| ||February 23, 2010|
Troymet Expands Geophysical Survey at McClarty
| ||February 23, 2010 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") is pleased to report preliminary results from a pulse electromagnetic (PEM) survey recently completed on the Company's 100% owned claims on the McClarty Lake Project. The McClarty Lake property is located near Snow Lake, Manitoba and lies ~45 km south of HudBay Minerals' (TSX: HBM) Chisel Lake and Lalor Lake volcanic massive sulphide (VMS) deposits. |
The property comprises three claims (344 hectares) owned 100% by Troymet and two claims (252 hectares) owned 60% by Troymet and 40% by Hudson Bay Exploration and Development (HudBay) ("option claims").
Troymet identified a gold-bearing VMS system, the Discovery zone, on the option claims, in 2007. HudBay is currently earning an additional 20% interest in the option claims by spending $750,000 on exploration by June 5, 2011. The Company anticipates that HudBay will complete its earn in ahead of schedule by conducting a 2010 winter diamond drilling program on the Discovery zone.
On the 100% owned MAC 3 claim, Troymet has identified a strong conductive response on the southwest edge of the newly established grid. A 400-metre x 1000-metre extension of the grid and survey coverage has been recommended by the Company's geophysical contractor, Crone Geophysics of Mississauga, Ontario.
Completion of the grid extension and additional surveying is expected by the end of February, allowing for a follow-up diamond drilling program to commence in early March.
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:
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 certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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