| ||January 19, 2012|
Troymet Identifies Large Geochemical Soil Anomalies and Additional Drill Targets on Key Project
| ||January 19, 2012 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") updates exploration progress on its 100% owned (8,854 ha) Key project in British Columbia. The Key property is strategically located between and adjacent to New Gold Inc.'s Blackwater gold deposit and the 3Ts gold-silver deposit of Independence Gold Corp. The Capoose silver deposit (New Gold Inc.) is located approximately 12 km to the northwest.|
Troymet has currently identified eight large target areas with significant gold + silver + other element anomalies. Several trend towards the Blackwater property and one anomaly is on the property border. Four of the anomalies lie north of Good News Lake where wide spaced drilling by the Company in 2011 (5 holes) intersected anomalous porphyry style mineralization and a large hydrothermal system with high sulphide content (News Release - May 9, 2011). One of the anomalies encompasses an area with layered sphalerite mineralization in tuffs/sediments on Tsacha Mountain (~ 2.5 km north of Good News Lake), as well as two strong, undrilled VTEM anomalies.
Kieran Downes, President and CEO, stated, "Troymet is very pleased with the results of the soil sampling program. Distinct anomalies and trends have been identified in the eastern half of the property and several are associated with the GN and East Faults. Multiple new drill targets have been identified."
The Company's 2011 soil sampling program completed coverage of the eastern half of the Key project, extending anomalous trends from the Company's 2010 soil sampling program, and covering several important mineralized structures. Outcrop exposure on the property is limited and areas with obvious fluvio-glacial deposits and outwash material were avoided. Approximately 5,280 hectares of the Key project have now been reconnaissance sampled. A total of 2,349 soil samples were collected in 2011 making a total of ~ 4,500 soil samples collected in 2010-2011. All samples were analyzed for 51 elements including gold.
The Company is evaluating the numerous and extensive soil anomalies to prioritize the targets and determine where induced polarization ("IP") surveys are required to better define targets prior to drilling. A drilling program is currently planned in the second quarter to test 8 priority targets (10 holes -- 1,500 metres). Additional targets will likely be added following completion of the IP surveys. The Company also plans to complete soil sampling, prospecting and mapping over the western half of the property in summer 2012, in conjunction with planned logging by forestry companies in the area.
Troymet is well financed and holds an exciting portfolio of precious metals and base metals exploration properties. The Company will be exhibiting at the Vancouver Resource Investment Conference 2012 on January 22-23, 2012. Please visit us at booth 1607.
President & CEO, Kieran Downes, P. Geo., a qualified person as defined by National Instrument 43-101, is responsible for the technical information provided in this release. All samples were analyzed at ALS Chemex, Vancouver, BC, an ISO 9001:2000 accredited facility. Casselman Geological Services Ltd. is providing technical management to the Company.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Tel: 1-888-456-4952 or firstname.lastname@example.org
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: Thu Feb 16, 2012, Troymet Intersects 1.27 g/t Gold over 36.45 metres at Golden Eagle
You can view the Previous News Releases item: Thu Jan 12, 2012, Troymet Updates Exploration Progress at McClarty Lake
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