Promising Results for TroyMinerals in Rare Earth Exploration in Quebec

TroyMinerals Inc. has announced significant discoveries at its Lac Jacques site, dedicated to the exploration of rare earth elements (REE), following the completion of the last two drillings in 2023. Located approximately 250 km north of Montreal, Quebec, this project wholly owned by the company has revealed significant concentrations of REE over multiple intervals.

Drill holes LJ-23-03 and LJ-23-04 have highlighted highly mineralized intervals, extending the mineralization zone and suggesting multiple mineralizing events. These results reinforce the company's confidence in the REE potential of the Lac Jacques site. An exploration campaign is planned for 2024, with a strong financial position enabling organic growth and acquisition opportunities to be considered.

Analyses have identified a variety of REE-bearing minerals, including allanite and monazite, as well as concentrations of light and heavy rare earth elements. These discoveries confirm the significant potential of the Lac Jacques site for REE production, essential in many green technologies and industrial applications.