| ||August 13, 2008|
Troymet Completes Airborne VTEM Survey at the Key Project
| ||August 13, 2008 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") is pleased to announce the completion of a helicopter-borne VTEM survey over the Company's 100% owned Key property located 125 km southwest of Vanderhoof, British Columbia.|
The exploration target on the Key project is a precious metals-rich volcanic massive sulphide (VMS) deposit. The 7,882-hectare property covers an area of anomalous lake sediment geochemistry centered on a sequence of basaltic to rhyolitic volcanics, possibly preserved within a graben structure. The geological setting has strong parallels to that of the gold- and silver-rich Eskay Creek deposit in northwestern British Columbia.
The VTEM time domain EM system is excellent for locating discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity. It also includes a magnetometer for mapping of geologic structure and variation in lithology. The 165 line-kilometre survey was conducted by GEOTECH Ltd. Results of the survey will be released once received and evaluated. A property-wide prospecting program to follow up on the results of the survey is under consideration for the 2008 field season.
Tracy Hurley, P.Geo., Vice President, Exploration and qualified person as defined by National Instrument 43-101 is responsible for the technical information provided in this release.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Troymet Exploration Corp.
Tel: 1-888-456-4952 or email@example.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein may be forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports or prior exploration results, and future costs and expenses being based on historical costs and expenses, adjusted for inflation. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of the Company and its projects; general business, economic, competitive, political and social uncertainties; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Company; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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