Troy Minerals Submits Drilling Permit Application for Table Mountain Silica Project British Columbia
Troy Minerals Submits Drilling Permit Applica8on for
Table Mountain Silica Project, Bri8sh Columbia
Vancouver, B.C. – December 11, 2024: Troy Minerals Inc. ("Troy" or the "Company") (CSE:
TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce the submission of a drilling permit
applicaJon for the Table Mountain Silica Project in BriJsh Columbia. This key milestone
supports Troy's strategic plan to evolve from an exploraJon-focused company into a revenue-
generaJng mining operaJon, with producJon anJcipated in the near term.
The permit applicaJon details a comprehensive drilling program, requesJng approval for a
program involving up to 34 drill holes in 2025, totaling approximately 1,700 meters of drilling
in the first year, and an addiJonal 20 holes planned in subsequent years, bringing the total to
approximately 2,700 meters over the proposed five-year period, with provisions for addiJonal
exploraJon acJviJes as needed. This phased approach enables Troy to methodically advance
the Table Mountain project, ensuring alignment with both operaJonal goals and market
demand.
Strategic Advancement Towards ProducBon
The submission of this permit applicaJon underscores Troy's commitment to expediJng the
development of the Table Mountain Silica Project. The planned drilling program is designed to
delineate high-purity silica resources, providing criJcal data to support the transiJon into the
producJon phase.
Yannis Tsitos, President of Troy Minerals, commented: "Submi\ng our drilling permit
applicaJon for Table Mountain is a pivotal step in our aggressive strategy to evolve into a cash-
flow-producing company. This iniJaJve not only advances our BriJsh Columbia asset but also
complements our broader por^olio, including the Tsagaan Zalaa Silica Project in Mongolia, as
we aim to establish a significant strategic presence in the high-purity silica market in both
North American and Asian jurisdicJons."
Project Highlights and Next Steps:
• Phased Drilling Program: AuthorizaJon for up to 34 drill holes in 2025, focusing on
priority targets to define the silica resource, with flexibility for addiJonal drilling in
subsequent years.
• ProducBon Timeline: Drilling acJviJes are integral to Troy's goal of iniJaJng
producJon at Table Mountain in the near term, contribuJng to the Company's
transiJon into a revenue-generaJng phase.
• Strategic PosiBoning: The project's proximity to key transportaJon and infrastructure
hubs facilitates access to major markets, aligning with Troy's objecJve to become a
leading supplier of high-purity silica.
Qualified Person
Technical informaJon in this news release has been reviewed and approved by Case Lewis,
P. G e o . , a " Q u a l i fi e d P e r s o n " a s d e fi n e d u n d e r N I 4 3-101 Standards of Disclosure for Mineral
Projects and a director of the Table Mountain Project vendor .
About Troy Minerals
Troy Minerals is a Canadian based publicly listed mining company focused on building
shareholder value through acquisiJon, exploraJon, and development of strategically located
"criJcal" 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 commodiJes, in both North America and Central-East Asia. The Company's primary
objecJve is the near-term prospect of producJon with a vision of becoming a cash-flowing
mining company to ulJmately deliver tangible monetary value to shareholders, state, and local
communiJes.
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.