Troy Minerals Acquires BC Property with REE Potential

VANCOUVER, BC / ACCESSWIRE / March 18, 2024 / Troy Minerals Inc. ("Troy"or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce it has completed the staking of a new property highly prospective for rare-earth elements. The Property is 100% owned by the Company and is unencumbered by any royalties at the present time. The Property is located approximately 320 km north of Prince George, BC, and 170 km north-northwest of Mackenzie, BC, on the western side of Williston Lake (Figure 1).

Highlights

Highly prospective property acquired through staking minimizing acquisition costs.

Stream sediment sampling returned strongly anomalous REE concentrations from multiple creeks and drainages, including 3,647 ppm TREE (total rare earth elements) and 2,550 ppm TREE.

Project unencumbered by any royalty or streaming contracts gives the company increased value and potential future financing optionality.

Large property encompassing 9 claims totaling 3,924.88 ha., several mineral occurrences and the past producing Family Farm mica mine.

Property benefits from good infrastructure and access.

Access to the lower elevations is available by various logging roads from Mackenzie. Upper elevations will require the use of a helicopter.

Foto: Accesswire

Figure 1: Project location map.

The Property encompasses several BC Minfile occurrences classified as muscovite pegmatites. The Family Farm occurrence is a past producer of muscovite mica from pegmatites, dating back to the 1920's. The occurrence comprises two concordant dikes of white pegmatite, intruding schist and consisting of mostly muscovite, quartz, and feldspar. Accessory minerals include pyrite, tourmaline, garnet and kyanite. The West Mica Mountain prospect located 3.8 km southwest also reports large muscovite mica crystals up to 33cm. These occurrences are hosted in quartzites and quartz-feldspar-muscovite schists of the Neoproterozoic Swannell Formation.

"Our technical team was able to identify this great opportunity to add to our REE portfolio through staking in an area with a lot of REE potential", said Rana Vig, President and CEO of Troy Minerals Inc. "British Columbia is already Canada's biggest producer of the critical metal copper, the only producer of molybdenum, and smelts other key critical minerals such as aluminum, zinc and germanium. British Columbia is an outstanding province for critical metal exploration" he added.