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Troy Minerals' Drill Program Underway at Lake Owen Project
August 22, 2024 – TheNewswire - Vancouver, B.C. - Troy Minerals Inc. (“Troy” or the “Company”) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce that c
About this update from Meta Critical Minerals Inc.
[{"type":"text","content":"August 22, 2024 – TheNewswire - Vancouver, B.C. - Troy Minerals Inc. (“Troy” or the “Company”) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce that core drilling is underway on the Company’s Lake Owen project. The Lake Owen Project is in Wyoming, USA, located approximately 50 km southwest of Laramie, Wyoming (Figure 1). Figure 1: Project Location Map Troy’s drill program targets TiO2 and V2O5 mineralization associated with magnetite in gabbro. Two pad locations were selected for this first phase of drilling with at least one drill hole planned at each pad (Figure 2). Interpretative cross sections based on historical exploration (surface mapping, geophysical surveys, and drilling) at the selected pad locations are shown in Figure 3. The drill holes will target the Lake Owen Intrusive with planned end of hole in the basement rocks. Figure 2: Planned drilling pad locations. Figure 3: Interpreted geological cross section at drill pads 2 and 3. Other potential mineralization styles include “Reef”-style platinum group element (PGE) horizons, as well as base metal mineralization at the base of the Lake Owen Complex. The Lake Owen Complex is a Proterozoic layered mafic intrusion complex with a long history of exploration for PGEs. Similar in style to the Stillwater Complex in Montana, USA and the Merensky Reef of South Africa, the Lake Owen Complex is a highly prospective North American-based target for critical metals like vanadium and titanium but also has strong potential for PGE enrichment and basal base metal mineralization. QUALIFIED PERSONS 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. ON BEHALF OF THE BOARD, Rana Vig | President and Director Telephone: 604-218-4766 Email: [email protected] About Troy Minerals Inc. Troy Minerals is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties. The Company currently holds interest in three assets. The Lake Owen project (formerly SW2) is a highly prospective Vanadium, Titanium and Iron ore rich project that consists of 100 mineral claims located approximately 50km southwest of Laramie, Wyoming USA. The property target is a Proterozoic Layered Mafic In...