| ||August 02, 2012|
Troymet Updates Key Gold Project
| ||August 2, 2012 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") updates exploration progress on its 100% owned Key gold project in British Columbia. The $1 million exploration program is fully permitted and includes prospecting, soil sampling, induced polarization ("IP") geophysical surveying and diamond drilling. To date the first phase of prospecting and soil sampling program has been completed with assay results pending.|
Planned line cutting and IP surveying has been temporarily delayed due to active logging in the proposed survey area by Canfor (see news release of July 24, 2012). Troymet plans to proceed with the IP program when it is satisfied there will be no potential conflict with Canfor's logging program.
Troymet anticipates significant benefits from the logging program in the form of new bedrock exposures and possible new mineralized zones, as well as multiple new access routes to the various target zones which will facilitate easy access for diamond drilling. The increase in the number and quality of logging roads will allow year-round access for drilling.
The 8,854 hectare Key project has significant discovery potential, is road accessible, and is strategically located between New Gold Inc.'s Blackwater gold deposit and the 3Ts gold project of Independence Gold Corp. This is Troymet's second summer field season exploring for precious metals on the Key project, where the Company's exploration programs have identified a number of high potential gold targets.
Kieran Downes, P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the contents of this release.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
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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: Tue Aug 14, 2012, Troymet & Hudbay Sign Joint Venture Agreement on McClarty Lake Project
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