| ||April 04, 2011|
Troymet Updates Drill Program on Key Project
| ||April 4, 2011 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") reports the winter phase of the 2011 reconnaissance diamond drilling program on the Key gold-silver project is complete. In total 1,576.8 metres were drilled with nine holes completed and three holes abandoned in broken ground and/or thick overburden. |
Approximately 12.6 kilometres of induced polarization ("IP") survey were also completed in the area of Good News Lake. The IP survey identified a large anomaly over 1.2 kilometres in length that is coincident with the gold-in-soil anomalies along the GN Fault. IP anomalies were also identified along the East Fault.
Four holes tested targets on the Crag grid on the west side of the property, including two coincident IP/gold-in-soil/surface gold targets and two VTEM targets. The VTEM anomalies appear to be associated with fault/breccia zones in felsic to intermediate volcanics with local vein/disseminated pyrite. The IP/gold-in-soil/surface gold targets comprise silicified and pyritized (trace to 1%) felsic to intermediate volcanics.
Five widely-spaced holes tested coincident IP/gold-in-soil/structural zones on the Bluff and Butte grids in the area of Good News Lake. Two holes spaced 200 metres apart tested targets on the GN Fault. A third hole tested a target approximately 180 metres west of the fault. The fourth hole tested a target on the East Fault, and the fifth hole tested a target within the intrusive. All holes intersected varying amounts of disseminated and vein/veinlet controlled pyrite mineralization. A drill hole location map can be viewed at: Key - Drill Hole Locations & Target Areas.
The 100% owned Key project is located 125 km southwest of Vanderhoof, British Columbia and immediately adjoins the Blackwater project of Richfield Ventures Corp. The recently completed reconnaissance diamond drilling program was the first ever on this large property (8,854 hectares).
Troymet plans to expand the prospecting, soil sampling and ground geophysics to cover the remainder of the property after spring break-up. To-date, less than a third of the property has been explored in any detail. As well, the Company has identified drill targets in areas of rugged topography that were not accessible during the winter program, and will be tested when drilling resumes after break-up.
The 2011 winter IP and diamond drilling program was under the management of Casselman Geological Services Ltd. All samples have been shipped to ALS Chemex, Vancouver, BC, an ISO 9001:2000 accredited facility. Assays will be released once received and evaluated.
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; 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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