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
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
Property benefits from good infrastructure and access.
Access to the lower elevations is available by various logging roads from
The Property encompasses several BC Minfile occurrences classified as muscovite pegmatites.
'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
Most recent exploration between 2006 and 2010 was focused on assessing the REE potential with surface geochemical sampling consisting of stream sediment, soil and rock sampling. 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. Widely spaced soil sampling in the two main valleys returned several anomalous values of 809 ppm and 1,005 ppm from the western valley and 908 ppm and 867 ppm TREE from the eastern valley. Historical rock sampling did not identify any anomalous samples, although the dataset is quite small and limited in scope and was focused on two occurrences.
An initial phase of data compilation of the historical work will be followed by a field program to confirm historical concentrations and further assess the REE potential.
The Company also announces that it has extended its marketing contract with i2i
Additionally, the Company also announces that it has engaged
Contact:
Tel: 604-218-4766
Email: rana@ranavig.com
About
The
The Lac Jacques project is a drive to project with close infrastructure located approximately 250km north of
The Green Gold project, in which the Company has the right to acquire 100% interest, is comprised of 14 mineral claims with an aggregate area of 11,238 hectares, is located in central
The Ticktock project, a 1,065-hectare property located within the prolific
Forward-Looking Statements
Statement RegardingForward-Looking Information: This release includescertain statements that maybe deemed 'forward-looking statements'. All statements in this release,other than statements of historical facts, that address eventsor developments that Troy ResourcesInc. (the 'Company') expects to occur, are forward-looking statements. Forward-looking statements are statements that arenot historical factsand 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 capitaland 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 resultsor 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 eventthat 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.
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