming. Il progetto, che copre 1.424 ettari e si trova a 50 km a sud-ovest di Laramie, è oggetto di esplorazione per la mineralizzazione ospitata da titanomagnetite. Le recenti perforazioni iniziali hanno confermato elevate concentrazioni di pentossido di vanadio e diossido di titanio, insieme alla scoperta di scandio.
Il progetto è supportato dall'iniziativa USGS Earth MRI, che ha fornito dati di rilevamento magnetico e radiometrico aerea ad alta risoluzione. Troy ha incaricato Geophysics One Inc. di elaborare e interpretare questi dati. La prospezione, condotta da EON Geosciences, ha coperto 16.400 km di linee con una separazione di 100 m sulle linee nel complesso di Lake Owen nel 2023. I dati mostrano strati magnetici ritmici e costanti che si estendono lateralmente per 10 km o più.
Troy Minerals (OTCQB: TROYF) ha proporcionado una actualización sobre el análisis de la encuesta geofísica en su Proyecto Lake Owen en Wyoming. El proyecto, que abarca 1,424 hectáreas y se ubica a 50 km al suroeste de Laramie, está siendo explorado por mineralización alojada en titanomagnetita. Las recientes perforaciones iniciales confirmaron altas concentraciones de pentóxido de vanadio y dióxido de titanio, junto con el descubrimiento de escandio.
El proyecto cuenta con el apoyo de la iniciativa USGS Earth MRI, que proporcionó datos de encuestas aéreas magnéticas y radiométricas de alta resolución. Troy contrató a Geophysics One Inc. para procesar e interpretar estos datos. La encuesta, realizada por EON Geosciences, cubrió 16,400 km de líneas con una separación de 100 m entre ellas sobre el Complejo Lake Owen en 2023. Los datos revelan capas magnéticas rítmicas consistentes que se extienden lateralmente por 10 km o más.
Troy Minerals (OTCQB: TROYF)는 와이오밍에 위치한 Lake Owen 프로젝트의 지구물리학 조사 분석에 대한 업데이트를 제공했습니다. 1,424헥타르 규모의 이 프로젝트는 라라미에서 남서쪽으로 50km 떨어진 곳에 위치하며 티타노마그네타이트 함유 광물화를 탐사 중입니다. 최근 최초 시추 결과에서 고농도의 바나듐 펜톡사이드와 이산화 티타늄, 그리고 스칸듐이 발견되었습니다.
이 프로젝트는 USGS Earth MRI 이니셔티브의 지원을 받아 고해상도 항공 자기 및 방사능 탐사 데이터를 제공받았습니다. Troy는 이 데이터를 처리하고 해석하기 위해 Geophysics One Inc.를 고용했습니다. 2023년 EON Geosciences가 수행한 탐사는 Lake Owen 복합지구를 대상으로 100m 간격으로 16,400km에 걸쳐 이루어졌습니다. 데이터는 10km 이상 측면으로 연장되는 일관된 리드미컬 자기층을 보여줍니다.
Troy Minerals (OTCQB : TROYF) a fourni une mise à jour sur l'analyse de l'enquête géophysique de son projet Lake Owen dans le Wyoming. Le projet de 1 424 hectares, situé à 50 km au sud-ouest de Laramie, est exploré pour une minéralisation hébergée par titanomagnétite. Les premiers forages récents ont confirmé des concentrations élevées de pentoxyde de vanadium et de dioxyde de titane, ainsi que la découverte de scandium.
Le projet bénéficie de l'initiative USGS Earth MRI, qui a fourni des données d'enquêtes aériennes magnétiques et radiométriques à haute résolution. Troy a engagé Geophysics One Inc. pour traiter et interpréter ces données. L'enquête, réalisée par EON Geosciences, a couvert 16 400 km de lignes avec un espacement de 100 m sur le complexe Lake Owen en 2023. Les données révèlent des couches magnétiques rythmiques constantes s'étendant latéralement sur 10 km ou plus.
Troy Minerals (OTCQB: TROYF) hat ein Update zur geophysikalischen Untersuchungsanalyse seines Lake Owen Projekts in Wyoming bereitgestellt. Das 1.424 Hektar große Projekt, das 50 km südwestlich von Laramie liegt, wird auf titanomagnetithaltige Mineralisierung untersucht. Jüngste Erstbohrungen bestätigten hohe Konzentrationen von Vanadiumpentoxid und Titandioxid sowie die Entdeckung von Scandium.
Das Projekt wird von der USGS Earth MRI-Initiative unterstützt, die hochauflösende luftgestützte magnetische und radiometrische Vermessungsdaten bereitstellte. Troy hat Geophysics One Inc. mit der Verarbeitung und Interpretation dieser Daten beauftragt. Die von EON Geosciences durchgeführte Vermessung umfasste 16.400 Linienkilometer mit 100 m Linienabstand über dem Lake Owen Komplex im Jahr 2023. Die Daten zeigen konsistente rhythmische magnetische Schichten, die sich lateral über 10 km oder mehr erstrecken.
- Project is supported by USGS Earth MRI initiative, reducing exploration costs
- Recent maiden drilling confirmed high concentrations of vanadium pentoxide and titanium dioxide
- Discovery of scandium (REE metal) enhances project's critical mineral profile
- High-quality geophysical data reveals consistent magnetic layers extending 10+ km
- None.
VANCOUVER, BC / ACCESS Newswire / May 21, 2025 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to report on the processing and interpretation status of the airborne geophysical survey covering the
Covering 1,424 hectares, the project is an exploration asset in the Proterozoic Lake Owen complex, favorable for titanomagnetite-hosted mineralization. Historically explored for Platinum Group Elements (PGE), it shows strong potential for vanadium, titanium, PGE, and other critical minerals.
Figure 1. Lake Owen, Location Map, Wyoming, USA
Recent maiden drilling results by Troy (announced on February 28th, 2025) have confirmed the presence of high concentrations of vanadium pentoxide (V₂O₅) and titanium dioxide (TiO₂), along with the discovery of scandium (a REE metal), significantly enhancing the project's critical mineral profile.
Lake Owen is supported by the US Geological Survey (USGS)'s Earth MRI (Earth Mapping Resources Initiative), which is delivering key geoscientific data and helping reduce exploration costs. As part of this initiative, a high resolution airborne magnetic and radiometric survey has been flown by USGS covering Troy's Claims and the raw data have become available to the Company. This federal backing highlights the project's strategic importance within the US critical minerals landscape.
Troy has engaged Geophysics One Inc. of Ontario, Canada, to evaluate, process, model and interpret the magnetic and radiometric data in conjunction with any available in-house geoscience data provided by the Company.
Figure 2. Lake Owen Project, Troy's Claims on Topo Map
Key Aspects of the Airborne Geophysical Survey
The Lake Owen Project area was surveyed by EON Geosciences Inc. for the USGS, using an airborne total-field magnetic and radiometric method in 2021.
Most of the 16,400 line-km helicopter survey was flown at 200m intervals, with the Lake Owen Complex subset infilled at 100m line separation in 2023 (see Figure 3, 4).
Despite the 100m interval, the nominal altitude was high at 80m, averaging 107.4m within the property and ranging from 78m to 180m. Overall, the data quality is very good.
Emphasis is placed on mapping magnetite-rich zones from the high-resolution magnetic data due to the area's mineralization being concentrated within cumulus magnetite-rich layers. Work and interpretation will be completed with enhanced magnetic images and a 3D magnetic model of the data that reveal remarkably consistent rhythmic magnetic layers and extending 10 km or more laterally, including the entire length of the Lake Owen property.
High magnetization zones aid geological mapping and exploration of the Lake Owen property, particularly in areas with increased magnetite content and inferred structural zones.
The radiometric response from the mafic complex is minimal and will be used only for mapping purposes, such as identifying cover and defining the Lake Owen Complex' extents. However, a few interesting anomalies will be analyzed to provide context for exploration targeting.
Geophysics One, beyond general interpretation maps, will provide to Troy all magnetic and radiometric product maps, as well as 2D & 3D modelling in selected cases.
Figure 3.Map showing the 2023 flown high-resolution (100m line spacing) airborne survey (2nd Vertical Derivative magnetics) covering Troy's Lake Owen Project claims, on top of the 200m line spacing Medicine Bow Magnetic Survey (background data of Total Field magnetics)
The interpretation of the geophysical survey is in progress and the results of the Geophysics One studies once received will be reported and discussed in another news release in due course.
Figure 4. The 100m Line Spacing Magnetic Survey over the Lake Owen Complex (2VD)
Qualified Person
The information contained in this news release has been reviewed and approved by Ted Vander Wart, P.Geo., a consultant to the Company, who is a qualified person as defined under National Instrument 43-101.
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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