Troy Minerals Reports Drilling Results from the Lake Owen Project, Wyoming. Show 240.73 meters of Critical Metal Mineralization, Iron, Titanium, Vanadium, Scandium and Gallium
Troy Minerals Reports Drilling Results from the Lake Owen Project,
Wyoming.
Show 240.73 meters of Critical Metal Mineralization,
Iron, Titanium, Vanadium, Scandium and Gallium.
Vancouver, B.C. – June 4, 2025 - Troy Minerals Inc. ("Troy" or the "Company") (CSE: TROY;
OTCQB: TROYF; FSE: VJ3) is pleased to announce that complete results from Hole LO24-01 show
strong critical metal mineralization over continuous 240.73 meters (from 10.67 meters to 251.40
meters) from its maiden drilling program on its 100% owned Lake Owen Project (the “Project”),
located 50 km southwest of Laramie, Wyoming, USA (see Figures 1,2).
The Project is a Proterozoic layered mafic intrusion complex historically explored for Platinum
Group Elements (PGE). Similar to the Stillwater Complex in the USA and the Merensky Reef of
South Africa, the Lake Owen Complex shows strong potential for vanadium, titanium, PGE, and
associated metals.
In late 2024, the Company drilled two diamond holes totaling 607.77 meters near the
southwestern claims’ boundary (see Figure 3), marking Troy Minerals' first drill holes on the
Project. These holes targeted titanium (TiO2) and vanadium (V2O5) mineralization linked with
magnetite in gabbro, as well as reef-style PGE mineralization (see Company News Release dated
February 28, 2025).
A first pass of selective sampling of the drill holes had been carried out and demonstrated
presence of anomalous titanium and vanadium mineralization. Elevated values of vanadium are
correlative with the titanium. Sampling was selected to assess various lithological units and all
zones with magnetite content up to 15-20% and/or visible sulfide mineralization. Magnetite
content in the gabbro in hole LO24-01 is consistently about 5-10%. In LO24-01, the initially
limited sampling suggested a large zone of titanium and vanadium-enrichment and higher
relative values correlate well with the green gabbro. Associated with these anomalous zones
have been elevated concentrations of scandium.
Based on these initial results, additional infill sampling through all prospective lithologies was
carried out by Company personnel in January, 2025. Results exhibit robust critical metal
mineralization over 240.73 meters in hole LO24-01, including:
• 1.53% TiO2
• 0.10% V2O3
• 16.0% Fe (total Iron, mainly in Fe Oxides)
• 69.7 ppm (or g/t) Sc2O3
• 26.2 ppm (or g/t) Ga2O3
Concurrent with Company infill sampling, g eologists from the USGS and W yoming State
Geological Survey (WSGS) collected samples for Whole Rock, Major Oxides, and thin section
analyses. Results of the USGS and WSGS work are pending.
Figure 1 - Location Map, Lake Owen Project, Wyoming, USA
Figure 2 - Claim Map, Lake Owen Project
“Our recent geological and geophysical findings, coupled with promising initial drilling results,
are significantly enhancing our confidence in the Lake Owen Project. Each new insight reinforces
our belief that this project deserves a robust exploration budget in the near future.” Said Yannis
Tsitos, President of Troy. “Beyond the historically recognized high grades of iron, titanium, and
vanadium, the recent discovery of scandium and gallium —critical metals essential for
applications in metal alloys, military and civil aviation, semiconductors, electric vehicles, and
solar panels—underscores the project's immense potential for both our Company and the State
of Wyoming in USA. We are committed to maximizing shareholder value through strategic
development plans for Lake Owen, alongside our silica and rare earth element (REE) initiatives.”
Figure 3 - Drill Hole Locations
Table 1: Drill hole specifications
Hole ID
Location (UTM Zone 13 North, NAD83) Total Depth
(m)
Orientation (°)
Easting Northing Elevation (m) Azimuth Dip
LO24-01 402871 4553588 2731 281.33 210 -45
LO24-02 403004 4553382 2732 326.44 210 -45
Drill hole LO24-01 was designed to test the extent of the Lower Mag Gabbro down to the
basement contact. Drilling revealed a series of interlayered magnetic gabbro and a distinctive
coarse-grained green gabbro. The green coloration is imparted by pyroxenes altering to chlorite.
These layers are generally constrained to widths of less than 4 metres.
Table 2: Drill hole LO24-01 intersections
Hole ID
Interval (m) 1 Results 2
From To Length TiO2 (%) V2O5 (%) FeO (%) Sc2O3
(ppm)
Ga2O3
(ppm)
LO24-01 10.67 251.40 240.73 1.53 0.10 15.95 69.7 26.2
incl 29.93 55.78 25.85 1.98 0.12 19.00 82.7 28.8
and 96.93 103.02 6.09 1.87 0.12 19.07 80.1 27.5
and 115.61 131.98 16.37 1.74 0.11 18.44 82.4 24.5
and 188.06 234.09 46.03 1.63 0.10 16.26 69.9 26.6
1: All intersections lengths are drill indicated thicknesses; insufficient work has been completed to reliably
determine true thicknesses.
2: Elemental geochemical analyses were converted to oxides using following conversion factors
Titanium – 1.6681, Vanadium – 1.7852, Iron – 1.2865, Scandium – 1.5338, Gallium – 1.3442
Figure 4 - DDH Cross Section, LO24-01
Drill hole LO24-02 intersected gabbroic units that are weakly magnetic and contain no
anomalous values of titanium, vanadium, or scandium. This drill hole was collared deeper in the
sequence than hole LO24-01; further down dip and stratigraphically lower in the Lower Mag
Unit.
Drill core was detail logged and sampled by Company staff. Core was split by saw with samples
sent to ALS Global’s laboratory in Reno, NV for preparation and analysis. Samples were analyzed
for multi-elements (ME-MS61). The Company’s quality control monitoring consisted of inserting
certified reference and blank material in the sample stream. No quality control issues were
identified.
Only a very small portion of the Lake Owen Complex and therefore our Claims has been drill-
tested to date. As currently mapped, the prospective Lower Mag Gabbro unit continues along
strike to the west. The Company has yet to drill test the stratigraphically higher Upper Mag
Gabbro. Surface mapping and sampling in 2023 identified two massive magnetite rock samples
that returned 8.812% TiO2 and 0.548% V2O5, and 15.505% TiO2 and 0.586% V2O5 respectively
(Figure 5). These represent priority drill targets for 2025. An historical drill hole was completed
here not by Troy, but there was no assessment of titanium, vanadium, or scandium.
Figure 5 – Surface Rock Sampling – Titanium Values (part of the Project)
Troy Minerals is planning its summer fieldwork for the Lake Owen Project. After analyzing
airborne geophysical data, as reported in the May 21, 2025 news release, Troy will collect soil
samples and conduct geological mapping and sampling. The aim is to refine drill targets for the
2026 season, including a relevant drilling pads application.
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 deliver tangible monetary value to shareholders, state, and local
communities.
ON BEHALF OF THE BOARD,
Rana Vig | CEO & Director
Telephone: 604-218-4766
Email: [email protected]
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.