Troy Minerals Advances Table Mountain Silica Project with Drilling Permit Application
Wednesday, Dec 11, 2024 3:49 am ET
Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) has taken a significant step towards transitioning from an exploration-focused company to a revenue-generating mining operation with the submission of a drilling permit application for its Table Mountain Silica Project in British Columbia. This strategic move aligns with the Company's objective to become a leading supplier of high-purity silica in the North American market.
The permit application outlines a comprehensive drilling program, requesting approval for up to 34 drill holes in 2025, totaling approximately 1,700 meters of drilling in the first year. An additional 20 holes are planned in subsequent years, bringing the total to approximately 2,700 meters over the proposed five-year period. This phased approach enables Troy to methodically advance the Table Mountain project, ensuring alignment with both operational goals and market demand.
The planned drilling program is designed to delineate high-purity silica resources, providing critical data to support the transition into the production phase. The project's proximity to key transportation and infrastructure hubs, such as the Canadian Pacific Railway Golden Rail Yard, facilitates access to major markets and aligns with Troy's objective to become a leading supplier of high-purity silica.
Troy Minerals is a Canadian-based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located "critical" mineral assets. The Company is aggressively advancing its projects within the silica (silicon), vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.

The submission of this drilling permit application underscores Troy's commitment to expediting the development of the Table Mountain Silica Project. The planned drilling program is designed to delineate high-purity silica resources, providing critical data to support the transition into the production phase. With a strategic location near existing infrastructure and other silica mines, the Table Mountain project has the potential to become a significant player in the North American high-purity silica market. As Troy continues to advance its projects and build shareholder value, investors should closely monitor the Company's progress and the potential impact on the silica industry.
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