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Airborne Mag and Radiometric Program Begins on Troy Minerals Lake Owen Project
VANCOUVER, BC / ACCESSWIRE / August 30, 2023 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF) is pleased to announce that the USGS (United
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[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / August 30, 2023 / Troy Minerals Inc. (\"Troy\" or the \"Company\") (CSE:TROY)(OTCQB:TROYF) is pleased to announce that the USGS (United States Geologic Survey) has begun flying an airborne magnetics and radiometric survey in Wyoming which includes the company's Lake Owen Project in Wyoming, USA located approximately 50km southwest of Laramie, Wyoming. The Lake Owen Project is a Proterozoic layered mafic intrusion complex with a long history of exploration for platinum group elements. Similar in style to the Stillwater Complex and the Merensky Reef of South Africa, the Lake Owen Complex also holds world class potential for vanadium and titanium resources. The US government has identified the Lake Owen Complex as a potential source of strategic metals including vanadium, titanium, PGE and copper and nickel sulfides and has budgeted an airborne program (Earth MRI:) to better understand its geologic setting and mineralized potential. In a joint effort with the Wyoming Geologic survey, the USGS will fly the entire area of the Lake Owen Complex and include 100-meter line spacing over the company's Lake Owen Project. In conjunction with the Wyoming Geologic Survey, the USGS will have field crews on the property with a mandate that will include mapping, local gravity measurements, bedrock sampling and petrographic analysis. \"Coupled with our 2023 planned field work, this USGS program will be a big boost to our exploration and targeting strategy for follow up drilling\" said Bill Cronk, Senior Geologic Advisor for Troy Minerals. \"It's very encouraging that the vast potential we saw in this project from the beginning as a source of critical minerals for North America, is shared by the United States government's critical minerals strategy. We are excited to work together with both the USGS and the Wyoming Geologic survey to bring our common goals to fruition,\" he added. Depending upon weather, the USGS plans to finish the program by the end of this year. QUALIFIED PERSON The technical information contained in this news release has been reviewed and approved by William Cronk, BSc, P.Geo., who is a qualified person as defined under National Instrument 43-101. ON BEHALFOF THE BOARD, Rana Vig | President and Director Telephone: 604-218-4766Email: [email protected] About Troy Minerals Inc. Troy Minerals is a mine...