Airborne Mag And Radiometric Program Begins On Lake Owen Project

VANCOUVER - Troy Minerals Inc. announced that the USGS (United States Geologic Survey) has begun flying an airborne magnetics and radiometric survey in Wyoming which includes the Lake Owen Project in Wyoming, 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.

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. "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.”