| ||September 10, 2009|
Troymet Commences Exploration Program at Golden Eagle Project
| ||September 10, 2009 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") is pleased to announce that exploration crews have mobilized to the Golden Eagle project in northern British Columbia. Golden Eagle lies at the southern end of the Tintina Gold Belt, which contains many intrusion-related gold deposits such as Pogo (Alaska), Fort Knox (Alaska) and Dublin Gulch (Yukon). The recent discoveries on the White Gold property (Yukon) by Underworld Resources Inc. also occur within the Tintina Belt.|
Potentially high impact drill targets were identified in the recently completed reinterpretation of the technical data for the north block of the Golden Eagle project ("North prospect"), where a granite-related gold system has been partly unroofed. The current field program is designed to give better definition to these targets and to identify additional drill targets for immediate follow up.
Numerous zones of structurally controlled gold-silver-arsenic-antimony mineralization and gold-in-soil anomalies occur over an area of ~5 x 5 kilometres. The mineralization and the anomalies are related to two major structures, the Ben Fault and the Paddy Fault, and to the underlying granite-related gold system. The Ben Fault is a minimum of 3.6 kilometres in length and has never been drilled. The Paddy Fault is a minimum of 4.6 kilometres in length and has not been drilled apart from limited drilling (~250 metres) on the Skarn zone. This drilling intercepted significant gold mineralization but it did not test the underlying granite contact.
The North prospect contains an impressive number of undrilled, structurally controlled gold showings. The Company believes this area may host one or more bulk-tonnage gold deposit(s).
Troymet is a junior exploration company with precious and base metal projects located in British Columbia and Manitoba, Canada. The Company is actively seeking partners to advance its highly prospective properties and continues to seek new projects with high-value and large-tonnage potential to add to its portfolio.
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news 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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