(TheNewswire)
October 23, 2024 Vancouver, B.C. TheNewswire Troy Minerals Inc. (‘Troy’ or the ‘Company’) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce the re-establishment of its drill camp at the Tsagaan Zalaa Silica Project in Mongolia. This milestone marks a key step in preparing for the final phase of the Company’s 2024 drilling program, as Troy accelerates its efforts to unlock the potential of this high-purity silica asset.
The re-establishment of the drill camp enables Troy to move forward with the final round of drilling, targeting the project’s high-grade quartz veins, which reach widths of up to 10 meters.
The final phase of the drilling program is expected to conclude before the end of November 2024, enabling the Company to establish its resource estimates and advance the project toward a comprehensive mine plan. This step brings Troy closer to submitting a mining license application before the end of 2024, laying the foundation for future production and long-term growth.
Rana Vig, President & CEO of Troy Minerals, commented:
‘Re-establishing the drill camp at Tsagaan Zalaa marks another significant step in advancing this project. With the camp fully operational, we are well-positioned to complete the final phase of drilling and continue progressing toward production. The strategic location of this high-purity silica project, combined with the rising demand from green energy sectors, gives us confidence in its long-term potential. We are focused on executing our development plans swiftly and efficiently to maximize shareholder value.’
With the recommencement of full-scale field operations, Troy remains committed to advancing the Tsagaan Zalaa Silica Project, aiming to establish itself as a leader in the high-purity silica market. The Company’s ongoing exploration and drilling efforts continue to demonstrate the project’s potential to serve a growing market in the transition to green energy technologies.
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.
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