Troy Minerals Strategically Expands its Lake Owen Project in Wyoming by 100%
Troy Minerals Strategically Expands
its Lake Owen Project in Wyoming by 100%
Vancouver, B.C. – February 20, 2025 - Troy Minerals Inc. ("Troy" or the "Company") (CSE: TROY;
OTCQB: TROYF; FSE: VJ3) is pleased to announce the strategic expansion of its Lake Owen
Project, located 50km southwest of Laramie, Wyoming, USA (the “Property”) by adding a
significant number of neighboring claims. The new Claims staking process followed the
conclusion of the Company’s first phase geological program that took place in H2 2024. The
explora^on program consisted of first pass geological mapping, diamond drilling and sampling.
Results of this program will be reported in due course.
"Our Lake Owen Project compliments our overall por‘olio of strategic explora^on assets in
Canada, USA and Mongolia." stated Yannis Tsitos, President of Troy Minerals. " The addi^on of
85 claims on our Wyoming holdings, now brings our total number of claims to 185 and was
made to increase the amount of poten^ally fer^le magne^te-rich gabbro in the Property. Our
near-term goals are to explore the layered mafic intrusion for vanadium and ^tanium
mineraliza^on, which also includes ‘reef’ style PGE (Pla^num Group Elements) mineraliza^on
as noted by historic work and drilling on the Property by Chevron and, the poten^al for basal
massive Cu and Ni sulfide mineraliza^on along the Proterozoic- contact."
The Lake Owen Project has effec^vely been doubled and now comprises 1433 hectares from
714 hectares before the new staking. The newly acquired claims are accessible through
exis^ng infrastructure and cover strategic land adjacent to the exis^ng Lake Owen claims (see
Figure 1 below)
Figure 1. Lake Owen Project Expanded Claims
The Lake Owen Project, is a Proterozoic layered mafic intrusion complex with a long history of
sporadic exploration primarily for Platinum Group Elements. Similar in style to the Stillwater
Complex in USA and the Merensky Reef of South Africa, the Lake Owen Complex is a highly
prospective North American based target with a strong potential for significant vanadium,
titanium, PGE and associated metals mineralization.
The Lake Owen Complex is the focus of the US government’s critical minerals strategy
resulting in a recently completed high resolution airborne Magnetic and Radiometric
geophysical survey over the complex, which also covers the Company’s property, and included
‘boots on the outcrop’ mapping and sampling by the United States Geological Survey
(“USGS”). Geologists from the USGS and Wyoming Geologic Survey (“WGS”) recently visited
the Property with Troy’s Chief Geologist Bill Cronk. Their goals were to review the recently
drilled core, log it themselves and select samples for petrologic studies including thin section
analysis.
Qualified Person
The scien^fic and technical disclosure in this news release was approved by Ted VanderWart,
P. G e o, a Qualified Person as defined in NI 43-101 and a consultant to the Company.
About Troy Minerals
Troy Minerals is a Canadian based publicly listed mining company focused on building
shareholder value through acquisi^on, explora^on, and development of strategically located
"cri^cal" 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 commodi^es, in both North America and Central-East Asia. The Company's primary
objec^ve is the near-term prospect of produc^on with a vision of becoming a cash-flowing
mining company to ul^mately deliver tangible monetary value to shareholders, state, and local
communi^es.
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.