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Troy Minerals (CSE:TROY) has provided an update on the airborne geophysical survey at its Lake Owen Project in Wyoming, USA. The 1,424-hectare project, located 50 km southwest of Laramie, is being explored for titanomagnetite-hosted mineralization with potential for vanadium, titanium, PGE, and other critical minerals.

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 the survey data, which covers 16,400 line-km flown at 200m intervals, with the Lake Owen Complex subset infilled at 100m line separation.

Recent drilling results from February 2025 confirmed high concentrations of vanadium pentoxide and titanium dioxide, along with the discovery of scandium, enhancing the project's critical mineral profile.

Positive

• Project is supported by USGS Earth MRI initiative, reducing exploration costs
• Recent 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 available with good coverage of the property

Negative

• High nominal altitude of survey (80m average) may affect data resolution
• Minimal radiometric response from the mafic complex limits certain mapping capabilities

Insights

Mining Exploration Analyst

Troy Minerals reports positive geophysical survey progress at Lake Owen, confirming critical minerals potential with high-grade vanadium, titanium, and scandium discovery.

Troy Minerals has shared an encouraging update on their Lake Owen Project in Wyoming, where they're interpreting high-resolution airborne geophysical survey data collected by the USGS. The 1,424-hectare property is showing significant potential for critical minerals, particularly titanium, vanadium, and PGEs.

The company's recent maiden drilling results (announced February 2025) have confirmed high concentrations of vanadium pentoxide (V₂O₅) and titanium dioxide (TiO₂). Notably, they've also discovered scandium, a rare earth element metal that substantially enhances the project's value proposition. These findings position Lake Owen as a potentially important domestic source of critical minerals.

The USGS involvement through their Earth MRI initiative is particularly significant. This federal backing not only provides Troy with valuable geophysical data at reduced cost but also signals the strategic importance of the project within the US critical minerals landscape. The company has engaged Geophysics One to process and interpret this data, focusing on mapping magnetite-rich zones where mineralization is concentrated.

The geophysical survey reveals remarkably consistent rhythmic magnetic layers extending 10+ kilometers, covering the entire Lake Owen property. These magnetic signatures are crucial for identifying zones with increased magnetite content, which correlate with mineralization potential. While the radiometric response is minimal, the company will analyze interesting anomalies for exploration targeting.

This methodical approach to exploration, combining government-supported geophysical data with targeted analysis, demonstrates a well-structured exploration program that efficiently identifies the most promising drill targets. The next catalyst will be the detailed interpretation results from Geophysics One, which should further refine the exploration model.

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 100% owned Lake Owen Project (the "Project"), which is located 50 km southwest of Laramie, Wyoming, USA (see Figure 1, 2).

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 28^th, 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 (2^nd 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.

View the original press release on ACCESS Newswire

FAQ

What are the main minerals being explored at Troy Minerals' Lake Owen Project?

The Lake Owen Project is being explored for titanomagnetite-hosted mineralization, with potential for vanadium, titanium, Platinum Group Elements (PGE), and other critical minerals.

What were the key findings from Troy Minerals' February 2025 drilling results?

The maiden drilling results confirmed high concentrations of vanadium pentoxide (V₂O₅) and titanium dioxide (TiO₂), along with the discovery of scandium, a rare earth element metal.

How large is the Lake Owen Project and where is it located?

The Lake Owen Project covers 1,424 hectares and is located 50 km southwest of Laramie, Wyoming, USA.

What is the significance of the USGS Earth MRI initiative for Troy Minerals?

The USGS Earth MRI initiative provides key geoscientific data and helps reduce exploration costs, highlighting the project's strategic importance within the US critical minerals landscape.

What are the specifications of the airborne geophysical survey at Lake Owen?

The survey covered 16,400 line-km, flown at 200m intervals with the Lake Owen Complex subset infilled at 100m line separation. The nominal altitude was 80m, averaging 107.4m within the property.