Your browser does not support script

News Releases


Show printable version of 'Troymet Completes Drilling at Golden Eagle' in a New Window

Subscribe to our Email List

 November 29, 2011
Troymet Completes Drilling at Golden Eagle

 November 29, 2011 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") reports the diamond drilling program (6 holes - 867.15 metres) on the North prospect of its 100% owned Golden Eagle project in British Columbia, has been successfully completed.

A 10.5 km pole-dipole induced polarization survey was completed over the West Gully grid, in September-October 2011. The west Gully target comprises a granitic intrusive with structurally hosted gold mineralization. Several chargeability targets were identified including anomalies that occur along strike of hole N0901 (0.11 g/t gold over 86.84 metres including 0.33 g/t over 15.24 metres; News Release of February 17, 2010). Three holes tested chargeability targets over a distance of approximately 500 metres along strike of hole N0901. The chargeability targets are partly aligned along a drainage with anomalous gold-in-silt values. One hole was drilled at 180 degrees to N0901; this hole was lost in a cave associated with old workings with the result that the depth extension of the mineralization was not tested. One hole tested a chargeability target along the northeast faulted contact of the intrusive. Drainages rising in this area contain anomalous gold-in-silt values.

One hole was drilled in the Skarn zone before weather conditions forced the termination of the program. A more extensive helicopter supported drill program had been planned. This program has now been deferred to 2012. The Skarn zone comprises an approximately 2.0 km long target. Historic drilling was confined to approximately 260 metres and intersections ranged from 1.28 g/t gold over 6.0 metres to 7.64 g/t gold over 3.45 metres (News Release - June 25, 2009). Significant areas of the Skarn zone remain to be drill tested in 2012.

The induced polarization survey was conducted by Aurora Geosciences Ltd. On-site supervision of the diamond drill program was also provided by Aurora.

The 8,178-hectare Golden Eagle project is located in northwestern British Columbia, just south of the BC-Yukon border. The South Klondike Highway runs through the centre of the property, providing excellent access from Whitehorse, Yukon, 90 kilometres to the north. The project is situated at the southern end of the Tintina Gold Belt, which contains many intrusion-related gold deposits such as Pogo (Alaska), Fort Knox (Alaska), Dublin Gulch (Yukon) and the White Gold property near Dawson City (Yukon).

The northern portion of the Golden Eagle property is shown by the British Columbia Geological Survey's stream sediment sampling to contain exceptionally anomalous values in gold (to 1,080 ppb), gold indicator metals (arsenic, antimony and mercury) and base metals (BCGS Bulletin 105). Multiple zones of gold-silver-arsenic-antimony mineralization, including the West Gully and Skarn, and gold-in-soil anomalies occur in this ~5 x 5 kilometre area, known as the North prospect

Drill core samples are being analyzed by ALS Chemex Labs Ltd. an ISO 9001:2000 certified laboratory. Troymet maintains a QAQC program whereby standard samples and blanks are inserted into each batch of samples to ensure quality control. Results will be reported once received, interpreted and validated.

President & CEO, Kieran Downes, P. Geo., a qualified person as defined by National Instrument 43-101, is responsible for and has verified the technical information provided in this release.

TROYMET EXPLORATION CORP.

Kieran Downes, Ph.D., P.Geo.
President, CEO & Director

For further information, contact:
Anthony Zelen
Investor Relations
Tel: 1-888-456-4952 or anthony@senergyir.com

Website: www.troymet.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.
 
 

You can view the Next News Releases item: Fri Dec 2, 2011, Troymet Director Participates in Gypsy Swap

You can view the Previous News Releases item: Mon Nov 28, 2011, Troymet Announces $500,000 Private Placement and Review of Strategic Alternatives

You can return to the main News Releases page, or press the Back button on your browser.