Troy Minerals Provides Update On Advancing Its Green Gold Property
TROY MINERALS PROVIDES UPDATE
ON ADVANCING ITS GREEN GOLD PROPERTY
October 17, 2022– Vancouver, British Columbia – Troy Minerals Inc. (the “Company”)
(CSE: TROY) is pleased to provide an update on its Green Gold Property that has an aggregate
area of 7,587 hectares located in central British Columbia in the Cariboo Mining Division,
approximately 34 kilometers (km) southwest of the city of Prince George.
Provincial Highway 16, power, a natural gas line and CN rail are located near the north end of the
property. Interior logging roads and clear cuts support easy access to all of the claims (Figure 1).
Figure 1
Work recently completed on the Company’s 2022 Phase One program included 466 soil samples
and 120 meters of winkie drilling. The soils collected were in zones adjacent to areas that have
previously been sampled in the past and offered potential for extending existing soil anomalies -
Figure 2 and 3.
Winkie drilling was used as a quick method of determining underlying bedrock lithologies in areas
highlighted as conductors from previous ground and airborne geophysics which was prioritized by
New Gold Inc. for follow up in 2020.
As the Company has a five-year Multi Year Area Based (MYAB) permit in place with drill targets
defined based on airborne and ground-based conductors, Mag anomalies and coincident soil
anomalies, the 2022 work program is focused on gathering more information to prioritize diamond
drill targets for the 2023 exploration season.
Figure 2
Nickel values from historic conventional soils
Figure 3
Gold Values from New Gold Enzyme Leach soils
Historic work on the claims by previous owners, including New Gold Inc., includes 295 km of
airborne Mag, EM and Radiometrics, and 47-line km of ground MAG and 3D IP. Over 2700 soil
samples collected (1470 conventional soils by Rupert Seel 2007-2010 and 1260 enzyme leach
samples by New Gold Inc., 2017-2020) and 388 meters of diamond drilling in 2014 by 0902744
BC Ltd.
Figure 4
Green Gold Project showing conductor targets, first phase winkie drilling and soils collected in 2022
The Green Gold Property sits astride NW trending Pinchi Fault which separates the early Mesozoic
Takla Group to the east from the late Paleozoic Cache Creek Group to the west and regionally
hosts multiple developed targets and mines (current and past producing) Figure 5. Targets are
intrusive related (Narrow white quartz veins and black quartz in intensely altered feldspar
porphyry) and serpentinized quartz-carbonate-mariposite altered ultramafics (listwanite). Potential
for skarn mineralization to the west in limestones.
“The Green Gold Property offers Troy Minerals a very attractive target for both gold and base
metal discovery” said William Cronk, director of Troy Minerals. “The property sits astride the
productive Pinchi Fault and shows historical anomalies in soils and compiled geophysics that have
not been explored to definition. This is a drive -to property located near well -developed
infrastructure and property wide ease of access which offers efficient methods for exploration,” he
added.
Figure 5
The scientific and technical disclosure in this news release was approved by William Cronk,
P. Geo, a Qualified Person as defined in NI 43-101.
Rana Vig | President and Director
Telephone: 604-218-4766
About Troy Minerals Inc.
Troy Minerals is a mineral exploration company focused on the acquisition, exploration and
development of mineral properties. The company currently has the right to acquire 100% interest
in the Green Gold Project comprised of twelve (12) mineral claims with an aggregate area of 7,587
hectares located in central British Columbia in the Cariboo Mining Division, approximately 34
kilometers (km) southwest of the city of Prince George. The company also owns the Ticktock
Property located within the prolific Golden Triangle region of British Columbia, Canada. The
1065-hectare property, which lies 23km northwest of the historic Eskay Creek Mine, sits between
the Enduro Metals Newmont Lake property and the Aben Resources Forrest-Kerr property.
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 Minerals 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 gold and other 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.