Troy Minerals Re-Establishes Drill Camp at Tsagaan Zalaa Silica Project
Troy Minerals Re-Establishes Drill Camp at Tsagaan Zalaa Silica Project
Preparing for Final Phase of Drilling to Unlock High-Purity Silica Asset
October 23, 2024 – Vancouver, B.C. – 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 potenYal of this high-purity silica asset.
The re-establishment of the drill camp enables Troy to move forward with the final round of
drilling, targeYng 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 esYmates and advance the project
toward a comprehensive mine plan. This step brings Troy closer to submi‘ng a mining license
applicaYon before the end of 2024, laying the foundaYon for future producYon 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 operaYonal, we are well-posiYoned to complete the final
phase of drilling and conYnue progressing toward producYon. The strategic locaYon of this
high-purity silica project, combined with the rising demand from green energy sectors, gives
us confidence in its long-term potenYal. We are focused on execuYng our development plans
swicly and efficiently to maximize shareholder value."
With the recommencement of full -scale field operaYons, Troy remains commieed to
advancing the Tsagaan Zalaa Silica Project, aiming to establish itself as a leader in the high-
purity silica market. The Company’s ongoing exploraYon and drilling efforts co nYnue to
demonstrate the project's potenYal to serve a growing market in the transiYon to green energy
technologies.
ON BEHALF OF THE BOARD
Rana Vig | President & CEO
604-218-4766
Forward-Looking Statements
Statement Regarding Forward-Looking Informa5on: 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, iden5fied by the words "expects", "plans",
"an5cipates", "believes", "intends", "es5mates", "projects", "poten5al" and similar expressions, or that
events or condi5ons "will", "would", "may", "could" or "should" occur. Although the Company believes
the expecta5ons expressed in such forward-looking statements are based on reasonable assump5ons,
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 exploita5on of minerals deposits,
vola5lity of commodity prices, and con5nued availability of capital and financing, permiMng and other
approvals, and general economic, market or business condi5ons. Investors are cau5oned 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, es5mates and opinions of the Company's management on the date the
statements are made. Except as required by applicable securi5es laws, the Company undertakes no
obliga5on to update these forward-looking statements in the event that management's beliefs,
es5mates or opinions, or other factors, should change.
The Canadian Securi.es Exchange has not reviewed this press release and does not accept
responsibility for the adequacy or accuracy of this news release.