| ||October 21, 2009|
Troymet Completes Drilling at Golden Eagle Project
| ||October 21, 2009 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") is pleased to announce the completion of its fall exploration program on the North prospect of its Golden Eagle project in northern British Columbia. The program consisted of stream sediment sampling, prospecting and a reconnaissance diamond drilling program. The Company is very pleased to have completed this program before the onset of winter. |
The five-hole (506-metre) program successfully tested four previously un-drilled targets in the West Gully, LQ, Stibnite and Cowboy zones. These targets were not amenable to stripping or trenching and are widely spaced (http://www.troymet.com/s/GoldenEagle-Images.asp). A preliminary examination of the core is highly encouraging.
Holes N0902 and N0903 targeted the LQ vein and intersected a wide structural zone (+20 metres) comprising sulphide-bearing quartz veining and breccias to a vertical depth of ~120 metres. Trace to 15% stringer and disseminated pyrite, arsenopyrite, sphalerite, chalcopyrite, pyrrhotite as well as semi-massive bands of pyrrhotite + chalcopyrite are hosted in, and also cross-cut, more than one stage of quartz veining, suggesting multiple or episodic mineralizing events.
Hole N0904 tested the north part of the Stibnite zone. The hole intersected strongly tectonized feldspar porphyry and shales. The porphyry carries 1-5% disseminated, fracture and stringer controlled pyrite. The shales carry 1-10% disseminated and veinlet controlled pyrite-pyrrhotite, as well as clasts of semi-massive pyrite with reaction rims possibly representing an early volcanogenic massive sulphide style of mineralization.
Hole N0905, drilled between the Stibnite and Cowboy zones, intersected a structural zone with trace to 10% disseminated and stringer controlled pyrite, arsenopyrite, pyrrhotite and galena, that is similar to the structural zone at the bottom of hole N0903. These holes are approximately 1,300 metres apart and appear to have intersected the same structure.
West Gully zone
Hole N0901 intersected a +40 metre wide altered and sheared zone carrying trace to 10% disseminated and veinlet controlled sulphides with moderate to strong sericite alteration and silicification. The sulphides comprise pyrite, arsenopyrite, stibnite, galena, sphalerite and chalcopyrite. The zone starts at a depth of approximately 124.0 metres and continues to the end of the hole.
The 100% owned Golden Eagle 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 recent discovery at Underworld Resources' White Gold property near Dawson City (Yukon). The property has the potential to host several deposit types, including bulk tonnage intrusion related deposits with associated skarn deposits, high-grade gold-silver vein-hosted deposits and volcanogenic massive sulphide (VMS) deposits. Thirteen separate mineralized zones have been identified to date over the property's 25-kilometre long extent.
Numerous zones of structurally controlled gold-silver-arsenic-antimony mineralization and gold-in-soil anomalies occur over the ~5 x 5 kilometre area known as the North prospect. The mineralization and the anomalies are related to two major NNW-trending structures -- the Ben Fault and the Paddy Fault -- and to an underlying granite-related gold system. Both structures are possible splays of the Llewellyn fault, a major mineralizing structure in northwestern BC. The Company believes the North prospect may host one or more bulk-tonnage gold deposits.
The 2009 drilling program is managed by Scott Casselman Geological of Whitehorse, YK. Logging and sampling of the drill core is progress. All samples will be analysed at the ALS Chemex laboratory in Vancouver, BC and assay results will be released once received and compiled.
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 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.
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